Indian politicians and bueracrats are corrupt and scare the business community if not india could create millions of jobs and no one needs to go out just to earn rs. 8000 a month.....
A lot of money has poured into Dubai infrastructure. Although in heavy debt, they have not wasted money. Dubai will bounce back.It is really a great tourist paradise. People will come to watch the worlds tallest tower, the Palm, Exotic golf courses,travel by the metro and the acres and acres of beach gardens. Just to ride through the roads of Dubai is a luxurious experience. Dubai took great care of Indians - better than India itself took care of its citizens. So Indians will return to Dubai again. This recession is only a temporary phenomena. The country as a whole is not suffering. Only Dubai - which can always turn to Its Big Brother Abudhabi for help. Just a fraction of Abudhabi's wealth is enougn to sustain Dubai. So friends dont be hasty to write off Dubai. It is ruled by one of the most dynamic persons of all mankind = Sheikh Mohamed.
Re: Dubai will bounce back.
by Rohit on Dec 01, 2009 01:17 AM
"of the most dynamic persons of all mankind = Sheikh Mohamed" hahahaha next you'll say he's the second coming Jesus, and last avatar of Vishnu.
Dubai is a small and IRRELEVANT pimple. Dubai GDP = $75 billion, India GDP = $1,200 Billion, US GDP = $15,000 Billion.
Financial markets were worried briefly that problems from Dubai's pipe-dreams spreading to other countries. Once they realized that Dubai's collapse is going to affect no one else, they once again FORGOT ABOUT DUBAI.
Re: Re: Dubai will bounce back.
by MOHAMED NAZEER on Dec 01, 2009 10:44 AM
Mr. rohit, do we have any good infrastructure in any part of india except dirty roads
Re: Re: Re: Dubai will bounce back.
by rajendra K on Dec 01, 2009 10:53 PM
Dubai is city. India is country. It is like cleaning one corner of the house. You can clean with phenol everyday. So Developing the Dubai is not great deal.
Re: Dubai will bounce back.
by soma shankar on Dec 01, 2009 10:06 AM
me to agree radha. But how abudhabi is going to support them is million $ question.Hope more conservatives will come into business and try to impose the shariya/islamic rule.They will defintely spoil the dubai current style. Let us pray for the best..dubai will bounce back...Inshah allah..
Re: Dubai will bounce back.
by Karan Hi on Dec 01, 2009 06:34 AM
The Emperor has no Clothes ! Dubai Has no Oil which can feed all the lavishness. And the Oil in Gulf is good for next 40 years at current level of production. Much before that new technology has to be in place. So best these people can enjoy is for next 25 years.
Re: Re: Dubai will bounce back.
by Solnishka on Dec 01, 2009 02:30 PM
What if Dubai has no oil. To run a business you need a business model. And you have that with Dubai. Take Emirates for eg., Personally, I would always prefer Emirates. The way they take care of their customers and the way they treat you. This model works and I will always fly Emirates and only Emirates. And probably Jet airways in India. All other airlines of the world should actually learn the way Emirates functions. This is just one eg., of successful business model.
Re: Dubai will bounce back.
by MOHAMED NAZEER on Dec 01, 2009 10:37 AM
Attacking Dubai has become fashionable in Western circles. British reporters in particular are sinking their teeth into the Emirate like dogs chomping on a juicy bone. The latest news that Dubai World seeks to restructure its debt involving a six-month payment delay has triggered a host of salivating media hounds baying for blood. Countries, companies and individuals restructure their debts all the time. There has been no suggestion that Dubai World is about to go under or that it will leave its creditors high and dry. The fact is Dubai is getting back on its feet. It’s true that it was more vulnerable to the global economic downturn than the rest of the Middle East but the crisis itself was not of its own doing. Even the finest financial brains were unable to foresee the US subprime crisis that spurred the global . There is absolutely no way that the federal government in Abu Dhabi would throw Dubai to the wolves, for if it did, the whole country would be dragged down with it; perhaps even the region. To prove the point, Abudhabi’s Central Bank has moved to guarantee Dubai’s debts while more liquidity is being pumped into Dubai banks. What Dubai’s rulers have achieved in less than four decades is incredible. The people from all over the world chose to come to Dubai because they could earn money to send to their families and, once they had managed to save a nest egg, they often returned home.
The workforce referred to in this report seems to be unskilled lowpaing sweepers and cleaners so this is typical media trying to make a mountain out of a mole.
Re: really
by Good ForAll on Nov 30, 2009 10:36 PM
You are 10000% correct, media is hungry for negative news, today rediff TOI reported that many workers in Dubai fired over SMS, all these are baseless and just Garam masala for media
Re: Re: really
by Radha Mohan on Nov 30, 2009 10:44 PM
Yes really Garam Masala -because one cant fire an expat just like that. Their Visa has to be cancelled and a lot of proceedure is there.
Re: Re: Re: really
by shrooms on Dec 01, 2009 02:53 PM
in this country wat procedure is there.. if they say u dnt come to office tomorrow.. u cannot do anything.. my ASSs is burning here in this country..
Seems to me like Rediff small team reads news in UK papers and copy the content here with out any idea....situations in Dubai not bad as posted by rediff at all, also what Dubai facing is over investment and cash crunch which led to payment issues not any thing else.
It is quite easy to blame everything on the arabs, has anyone thought about who are the people who actually cheat, discriminate, enslave indian workforce?! The answer is indians themselves! Majority of the companies have indian partners or at least key positions are held by indian even if its a MNC. Even in local family run businesses, there is a huge work force of indians managed by indians. The recruitment companies based in various indian cities are indians - obviously! So, why blame only the arabs. Not that they do not have any role to play. But the field level guys who actually represent the various companies and organisations are indians!
Re: Absurd Remarks
by Good ForAll on Nov 30, 2009 10:30 PM
Clearly Mallus is most notorious and do any thing for money in Dubai... and all shitty things in Dubai...As long all shitty Mallus don't do politics, many indian workers especially low paid workers life will be better
Re: Absurd Remarks
by Leozrule on Dec 01, 2009 06:24 AM
Do you really understand the article at all???Where is the blame game? I should say its the bankers' and realtors' both @ fault, similar to what happened in the US with mortgage industries.
It may seem to be a bad news at first but atleast it will save the lakhs of indian workers from leading a life of inhuman treatment and hardwork, no respect given at all in dubai for desis (indans,pakistanis,....) by arabs (shiekhs), unhealthy and cramped accomodation all in 45 degree plus temp most of the year. India still has jobs with much better conditions than dubai only thing is to try a bit harder in finding jobs and then you are much better off.
Dubai is anyway a over hyped destination where 90% live in substandard accomodation with no respect whatsoever for immigrants, family averse and hostile immmigration laws and only the higher 10% seem to be enjoying somewhat.
Gulfs era is gone and once we have battery powered vehicles in the next decade it will become a negligible area of the world. That is the reason they are so desperate to create instability in the surrounding regions including pakistan,N india so that they can capture that area in somway or the other.
Re: thats good news !
by jay b on Nov 30, 2009 10:22 PM
also do not get fooled by the photos in this article or otherwise. ONLY 10% of Dubai is like that (very costly however), rest is sub standard or bad even when compared to indian cities .
Re: Re: thats good news !
by Good ForAll on Nov 30, 2009 10:56 PM
Problem is many from India will not even their plate at home, but ready to do any thing in Dubai...this is the attitude problem for many low paid workers comes to Dubai especially from some parts of AP and kerala
Re: thats good news !
by Leozrule on Dec 01, 2009 06:39 AM
If there was no oil..Arabs would never come out of 8th century and be parallel to neighboring African countries run by APES.
very confusing article.think the whole of middle east is sitting on a bubble which might bust anytime.their whole economy depends on oil and the infrasructure they are building is fom oil money.now if they are spending much more than the permissible limit to create their infrastructure the bust is waiting to happen.the arabs have no brains but to put it in.
very confusing article.think the whole of middle east is sitting on a bubble which might bust anytime.their whole economy depends on oil and the infrasructure they are building is fom oil money.now if they are spending much more than the permissible limit to create their infrastructure the bust is waiting to happen.the arabs have no brains but to put it in.
