Thursday, July 22, 2010

Movie of the week: Salt

If you like movies that do not make sense with a super hero with many twists then this is the movie for you. Good movie though !

Thursday, July 15, 2010

Movie of the Week: Inception

One of the greatest of this year or maybe in years. I confirmed today that most of the ones who don't like such movies are dumb. They don't understand them, hence say that they are not worth watching. Simpletons, lol.

Monday, July 12, 2010

Gas to Liter: What's behind the scene?

Ever wondered why they replaced the gallon with the liter as a unit of fuel?According to the director general of the Emirates Authority of Standardization and Meteorology, the reason behind is to consolidate the units of measurement with the world and reduce any possible margin of error.

[Gulf News]

Am I the only one who think otherwise?

The real reason behind changing the unit is purely so that the fuel increase doesn't look high. So by 20 Fils per liter is equal to 20 by 3.7 which equals to about 0.75 per gallon. So for the unfortunate ones who own an SUV like me, filling a car will be a pain in the @%#23.

and welcome to new hikes in the next few months !

[RANT]and then they say that we are in a united country, when the real reason behind the increase is because Dubai don't want to support the fuel of its companies ENOC and EPPCO and Abu Dhabi don't want to sell reduced fuel price to those companies.

So, shouldn't companies who lose in the market simply withdraw. Why can't we simply have ADNOC in Dubai. EMARAT, EPPCO and ENOC should declare bankruptcy or something.[/RANT]

Sunday, July 11, 2010

UAE royalty lost the most in the crisis

Sheikh Khalifa bin Zayed Al Nahayan, United Arab Emirates
Fortune: $15 billion (down)
Age: 62
Re-elected president of the UAE for a second five-year term in November by the emirates' Federal Supreme Council. The hereditary ruler of the tiny emirate of Abu Dhabi provided $10 billion bailout package to debt-burdened brother state of Dubai in December. Did not escape downturn; fortune down $3 billion as result of last year's 40% decline in oil export earnings, coupled with double-digit declines in real estate and stock markets. Continuing to promote his Abu Dhabi 2030 plan to reinvent it as a tourism and cultural hub.

Sheikh Mohammed bin Rashid Al Maktoum, Dubai
Fortune: $4.5 billion (down)
Age: 60
Fortune tumbled due to emirate's heavy debt load of $109 billion racked up by state-owned companies in heady days; $15.5 billion of debt due this year. His own Dubai Holding owes banks $12 billion, majority through investment companies Dubai Group and Dubai International Capital, which own stakes in Sony's and Airbus' parent. Last December sold stake in Egyptian investment bank EFG Hermes at a 60% discount to purchase two years ago. Recently stated that the UAE economy is doing fine and that the worst for Dubai is over. Renowned horseman has valuable equine assets.

Thursday, July 8, 2010

U.A.E. diplomat mulls hit on Iran's nukes and the government says it was misquoted

I won't be surprised if this was true !

"I think it's a cost-benefit analysis," Mr. al-Otaiba said. "I think despite the large amount of trade we do with Iran, which is close to $12 billion … there will be consequences, there will be a backlash and there will be problems with people protesting and rioting and very unhappy that there is an outside force attacking a Muslim country; that is going to happen no matter what."

The United Arab Emirates dismissed as "inaccurate" on Wednesday statements attributed to its ambassador in Washington backing possible military action over Iran's nuclear programme.
"The statements attributed by the Washington Times to the UAE ambassador to the United States, Youssef Al-Otaiba, are not precise," the official WAM news agency quoted deputy foreign minister Tareq al-Haidan as saying.