03-21-2009, 08:40 AM
Dear Respected Members,
We all respect each others and educated enough to understand the feeling of others. Cheers CFANnerd!
Firstly!
All my views and posts are only to provide some info in order to understand the economic situation of UAE in more realistic manner.
Secondly!
Some more info about current happenings in UAE.
-Dubai launches second Airline after Emirates . Dubai Air is the low cost carrier will start operation in mid 2009.
After declining in passengers of USA sector, Thailand Sector and Canada sector show growth . Thai sector has almost doubled during this period.
-Port operation for China increases drastically , ( it means consumption is increasing).
-Still the wait & see policy is ruling in Govt level.
-Ent. with weak financial position are out of the market or will be out in next two to three months, Survival are only for those who have good liquidity or play wisely.
- Salaries are adjusting especially in Dubai/ Sharjah, but no. of cancellation of visas are dropped, increase in change of visa position ( means workers are switching jobs and they are able to find jobs in the market)
I will try to arrange some economic results for first two months of 2009 with comparison of 2008.
Note CFANerd post March 18 2009 . ""Dubai has issued $10b to UAE to ease the liquidity crisis and the main reason behind it was "TO PAY OFF MULTI BILLION DEBT IT ACCUMULATED FOR EXPANSION PROJECTS". Interesting. ""
My comments Expansion Projects , Highway 611, Dubai Metro, Jabel Ali Airport , Green Dubai Project, Low Voltage Project and so on.....
Best Regards
SUMAIR ALAM
We all respect each others and educated enough to understand the feeling of others. Cheers CFANnerd!
Firstly!
All my views and posts are only to provide some info in order to understand the economic situation of UAE in more realistic manner.
Secondly!
Some more info about current happenings in UAE.
-Dubai launches second Airline after Emirates . Dubai Air is the low cost carrier will start operation in mid 2009.
After declining in passengers of USA sector, Thailand Sector and Canada sector show growth . Thai sector has almost doubled during this period.
-Port operation for China increases drastically , ( it means consumption is increasing).
-Still the wait & see policy is ruling in Govt level.
-Ent. with weak financial position are out of the market or will be out in next two to three months, Survival are only for those who have good liquidity or play wisely.
- Salaries are adjusting especially in Dubai/ Sharjah, but no. of cancellation of visas are dropped, increase in change of visa position ( means workers are switching jobs and they are able to find jobs in the market)
I will try to arrange some economic results for first two months of 2009 with comparison of 2008.
Note CFANerd post March 18 2009 . ""Dubai has issued $10b to UAE to ease the liquidity crisis and the main reason behind it was "TO PAY OFF MULTI BILLION DEBT IT ACCUMULATED FOR EXPANSION PROJECTS". Interesting. ""
My comments Expansion Projects , Highway 611, Dubai Metro, Jabel Ali Airport , Green Dubai Project, Low Voltage Project and so on.....
Best Regards
SUMAIR ALAM