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Dubai Hit by Economic Downturn - 24 Nov 08

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Al Al Jazeera Baer Boom Crisis Debts Dubai Economy English Financial Global Gulf Middle East Todd
AlJazeeraEnglish
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  • Added: 24-Nov-08

It is often said that the Gulf region is immune to the global financial crisis.

This perception may be about to change as Dubai's boom starts to fizzle out.

With debts of up to $80m, Dubai could be in need of some urgent financial help.

Al Jazeera's Todd Baer reports.

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Comments on

Dubai Hit by Economic Downturn - 24 Nov 08

15 Comments | Add Comment
  • DUBAI is a very ...

    DUBAI is a very smart. They had known that they will run out oil. So they had to do something. And they have done it. They have made most desirable tourist destination in the world in the middle of desert.

    By grandmarnier9 [Affiliate User] 1228133289 Reply Spam Moderate Up Moderate Down
  • i was saying that ...

    i was saying that all the time...they are spending too much money!

    By tesroz [Affiliate User] 1228083727 Reply Spam Moderate Up Moderate Down
  • F**k your retarded ...

    F**k your retarded BS , Dubai has oil Abu Dhabi sinks in oil , and Dubai without the oil money of UAE and that of neighboring countries will turn back into the hot unpleasant desert that it always have been ....stop your hallucinations ...as soon as the oil finishes you will be back under tents sooner than you expect it you retarded Bedouin...

    By MossadAgentWatching [Affiliate User] 1228082784 Reply Spam Moderate Up Moderate Down
  • try 40 by christmas ...

    try 40 by christmas gotta love the Elites.

    By Repomex01 [Affiliate User] 1228082697 Reply Spam Moderate Up Moderate Down
  • you are deaf or ...

    you are deaf or just retarded ? you didn't hear that Dubai don't have oil ?
    they actually to have some.. but only 5 % off income is from oil

    By Tempus81 [Affiliate User] 1228082570 Reply Spam Moderate Up Moderate Down
  • So sad these used ...

    So sad these used to be nomads are no different to money and its woeful waste than american atheletes who retire broke after a taste of the "goodlife". the chosen ones shall inherit the earth,,, yeah whats left of it LOL.

    By Repomex01 [Affiliate User] 1228082560 Reply Spam Moderate Up Moderate Down
  • abu dhabi is much ...

    abu dhabi is much better off than dubai.

    By cromespyder [Affiliate User] 1227853898 Reply Spam Moderate Up Moderate Down
  • come to dubai and ...

    come to dubai and see If we are dying of business or not our government is more powerful than people think

    By mancy464 [Affiliate User] 1227835468 Reply Spam Moderate Up Moderate Down
  • LOL good for them.

    LOL good for them.

    By ZB90 [Affiliate User] 1227731885 Reply Spam Moderate Up Moderate Down
  • good...

    good...

    By bushangels [Affiliate User] 1227686475 Reply Spam Moderate Up Moderate Down
  • The construction in ...

    The construction in Dubai is not purpose rather its built to help the ego of its leaders. Really who is gonna use all these offices and live in all these homes?

    By laborgrunt [Affiliate User] 1227663560 Reply Spam Moderate Up Moderate Down
  • lol

    lol

    By ripball22 [Affiliate User] 1227652479 Reply Spam Moderate Up Moderate Down
  • haha shame on dubai

    haha shame on dubai

    By AbuUbaydah1 [Affiliate User] 1227643401 Reply Spam Moderate Up Moderate Down
  • That makes no sense ...

    That makes no sense. try again.

    By rustEshakelford [Affiliate User] 1227641953 Reply Spam Moderate Up Moderate Down
  • To be independent ...

    To be independent USA need to attack few more Oil rich countries....that he is not in position of so you better pray for your dream.

    By TGMLive [Affiliate User] 1227613728 Reply Spam Moderate Up Moderate Down
15 Comments | Add Comment
 
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