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Sunday, November 29, 2009

Awww..... Guess who the big losers are in Dubai

Guess who the big losers are in Dubai? Yes, you guessed it. The 'Palestinians.'
Arab financial analysts said the crisis in the Gulf states, compounded by debts and falling oil prices, will affect the economy in the Palestinian Territories, where many families depend on money from relatives working in Dubai, primarily in construction.

Other Palestinians work as engineers, instructors and in technology-related professions in Dubai. Some have started construction businesses there, such as Arab-Tech, which was among the country's first victims of the financial crisis.

This recession resulted in the cancelation of building contracts and projects and sent the industry into a freeze, prompting many Palestinians to leave Dubai for neighboring Qatar - which last month injected $6 billion in fresh capital into its banking system to "restore confidence" in its own economy - and in Saudi Arabia. Some have returned to the West Bank.
Maybe if the 'Palestinians' don't have it so good, they'll consider compromising on some of their demands.

Nah, perish the thought.


At 11:18 AM, Blogger NormanF said...

Incidentally, Israel is unaffected by Dubai's economic tailspin to due to the Arab boycott of the Jewish State.


At 8:26 PM, Blogger NormanF said...

Are there Jews in Kuwait? You might think not until you read this story. In Islam, religious identity is given through the father and that's the case in biblical Judaism where identity is affirmed through the father,(every Torah passage refers to the son of, etc) a position also taken by now nearly extinct Karaites. But rabbinical Judaism says Jewish identity is transmitted through the mother. And this is where one man's journey to his Jewish roots makes for riveting reading:

The Jew From Kuwait

G-d brings back the lost Children Of Israel back into the fold. Read it all.


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