11-30-2009, 06:00 AM
I am residing in Dubai, and the news of the debt of dubai is not new, its been around since may be about 6 months or so. But I am not sure as to why the issue was raised in such a manner in the media and blown out of proportion.
I some how feel its kind of propognada against dubai, and ironocally I am also very much surprised to see the dubai govt sitting mum on this entire episode. ofcourse as every where else in the world the recession has had its effects on dubai as well, with many losing their jobs(I feel sorry for them).
But as a whole dubai is recovering slowly but steadily. The first quarter of 2010 should definately see dubai moving towards better days.
I some how feel its kind of propognada against dubai, and ironocally I am also very much surprised to see the dubai govt sitting mum on this entire episode. ofcourse as every where else in the world the recession has had its effects on dubai as well, with many losing their jobs(I feel sorry for them).
But as a whole dubai is recovering slowly but steadily. The first quarter of 2010 should definately see dubai moving towards better days.
"Be like a postage stamp. Stick to one thing until you get there."