Comments on: Iran and the Dubai Debt Crisis http://irangcc.com/2009/12/02/iran-and-the-dubai-debt-crisis/ Sat, 08 Jan 2011 11:14:14 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Schmedlap http://irangcc.com/2009/12/02/iran-and-the-dubai-debt-crisis/comment-page-1/#comment-858 Schmedlap Wed, 09 Dec 2009 18:32:52 +0000 http://irangcc.com/?p=1046#comment-858 Just saw <a href="http://uskowioniran.blogspot.com/2009/12/iran-uae-joint-commission.html" rel="nofollow">this</a>. Just saw this.

]]> By: admin http://irangcc.com/2009/12/02/iran-and-the-dubai-debt-crisis/comment-page-1/#comment-852 admin Wed, 02 Dec 2009 18:08:30 +0000 http://irangcc.com/?p=1046#comment-852 Thanks, hadn't thought about that angle. I guess the bottom line is that all the back and forth between Iran and Dubai creates a set of shared stakes (and corresponding pressure points) that are very hard to unwind, even in the face of outside pressure. Thanks, hadn’t thought about that angle. I guess the bottom line is that all the back and forth between Iran and Dubai creates a set of shared stakes (and corresponding pressure points) that are very hard to unwind, even in the face of outside pressure.

]]> By: Schmedlap http://irangcc.com/2009/12/02/iran-and-the-dubai-debt-crisis/comment-page-1/#comment-851 Schmedlap Wed, 02 Dec 2009 17:53:59 +0000 http://irangcc.com/?p=1046#comment-851 <em>"One possibility (as suggested by an IranGCC co-contributor) is that Iran needs all the allies it can get now, and is reluctant to crow about Dubai’s misfortune."</em> Kind of along those lines, Iran could have some leverage over Dubai. I remember reading stories a year or two ago about property prices fluctuating in Dubai according to expectations of a US or Israeli strike on Iran. I don't know what Iran would want from Dubai - maybe it would only want to look out for the interests of wealthy Iranians in Dubai - but it seems that Iran is in a position to exert economic pressure on Dubai now. Ahmedinejad only needs to give a few fiery speeches to rile up Israel and people will start freaking out about a possible strike on Iran. Dubai's already high credit risk could become too high if everybody fears a major regional conflict. Iran could be telling Dubai, "look out for our wealthy citizens' interests or we'll start beating the war drum and undermine your creditworthiness." “One possibility (as suggested by an IranGCC co-contributor) is that Iran needs all the allies it can get now, and is reluctant to crow about Dubai’s misfortune.”

Kind of along those lines, Iran could have some leverage over Dubai. I remember reading stories a year or two ago about property prices fluctuating in Dubai according to expectations of a US or Israeli strike on Iran. I don’t know what Iran would want from Dubai – maybe it would only want to look out for the interests of wealthy Iranians in Dubai – but it seems that Iran is in a position to exert economic pressure on Dubai now.

Ahmedinejad only needs to give a few fiery speeches to rile up Israel and people will start freaking out about a possible strike on Iran. Dubai’s already high credit risk could become too high if everybody fears a major regional conflict. Iran could be telling Dubai, “look out for our wealthy citizens’ interests or we’ll start beating the war drum and undermine your creditworthiness.”

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