Hi Jamesliu
Apologies if i sounded a bit abrupt in my earlier post, i
was getting late, going out for dinner.
We are on the same team here.
Abu Dhabi, might rescue Dubai (I think the chances are slim)
I think it will just pick up some of Dubai's assets for cheap, in return for a rescue of any sort.
Abu Dhabi actually has a lot of oil, so enough back up.
Dubai has very little, so its in real trouble with the $$$.
Lets see how it pans out.
Dubai, to compensate for no oil revenue in the future, has been spending these crazy $$$, to create tourism and entice businesses to set up there.
Trying to create a tax free haven for businesses.
Its been doing very well, until now.
Same as us, when the 55 day interest free peiod is over, and its time to pay back mastercard & Visa.
Its just on a multi billion scale, love to see how pages the cr card statement is.
Do not think its going to really affect our shares at this stage, a hiccup maybe, unless its hyped up beyond proportion, then there will be a down trend every where.
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