Dubai council: reduce dependence on Iran, India

[BLACKEAGLE]

What Dubai actually does is re-exporting of goods to other countries, especially Iran.It means when Iran for example,starts importing goods directly to its harbors and its relations with other countries and west improved, Dubai will lose billions of revenues.That's indeed a 'super successful' and reliable economy.

I remember some members who unsurprisingly, live in Dubai, were saying Iranians in Dubai are nothing but some retailers who have no major wealth! But if you do a little research, you will know that Iranian and Indian businessmen actually made Dubai what it is today.And both communities are wealthiest among other nationalities living in Dubai.

I hope we soon stop importing goods from Dubai and import them directly, there is absolutely no logic to pay money for something not worthy and unnecessary.

Iran trade with UAE used to worth about $11 billion right before sanctions, but thereafter, UAE stopped all financial transfer to/from Iran and trade relations was reduced to the minimum. UAE economy is very diverse and doesn't depend on few countries or sectors. This tiny country of 2 million population nominal GDP is $360.136 billion while Iran's is $482.445 billion. Now UAE is concentrating on industry and technology, especially arms industry looking forward to become one of the major arms exporters in the world by 2030.

Most UAE banks stop money transfers to Iran - Emirates 24/7

 

[somebozo]

He couldn't get Saudi nationality and just getting back on them...

This thread is about UAE not Saudi..so dont troll!

 

[BLACKEAGLE]

Look like their consultants are lacking in even basic economic education.

They say Dubai is a trading hub which is correct as it neither a big producer nor consumer.It thrives on arbitrage gained from transaction happening between two discrete entities.Reducing dependence on India and Iran means giving up that arbitrage profit which could move to any other convenient location.

And manufacturing,A big LOL. With the amount of Human resource they have,what would they manufacture? Goblin ****...

While you enjoy your poverty and misery, UAE economy is thriving, 80% of of work force in the arms industry in UAE are Emarati nationals. It's economy doesn't depend on only trade but also on natural resources, tourism, industry, real estate, services like owning and managing world biggest sea ports ans air ports, as well as renewal energy. Indians just provide cheap work force.

 

[mohsen]

Iran trade with UAE used to worth about $11 billion right before sanctions, but thereafter, UAE stopped all financial transfer to/from Iran and trade relations was reduced to the minimum. UAE economy is very diverse and doesn't depend on few countries or sectors. This tiny country of 2 million population nominal GDP is $360.136 billion while Iran's is $482.445 billion. Now UAE is concentrating on industry and technology, especially arms industry looking forward to become one of the major arms exporters in the world by 2030.

Most UAE banks stop money transfers to Iran - Emirates 24/7

by that date they only can become major arms importer. UAE isn't a cheap country, so industry which needs cheep workers doesn't have any benefit there, what idiot investor leaves china or India for UAE? Arms industry is worse , who's gonna give they required tech?

 

[BLACKEAGLE]

by that date they only can become major arms importer. UAE isn't a cheap country, so industry which needs cheep workers doesn't have any benefit there, what idiot investor leaves china or India for UAE? Arms industry is worse , who's gonna give they required tech?

Not correct, not France nor USA nor Germany are cheap countries but they still the top exporters of arms.
UAE is concentrating on developing few of critical arms, UAE is no India or China, it's small arms are the best of the world, exported to Europe and USA. It's UAVs are as well are best, which countries like Russia and USA requested to get their TOT. They are working on manufacturing world class long range A2G missiles, stealth navy vessels, strategic radars, Aesa radars, armored vehicles, and they going to home manufacture critical parts of Eurofighter, MRLS...etc. They are keen to develop the best quality to be able to compete in the world market. However, we are talking about 2030 here.

 

[RazorMC]

...


How dare you bust the bubble..Arabs are a supreme race..allah has promised them rizq by sitting idle all the time! Working hard is only ordained for everyone else!
...
Ok back to serious note..everyone knows a lot of Emaraties make money out of paper companies owned by Iranians and Indian and everyone else without an Emarati Passport..Then they call it a success and boast about "Emarati Entrepreneurship" in global media.
...
There is no god but oil and dollar is the prophet!

Hahaha. Easy money comes with a heavy price, and now they must find it the hard way.



From the OP:

...
Aside from diversifying its trade partners, Dubai must prioritise exports of manufactured goods and machinery, which currently make up a “negligible” amount of its total trade, the DEC said. It also suggested that Dubai should follow the lead of Hong Kong and Singapore in their transition from low-tech exporters to exporters of technology-rich products such as electronics, biotechnology, pharmaceuticals and precision engineering.
...

1. HonKong's geography gives it an advantage whereas Dubai's location is going to be a disadvantage in the coming years.

2. Dubai's high currency prevents any major investment into the manufacturing sector.

3. Dubai has yet to encourage true entrepreneurship and the excessive patronizing of Emirati citizens is only making them lazier.

4. Dubai depends on re-exporting which is an uncertain sector itself.

 

[mohsen]

Not correct, not France nor USA nor Germany are cheap countries but they still the top exporters of arms.
UAE is concentrating on developing few of critical arms, UAE is no India or China, it's small arms are the best of the world, exported to Europe and USA. It's UAVs are as well are best, which countries like Russia and USA requested to get their TOT. They are working on manufacturing world class long range A2G missiles, stealth navy vessels, strategic radars, Aesa radars, armored vehicles, and they going to home manufacture critical parts of Eurofighter, MRLS...etc. They are keen to develop the best quality to be able to compete in the world market. However, we are talking about 2030 here.

yah, I have seen those UAVs (jokes), and I laughed for several minutes.
the specification they put for "United 40" even US doesn't have in it's future UAVs. probably these dictators think military tech is something they could buy from market too, so because they have lots of money they started to exaggerate about it.
these claims are from a country which even for basic jobs need to import technicians.

 

[BLACKEAGLE]

yah, I have seen those UAVs (jokes), and I laughed for several minutes.
the specification they put for "United 40" even US doesn't have in it's future UAVs. probably these dictators think military tech is something they could buy from market too, so because they have lots of money they started to exaggerate about it.
these claims are from a country which even for basic jobs need to import technicians.

Well, my friend maybe you are confusing Iran with UAE with the dictatorship and "jokes" parts. Jokes are not displayed in international exhibitions offered for interested costumers, and USA and Russia won't have been interested in getting their TOT. UAE population barely reach 2 million, so they need foreigners off course to fill some positions. But according to UAE officials, 80% of arms industry work force are UAE nationals, most professional jobs are held either by nationals or Arabs while the rest work in jobs nationals won't accept. UAE achievements put countries like Iran which is bigger by 30 times into shame. Rather than laughing at others who are far more successful than you, try at least to imitate them.

 

[BLACKEAGLE]

Hahaha. Easy money comes with a heavy price, and now they must find it the hard way.



From the OP:



1. HonKong's geography gives it an advantage whereas Dubai's location is going to be a disadvantage in the coming years.

2. Dubai's high currency prevents any major investment into the manufacturing sector.

3. Dubai has yet to encourage true entrepreneurship and the excessive patronizing of Emirati citizens is only making them lazier.

4. Dubai depends on re-exporting which is an uncertain sector itself.

Easy way? why don't you guys show them the hard way of getting money?

 

[Pandora]

Not hurt..just stating the obvious...they have been long rumored to have a hand in funding Gawader terrorism....

They have been involved in all sorts of terrorism not just gwadar but also LET, LEJ, TTP and list goes on. Their own lives are peaceful but they enjoy making others life a living hell. Same goes for KSA and Qatar.

@topic Soon these gulfian arabs will be left with only thing they deserve.

 

[mohsen]

Well, my friend maybe you are confusing Iran with UAE with the dictatorship and "jokes" parts. Jokes are not displayed in international exhibitions offered for interested costumers, and USA and Russia won't have been interested in getting their TOT. UAE population barely reach 2 million, so they need foreigners off course to fill some positions. But according to UAE officials, 80% of arms industry work force are UAE nationals, most professional jobs are held either by nationals or Arabs while the rest work in jobs nationals won't accept. UAE achievements put countries like Iran which is bigger by 30 times into shame. Rather than laughing at others who are far more successful than you, try at least to imitate them.

yah, these achievements even put US into shame.

It can carry 10 missiles on board, each one having a 60km range and 1,000kph speed,” said Ali Al Dhaheri, general designer and CEO of Adcom Systems. “It can fly over 100 hours without refuelling at a 30,000ft altitude. It is very reliable, has twin engines, six fly control units and over 400 channels of communications.” Designed for strategic missions such as border surveillance, battle damage assessment, intelligence preparation of battlefield, combat assessment and humanitarian aid, United 40 can take off with 2,000kg on board. If desired, it can also have up to 15 people on board.
It is now in serial production, licenced in several countries around the world and used by armies all over the Arabian Gulf, the UAE included

UAE-made UAV appeals - Khaleej Times

 

[BLACKEAGLE]

yah, these achievements even put US into shame.

UAE-made UAV appeals - Khaleej Times

I didn't say US, I said Iran. Anyway, my friend, they are moving on while you can keep posting smileys as much as you like..

 

[Doritos11]

unimportant - edit

 

[Jackdaws]

Yep, Zia ul Haq and Indra Gandhi were best friends too!





How dare you bust the bubble..Arabs are a supreme race..allah has promised them rizq by sitting idle all the time! Working hard is only ordained for everyone else!


Ok back to serious note..everyone knows a lot of Emaraties make money out of paper companies owned by Iranians and Indian and everyone else without an Emarati Passport..Then they call it a success and boast about "Emarati Entrepreneurship" in global media.



There is no god but oil and dollar is the prophet!

I sometimes wonder how come you don't have a fatwa to deal with yet.

 

[Yzd Khalifa]

Dubai is bill-gating now and screw haters. It become more or less like something of a great significance in the region. Most of you think Dubai was set to be an economic-bay project ,which isn't true. There big things in there going on only smarties would understand.