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bschmidt wrote:

sage & onion wrote:Not so much of that in Dubai Deniz, Dubai is about Trade & Business and the courage to go forward with your vision.

LOL!

Without oil Dubai would still be a fisher- and pearl-diver-village
Of course there is courage and vision now, but the source of all that wealth is oil and maybe also gas.

Can you tell me where the Oil is in Dubai?

bschmidt wrote:

sage & onion wrote:Not so much of that in Dubai Deniz, Dubai is about Trade & Business and the courage to go forward with your vision.

LOL!

Without oil Dubai would still be a fisher- and pearl-diver-village
Of course there is courage and vision now, but the source of all that wealth is oil and maybe also gas.

O rly? i though the source of wealth was to stare at the sky for hours lol

bschmidt wrote:

sage & onion wrote:Not so much of that in Dubai Deniz, Dubai is about Trade & Business and the courage to go forward with your vision.

LOL!

Without oil Dubai would still be a fisher- and pearl-diver-village
Of course there is courage and vision now, but the source of all that wealth is oil and maybe also gas.

moron

To second Sge&... and regarding:
"Without oil Dubai would still be a fisher- and pearl-diver-village
Of course there is courage and vision now, but the source of all that wealth is oil and maybe also gas.''

Dubai has never had much oil, but in the last 15 years the income of it is around 10 to 15% from the budget , if not less
In my opinion the main force behind the growth is the ADVERTISING

Francheska wrote:To second Sge&... and regarding:
"Without oil Dubai would still be a fisher- and pearl-diver-village
Of course there is courage and vision now, but the source of all that wealth is oil and maybe also gas.''

Dubai has never had much oil, but in the last 15 years the income of it is around 10 to 15% from the budget , if not less
In my opinion the main force behind the growth is the ADVERTISING

I think you will find the figures are less. Trading has been Dubai's main income for decades and now we have the property boom, but trading is still the major player. Simple Import / Export trading. Advertising has come to the front last couple of years, but it is domestic advertising.

bushra21 wrote:moron

I'm really feeling sorry for you and for your lack of education.
Is that the reason why insulting people is your way of discussing?

sage & onion wrote:Can you tell me where the Oil is in Dubai?

Underneath earth's surface maybe?

Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living.

Dubai: In the 1960's, with the discovery of oil, money started to pour in and Dubai's prominence and prosperity increased.

But aware of the risks of oil-dependency, Dubai actively promoted new industrial ventures.

Source: http://www.mubadala.ae/en/content/about_uae.asp

I said northing else than the things quoted above, so I really don't see the reason for insulting me.

Maybe I didn't express my self properly.
Advertisement (worldwide) and promotions are behind the worldwide popularity of Dubai in the last 10-12 years. The Government strategy is to attract foreign investments: DSF, FZs, Freehold etc.
Remember the Dubai Ports deal and all the noise around it??
Or the Trafalgar Squaere?
Or Burj Al Arab and now Burj Dubai??
The Palms?
....big subject...

bschmidt wrote:

sage & onion wrote:Can you tell me where the Oil is in Dubai?

Underneath earth's surface maybe?

Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living.

Dubai: In the 1960's, with the discovery of oil, money started to pour in and Dubai's prominence and prosperity increased.

But aware of the risks of oil-dependency, Dubai actively promoted new industrial ventures.

Source: http://www.mubadala.ae/en/content/about_uae.asp

I said northing else than the things quoted above, so I really don't see the reason for insulting me.

Firstly, I didn't insult you, please check the thread.

Secondly, it is a well known fact that Dubai has very little Oil, the majority of the UAE's oil wealth is in the Emirate of Abu Dhabi.

^ i think the oil is about 85% from AD...the rest is shared btw DXB and SHJ

sage & onion wrote:Firstly, I didn't insult you, please check the thread.

Yup... sorry.. I know it wasn't you...

Secondly, it is a well known fact that Dubai has very little Oil, the majority of the UAE's oil wealth is in the Emirate of Abu Dhabi.

Yup... that IS a well known fact.
What I wanted to express, is that oil was the stuff that got everything started, and not only in Abu Dhabi. I really doubt that Dubai would look like it does today if there wasn't any oil.
I think oil was the starter for everything.. and the money which was earnt was spent wisely to build up an economy which is not dependent on oil.

bschmidt wrote:

sage & onion wrote:Firstly, I didn't insult you, please check the thread.

Yup... sorry.. I know it wasn't you...

Secondly, it is a well known fact that Dubai has very little Oil, the majority of the UAE's oil wealth is in the Emirate of Abu Dhabi.

Yup... that IS a well known fact.
What I wanted to express, is that oil was the stuff that got everything started, and not only in Abu Dhabi. I really doubt that Dubai would look like it does today if there wasn't any oil.
I think oil was the starter for everything.. and the money which was earnt was spent wisely to build up an economy which is not dependent on oil.

Considering that Dubai has 100's of years experience in trading I disagree, you may also not be aware that they have one of the largest Dry Docking facilities in the world, operational since 1978. And one of the largest Aluminium Smelters (Soon to be the largest) in the world. Jebel Ali Port sees an incredible amount of cargo in and out of the Emirate.

Check out the 'UAE Handbook', available in any bookstore. Published annually by the Governement and includes all information about where and what the main income of the UAE is.

Abu Dhabi and Ras Al Khiamah are actually the only 2 Emirates to actively drill for and refine oil. Dubai has a limited amount of gas, as does Sharjah and Ajman, but the wealth is distributed evenly between the Emirates, which is why the country is an alliance of families.

When the UAE was founded in 1971, having been previously a British protectorate called the Trucial States, HE Sheikh Zayed pulled together the various tribes and offered them the chance to form an alliance and thereby a stronger bargaining position on the international market. Initially, Abu Dhabi, Dubai, Sharjah and Umm Al Quwain were the only members, however Ajman, Ras Al Khaimah (due to the family links with Sharjah) and Fujeirah joined in 1972. Some other families decided to ally themselves with Sultan Qaboos of Oman, hence the reason there are small pockets of Omani territory within the UAE such as Masafi, Buraimi and the Mussandam Peninisula.

To state that Dubai has built its wealth on oil alone is a flasehood. Yes, there is oil investment in Dubai from the Al Nayhan family in Abu Dhabi, but the majority of the wealth was and is from trading as S&O correctly points out. Today, the largest investment income is in real estate and tourism.



Knight

But before the recent boom of few years and before 1994, Dubai was unknown name worldwide. Nothing remarkable was here to comment - town as every other one with ordinary business activities.

sage & onion wrote:

Galactico wrote:thats a massive difference

It is, however I think they got the date wrong, I think early 80's is more like.

Yup, I remember that at least one or two of the interchanges were already built by 1992 and there were more buildings, so yeah, the date is wrong... But still, a massive change in about 20 or so years!!

Francheska wrote:But before the recent boom of few years and before 1994, Dubai was unknown name worldwide. Nothing remarkable was here to comment - town as every other one with ordinary business activities.

the good old days when we could really go out instead of being trapped in our houses fearing to b stuck in traffic