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Daily Speculations The Web Site of Victor Niederhoffer & Laurel Kenner Dedicated to the scientific
method, free markets, |
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1/24/2005
From the Travels of Bo: Dubai
This is the short Dubai section from the 'yank bo' reconnoiter a decade ago.
'I stop at Dubai, a constituent of the United Arab Emirates, to invest my
curiosity only. One could walk border to border in two days and finish for
a dip in the Persian Gulf, but I spend the time afoot in the fascinating
Dubai City. An original fishing settlement having expanded along both banks
of a creek plied by paddlers and small boats, the present international
business district is connected by a tunnel and two bridges. Knee-length
Kurta shirts with matching baggy Shalwear pants replace suits and males
glide in these long white robes between old mosques and posh malls. They
are a sturdy, intelligent people from what I see, but over-fed by the rich
oil spoon here in the city. I'm told imported contract labor apparent
wherever a broom or shovel is lifted - includes housing and no option to
marry or immigrate. My glance around the city reveals a planned, modern
face of concrete and glass built on the 1966 discovery of oil; however, the
minds under those sheets suggest a culture deeply rooted in Islamic
tradition. People are strange when you re a stranger, odder still as I m
ignored in the city. Never on balance but content, I exit back onto the
emerging market tour.'
Click here for the whole report on 'yankee
hobo in the world emerging market'.