Economy of the Middle East (new thread) | FerrariChat

Economy of the Middle East (new thread)

Discussion in 'Middle East' started by Pav, Dec 23, 2008.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Pav

    Pav Formula 3
    Lifetime Rossa

    Jan 18, 2006
    2,159
    Warsaw, Poland
    Full Name:
    Michal
    Today's excerpts from Gulf News:

    I guess the market correction has yet to come. At least in R/E.
     
  2. arezzo

    arezzo Formula Junior

    Jul 29, 2003
    699
    Kuwait
    Full Name:
    SH
    Things are going to get alot worse before they get better, the consensus across the board is that this going to be a long one, clearing the leverage running through the veins of the global economy is going to be a long drawn out process and the GCC is no different (although I've heard of some pundits claim the GCC will bounce back sooner than the rest of the world but what they fail to realize there is an information black out as far as all the bad news is concerned, trying to keep it under wraps for as long as they can.)

    I wouldn't be surprised if the GCC and other SWFs (China, Norway) around the world have had 50% or more wiped off their pre-credit crunch NAVs but at the end of the day we just don't know do we :)

    S


     
  3. sir-t

    sir-t Karting

    Sep 24, 2006
    175
    D/A/CH
    100% agree Arezzo.
    But let's wait for the next "expert" who shows news from a UAE website ;)
     
  4. menoy

    menoy F1 Rookie

    Mar 12, 2005
    2,661
    PL
    Full Name:
    MRodziewicz
    "Arabtec, the largest construction company in the UAE, was the biggest loser, tumbling 100 per cent to Dh4.23."



    What?
     

Share This Page