Rational Exuberance: Indians Invest Big In The Gulf

re rf786

``Dubai has always been home to Indian businesmen many who have become citizens of UAE....``

The harsh reality is that U.A.E`s government never gave citizenship to any other nationality and that`s the reason why Chutaram- a supermarket chain which was believed to be the greatest contributer since the time of U.A.E independence filled a case against U.A.E`s government as they demanded citizenship. But no response was made from the government.

The reason why many indians invest in Dubai is only because U.A.E`s government need no records on persons background, they basically don`t care whether the money is black or white, all they care is that the money should be invested in their country. And that`s the reason why people like Dawud Ibrahim and other indian mafia live and invest money in gulf as no one questions them.

Re: # 27-nopes..wots so great with him..??

Boom town

The fastest-growing city on earth, Dubai is spending mind-boggling sums on construction and is about to swallow up P&O in its bid to be a global maritime power. Given the scale of its ambition, could it become the most important place on the planet? Adam Nicolson reports from `Mushroom City`

kaptain: have you seen field marshall romair anywhere??

Re: # 25-these are signs of curtaining the capability of a promising nation - IF ALLOWED TO..!!! Lord Knows when these Mullahs would return to the Masjids..when these politicians give up their property in foreign countries received as a gift in return of the bloodshed..violence..(the list by Colonel)..the politicians..wait impatiently for the HADDI..everytime..

The royal DOGS in London..Jeddah..and Dubai..(calling themselves yet again the sympathisers..)..all were passionately rewarded for the list..

AhmadMadni
In your opinion strikes, bloodshed, lawlessness, corruption, pollution, nepotism, bigotry, polarisation, violence, intolerance all are signs of a thriving and vibrant nation!

I am just speechless. I only hope there arent many nuts who share your views.

Indians and Dubai businessmen have been trading with each other much before the oil boom. Those traditional relationships are now evolving from simple dhows to high rise buildings. Dubai has always been home to Indian businesmen many who have become citizens of UAE.

Story of Dubai can be compared to a dream or a vision, either you believe in it and invest or simply walk away thinking its nothing but a bubble. Credit must go to Sh Mohammed, he has transformed this very tribal society into a modern business hub, home to millions, multi-cultured, tolerant and in many ways offering equal opportunities. Having said that, there remains some serious concerns on the sustainability of this juggernaught. Probably the biggest worry is related to legal matters, even today property rights are vague and suspect. Consumer protection has yet to be formalized, ethical practices intrade are lacking and insider trading on the local stock market is acceptable behavior.

Dubai bonanza conti nues, high oil prices have helped and this story may have a few more legs before its decides to rest.

Re: # 20
[....The only India hater is Pakistan...]

they have Bangladesh for company...

Re: # 14

Mr. colonel what you think as bad omens is really sign of thriving nation who is young and energetic compared to India. So there is more hope and actvisim on part of awam than India where only communists and muslims had to show understanding of situation and they protested aginst blasphamous things and selling of India to Mr. Bush cheaply. As i said befoe parliment of USA is not going pass that into law as China and pakistan and peace and nonprolification lobbies are on offensive.

Re: # 19

Why you have reservations about Dubai investing ?
Will Indian companies put money in big G if they are applied same rules. Karachi was also small but developed in Mega City. G is also going to grow in Mega city in few years. It has all requirements needed to happen like that. In G already the cost of land is skyrocketing compared to say five years. % wise it has rose than most hot market for land in world ie Karachi. Once Railway with 2 broad guage line is done lots of Ships instead of Going to Karachi will be going to G. In karachi and Port Kassim it takes time for ships to clear cargo but here it will be done very fast. Initially the rates will be small. Presently all imported goods to Afghan come to Karachi and there is delay. Big G will solve that problem and also it will serve central asia and there will be fierce competition between Iran`s Chah bahar port and G will be clear winner. Iranians are worried about that so they and India building road to Afghan through IRAN. Also USA is going to be there in central asia and Afghanistan for decades ( at least 30 years) they need port to support peace and antiterror forces.
The biggest user will be China export Limited through big G. As her goods will be shipped and will be saving lots of time rather than circular big journey. This is going to give big boost to ship building in that area. Also G will be HQ of Pakistan Navy than Karachi in future as its more away from India which is advantage compared to Karachi.
Anyway you people can bad wish big G but G will most success, check after 20 years will be ``Rotterdam`` of Indian subcontinent, I hope I can see that.
Just now like Kandla port of India handle more bulk and liquids than bombay port same way G will surpass Karachi .
Good luck to all bad wishers of G.

Bechara Pakistanis!! I feel sorry for them. The US loves India, EU loves India, the Gulf countries love India, Afghanistan loves India, even China loves India. Tch Tch!! The only India hater is Pakistan.

Now Pakistan has no choice but to just give up and accept India as the regional boss of South Asia.

Friends, a few comments :

1. Dubai is not dependant on NRI money. There is money flowing into Dubai from all over the world, starting with the rich Middle East countries, and every Tom, Dick and Harry. Or should I say Taala, Daoud and Hasheem ?

2. However, Dubai welcomes money from anyone in the entire world who will put money into Dubai. NRIs are welcome, too.

3. India cannot be bothered about whether NRIs take money out of India and put it in Dubai. NRIs today are truly ``Non Required Indians``. The Indian economy is marching ahead at 8 % a year. NRIs don`t matter to India any more. In fact, India matters to NRIs, which is why NRIs are rerturning to India.

4. No matter how much money NRIs invest in Dubai, they will never have any say in the running of Dubai. Nor will NRIs ever become Citizens of Dubai. That applies to any other Middle East country.

As one Interact stated, the whole thing is totally commercial.

NRIs will invest where they think they will get the best return, with good safety.

Dubai seems to be a good bet (I have some reservations, though !).

So let Market Forces Play.

NRIs are no fools.

India is not bothered where NRIs invest.

So where is the problem ?

You’ve got to remember that Tony Blair isn’t the worlds best at making himself clear, all those hanging phrases, unfinished sentences, missing verbs etc. I can never understand what he’s saying, anyway.

And God’s not getting any younger, he’s been around a while and his hearing won’t be what it once was and he’s got a lot on his mind..

Tony was having a chat with God about what to do with Iraq and all these Weapons of Mass Destruction and how all the events were having knock-on effects with the family, the wife, the kids and so-on.

God was of course bored rigid with Tony blethering on and was only half listening, so when Tony mentioned the family and weapons of mass destruction, God only heard some of it and thought Tony had said something about Maths Deductions and assumed that Tony was asking about Ewan’s homework, or something (they’d been discussing education the week before). When Tony then mentioned Iraq, God was getting even more bored, so he said “Oh, bugger Iraq”.

So Tony did.

Blair: `God` my judge on Iraq

colonel: `` pray to big big G , to put some sense in the leaders and people of this pshychotic nation.``

Aameeeen!!

#13..And i thought ``??`` and ``???`` were the sole domain of islamist apologists!!
Sanjayji!
Calm down...this article is posted just to keep the cauldron boiling..
otherwise it is a ``pointless`` article as pointed out by someone here earlier.
The americans are investing ``abroad`` ie in India / China...so does that mean we start tomtoming ``flight of capital out of america to china india?``...
remember the economic crisis a few years back? what comes easily in CAN go easily out!
And no one invests unless they can ``plough back`` the profits...and that is mostly repatriated!
So if anyone is trying to get vicarous satisfaction that ``dubai is bleeding india dry`` etc..
let them have their pipe dream!!
I always call that a ``head in sand `` attittude.
Plenty of that in our either neighbourhoods!
jayen

Re: # 12
Strikes / Rallies Paralyze Rawalpindi city ,
Strike, demonstrations in Sindh towns; Protest against blasphemous cartoons,
Strike, demonstrations in Sindh towns; Protest against blasphemous cartoons,
Punjab remains vocal yet peaceful,
Strike in Quetta, other towns of Balochistan,
MMA to observe ‘black day’ today,
Opposition to boycott Bush dinner
Gas pipeline to Uch plant damaged in fighting
Shops near police post robbed,
2 girls die in grenade attack-Quetta
Two labourers electrocuted,
Schoolgirl, boy die in Bara firing,

Few of the headlines for today.
the fact is that no foreigne investor in his right mind is even ready to take the risk to travel to pakistan; let alone dare to establish any trade links.

Ahmedmadani, wake up from your dream; and pray to big big G , to put some sense in the leaders and people of this pshychotic nation.
















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Indians/ Indian companies are also investing in China, USA, Europe, East Asia etc. What is the news if they are also investing in Mid-east.

Regarding remmitances of NRIs from the Gulf/Elsewhere, India has a solid FE Reserves of 145 Billion Dollars and RBI is reluctant to add more to it. India is growing at 8% and more growth will put extra social and other developmental pressure on the country. So the extra dollars lying with Indians living anywhere are to be invested elsewhere only. If NRIs are getting better returns of their Dollars in places other than India ,let them do it because the additional earnings ultimately will be our gain.

So whats your problem?? Is there any??

Re: # 11

Also University collegees and schools and also great military naval station keeping watch on all traffic and policing against terror type people. Also combined naval station for Pakistan and china navy, may be home port for pakistani aircraft carrier policing gulf areas against terror people. Also as B.Stan is full of natural resources specially gas so lots of fertilizer and amonia and urea and oyther fertilizers and using unending coal deposits of Sindh and producing electricity and selling to Iran and central asia.Also HQ for computers and outsourcing for Europe and Japan and USA. G can be 10 times better than Dubai when things develop

there is better place coming / coming up named big ``G``. port. It is planned as Dubai but additional things which Dubai can not have. Lots of land and fair weather and it will be great port city parraell to London city or Newyork Harbour. Great amount of trade taking place. Big ships bringing Black liquid gold and returning with value added high speed disel and petrol to USA, England and Japan etc. This will geat exit for china goods to Europe and africa. Great refinary town and near by in sea pumping 1 million barrels of oil from deep sea oil.0 to 100 story buildings andn worlds largest refinery town in world. Also biotech tech center and great center for europe and middle east people health center. Millions of Medical tourist. Pull you teeths or reapir or replace heart or Kidney and have nice time watching great Arabian sea. Big G is doing to be great tourist medical centre. with great desalination plant no water shortage. A place every body wjo is somethings wabnts to have big flat. Pakistan is on move with great MO ( momentum)
Big ``g`` will surpass Dubai in nest 20 years.

I have a few comments.

Dubai is booming mainly due to its Ruler, Sh Mohammed, who runs Dubai Inc like a CEO. He takes huge risks and makes them pay off. He has three people who execute the projects for him, and he keeps them constantly in competition with one another.

Since the early 90s people have been talking about the bursting of the Dubai bubble. That has not happened, and does not seem likely to happen.

Re ownership of real estate by foreigners. The law (allowing free-hold owenership of property by foreigners) has yet to be promulgated, but this is expected to happen shortly.

A word of caution. At prersent there are about 175,000 residential units (flats, villas etc) in Dubai. Another 150,000 units will be completed by 2007. Nobody has a clear answer as to who is going to live in these new units. Premiums on properties have slumped hugely in the last six months, and a shake-out of the market seems likely.

inormative article. one question - i thought dubai now offers permanent residence visas if you invest there. at least that is what i recall hearing from someone last year who bought a house in dubai and moved from the US to dubai. at that time, he said house prices were the same as in islamabad - and no doubt they will be booming next few years. also 16% of the world`s construction cranes being in dubai seems too high a figure. construction is booming in a lot of places - shanghai e.g..

I am not opposed to NRI investing in UK or USA. But why would anyone want to invest in countries where they have no political stakes in the long run ? Maybe the GCC states would grant more political rights to expatriates ?

we have seen this behaviour here in the UK as well. Most of the second and third generation British Indians have started investing in the UK itself in terms, which makes sense, as and how you start cutting the ties to the motherland, this will happen.

More importantly, there is nothing god given that you have to invest in your motherland, you go where the returns are highest, if dubai is giving it, then by all means, go right ahead.

Re: # 5: Ofcourse I will protest...as long as it includes a cross section of humanity, not some chutiyas who are pissed that the world is whizing by while they can`t seem to get any direction from their Prophets, be it mohammed, Krishna, or Marx and Engles.

Re: # 4

I m sure you will protest then too :)

Re: # 3: right after you organize a million man march in lucknow parthaab.

Dubai is well known as a `tolerant` autocracy. When will the Sauds open up their kingdom to their own and outside worlds?

This is all good. Ultimately, as a result, gulf region will come under strong indian cultural and economic influence. With that will come a more balanced and secular approach to the world, not this obsession with religion and islam.

What is the problem exactly?

What would be interesting is for Indian companies to issue GDR`s on the DIFX, ADR`s on NYSE and list in India, imagine the interesting arb opportunities available.