[QUOTE=Headhumpy;47690325]Dubai is not, never was, and will never be built on oil money. Their economy relies largely on trade and finance. Oil accounts for just 5% of its GDP.[/QUOTE]
I think he meant UAE but simply called it Dubai
[QUOTE=Headhumpy;47690325]Dubai is not, never was, and will never be built on oil money. Their economy relies largely on trade and finance. Oil accounts for just 5% of its GDP.[/QUOTE]
It's beside the point.
[QUOTE=ColdWave;47687460]Can we please rebuild the Hanging Gardens after this?[/QUOTE]
sure except they'd most likely be bulldozed by isis anyways
[QUOTE=Headhumpy;47690325]Dubai is not, never was, and will never be built on oil money. Their economy relies largely on trade and finance. Oil accounts for just 5% of its GDP.[/QUOTE]
How come their neighbours had to bail them out a few years ago with oil money then?
Also if you mean trade I have bad news for you:
[img_thumb]http://upload.wikimedia.org/wikipedia/commons/0/0c/United_Arab_Emirates_Export_Treemap.png[/img_thumb]
When the oil runs out, the UAE and Dubai are going to be in real trouble (much of their real estate market crashed in 2008-2009).
[QUOTE=Deng;47691337]How come their neighbours had to bail them out a few years ago with oil money then?
Also if you mean trade I have bad news for you:
[img_thumb]http://upload.wikimedia.org/wikipedia/commons/0/0c/United_Arab_Emirates_Export_Treemap.png[/img_thumb]
When the oil runs out, the UAE and Dubai are going to be in real trouble (much of their real estate market crashed in 2008-2009).[/QUOTE]
That's for the UAE in general, I'm talking about Dubai specifically. Their economy is sustained primarily by financial services, construction, real estate and tourism now, which is why they are especially sensitive to changes in the world economy.
I don't care whether or not Dubai runs out of money, I'm not particularly bothered either ways, so I'm not sure what you're getting at here.
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