And the banks will chase YOU down for your last cent!

What they are doing out there is criminal!

ORIGINAL CAPTION: It’s the latest word in Gulf excess - a sprawling £800million resort boasting a £13,000-a-night suite and dolphins flown in from the South Pacific, all atop a palm tree-shaped island. The 113-acre resort on an artificial island off the Persian Gulf coast is among the city-state’s biggest bets that tourism can help sustain its economy once regional oil profits stop flowing.

‘You don’t build a billion-and-a-half dollar project just anywhere in the world,’ said Alan Leibman, president and managing director of Kerzner International, the hotel operator that teamed with Dubai developer Nakheel on the resort.

With its own oil reserves running dry, Dubai hopes to woo those eager to make money and those who know how to spend it - even as much of the global economy sours.

For years, the emirate - one of seven semi-independent states that make up the United Arab Emirates - has been feverishly building skyscrapers and luxury hotels.

A key piece of the strategy has been to cultivate an image in the West as a sun-kissed tourist destination despite its soaring summer heat, conservative Muslim society and relative dearth of historic sites.

Fueling the interest are belief-defying projects such as an indoor ski slope, the as-yet-incomplete world’s tallest skyscraper and a growing archipelago of man-made islands such as the Palm Jumeirah - the smallest of three such projects planned.

Much of the focus at Atlantis, modeled on a sister resort in the Bahamas, is on ocean-themed family entertainment.

The resort contains a giant open-air tank with 65,000 fish, stingrays and other sea creatures and a dolphinarium with more than two dozen bottlenose dolphins flown in, amid controversy, from the Solomon Islands.

But the hotel’s top floor aims squarely at the ultra-wealthy. A three-bedroom, three-bathroom suite complete with gold-leaf 18-seat dining table is on offer for £13,000 a night.

Dubai’s development has long been criticized by environmental activists, who say the construction of artificial islands hurts coral reefs and even shifts water currents. They point to growing water and power consumption.



Tent citys expanding all over America

Almost all the camping grounds within 100 miles of Los Angeles are now filled with people living in them.


Rothschild appointed to help sell Dubai World assets
Bankers from Rothschild have been appointed to help restructure Dubai World with a mandate to dispose of some of the stricken conglomerate's famous assets.
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Source

FORUM