Thursday, 3 December 2009

Viva Al Karama

Dubai World are trying to spend their way out of trouble by launching a kind of Sharia-law friendly Las Vegas experience, complete without smoking and gambling. Hmm.

It's a bit like opening an alcohol-free Scotch whisky distillery in Utah; or perhaps launching a charcuterie in Jerusalem without the pork. Any takers for shares in a Kabul fancy-dress establishment where tribal costumes are so last year?

Anyone with cash invested in the likes of HSBC and RBS, major investors in Dubai World, may soon be looking for that suitcase under the bed as a safer bet.

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