Tuesday, November 24, 2009

Casualties of 2008 Tsunami - Iceland and.... Dubai!

今次金融海嘯,最傷應數冰島。
一年過後,餘患未消; 連麥記都要全面徹退!!
己發展國家之中,我估只有冰島才將會無麥記,Big Mac Index 點算好?
http://edition.cnn.com/2009/BUSINESS/10/27/iceland.mcdonalds/index.html

冰島出事較多人知,原來其次者,要數杜拜!!
它在UAE的獨立地位己成疑問...
http://www.bloomberg.com/apps/news?pid=20601109&sid=a.2e8IrtpImE&pos=12
http://www.reuters.com/article/reutersEdge/idUSTRE4AN4LG20081124

Home prices are down more than 50 percent from their peak in the third quarter of 2008, Deutsche Bank AG said on Nov. 5. Prices may drop as much as 30 percent more, UBS AG said Nov. 18.

Sheikh Mohammed in February turned to Abu Dhabi, holder of the world’s sixth-largest crude reserves, for a $10 billion bailout. The central bank, which has its headquarters in the country’s capital of Abu Dhabi, bought the entire bond issue.

Dubai is seeking an extra injection of $10 billion by the end of the year, Sheikh Ahmed bin Saeed Al-Maktoum, chairman of the emirate’s Supreme Fiscal Committee, said Nov. 16. The bond would get “majority government” participation, Mohammed Ali Alabbar, chairman of Emaar Properties PJSC and a member of the Dubai Executive Council, said Oct. 9.

The renewed financial lifeline comes as Dubai and its state-owned companies have to repay $15.8 billion of bonds and loans maturing this year, $9.2 billion in 2010, $19.8 billion in 2011 and $17.3 billion the following year, according to a Deutsche Bank AG report in August.

Dubai’s $80 billion debts are equivalent to 100 percent of the city-state’s 2008 gross domestic product and nine times its 2008 revenue, according to Moody’s.

No comments:

Post a Comment