Posts Tagged ‘Bloomberg’

Empty Two-Fifths

Wednesday, February 23rd, 2011

I just saw a Bloomberg article has a fun fact about Dubai:

In the next two years, tens of thousands of new properties will come onto a market where about 40 percent of homes and offices are empty.

For more, check out: “Dubai Can’t Break Building Addiction With Glut of Properties Still Growing“.

Dubai, the Smugglers’ Sieve

Tuesday, February 23rd, 2010

Article about Dubai and it’s porous border with cross-gulf neighbor Iran: “Dubai Helps Iran Evade Sanctions as Smugglers Ignore U.S. Laws.”

Money quote from a member of Dubai’s Iranian Business Council (IBC):

“You can get anything you want, and you can ship anything you want to Iran,” says Morteza Masoumzadeh, an IBC director and owner of a shipping company that transports goods between Iran and Dubai. “Every company in Iran is either here or has representatives here.”