Remeber Toby Carroll? To recap, he’s a New Zealand-born real estate analyst for HSBC who’s been stationed in Dubai for the last several years. In January, he was jailed after his ex-girlfriend, Priscilla Ferreira, found him and a new girl, Danielle Spencer, in his apartment and proceeded to start slashing curtains, furniture, etc, and go after the Danielle with a knife.** The police were called and all three were sent downtown because in Dubai, sex outside marriage is illegal. After a week in the clink Carroll, who friends describe as “a fun-loving party boy who was dedicated to his job, a snappy dresser who liked women but wasn’t womanizer,” was released (as were the ladies who became friends after being forced to share a mattress in the women’s cell at Bur Dubai police station. Hopefully Carroll’s made the most of his freedom over the last 6 months, because he’s set to be sent back after receiving his sentencing last week. Continue reading »
Dubai
HSBC Banker Who Got Knife Pulled On Him By Ex-Girlfriend For Going On A Date One Day After Break-Up Headed To Jail
By Bess LevinThe following excerpt is from The Asylum: The Renegades Who Hijacked The World’s Oil Market, a new book by reporter Leah McGrath Goodman.
The board’s first trip to Dubai did not go smoothy. After meetings with city officials and the DDIA executives, the Nymex directors were looking forward to a night out on the town. They were told that alcohol was hard to come by in a Muslim city, but they’d also been informed Dubai had an impressive selection of exotic prostitutes. “You know what the pecking order is for prostitutes in Dubai? Arab women are the most expensive, followed by the European and American women, then Asians, then Latinas, then, well pretty much everyone else,” says the Nymex straffer who was asked by the board to look into the rates of sex workers for the night (the exchange’s budget, after all, did have a line item for “board entertainment”).
About eighteen of the twenty board members on the trip, according the staffer, wanted to go to the local brothels. “We were staying at the Emirates Towers. When I got back to the hotel that night, a board member was coming in who had two girls with him. At the hotel, you can sign in one hooker, but you have to pay a fee of $100. You can’t sign in two hookers because apparently that would be un-Islamic. The board member wanted me to sign the second girl under my name, because I didn’t have anyone with me. I didn’t want a prostitute under my name, so I wrote another board member’s name instead, and also his rom number. Then I went to bed. Hours later, I get a panicked call from the front desk. They’re telling me to come down, there’s been a big problem.” Continue reading »
A couple weeks ago, we met Toby Carroll, a New Zealand-born real estate analyst for HSBC currently stationed in Dubai, who’d spent the last two months in prison. Carroll had ended up there after his ex-girlfriend, Priscilla Ferreira, found him and a new girl, Danielle Spencer, in his apartment and proceeded to start slashing curtains, furniture, etc, and go after the Danielle with a knife. The police were called and all three were put in jail.
Carroll has since been freed but faces charges of “sex outside marriage.” Last week his ex spoke, denying reports she had been dumped by Carroll a day before she caught him in bed with Spencer, and claiming they were going to get married. Today Spencer, who “lapdanced her way across the USA and Australia” before relocating to Abu Dhabi where she found work “in the property business,” has been good enough to add yet more color to the story. The new details include the fact that she was on her second and not first date with Toby when she went back to his place for “coffee,” a vivid description of being splayed out on her stomach when Priscilla jumped on top of her and why she didn’t fight back. Continue reading »
HSBC Analyst Gets Knife Pulled On Him For Going On A Date One Day After Breaking Up With His Girlfriend, Spends Two Months (And Counting) In Jail
By Bess Levin
Toby Carroll is a New Zealand-born real estate analyst for HSBC currently stationed in Dubai. If you’re a colleague in the field currently trying to get in touch with him, you’ll have to wait a bit longer, because he currently in prison. Continue reading »
The massage enthusiast’s year-long house arrest has come to an end today (it was preceded by jail time), The Daily Beast informs us with the no-frills headline “Billionaire Pedophile Goes Free.” What will Epstein do with his freedom? Will he head to Dubai, as has been suggested? Will he make the trip out to Beamers, where there’s a reasonable assurance the girls are over 14? Will he remain in Palm Beach, having come to appreciate the asses o’ octogenarians? I don’t know. I’ll tell you what I do know, though. There’s only one way to commemorate this occasion. And I think you know what I’m talking about. Continue reading »
Break out the massage oils, ladies “Jeffrey Epstein will be a free man next week when his year-long probation ends. The billionaire, who’s been under house arrest since last July, will no longer need permission to travel. A source said Epstein — a registered sex offender because he pleaded guilty to soliciting teenage masseuses for sex — plans to move to Dubai.” [NYP]
Dubai Fund-of-Funds Now Open To New Investors– Sinners, Short-Seller Sympathizers Not Welcome
By Bess LevinIf you haven’t already invested your $1,000 with Bernett Diversified Global Fund and are looking to get in the game, take two to consider Dubai Shariah Asset Management‘s Kauthar Commodity Fund, which is opening its doors for the first time since launching last year. Here are the relevant deets: Continue reading »
The Extremely Responsible Government Of Dubai Would Like To Remind You That The Empire State Building Opened During The Great Depression
By John Shazar
Not compensating for anythingHow’s this for bad timing?
The world’s tallest building is set to be opened in the Gulf emirate of Dubai.
More than 800m (2,625ft) high and clad in 26,000 glass panels, Burj Dubai has 160 floors and more than 500,000 sq m of space for offices and apartments.
Some 90% of this ridiculously tall building’s units have been sold, or so they say. They also thought that Dubai ought to be–and could be–a financial center on par with New York and London. So take it with a few hundred trillion grains of sand.
It turns out tiny Middle Eastern emirates don’t need two stock exchanges. Especially when the second can only muster three listing. And even more so when that tiny emirate has very little to offer except creatively-shaped artificial islands with default notices looming.
Nasdaq Dubai is set to be bought by the Dubai Financial Market for $102 million and a 1% stake in itself. Which means that the good people at Nasdaq OMX get to experience what everyone else who invested in Dubai experienced: a 70% write-down.
What this joyous news you hear? Dubai has added itself to a small but fierce list of people who have pledged not only to not judge Tiger Woods’ life choices, but to stick it out with him in his time of need. Maybe it’s because Dubai knows what it’s like to be publicly humiliated, or because the Big D feels it has some wisdom to impart on those who’ve (probably) contracted several strains of the clap. WHO KNOWS. Doesn’t really matter why. The point is that like Ken Lewis, Dubai is not ashamed to have its name associated with T Dubs.
Prince Alwaleed bin Talal, the billionaire Saudi investor, said banks that made loans to Dubai World should have understood the risks they were taking and can’t claim to be victims of the emirate’s debt crisis. “These banks are very mature banks, and they have to differentiate between a corporate loan and a sovereign loan,” Alwaleed, 54, said today in an interview on Bloomberg Television. “When things go sour, you can’t have some banks in the West going to Dubai and saying ‘oops’ and crying wolf and saying, ‘You should have guaranteed those loans.’”
Alwaleed said confusion over whether the Dubai government would back Dubai World’s debt “was not helpful at all” and damaged investor confidence in the region. “However, you have to understand that other countries such as Saudi Arabia, Qatar and neighboring Abu Dhabi are countries to be reckoned with,” Alwaleed said. “With the price of oil where it is now, I don’t think their economies will be shaken at all.”
And just because:
