Kuwait’s budget surplus of USD 22.4 billion would cover 88.8% of Nakheel’s debt. Kuwait is an oil producing country. Nakheel is a Dubai government owned developer of luxury real estate.
Moral: Luxury real estate bad. Oil producing good.
From the Tumblr archive
Kuwait Surplus / Nakheel Debt
From the Tumblr archiveOriginally published 30th August 2010 on the Tumblr archive. This post reflects its original context and may contain information that is no longer current.
Preserved from omarkassim.tumblr.com.