Dubai World Strategically Defaults
November 27, 2009
The Chairman of the “Supreme Fiscal Committee” has indicated that the default of Dubai World was carefully planned. This really is not surprising. As somebody who was in Dubai last year, and saw the hundreds of hollow buildings and the construction up close, it really is not surprising that the party has come to an [...]
Read More >>“The Tower Wobbles” – On Top Of Burj Dubai
November 16, 2009
On top of the Burj Dubai, the tallest building in the world. To see the tower in perspective, you can see some pictures of the tower I took last year in Dubai.
Read More >>The Global Perspective on Construction Materials Prices
August 30, 2008
Slow down? What slow down. Construction material prices in many markets around the world continue to increase rapidly. In the UAE for example, the cost of steel has risen by about 15% this month alone, with the expectation that prices might rise a further 5% in the ensuing week. The global demand for rebar sits [...]
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