twoblacklines

I keep looking at loads of pics of supercars and whatnot in Dubai.

But I keep wondering...when the oil runs out so will the money, other than oil Dubai doesnt have any industry does it ?

In which case, what is going to happen ?

We have seen what Arabs in iraq, syria etc are capable of in a poverty stricken environment, ransom, kidnaps etc.

Is Dubai going to be one of the shitholes of the world in a few years when the cashflow runs out?

Theres is apparently a seedy underbelly in UAE, lots of slave workers for the construction programs. There also appears to be lots of tall buildings that have been abandoned.

I really do worry for them!

Darylc.

iTrader: (1)

serves them right for convicting a british woman for pre-marital sex after she got raped.

danneth

Dont worry for them there not daft, why do you think they have plooughed all there money into building

twoblacklines

So that the USA can invade them when the USA runs out of land ?

Pete frst

there be proper fucked when the oil runs out,lets face it whats there?sand and more bleedin sand,the only people who appreciate it are leather faced wrinkly old bints who had a stay in a seven star hotel,when the oils gone their be back to trading in camels....mark my words,third world country,gippos with a tan who struck lucky with some liquid gold............just my opinion tho

ben_frst

yep as said there investing to try and make dubai the capital of the world with alot of luxury buildings ect and the truth is when the oil runs out we'll drop them like a stone and serves them right

1.9 xr2 on 40's

with all that cash they can buy the left over companies of england after the french german and spanish buy what they like and run on those

j6kyt

we will all end up back on steam engines, greasing them with lard.

collierm

Just to clarify, Dubai has no oil. All the oil is controlled by the other Emirate, Abu Dhabi. Dubai has always based its economy on Finance and Tourism, and it's been largely successful. The massive growth it has done over the last 15 years has helped them, but its also been their downside as they never knew when to stop and the debts carried on climbing to the point at which we all know what happened to Dubai World and Nakheel (skint, basically).

What I will say though, it will never last as it is. The laws are too biased towards the locals and its still in essence a closed society. Having lived their on and off over the last 20 years and my folks still being there, I haven't seen the big changes in community that you would expect with a rapidly expanding society. Until the locals attitude changes, nothing will really get better for everyone.

Look at all the crap going on at the moment with regards to harsh laws and Brits being jailed and deported. Now, I'm all for respecting laws, but that is just backward ignorant behaviour, and in my opinion some of it is down to their culture and religion.

Cheers

Matt

danfisher

I'm sure with the amount of cash and collateral they have they'll still be making bucks with investment banking etc