Friday, February 26, 2010

Dubai sells

Dubai is reportedly preparing to sell a host of assets, including one of the world's best known cruise ships, as the emirate's investment arm looks to restructure a mountain of debt.


One of the assets they are jettisoning is their Queen Elizabeth II



Istithmar bought the QE2, once the largest passenger ship in existence, in 2007 for an estimated $100 million. The firm had planned to turn the ship into a floating hotel attached to a man-made, palm-shaped island in the Persian Gulf.


A floating hotel+Burj Khalifa+the Dubai World+A copious amount of oil = Dubai God


That's the perfect formulae man, really hope Queen Elizabeth will not be passed on to other people.


Also in the firm's portfolio is a 20% stake in Canadian circus group Cirque du Soleil. But a Cirque du Soleil spokeswoman said the group has had no indication from Istithmar that a sale is pending.


Just look at the above, which circus is as great as this one above?


It's practically surreal and fanatical man!


People pay and fly all the way there just to watch them perform man.


It's almost a dream and a luxury to watch them sing and dance and jump all over the place. It calms your mind and gratifies your soul.


There is no way Dubai should ever contemplate on this one. It is without a shadow of a doubt of the most prestigious and covet circus crew in the entire world so to speak.


Every single performance is like an incandescent masterpiece. They consistently uphold their standards and without fail, they shine throughout.


Credits -essential, -cnn

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