I finished the story?

Looked as if it were removed from the Thousand and One Nights „- fabulously sleek and detached from reality?. But Emirates is failing – the queen is about to be transformed into Cinderella. Is this the end?

Years emirate was the first stop in the Gulf region. Shiny skyscrapers and ambitious plan to achieve independence through oil deals provoke in the old industrial countries, at least respect or admiration. But now all has become clear that Dubai had to shoulder too heavy tasks. Ratfelder Ulrich, an expert on the Persian Gulf, said:
Bildunterschrift: Großansicht des Bildes mit der Bildunterschrift: In Dubai, is the highest skyscraper in the world – with 200 floors and 818 meters height
Gigantomaniyata costly
„Of course it was very prestigious projects. Dubai still holds the biggest airport in the region and the largest port. Emirate same time wanted to keep up with everything from the world of sport and culture, and to become a leading center in the region through its buildings. The construction of so many luxury objects emirate excessive load and now they have to be reassessed. “
Be evaluated again means that the fraternal Emirates will not help too strongly indebted state fund Dubai World. So far they have actually done it repeatedly. Dubai is part of the United Arab Emirates and their central bank as early as the summer drew billion loan account. But now talk of consolidation of debts. Ie Dubai World has to negotiate with their creditors for payment of overrun.
Germany’s strapped on Dubai Exchange client appears in a moment of hope. Recent estimates are good until the end of the year rates will remain stable. Some traders look to make a major Arab investors shares of companies in Germany. Udo Shtefens, president of the Frankfurt Business School, however, does not believe that now because of problems of Dubai such shares will be offered for sale:
Dubai will not shook the world
„Arab Emirates are investing in large, predominantly automotive concerns. I think they will first try to find another solution before you dare to sell its shares in Daimler, Porsche, etc.“
According to Udo Shtefens crisis in Dubai will not cause any shock wave in the other countries of the Persian Gulf. Situation there shows that the global economic crisis can be overcome so easily, as was prophesied in recent weeks. And yet – the Gulf crisis will not lead to a new earthquake in the world, experts are convinced.

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H. Bursa, M. Ilcheva, Deutsche Welle

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