Fancy a 90+% return?

[speedy_thrills]

Notice Nakheel sukuk bonds (Maturing next December) are pretty cheap if you feel like wasting a bit of cash, surley Dubai won't let them go belly up and loose face? What do you think?

They own the QE2 as well, wonder what will happen to that? Diving wreck?

[Silent1]

speedy_thrills said:

They own the QE2 as well, wonder what will happen to that? Diving wreck?

What the hell are they doing with a retired cruise ship?

According to Wikipedia " She will now be refurbished and berthed permanently at the Palm Jumeirah from 2012 as a "a luxury floating hotel, retail, museum and entertainment destination"

and it goes on to say that on 18 June 2007 it was announced that the ship had been purchased by the Dubai investment company Istithmar for $100 million.

So maybe nakheel don't own it any more?

[oilydan]

Silent1 said:

speedy_thrills said:

They own the QE2 as well, wonder what will happen to that? Diving wreck?

What the hell are they doing with a retired cruise ship?

According to Wikipedia " She will now be refurbished and berthed permanently at the Palm Jumeirah from 2012 as a "a luxury floating hotel, retail, museum and entertainment destination"

and it goes on to say that on 18 June 2007 it was announced that the ship had been purchased by the Dubai investment company Istithmar for $100 million.

So maybe nakheel don't own it any more?

Both Nakheel and Istithmar World are managed by Dubai World - An investment company (of which Sheikh Mo is the majority stakeholder).

Wiki said:

Dubai World made headlines in March 2008 after its chairman, Sultan Ahmed bin Sulayem, threatened to take the fund's money out of Europe if the European Union tried to regulate his activities.[1] As mentioned, Dubai World's threats came shortly after the EU attempted to lay out "a set of principles for transparency, predictability and accountability" for Sovereign Wealth Funds

[Silent1]

Ah right oh, thanks.