Musings 'n scribblings of a philanthrope ..

A train of thoughts and writings on development, technology and the economy focusing on the socio-techno-economic-cultural surge of developing economies to regain and partake in leadership of the world. Written by George Easaw, member of the faculty of Business Administration of Allliance University, Bangalore, India. (This is purely an academic site, no commercial use is allowed. Photography rights lie with the respective organisations). Mention credits as needed.

Saturday, November 28, 2009

Is it the end of Dubai ??

The palm-shaped islands off Dubai are being built and developed by Nakheel Properties, a division of state-owned Dubai World.

An architectural rendering of the Burj once it is opened to public on Jan 4, 2010.

Dubai World and Nakheel Properties are asking for $60 b of their debts to be rescheduled with international banks like HSBC and Lloyds...

Are all these dreams which are going to vanish or is it trick being played by the Dubai ruling family ?

Time will tell. The higher you are, the harder will be the fall !!

ge..

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