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Guess why debt burnt Dubai

world Updated: Nov 30, 2009 00:11 IST
PTI
Highlight Story

“The Sun Never Sets on Dubai World”, claims the logo of the state-owned conglomerate of the Gulf city government. That’s why it got burnt under towering debts.

This may not be funny for those who have actually burnt their fingers and much more in Dubai’s debt repayment crisis, but many others are finding humour in the problem facing the West Asian city.

This is just one of the many jokes that are doing the rounds over the Internet and through text messages, poking fun at the tagline of Dubai World, the flaghip investment holding company of the Dubai government.

“True to our claim — The Sun Never Sets on Dubai World — our investment portfolio extends across 100 different cities in the world,” a banner continues to scream on the website of Dubai World, even as it has expressed its inability to pay in time $59 billion in debts and has sought time till at least May to meet these obligations.

The humour mills go a step further: “Dubai is offering one celebrity free with each apartment purchased in its posh real estate properties.”

One joke is about how the US was saved from the carnage. “There is a new reason to celebrate Thanksgiving Day —that is to thank Dubai for disclosing its crisis on this day when markets were closed in the US.”

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