03-18-2009, 12:55 AM
Dear Respected Members,
I personally learn a lot from the opinion and thoughtful notes raised by the members especially Toronto_Boy , CFAnerd and Kamran.
The high standard of material in these posts are very well appreciated but what I request is to do not put any comment or para in your notes that based on assumption. Quality of the posts are effected with these and then it is not possible to refer it in core think tank meetings.
Simply for example in Toronto_Boy last post he wrote "due to outflow of large masses of population". This is not valid till now majority is still intact and there is no report of single way purchase of tickets or departure in masses. Further no. of cancellation of visas also do not depict such trend.
Although it is all in the air that the masses will exit after the completion of current academic year on June 28.
Further the exports are almost dead for Europe and USA especially in household sector but still the construction related exports are not effected in any cargo sector.
About Mr. Kamran last post"there had been no development of sustainable infrastructure, main industries, downstream supporting industries and cottage industries"
Every thing is there may be not many in numbers but sufficient in relation to the population or requirement.
I request the members to comment on these points
Constructions are in hold. Lay-offs in construction sector- Sharjah/Dubai only.
Banks are reluctant to provide consumer financing to construction personnel. Lay-offs in consumer departments of banks
Trading routed to Europe / USA are in hold , whereas tourism from these parts of the world are also minimal.
Due to hold of construction in dubai , related industries also showing negative growth.
People generally are in fear due to rumors , people plan to send their families back is due to fear that IF IF they loses the job they would get time to settle again in UAE.
But positive points are
Abu Dhabi is not effected. whereas Ras Al Khiaimah / Al Ain on the same pattern of Abu Dhabi.
Visitors are less from USA / UK but tourism increases from India China and gulf.
Property prices are going down but still there is only loss of profits.
Other industrial sectors are not effected at all.
Due to invasion of Russia over Georgia Ras Al khiamah suffered losses but manage to equalize it.
Apparently it looks like the Obama administration has made some slight changes over Iran issue and the geographic importance of UAE may not remain as important as before but still due to $peg UAE will remain on the priority list.
Till now the security and general environment is safe for individuals and no report of major dis-orders from any side.
Best Regards
I personally learn a lot from the opinion and thoughtful notes raised by the members especially Toronto_Boy , CFAnerd and Kamran.
The high standard of material in these posts are very well appreciated but what I request is to do not put any comment or para in your notes that based on assumption. Quality of the posts are effected with these and then it is not possible to refer it in core think tank meetings.
Simply for example in Toronto_Boy last post he wrote "due to outflow of large masses of population". This is not valid till now majority is still intact and there is no report of single way purchase of tickets or departure in masses. Further no. of cancellation of visas also do not depict such trend.
Although it is all in the air that the masses will exit after the completion of current academic year on June 28.
Further the exports are almost dead for Europe and USA especially in household sector but still the construction related exports are not effected in any cargo sector.
About Mr. Kamran last post"there had been no development of sustainable infrastructure, main industries, downstream supporting industries and cottage industries"
Every thing is there may be not many in numbers but sufficient in relation to the population or requirement.
I request the members to comment on these points
Constructions are in hold. Lay-offs in construction sector- Sharjah/Dubai only.
Banks are reluctant to provide consumer financing to construction personnel. Lay-offs in consumer departments of banks
Trading routed to Europe / USA are in hold , whereas tourism from these parts of the world are also minimal.
Due to hold of construction in dubai , related industries also showing negative growth.
People generally are in fear due to rumors , people plan to send their families back is due to fear that IF IF they loses the job they would get time to settle again in UAE.
But positive points are
Abu Dhabi is not effected. whereas Ras Al Khiaimah / Al Ain on the same pattern of Abu Dhabi.
Visitors are less from USA / UK but tourism increases from India China and gulf.
Property prices are going down but still there is only loss of profits.
Other industrial sectors are not effected at all.
Due to invasion of Russia over Georgia Ras Al khiamah suffered losses but manage to equalize it.
Apparently it looks like the Obama administration has made some slight changes over Iran issue and the geographic importance of UAE may not remain as important as before but still due to $peg UAE will remain on the priority list.
Till now the security and general environment is safe for individuals and no report of major dis-orders from any side.
Best Regards
