Dubai’s Economy is melting like a Glacier in the Desert

https://moderndiplomacy.eu/2018/07/07/dubais-economy-is-melting-like-a-glacier-in-the-desert/

 

It’s not going to fail but they are attempting to industrialize , something the Saudis are too hard headed to do

 

Keyword.

 

And they seem to be setting the right building blocks for an industrialized nation. I know port management is one of those corner stones and they are top 3 port management in the world for some reason. They run ports from Turkey, the Middle East, and Africa. Of course they need to do a lot more than just run ports

 

Alhamdulillah, the western puppet regime is finally collapsing along with the sauds and sisi.

 

People are moving from uae as soon as they get the money to do so, they have raised their taxes so it makes it difficult for people to live.

 

Well lots of somalis are relocating to Turkey that I know of personally. And we are one of UAE biggest income business bringers

 

UAE haa burburto

 

May Allah help our Arab brothers.

 

They have rich pampered spoiled kids who get money for free and get top positions for nothing. They'll never accept to work in the industries.

The immigrants who would instead work there, take most of their money out of the country because they can easily be replaced and deported. So them saving instead of spending actually hurts the economy and stifles industrialization.

You need a large native population willing to work for industrialization to be effective.

 

They're definitely not our brothers.

 

They can industrialise however much they want but soon no one would want to work there.

South Asia will get it's shit together and the cheap labor tap will slow down.

Cadaans and Indoyar will find much better opportunities elsewhere as Emirates won't be able to afford the high rates they pay today.

Most the rich families will realize this ahead of time and smuggle their cash out the country.

Soon enough the place will fall down on itself and turn back into a desert.

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"The financial structure is connected to its economic structure in the strangest manner, a phenomenon not found in many cities of the world. The phenomenon of “I OWE YOU and will pay you later”."


Well....isnt AMERICA the same thing??? ALL the economic crushes historically are based on 'Credit" "overspend" and "Crush"????

As a a MUSLIM country, dubai should be ashamed of themselves. Its like reer baadiye Bedouins trying to compete with the Roman white people! NO! Stick to your camels and tents, u belong there!

 

Somalis and their neverending salt towards arabs.

 

The author clearly has a limited grasp of modern finance-based economics. "I owe you and will pay you later" is the bedrock of Western capitalism.

 

Yep "limited grasp" indeed!

 

@AussieHustler I had this turkish chick on tinder and she told me somali students in her uni are bad at school. Whatever that supposed to mean. And she told me somalis look weird. I told her dhiladii ku dhashay was and blocked her.

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