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That'll get a smile
Posted by: Mikey | January 28, 2008 at 11:05 PM
Hi, Nice picture of the cranes. Dubai is a beautiful city but it is a bit surreal. I'm surprised that you, a conservative, would criticize what amounts to a very dynamic, very strong economy. Yes, the UAE is an "Arab" state but all the workers are European, Asian, and North American. There are over 30,000 Americans living and working on Dubai (mostly in contruction). So, on a more positive note those "crazy arabs", as you call them, are providing very good jobs to some very needy Americans.
Posted by: David Bradley | March 09, 2008 at 07:22 AM
Interestingly, Dubai only makes 7% of their GNP from oil and gas (and the UAE overall only 40%)
The big economic boom in Dubai came when they and the Bush administration worked out "American Zones" where US companies could set up shop and pay no taxes to either the UAE or the US. Halliburton, for example, is now co-headquartered out of one of these zones in Dubai.
So, it isn't oil paying for all those cranes, it's the money that Bush donor companies have now that they are no longer obligated to pay for their own country.
Posted by: Mike in Seattle | April 01, 2008 at 10:25 AM
Great information, Thank You for sharing..........
Thanks
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Posted by: surefire flashlights | August 19, 2008 at 05:18 PM
Dubai is living on borrowed money....money it has failed to pay back on time.
This is the public Dubai the real Dubai is a harsh reality check.
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I guess they are preparing for the time when their oil money runs out. They don't have any other business aside from their oil, so they should prepare.
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