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January 20, 2009

Abandoned Cars in Dubai...

Last night, I was chatting with my friend who is based in Dubai. One of the things we talked about is how the global financial crisis is affecting Dubai and Qatar and their residents. I was shocked when she told me that there were hundreds of abandoned cars in the parking lot of Dubai International Airport. I cannot confirm the estimated number of abandoned cars because news articles are giving different figures from less than 100 to as much as 3,000. It appears that the owners left Dubai after losing jobs and unable to repay loans. She said the banks have stopped giving car loans. This says a lot about the real situation in Dubai and frankly, it's quite alarming!

So far, how is the global financial crisis affecting you?

3 comments:

reyna elena said...

Patience. I'm sure we'll all find a job. If you could just send one of those cars in balikbayan boxes.

Heart of Rachel said...

That's quite alarming. I do hope that the worldwide economy can overcome the financial challenges.

deepasion said...

hi, Nina! there have been retrenchment and pay cuts here in SG... =/