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ckhl
Joined: 20 Aug 2006
Posts: 214
Location: SE Asia
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veiledsentiments
Joined: 20 Feb 2003
Posts: 17644
Location: USA
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 Posted: Fri Apr 24, 2009 2:12 pm Post subject: |
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Well... it may be a bit more balanced, but there was nothing in there that would convince me that it would be a place that I would invest my money. 
I got a chuckle out of this paragraph:
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| But Georges Makhoul of Morgan Stanley thinks it is wrong to describe the federation�s deliberations as if they were a �family soap opera�. He adds: �It�s not as if people in Abu Dhabi are scheming about how to make Dubai suffer, and the people in Dubai are scheming about how to wring money out of Abu Dhabi.� The offer of help was extended in November, he says. |
Based on my experience and readings about the UAE, I'd say the 'soap opera' definition is more accurate than not. But it's not the "people" of either Emirate, it's the two royal families which have been in competition for as long as the history of these Emirates.
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anaxiforminges
Joined: 15 Apr 2009
Posts: 136
Location: UAE
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| Posted: Fri Apr 24, 2009 2:56 pm Post subject: |
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| Good article, though I suspect VS has a very valid point. In any case, I'm rooting for Dubai to re-emerge stronger once the crisis subsides. If it was an ADD adolescent on steroids before, it's probably more like the same kid on massive doses of Ritalin. |
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