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Laid-off foreigners flee as Dubai spirals down, says IHT
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johnslat



Joined: 21 Jan 2003
Posts: 13859
Location: Santa Fe, New Mexico, USA

PostPosted: Mon Feb 16, 2009 6:41 pm    Post subject: Reply with quote

Dear missieUAE,

"Okay, you need to relax."

Excellent advice - for all.

Regards,
John
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Never Ceased To Be Amazed



Joined: 22 Oct 2004
Posts: 3500
Location: Shhh...don't talk to me...I'm playin' dead...

PostPosted: Mon Feb 16, 2009 6:50 pm    Post subject: Reply with quote

This thread has been like a school of fish!

NCTBA
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Sheikh N Bake



Joined: 26 Apr 2007
Posts: 1307
Location: Dis ting of ours

PostPosted: Mon Feb 16, 2009 7:41 pm    Post subject: Reply with quote

Indeed. I wonder if Ethiopian beer is anything like the Tunisian beer that I had in Sfax in 1972 when I was a Navy sailor. It tasted like a yeast health drink, so in the sense that it was indubitably, nay undeniably awful, it was in the same league as the Italian Peroni beer, which always elicited the same response when we were foolish enough to nurse a glass of it: "Oh, God--THAT much left?!"
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Never Ceased To Be Amazed



Joined: 22 Oct 2004
Posts: 3500
Location: Shhh...don't talk to me...I'm playin' dead...

PostPosted: Tue Feb 17, 2009 7:05 pm    Post subject: Reply with quote

Sheikh N Bake wrote:
Indeed. I wonder if Ethiopian beer is anything like the Tunisian beer that I had in Sfax in 1972 when I was a Navy sailor. It tasted like a yeast health drink, so in the sense that it was indubitably, nay undeniably awful

Gag! I 'memper a time longgg ago, once upon a time in Taif, KSA where I was invited to this rather nice chap's villa's backyard bar for a "beer". Now, he had it in the usual Rauch's resealable bottle with the usual 2 cm. of yeast settled on the bottom. He then proceeded to open the bottle...and then...pour the entire contents into a pitcher! YEAST AND ALL!!! It was a tan-colored concoction! I, then nursed that horrible elixir, all 4 or 5 polite sips for the next hour and a half. And YOU think that Tunisian beer was bad! Wink



NCTBA
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veiledsentiments



Joined: 20 Feb 2003
Posts: 17644
Location: USA

PostPosted: Tue Feb 17, 2009 9:47 pm    Post subject: Reply with quote

I hate to interrupt this utterly fascinating discussion of beer ( Rolling Eyes I need a yawning smiley...) and bring us back on topic, but I just ran into a few more "Dubai is collapsing" articles. One from a German report on real estate there and another on the Indians abandoning their cars and going back to India.

http://smashingtelly.com/2009/02/15/bye-bye-dubai/

http://www.daijiworld.com/news/news_disp.asp?n_id=55704&n_tit=Indians+Flee+Dubai+as+Dreams+Crash++-+Fall+out+of++Economic+Crisis
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Stephen Jones



Joined: 21 Feb 2003
Posts: 4124

PostPosted: Wed Feb 18, 2009 10:43 am    Post subject: Reply with quote

I've looked up VS's link about the Indians. Basically the same story referred to above, people are leaving leased cars at the airport and going. This is the quote I like best:
Nair used all his credit cards to their maximum limit, shopping for people back home. He then discarded his Honda Accord before returning to India for good. Nair, who stays in a rented apartment in Navi Mumbai today, has a Rs15 lakh loan with a Dubai bank.
Another such victim of the meltdown ...


So the guy commits credit card fraud and defaults on the money owing the bank but he's still a victim!
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veiledsentiments



Joined: 20 Feb 2003
Posts: 17644
Location: USA

PostPosted: Wed Feb 18, 2009 3:24 pm    Post subject: Reply with quote

I noticed that... how typical...

And it isn't just Indians that do such. There have been many stories of Westerners who have done the same. At UAEU a few years back there was a rash of people who got their furniture allowance (about $8000 at the time), got a maximum loan from the bank as soon as they were eligible... and immediately left with the money. They finally tightened up the lending rules. It used to be all that you needed was your signed contract.

One who did that was the woman who started TESOLArabia...

VS
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Afra



Joined: 02 Feb 2003
Posts: 389

PostPosted: Thu Feb 19, 2009 7:45 am    Post subject: Reply with quote

This should help Emiratisation!
http://www.gulfnews.com/nation/Employment/10287438.html
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johnkg



Joined: 06 Feb 2009
Posts: 127

PostPosted: Thu Feb 19, 2009 2:41 pm    Post subject: Reply with quote

Afra wrote:
This should help Emiratisation!
http://www.gulfnews.com/nation/Employment/10287438.html

It could also mean more laid-off foreigners fleeing Dubai and other remirates. Given the consequences of this new law, who are private companies going to "arbitrarily" fire now due to the global meltdown?
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Nordic



Joined: 15 Jan 2009
Posts: 22

PostPosted: Thu Feb 19, 2009 2:44 pm    Post subject: Reply with quote

Maybe pay them money to leave? Don't think anything else would work.
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