Dubai in a "Free Fall"?

[Horsepower]

Mas masarap talaga yung lumalangoy ka sa napakaraming cash, like ng Saudi Arabia at Russia. hehehe.

[uls]

Saudi yes...

kahit bagsak ang presyo ng crude oil, Saudi is doing ok

pero Russia bagsak ngayon

MOSCOW: Russian President Dmitry Medvedev admitted Russia was facing an “unprecedented” economic crisis amid fears that its fallout may be as devastating as the breakup of the Soviet Union 17 years ago had on the country’s economy.

Russia’s GDP contracted by 2.9 per cent in January and is estimated to have further declined by 4.7 per cent in February. Energy-dominated exports collapsed by over 50 per cent in January.

[CVT]

Mukhang tinitikis sila ng kanilang kapitbahay (at kasama sa UAE) na Abu Dhabi.....

7606:mobile1:

[Horsepower]

Yeah nabawasan yung earnings ng Russia due to the drop of oil prices. Pero good thing wala silang debt.

They earn about US$1 Billion per day on european consumers. Siguro, ngayon that oil is very low, baka half na lang.

[qman]

Puro kasi real state ang business ngayon sa UAE. A fraction lang ng kanilang total earnings annually ay galing sa oil.

But It will come to pass, wayback 1997 i think is worse than this year.
I think in 1997 if i remember umabot pa sa less than 10 USD a barrel ang langis. But all GCC countries survived and cameback with a bang like UAE.

[gelahascue]

Ang Saudi Arabia ba hindi affected nitong economic crisis? may possibility ba na matulad sila sa Dubai?

[Ventoy]

Mukhang malabong manyari matulad sa Dubai ang Saudi kasi mas marami silang industries di gaya Dubai

[gelahascue]

Mukhang malabong manyari matulad sa Dubai ang Saudi kasi mas marami silang industries di gaya Dubai

sabagay tama ka diyan.

[scharnhorst]

daming auto na iniwan lang sa dubai... Baka even with the taxes pag pinasok dito, maganda parin yung presyo