Thanks to Arab boycott, Dubai meltdown skips over Israelis

Lev Leviev was planning to open two large diamond stores in Dubai. (Adalah-NY: The Coalition for Justice in the Middle East "Is Dubai helping ethnic cleansing in Palestine?" by Khalid Amayreh) http://adalahny.org/index.php/press-coverage-2/190-dubai-ethnic-cleansing-palestine-leviev American business flocked to Dubai. If such American business is a loser in the Dubai melt down, knocking the American economy even further, how will that effect Israel? : )

My personal feelings because of Dubai the ME has not gone up in flames. Arab leaders have invested in Dubia and do not want to lose investment. How wil this failure effect the ME. Can anyone now stop Iran???

see, it's not nice to shut out the Jewish people...

If only western investors would consider the proposition that Islamic culture is based on elitism,mendacity and violence,they'll avoid getting their fingers burnt. THREE CHEERS FOR ISRAEL!!!

The main reason that Dubai took this hit is because the long term plan for the country was rushed too quickly. Too much outlay of capital before a steady cash flow was to be realized. As far as Israel's business relationship with Dubai as well as the other Arab emirates we can refer to this 2 ways: 1. See no evil - speak no evil 2. Don't ask ...don't tell Dubai is a country built on non-existing oil revenues except from their Abu Dhabi cousins...and on sand next to the sea. Dubai wants and needs Israeli expertise in water management. When Islamic countries finally accept Israel in the neighborhood...watch out...the whole Middle East will become a powerhouse of commercial property and economic spinoffs. But ONLY when Israel is accepted. The biggest shame is that the Palestinians have suffered for decades because they are on the front lines of the Islamic war against Israel. Had their attitude been more pragmatic they would be on the high road now.

Hence the reply to your posting. Pity was not mentioned.

So finally you appreciate what we are doing for you. Rest assured you will never have to suffer the consequences of any future economic meltdown in arab worlds for another few centuries, that's if neither you nor the Iranians bring down the house too soon.

unemployment will skyrocket.

I was trying to invest in Dubai and couldn't. I invested in USA and still took a big hit. This article has no value....

my shares dropped too, but will go up again, such is the nature of financial markets. The markets are driven by human emotion as much as anything, if you are handing out pity, pity the poor who have no stocks, just low paid construction work in a country where they have no rights..

Looks like they will have to close the indoor ski moutain and eat Camel dong for a while.

nr 1) indeed who cares... Whole Dubai is one place where people pay for an appartment which costs some ten thousands dollars on building cost, easely half a million dollar. Building projects which takes disadvantage of foreign workers. And makes more money on the "air" they sell then the actual buildings. All this Dubai is just not more then an oil-less little sandy place with a lot of over paid concrete buildings.

Typical Arab miscalculation so what,s new it,s part of their mentality ,however who,s now going to bail the state out ,try those Swiss banks holding billions of taxpayers dollars meant for Palestinian resettlement ,another embarrassment for these clowns ?

I care. Wealth doesn't exist in a vaccum, it affects many people in society, creating jobs. What makes you care enough to leave that nonsense comment?

I would not invest in any Arab country. The world is on the cusp of alternate energy sources, electric cars are coming and so many of the Arab states are already in debt. Better investments are to be had in just about any other area in the world.

Dubai's crash will affect Israel - albeit indirectly. Firstly, it is a bit of a hiccup or blip on the road to global recovery, as witness the effect on stock exchanges and companies with investments in Dubai. This in turn affects global exchange rates making Israeli exports more expensive overseas. Secondly, the money that might have been used to invest in Israel may well go towards companies that need to be bailed out as a result of the Dubai crash. Finally, Dubai's property market was seen as a bit of a bubble - might not the same be said of the Israeli market? Particularly if the Shekel strengthens, foreign buyers may well take fright.

If you put your money in your local Hapoalim, it could go anywhere as all the banks lend to each other so Hapoalim could lend Credit Suisse who lend Dubai bank. It was always going to crash, it grew too fast. Besides some of Dubai's investments are rubbish such as the purchase of manchester City football club. The Emirates airline grew too fast. Go figure how they could spary Emirates on every plane using Gold Dust and receive delivery of an A380 every three weeks and then claim to make a profit in the reccesion? Biggest Ponzi scheme ever.

finance tightens globally,business suffers globaly. The Australian Stock exchange has dropped as a result of this. Including superannuantion funds of the man in the street.

finance tightens globally,business suffers globaly. The Australian Stock exchange has dropped as a result of this. Including superannuantion funds of the man in the street.

so what if some billionaires lose a few hundred million? Israeli or not, this bubble was built with their insatiable greed.