
N.O.R.F
Nomads-
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Everything posted by N.O.R.F
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Tujiska, Where was Drogba last year? He has his purple patches yes but I have been more impressed with Anelka since he went to Chelsea.
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Young Muslims UK are still around? I was a member :cool: *wonders where is badge is* Will read more Abu Salman.
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Originally posted by WingA: ^^ Thats your opinion brothers and i respect that but would have Torres in my team any day of the week.. Hands Down.. Tell them mate. 50 goals in his first two seasons and has 10 already this season when hes been injured for most of it (injured for most of last season as well).
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Jeddah: Rain leads to floods ( Subhannallah) Video!
N.O.R.F replied to Sabriye amp co.'s topic in General
Illahay ha unaxaristo dadkii ku dhintay. -
Ngonge, France broke it's own laws and values. They now adhere to selective secularism.
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Here we go. Re-read your posts as well as mine then tell me your message was clearer. I don't think I was the only one left dumb-founded by your initial posts If you wish to discuss the anti-Islam campaign in Europe in depth then let me know. I have no time to walk you through terms of engagement on public forums. You're already showing signs of your usual debating skills (jumping left right and centre without much in the way of substance with personal comments to bridge you). Try again, you was doing so well
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It snows at end of Jan or early Feb saxib. Ma adaa ku yidhi Dec??
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Whats worse is that where I am it is difficult to keep track of time. You see the sun all year round so you don't readily notice the change in seasons hence keeping track of what part of the year you're in becomes difficult. I'm stunned! Today is 1st Dec 09 and I just noticed.
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Can you believe 1999 was 10 years ago???? Where has the time gone???? 2010 around the corner. Now that (2010) really does look like the future.
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You all actually agree but don't realise it.
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The house is near Edgware Rd. Will they do a swap tolow
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I am short sighted actually. Slightly fuzzy as well The vote came about after it generated enough signatures for a referendum (not something do-able in most other EU countries). The petition was made, if I recall correctly, because of objections to the application for planning permission to build a mosque with a minaret (the Minaret being the problem). Why would they object to the building of a minaret and not the mosque itself? Because Muslims didn’t educate them or didn’t get involved in politics isn’t the answer (they don’t oppose the mosque and the vote only required a certain amount of signatures). It is the application of the fear factor applied by the right wing that got this whole thing started (see the no campaign's poster).
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It is obvious he was conned into this.
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Abu Dhabi stock market suffers worst losses in history
N.O.R.F replied to General Duke's topic in General
^Without mentioning the family links. -
Abu Dhabi stock market suffers worst losses in history
N.O.R.F replied to General Duke's topic in General
^I doubt it was recalled from shelves. Where did you hear that? The article basically re-hashes what everyone here already knows. There is a scramble by all media to write something about Dubai's debt and exaggerate things whilst people here are living their normal lives i.e. no big deal and DXB will get through this. -
Everytime I purchase Emirates tickets online way ilasoo hadlaan. I remind them it is discounted because I'm with them Afternoon all. Back to work. Day off tomorrow. Back on Thurs then it's the weekend! Bal maxaa la sameen in those two days? Nada!
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Abu Dhabi stock market suffers worst losses in history
N.O.R.F replied to General Duke's topic in General
All back at work today and we're all surprised at the hoohaa this has created. Headline news on all major networks. Everyone asking if things are OK whenever I spoke to them on the phone over Eid. Exploding Dubai's debt myths Wayne Arnold Last Updated: November 30. 2009 10:05PM UAE / November 30. 2009 6:05PM GMT It has become commonplace to refer to the fallout from last week’s decision by Dubai to ask Dubai World’s creditors for a six-month delay in payments as a “debt crisis”. It is not. What Dubai and the UAE now face would be more accurately described as a crisis of transparency and information. For it is the uncertainty over why Dubai made its decision and what it plans to do next that has generated the anxiety now gripping financial markets. The situation at Dubai World does not appear to pose the kind of systemic risk that created past crises, either the one that erupted after the bankruptcy of Lehman Brothers last year or previous debt crises in Asia or Latin America. That does not mean that last week’s events cannot trigger a broader crisis of confidence in emerging markets inflated by cheap dollars. Economists have been warning that a wave of government stimulus has created an unsustainable bubble in developing economies not unlike the one that burst in September last year. But Dubai World’s current predicament is part of the clean-up of the debris of that earlier bubble. Feeding the confusion are a number of misconceptions about what is going on at Dubai World and what risk it poses to the financial system here in the UAE and abroad. One of the most commonly repeated is that Dubai World has US$59 billion (Dh216.7bn) in debt. Dubai World and the companies it controls have between them $59bn in liabilities. But that number includes a lot of obligations that are not conventional debts, analysts say. Excluding these, Dubai has a much more manageable $23.8bn in debts, according to Deutsche Bank’s estimates. Of that, only about $5bn is owed directly by Dubai World. And not all of the remaining $18.8bn is affected by last week’s decision: Dubai has already said that ports operator DP World and the Jebel Ali Free Zone Authority (JAFZA) will not be included in the debt restructuring. The Nakheel sukuk is due on December 14, but it now appears that Dubai will ask that holders of the bond agree to delayed payment. Clearly, this is not what markets expected. Judging from the price of Nakheel’s sukuk the day of the announcement, its repayment was considered a virtual certainty. If Nakheel does not pay on December 14, with or without the agreement of its creditors, the non-payment will not represent a sovereign event. Nakheel’s sukuk was never a government debt, never enjoyed the explicit backing of the Government of Dubai and never had a credit rating. Dubai’s Government underlined this distinction in its bond prospectus in October, which analysts at Moody’s Investors Service determined was a signal to lower their rating on several Dubai issuers — they could no longer be sure the Government would bail them out. While this means lower credit ratings and higher borrowing costs, it does not mean that Dubai World will or will not repay other debts or that other Dubai borrowers will ask for delays on their debts. One source of uncertainty stems from the fact that the Dubai Financial Support Fund has divulged no details on its criteria for providing emergency funding or to whom it has provided that funding. Greater transparency on this score would undoubtedly have helped to avert the current confusion and avoid even more going forward. Another more dangerous misconception is that if Dubai World misses the December 14 Nakheel payment, banks to which it owes money will suffer a debilitating blow. Most of the banks that lent Dubai World money most likely started provisioning against it at the height of the crisis earlier this year. The same goes for owners of Nakheel’s bonds. Many of them undoubtedly bought those bonds when they were selling at steep discounts and are even now sitting on profits. Another puzzler is the worry that Dubai’s move stands to trigger a crisis among other sovereign borrowers in emerging markets. But Dubai does not pose a sovereign risk the way Latvia poses a sovereign risk. Dubai is more like California: if and when it runs out of money, it cannot print more. That means there is less risk that if Dubai could not afford to pay its debts, it would undermine the value of the dirham and spark a sudden outflow of capital. Much of the panic in global markets over Dubai seems to stem more from the timing of the announcement, which came during a long holiday weekend in the US. And with the year-end holidays approaching, analysts say investors were looking for a signal to take some of their money off the table. Dubai unwittingly gave them that excuse. Source -
Originally posted by NGONGE: No irony that I could see. Come on then. Looking forward to hearing this
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Originally posted by Dabshid: Finnished all parts,Relates so much to Muslims living western countries, and how the kids who grow here lose the touch of Islam, Very sad that old man died in Hajj Thanks. Thanks a bunch. You just spoilt it for me. Somalis :rolleyes: Just finished watching it all. Touching.