Rational Exuberance: Indians Invest Big In The Gulf

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.

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?

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?

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.

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 ?

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 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.

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: # 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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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.

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??

#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