Pretty interesting thread he posted that in by the time it wound down...
((be sure to read the article linked to in post 1 if that sort of thing interests you))
FUBAR...
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DislikedDubai has no oil.
They exhausted their reserves in 1992.
All developments revolve around tax free trading zone because it offers common market
to countries that have no bilateral trade due to their differences.Ignored
Disliked.. Just gone short at 1.4236, looking for a run down to 1.4139. Anyone else consider a short here?Ignored
Dislikedmate, if not sure ask then take a position and not the other way around.Ignored
Disliked.. Just gone short at 1.4236, looking for a run down to 1.4139. Anyone else consider a short here?Ignored
DislikedI've read that petrol only accounts for 1/16th of the GDP of UAE,
but doesn't the financial services sector, which contributes much more to the small nation's output,
depend heavily on the financial condition of it's surrounding neighbors, of which many are oil giants ?
What I mean is when Oil is flying high, regardless of Dubai's individual output (less than 1/4 mio. bbl/day),
this is a boon to their economy, by geographic association. And with the price well below those prior highs,
as adjusted to recent events, this has to be a huge drag,...Ignored
DislikedWorld trade goes down trasportation goes down, A380s fly empty, hotels at less than BE occupancy level.........Ignored
DislikedIn that case, forget what I said. I'm a total idiot. Here. Let's ask someone who
should know more about this. Allow me to introduce Mr. Abdul Aziz Al Ghurair,
the richest man in the UAE, who's family's est. net worth exceeds $8 billion USD.
"....Mr. Al Ghurair, what do you think about this. Are you worried about the oil market ? "Ignored
Dislikedman u are always on high...
good morning all...market shall touch pivot in 2 hours.Ignored
DislikedGood evening. I can't speak for anyone else, but I can't complain
How have you been doing?Ignored