Job Discussion Forums

Never Ceased To Be Amazed · Posted: Sat Feb 14, 2009 6:31 pm Post subject:

Well put...on all points. I don't even think about the world-wide recession except on how I'm gonna invest my petro dollars in 12-18 months' time. My lil' fella's already substantial college fund is a-gonna be huge when confidence gets back into the market! Until then, jes' hang on to th' ride!

NCTBA

mightyQ · Joined: 15 Nov 2008 Posts: 10

"Thousands of abandoned cars at Dubai airport"

Has this made it a buyers market? Has anyone noticed a lot of good deals on nice used cars?

veiledsentiments · Joined: 20 Feb 2003 Posts: 17644 Location: USA

They would be owned by car rental or leasing companies or banks. Not to mention that they don't have procedures or laws in place on how to deal with situations and numbers like this. I suspect that, if true, they will be sitting on impound lots somewhere rotting into the sand.

VS

hurricane · Joined: 06 Nov 2004 Posts: 30

[quote="veiledsentiments"]They would be owned by car rental or leasing companies or banks. Not to mention that they don't have procedures or laws in place on how to deal with situations and numbers like this. I suspect that, if true, they will be sitting on impound lots somewhere rotting into the sand.

VS[/quote]

http://www.bi-me.com/main.php?id=31119&t=1&c=35&cg=4&mset=1011

veiledsentiments · Joined: 20 Feb 2003 Posts: 17644 Location: USA

Those are cars that had been impounded by the police for breaking existing laws.

Cars abandoned at the airport is another issue as these are actually not breaking any law except the unpaid debt once it occurs. The difficulty will be the banks or leasing companies getting them back. Hopefully that issue is being addressed, especially if the problem is a growing one, which I suspect that it is and will be. The economy of Dubai is built on smoke and mirrors. (rather like the international banking system itself)

VS

missieUAE · Joined: 15 Feb 2009 Posts: 23

Sheikh N Bake · Joined: 26 Apr 2007 Posts: 1307 Location: Dis ting of ours

I don't understand. Who cares about Ethiopian beer or whatever the currency is? Malaysian ringgit are (or were) also not convertible, and neither are a number of other currencies.

hurricane · Joined: 06 Nov 2004 Posts: 30

http://www.thenational.ae/article/20090110/NATIONAL/500424664&SearchID=73342942928444

adorabilly · Joined: 20 May 2006 Posts: 430 Location: Ras Al Khaimah

adorabilly · Joined: 20 May 2006 Posts: 430 Location: Ras Al Khaimah

missieUAE · Joined: 15 Feb 2009 Posts: 23

adorabilly · Joined: 20 May 2006 Posts: 430 Location: Ras Al Khaimah

MissieUAE

I stated this once before, she took the cash with her because the ETHIOPIAN CONSULATE/Embassy in dubai said, and I quote "No problem. Bring it with you and we will help you exchange it."

Now from someone who lived there and was told it isn't illegal, I'll take the word from the customs officers in Ethiopia over the guide books.

now we know that the embassy is full of liars and rip offs (they only offered half the exchange rate), and my friend learned a very hard lesson.

p.s. it is interesting how you get bent out of shape when people have answered you, but boy oh boy you can sure go after others.

missieUAE · Joined: 15 Feb 2009 Posts: 23

Sheikh N Bake · Joined: 26 Apr 2007 Posts: 1307 Location: Dis ting of ours

As for me, I was just trying to inject a slight bit of humor, since I found the sudden appearance of Ethiopian birr in the thread rather unexpected and humorous.

adorabilly · Joined: 20 May 2006 Posts: 430 Location: Ras Al Khaimah

SNB.

I concur. When my friend told me she was paid in Ethiopain Beer, I had two thoughts 1. where was this job when I was in my 20's, and 2. Damn that is a funny thing to hvae for currency.

now we have found out that she would be better of if it was Beer, then people might just want it, as opposed to this worthless currency.