14-02-2019, 06:58 AM
1
Arabs are skint
I remember reading last year that one of the Saudi princes looking at Saudi futures worked out that as the world turns away from oil that the kingdom will go bust and they will all end up as used camel salesmen ... so with this in mindAirbus says A380 superjumbo production will end http://www.bbc.co.uk/news/business-47231504
European aircraft manufacturer Airbus has said it will stop making its A380 "superjumbo", the world's largest passenger aircraft.
In a statement on Thursday, the firm said it would end deliveries of the aircraft in 2021.
The decision comes after Emirates, the largest customer of the A380, reduced its order.
Real estate values in Dubai fallen by a quarter in four years
https://mol.im/a/6699645
Property prices in Dubai fall by 25 per cent in four years after a slump in market
Stunted growth blamed on oversupply of luxury housing during boom years
Declining oil prices also cited as behind lack of demand for high-end property
Prices in world's tallest building, Burj Khalifa, fall from $1 million to $550,000
Property prices in Dubai have fallen by around a quarter in under four years, a new report reveals.
Possibly the Middle East has had its day ?
14-02-2019, 10:15 AM
4
Re: Arabs are skint
And whilst airbus throws a tantrum blaming brexit ... everything will be blamed on brexit for years to cover up companies mistakesWhy did the Airbus A380 fail? http://www.bbc.co.uk/news/business-47225789
14-02-2019, 04:07 PM
7
Re: Arabs are skint
Originally Posted by realspeed
->
people in dubai don't like the flintstone cartoons, but the people in abu dhabi do
14-02-2019, 04:11 PM
8
Re: Arabs are skint
Originally Posted by marmaduke
->
I remember reading last year that one of the Saudi princes looking at Saudi futures worked out that as the world turns away from oil that the kingdom will go bust and they will all end up as used camel salesmen ... so with this in mindPossibly the Middle East has had its day ?
14-02-2019, 04:56 PM
9
Re: Arabs are skint
We are a very long way from having a world that doesn't run on fossil fuels. The Arabs have tons of oil sitting in the ground.What they know however is that globally the climate warming issue is being accepted by most and that the Kyoto Agreements and others will impact what they are allowed to do.
Ultimately the world powers are going to put a ban on actually bringing the oil up out of the ground at all. It will be done as a planetary measure to ensure we reduce emissions and stop burning fossil fuels.
So they will be sat on great riches, but will be unable to monetise them because the oils will have to stay in the ground.
As a result they are pumping oil out as fast as they can now, before any such vetos come into play.
|
|
