Beaucaire From Syria, joined Sep 2003, 5252 posts, RR: 23 Posted (7 years 1 month 3 weeks 3 days 16 hours ago) and read 3387 times:
Currently Dubai is experiencing a dramatic drop in liquidity,visitors and the real-estate boom has found a brutal stop,with prices plunging 50% in just three months.
While Dubai has been building sky-scrapers as if there would be no tomorrow,it's neighbour Abu Dhabi has remained relatively cautious. Abu Dhabi has a whopping 850billion $ in cash and has been asked to partly bail our Dubai.
Now the big question : will Etihad take a stake in EK and how big could that stake become ?
The massive orders of EK all of a sudden seem unreal in front of the sudden change of dynamic. Thousands of workers have been fired in Dubai and hundreds of abandoned cars have been found close to the airport ,left by those who had to leave in a hurry.
Gsosbee From United States of America, joined Jan 2005, 825 posts, RR: 0
Reply 2, posted (7 years 1 month 3 weeks 3 days 15 hours ago) and read 3195 times:
Abu Dhabi has all of the oil, but Maktum has the vision. In order to command power, the UAE actually only needs one major airline. However, I see two chances, slim and none and slim just left the building.