Comments on: Abu Dhabi’s tentative bailout of Dubai … http://blogs.cfr.org/setser/2009/02/24/abu-dhabi%e2%80%99s-tentative-bailout-of-dubai-%e2%80%a6/ Thu, 14 Oct 2010 13:09:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MBAs, Media & the Middle East. | Differentiating Dubai’s Debt. http://blogs.cfr.org/setser/2009/02/24/abu-dhabi%e2%80%99s-tentative-bailout-of-dubai-%e2%80%a6/#comment-129092 MBAs, Media & the Middle East. | Differentiating Dubai’s Debt. Wed, 15 Apr 2009 05:50:35 +0000 http://blogs.cfr.org/setser/?p=4799#comment-129092 [...] Abu Dhabi’s tentative bailout of Dubai … (blogs.cfr.org) [...] [...] Abu Dhabi’s tentative bailout of Dubai … (blogs.cfr.org) [...]

]]> By: MBAs, Media & the Middle East. | Deleveraging Dubai. http://blogs.cfr.org/setser/2009/02/24/abu-dhabi%e2%80%99s-tentative-bailout-of-dubai-%e2%80%a6/#comment-126601 MBAs, Media & the Middle East. | Deleveraging Dubai. Wed, 04 Mar 2009 16:17:19 +0000 http://blogs.cfr.org/setser/?p=4799#comment-126601 [...] Abu Dhabi’s tentative bailout of Dubai … (blogs.cfr.org) [...] [...] Abu Dhabi’s tentative bailout of Dubai … (blogs.cfr.org) [...]

]]> By: Financial Meltdown » Lunchtime Links 2-24 http://blogs.cfr.org/setser/2009/02/24/abu-dhabi%e2%80%99s-tentative-bailout-of-dubai-%e2%80%a6/#comment-126211 Financial Meltdown » Lunchtime Links 2-24 Thu, 26 Feb 2009 18:26:24 +0000 http://blogs.cfr.org/setser/?p=4799#comment-126211 [...] Abu Dhabi’s Tentative Bailout of Dubai (Setser) [...] [...] Abu Dhabi’s Tentative Bailout of Dubai (Setser) [...]

]]> By: The Real News Behind Abu Dhabi’s Bailout Of Dubai | Simoleon Sense http://blogs.cfr.org/setser/2009/02/24/abu-dhabi%e2%80%99s-tentative-bailout-of-dubai-%e2%80%a6/#comment-126155 The Real News Behind Abu Dhabi’s Bailout Of Dubai | Simoleon Sense Thu, 26 Feb 2009 00:00:45 +0000 http://blogs.cfr.org/setser/?p=4799#comment-126155 [...] Click Here To Read About 2 Interesting Conclusions Behind The Dubai Bailout [...] [...] Click Here To Read About 2 Interesting Conclusions Behind The Dubai Bailout [...]

]]> By: Shehab http://blogs.cfr.org/setser/2009/02/24/abu-dhabi%e2%80%99s-tentative-bailout-of-dubai-%e2%80%a6/#comment-126101 Shehab Wed, 25 Feb 2009 12:42:33 +0000 http://blogs.cfr.org/setser/?p=4799#comment-126101 Agree with Rachel, Politics definitely played a part in the structure of the Dubailout. Interesting to note that several Dubai civil servants occupy senior posts at the CB - although there's no doubting Abu Dhabi role as main decision taker. Abu Dhabi also has competing spheres of influence with Mohamed Bin Zaed widely believed to be the main decision maker. I find it hard to believe that the federal debt really does come with no strings attached though and expect further centralization of the emirates' economies soon. Agree with Rachel,

Politics definitely played a part in the structure of the Dubailout. Interesting to note that several Dubai civil servants occupy senior posts at the CB – although there’s no doubting Abu Dhabi role as main decision taker.

Abu Dhabi also has competing spheres of influence with Mohamed Bin Zaed widely believed to be the main decision maker.

I find it hard to believe that the federal debt really does come with no strings attached though and expect further centralization of the emirates’ economies soon.

]]> By: Gaius Suetonius http://blogs.cfr.org/setser/2009/02/24/abu-dhabi%e2%80%99s-tentative-bailout-of-dubai-%e2%80%a6/#comment-126098 Gaius Suetonius Wed, 25 Feb 2009 11:54:59 +0000 http://blogs.cfr.org/setser/?p=4799#comment-126098 This seems to me a very interesting question. I'd like to know what happens with Airbus and Boeing orders in the current environment. DAE capital made a big deal with Airbus at the end of 2007. Anyway today Abu Dhabi IPIC is currently negotiating the purchase of a big chunk of CEPSA in Spain, wich is down 30% today. The seller is Santander, owner of of 31,6%. Everybody seems to have some trouble this year. http://www.aviation.com/business/071112-airbus-dubai-orders.html http://www.cotizalia.com/cache/2009/02/25/noticias_98_santander_confirma_negocia_venta_porcentaje_cepsa.html This seems to me a very interesting question. I’d like to know what happens with Airbus and Boeing orders in the current environment. DAE capital made a big deal with Airbus at the end of 2007.

Anyway today Abu Dhabi IPIC is currently negotiating the purchase of a big chunk of CEPSA in Spain, wich is down 30% today. The seller is Santander, owner of of 31,6%. Everybody seems to have some trouble this year.

http://www.aviation.com/business/071112-airbus-dubai-orders.html

http://www.cotizalia.com/cache/2009/02/25/noticias_98_santander_confirma_negocia_venta_porcentaje_cepsa.html

]]> By: Simon http://blogs.cfr.org/setser/2009/02/24/abu-dhabi%e2%80%99s-tentative-bailout-of-dubai-%e2%80%a6/#comment-126085 Simon Wed, 25 Feb 2009 03:05:41 +0000 http://blogs.cfr.org/setser/?p=4799#comment-126085 Bye Indian, Perhaps there is a blog bubble occurring...Or perhaps irrational exuberance is a characteristic of our species. A source of our creativity? As always its fun while it lasts. After all nothing is perminant. Bye Indian,

Perhaps there is a blog bubble occurring…Or perhaps irrational exuberance is a characteristic of our species. A source of our creativity?

As always its fun while it lasts. After all nothing is perminant.

]]> By: Rachel http://blogs.cfr.org/setser/2009/02/24/abu-dhabi%e2%80%99s-tentative-bailout-of-dubai-%e2%80%a6/#comment-126084 Rachel Wed, 25 Feb 2009 03:04:40 +0000 http://blogs.cfr.org/setser/?p=4799#comment-126084 brad, In addition to some of the more economic elements you mention above about why it is the UAE and not Abu Dhabi that came to the rescue, I'd imagine there are some political and institutional reasons. In fact, even before this there were some nascent moves of strengthening at the the UAE level (eg the creation of the CB's liquidity facility etc). though maybe its just a time buying effort. I'm waiting to see exactly how the second tranche goes through brad,
In addition to some of the more economic elements you mention above about why it is the UAE and not Abu Dhabi that came to the rescue, I’d imagine there are some political and institutional reasons. In fact, even before this there were some nascent moves of strengthening at the the UAE level (eg the creation of the CB’s liquidity facility etc).

though maybe its just a time buying effort. I’m waiting to see exactly how the second tranche goes through

]]> By: bsetser http://blogs.cfr.org/setser/2009/02/24/abu-dhabi%e2%80%99s-tentative-bailout-of-dubai-%e2%80%a6/#comment-126082 bsetser Wed, 25 Feb 2009 02:44:34 +0000 http://blogs.cfr.org/setser/?p=4799#comment-126082 Indian investor -- thanks for your past contributions. I am going to hold you to your commitment that these are your last words ... too bad more folks don't want to talk about the challenges of bailing out an over-indebted city state. Indian investor — thanks for your past contributions. I am going to hold you to your commitment that these are your last words …

too bad more folks don’t want to talk about the challenges of bailing out an over-indebted city state.

]]> By: Indian Investor http://blogs.cfr.org/setser/2009/02/24/abu-dhabi%e2%80%99s-tentative-bailout-of-dubai-%e2%80%a6/#comment-126079 Indian Investor Wed, 25 Feb 2009 01:48:19 +0000 http://blogs.cfr.org/setser/?p=4799#comment-126079 Also, leaving last words on the blog: a) What I've described above (Afghanistan + carbon trading) is the actual strategy in the US foreign policy. I don't neccessarily endorse it; it's just my observation of events. b) There's plenty of risk of a terror attack on US/British soil, because it looks like the US/UK/EU/Russia interests are all converging and some kid of a deal is the offing. If the Taliban get diplomatically isolated, then Pakistan's ISI might get the Al Qaeda to perform another terror attack. It goes without saying I don't endorse this either. c) Equity markets have bottomed out. Short sellers, be careful. People going long just wait patiently, even if there are a few further falls there isn't much of a downside to 7350 in the US. Now I'm pretty confident about that. d) Always be careful to examine all numbers and theories before accepting theories or recommendations. When you read long writings, focus on the bottomline recommendations and see what the actual implications are. Also, leaving last words on the blog:
a) What I’ve described above (Afghanistan + carbon trading) is the actual strategy in the US foreign policy. I don’t neccessarily endorse it; it’s just my observation of events.
b) There’s plenty of risk of a terror attack on US/British soil, because it looks like the US/UK/EU/Russia interests are all converging and some kid of a deal is the offing. If the Taliban get diplomatically isolated, then Pakistan’s ISI might get the Al Qaeda to perform another terror attack. It goes without saying I don’t endorse this either.
c) Equity markets have bottomed out. Short sellers, be careful. People going long just wait patiently, even if there are a few further falls there isn’t much of a downside to 7350 in the US. Now I’m pretty confident about that.
d) Always be careful to examine all numbers and theories before accepting theories or recommendations. When you read long writings, focus on the bottomline recommendations and see what the actual implications are.

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