Tag Archives: dubai

Sunanda Pushkar’s Dubai Espionage Links

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UPDATE: I changed the title of this post from “Sunanda Pushkar Was the Spy, Not Mehr?” to Pushkar’s Dubai Espionage Links, as I’ve been coming across things.  Although I think it’s still a very plausible theory, there still aren’t enough facts to suggest it’s more plausible than any other.

UPDATE: An unidentified man visited Sunanda Pushkar before her death and was captured by CCTV.

UPDATE: Shelley Kasli at GreatGameIndia has more details about Pushkar’s connection to Sunil Varkey, a front for Dawood Ibrahim and the Rothschilds (via his GEMS Educational foundation and its affiliated Clinton Global Initiative ).

I also noticed the Varkey connection (see below, in my original post).

Kasli writes:

“Established by President Bill Clinton in 2005, the initiative’s aim is to create and implement innovative solutions to some of the world’s most pressing issues. Among CGI’s diverse membership are heads of state, leading CEOs, Nobel Prize laureates and heads of NGOs”

GEMS also supports a variety of partners, including Amnesty International, UNESCO, the Tony Blair Faith Foundation and other NGOs.

Sunil Varkey is connected to the Indian diamond business and its merchant princes in Europe.

The IPL (Indian Premier League cricket franchise) is awash from money-laundering of the profits from these and related businesses.

Sunanda Pushkar had been given a stake in the IPL, specifically, the Kochi (Kerala) team. She later renounced it when it led to charges of corruption against her recently married husband Shashi Tharoor.

Kasli writes:

“The most important aspect of Team Kochi is that almost its entire $333 million has come from Gujarati investors based in Dubai and Mumbai.Two prominent investors in the team are Atul Shah of Anchor Earth, makers of Anchor Switches, and diamond merchant Harshad Mehta, whose family is the largest exporter of diamonds in India and who holds a personal stake in Team Kochi through Film Wave, owned by Rosy Blue. Both families enjoy a celebrity status in the Gujarati community.”

Lila: More here about Harshad Mehta, the diamond merchant:

“Some 300 Indian families mainly hailing from the state of Gujarat live in the port city of Antwerp, the world’s rough diamond trading capital. Today, Indians control 60% of Antwerp’s rough and polished diamond trade that recorded a turnover of $36bn and contributes 8% of Belgian’s exports.”

The Kochi IPL owners also figure on a list of Indian black-money in Germany that the Indian tax authorites and the Reserve Bank of India have confirmed.

Some of the black money  appears to have been generated by sophisticated price rigging schemes involving the resale of diamonds, which has deprived the Zimbabwe treasury of money.

However, the largest investors in the Zimbabwe diamond mine at Marange are not the Indians, but the Chinese:

“Chinese nationals and state-owned companies are the largest investors in Marange. Many work in partnership with Zimbabwean military chiefs, who have seats on the boards of diamond mining firms.”

Shelly Kasli:

“Bringing Narendra Modi in the line of fire, Kochi franchise spokesman Satyajit Gaikwad said everyone knew about his “nexus” with Lalit Modi and the concerted effort by them to deprive Kochi of IPL team and get a slot for Gujarat.”

Lila: Lalit Modi is the corrupt chief of the IPL, which has been scandal-ridden since day one and last year was reeling with scam after scam.

When the Pushkar investment was outed, Tharoor was forced to resign his then position. The idea was that the Kochi IPL would head to Gujarat and be under Modi.

Narendra Modi was behind the pressure from Lalit Modi to move the Kochi IPL north.

Narendra Modi is supportive/protective of the diamond industry (centered in India in Mumbai and Surat) and also supportive of the global diamond industry, affiliated with Zionists.

Modi’s PR agency is APCO International, affiliated with Kissinger Associates. It is a strong proponent of the war on terror and its positions are supported by a wide-variety of right-wing think-tanks, like the Heritage Foundation, which are linked to CIA/Mossad directly.

It now makes sense to me why Subramanian Swamy – whom many people regard as a Mossad stooge -tweeted out that  Mehr Tarar was ISI.

It might have been a distraction from the real story behind Pushkar’s death.

It also explains why the major media (BBC, Guardian and so on) are treating the whole story as suicide.  Varkey’s GEMS foundation is behind a network of schools closely tied to multiple churches in the UK.

It’s also possible that this something more complicated, perhaps a playing out of spy and counter-spy.

As I said, Subramanian Swamy, who put out the viral tweet that Pushkar was eliminated by ISI, has himself been fingered by many people are a Rothschild/Mossad stooge.

The Rothschild cartel finances the right-wing, but through George Soros and affiliated Foundations that front for the CIA, it also finances the anti-Zionist/anti-establishment opposition.

UPDATE: Sumana Pushkar was introduced to Shashi Tharoor in 2010. That was when what I call the War on India (partly described in Breaking India)  that is orchestrated by the Rothschild banking cartel  and its propaganda machine first began to become obvious to the public.

She was introduced to Tharoor via Sunny Varkey, a Kerala businessman based in Dubai who is linked to Dawood Ibrahim, as a front man.

Ibrahim (D Company, as he’s referred to in media) is widely regarded as a CIA/Rothschild front.

She was volatile and got into confrontations with strangers.

ORIGINAL POST

Yet another bizarre story in the unfolding drama called “Break Up Of India” reported by The Financial Express.com:

“Call has been made for Union Minister of State for HRD Shashi Tharoor to be removed from the Cabinet till the probe into his wife Sunanda Pushkar’s suspicious death gets over.

Sunanda Pushkar died on Friday after a row erupted over ‘affair’ between her husband Shashi Tharoor and Pakistani journalist Mehr Tarar.

The first reports of the demand emanate from TDP president N Chandrababu Naidu.

In a statement issued here today, Chandrababu wanted the police to book a case against Shashi Tharoor under the Domestic Violence (Prevention) Act alleging the latter was responsible for Sunanda’s death.

“An impartial probe should be conducted into her death without scope for any political interference,” the former Chief Minister added.

Chandrababu condoled Sunanda Pushkar’s death.”

My Comment:

Shashi Tharoor, former UN Under-Secretary General, current Indian minister, also a fine writer and author, was alleged to be on the verge of breaking up with his wife in a bizarre tweeting episode, in which his volatile wife apparently used his twitter account to tell millions of followers that he was having an affair with a Pakistani journalist, Mehr Tarar, whom she termed an ISI spy. Tharoor and Tarar denied the allegations.

A private email between the two that has gone public seems to indicate a friendship misunderstood by Sunanda.

Tharoor is alleged to have been involved in corrupt dealings,

Sunanda, his dead wife, was a Dubai entrepreneur. Tharoor is alleged to have once rescued her son from the custody of the UAE police over drug possession charges, using his influence as an Indian Minister. He and his late wife denied the charges.

So we have a Kerala minister (Tharoor is from Kerala and Kerala is a conduit for drug money-laundering not only through land purchases, but through the Indian Premier League – a lucrative, entertainment-cricket industry – in which Tharoor’s wife Sunanda held shares, corruptly, it is alleged); we have a Dubai business woman (Dubai is a center of money-laundering into India and terrorist-financing); we have a Pakistani journalist alleged to be an ISI spy, an allegation made over Twitter, whose India chief is a Kashmiri separatist; and to complicate things Sunanda herself is a Kashmiri Pandit.

She is closely tied, it is reported, to a real estate firm owned by the Sheikh of Dubai, who just happens to be closely allied to the US.

The twitter announcement via hacking of an alleged affair smacks of a psyop.

The rebroadcasting on Western media by the communist  NY Times author Suketu Mehta that “Sunanda was killed by Twitter” seems to confirm that this is a psyop intended to tarnish and topple Tharoor, who has been admitted to hospital with a heart condition.

Another tweet that linked ISI to Sunanda’s death is going viral. That itself suggests that Sunanda’s death is not linked to ISI but to CIA/Mossad and Dubai – that is, to the Rothschild cartel. The use of Twitter in all this is very interesting.

I believe attempts might be made to frame Tharoor in some way? Or?

There are also chances are the dead woman herself might have been an operative, who ensnared Tharoor and has now been disposed of by her paymaster.

Autopsy has revealed that she died of an overdose of prescription drugs, including sedatives. She is said to have suffered from lupus and tuberculosis. There are conflicting reports of how serious those conditions were.

My first thought was that this might be a set-up, with the phony ISI accusation working as a red herring to distract from the real spy-nexus, in Dubai.

Perhaps Pushkar was eliminated and then given a few hits to the body, to make allegations of domestic violence or even murder plausible.

Even if those allegations can’t be proved in court (and hey, Indian courts cannot be trusted, right?) they are enough, via Twitter/social media recycling, to end Tharoor’s career.

Twitter-social media is controlled by the NGO-Ford Foundation-CIA, which funds people like Arwind Kejriwal, Medha Patkar, Amartya Sen, and many other willing and unwilling accomplices in the establishment of the Rothschild-run global dispensation.

Which could be the point, if the intention is to topple the government….or to help this lot?

Why? For this reason...maybe? Not sure…

Those are speculations, but reasonable ones, at this point.

US Navy Kills Indian Fisherman Near Dubai

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Update:

To make my original post a bit clearer, you’d have to understand what is called “convergence” by some people. I call it the “commie-capitalist” kiss up.

What this amounts to is this. The elites try to subvert a country by soft and by hard power. The soft power angle is worked by human rights groups intentionally misrepresenting or exaggerating valid social concerns in a way that provokes rioting, secession, terrorism or civil war.

This then gives an excuse for intervention by the hard power arm of the empire (NATO police action, arms sales, legal actions, war financing).

In the case of India, you have a concerted ideological war on Hinduism played out in the looting of temples through communist-dominated/Christian friendly state governments.

Then you have the human rights focus on the plight of Dalits (socially the lowest caste). Their legitimate grievances are amplified and manipulated by Western interests to fracture the social fabric and enable legal action against state and federal governments which ultimately accrue to the benefit of Church-sponsored  NGOs and the Western powers themselves. Thus, in increasingly globalized Tamil Nadu,  Tamil secessionism is encouraged. Rumors of CIA/ Mossad involvement in the area should also not be discounted.

Then you have the communists in the West making common cause in the media with the communists in China (on the one hand)… and on the other, conflating the just demands of the Palestinians in the Middle East with revanchist Caliphate claims in India. This also incites secession among Muslim dominant states.

As someone who believes Asia has always been the main focus of the global elites since the end of WWII, the convenient Muslim terrorism narrative provides cover for both the expansion of Western hard and soft power in Asia, as well as a feint behind which covert operations against alleged allied of the US, like India, are conducted. In that sense, India is less an ally as it is a host incubating a parasite  that will eventually kill it.

Simultaneously, the globalist elites pressure the government through psychological war and cyber-war.  This explains the increase in negative portraits of India, the recurrent attacks on the political leadership for not giving into the demands of multinationals. For example, Arcelor-Mittal CEO  Lakshmi Mittal has  demanded that the Indian economy grow at the rate of 10 percent. The expulsion of Rajat Gupta (connected to Manmohan’s opening of the economy) displays the fist behind Mittal’s request.

Mittal has recently joined the board of Goldman Sachs (2011), and like the bank,  works with Rothschild interests, which were behind the opening of the Indian economy in the 1990s.

ORIGINAL POST

The Statesman reports on American naval fire on an Indian boat off the coast of Dubai.

Although so far it seems to be only an accident,it wouldn’t be far-fetched to wonder if it wasn’t a shot  in the low-grade psy war on India, about which I blogged here (Chinese cybera attacks on Indian naval HQ in Vizag) and here (Time’s derogatory cover of Manmohan Singh) and here (the criminal prosecution of Rajat Gupta, the man who opened up the Indian economy, most likely  by connivance between the government and the banking elites)  and  here (Rajiv Malhotra’s thesis of a US strategy of “breaking India” via  postmodern transnationalism, US intelligence and human rights activism all converging in NGO’s like Wikileaks that act as the soft power arm of  empire).

DUBAI, United Arab Emirates — An Indian fisherman aboard a boat shot at by the U.S. Navy off Dubai’s coast has told officials the crew received no warning before being fired upon, India’s ambassador to the United Arab Emirates said Tuesday. The account differs from that provided by the Navy, which said it resorted to lethal force Monday only after issuing a series of warnings. One Indian was killed in the incident, and three of his countrymen were seriously wounded. The shooting underscored how quickly naval encounters can escalate in the increasingly tense waters of the Gulf.”

Note that this isn’t the first naval accident recently. In February 2012  an Italian cargo ship fired on an Indian trawler off the coast of Kochi in South India, killing two Indians. The equivalent of this would be Barack Obama’s face appearing in The Indian Express with the word ‘loser’ under it; Carly Fiorina arrested and convicted on weak evidence in India, while Indian CEOs guilty of multicrore fraud played witness for the prosecution; Indian and Iranian war ships shooting and killing American fishermen and officers off the coast of Florida and Scotland; and a pallid Indian hacktivist with an arrest record haranguing America on its internal affairs from the pages of a Chinese paper.

Alleged Israeli Agent Arrested Over January Killing Of Hamas Leader

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Raf Sanchez at Times Online June 12, 2010:

“An alleged Israeli agent wanted in connection with the killing of a Hamas leader in Dubai has been arrested in Poland.

A man using the name of Uri Brodsky is suspected of having supplied a fake German passport to a member of the Mossad assassin squad that was said to responsible for the slaying of Mahmoud al-Mabhouh in January. German authorities issued a European-wide arrest warrant and he was picked up by Polish authorities earlier this week, said a spokesperson for the German federal prosecutor’s office which is seeking his extradition.”

Read the rest of this article at The Time Online (UK)

Dan Denning On Dubai, Copenhagen, And The Stock Market

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Dan Denning, author of “Bull Hunter” (Wiley, 2005), in the Daily Reckoning (Australia):

“The S&P 500 hit a 14-month high overnight. The conventional wisdom is that two news events are responsible. This is probably wrong. But let’s look at both events anyway and see what happened.

The first is that Abu Dhabi extended a $10 billion in financing to debt-distressed Dubai. Hossanah! Remember, Dubai is not Lehman. It’s Bear Stearns. It’s merely the reminder that there are lot of leveraged investors in the world who’ve used borrowed money to buy assets that aren’t very productive. They’ll get theirs soon enough.

The second bullish item is that ExxonMobil (NYSE:XOM) made a US$41 billion all stock bid for Houston-based natural gas company XTO. This sent Exxon shares down 4.4%. Thus the Dow’s rally was a bit tepid (XOM is a Dow component)……

Exxon is either getting a bigger foot in the U.S. natural gas market or hedging against cap-and-trade legislation, or both. We vote for both. No one is in a better position to know about the constraints on global oil production and discovery of new reserves than a major company like Exxon. And Exxon has seen firsthand that unconventional natural gas can be a lucrative little market.

But are those two bits of news really enough to send the market higher? Probably not. Who knows why the market goes higher? It does what it does. There’s an alternative explanation.

The alternative explanation is that the Copenhagen climate talks look like they’re collapsing into confusion and President Obama’s legislative agenda is in tatters. The private sector absolutely loves this…..

Good policy? Bad policy? Who knows? All we know is that the more uncertainty you introduce into the markets, the more conservative and defensive investors are going to get……

That’s not to say that a deal won’t come out of Copenhagen. Maybe the planet will be saved. Or maybe Copenhagen is the sell signal for global warming as a big idea/moral issue with which to bash the public. But either way, we reckon the stock market actually likes the idea that no climate deal is imminent and that healthcare legislation in the U.S. Senate can’t seem to get 60 votes.“

My Comment

Full disclosure: I worked for Agora two years ago. I receive no financial or other compensation ( trips, free food, passes to movies, restaurants, invites to exclusive seminars, commissions on real estate, insider deals etc. etc.) for mentioning them.  But, if you´re writing about financial contrarians, they´re the original ones ….

My own difficulties with and criticism of them do not – and should not – prevent me from correctly attributing and acknowledging their work in populariazing nearly all the main issues that are now being debated in the media. Certainly, it was through them, and through Lew Rockwell, and Mises, not through establishment media or their blogs that I received an education in Austrian economics (I should add that I was always instinctively oriented to it, from childhood on).

Having deleted my facebook account after the social media wrestling-match between the Wall Street media mob (and backers) and Deep Capture´s investigative team (and backers),  I am now content with actually writing emails or making phone calls to people I want to contact. Thankfully, there aren´t many I do.

Gold Sinks Further, Dollar Surges..

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We will need to see a few more days of supporting action, but as of now, it looks like gold might be beginning the long-awaited correction.

How deep that will go is anyone´s guess, though the recent central bank buying is supposed to lay a floor for it above $1000. Now, normally I wouldn´t bet the house on that, but I´ve come to see that pronouncements from insider analysts (at GS) are no longer just market analysis to be weighed. They are announcements about the course of action the banking cartel is going to be supporting.

The trigger for this? I think it´s that upbeat jobs number, which is probably taking some speculative money out of gold …especially as gold is technically very overbought and institutional buyers want to lock in profits before the year end.

Dubai is more important than most commentators think, even Marc Faber. They say the numbers involved are  too small.

But, as I blogged earlier, they´re  not seeing the contagion possible.

Here´s what they´re discounting:

1 We don´t know what the numbers from Dubai really are.  We can´t be absolutely sure. They keep changing them.  $125 billion (the highest figure I´v heard) may not be enormous in a global context, but we don´t know how its tied up with investments and where. A firesale of Dubai Worlds real estate could have unsettling effects all over the world.

2. Dubai has an impact on the property market, not just in Dubai, but in London and New York where Dubai Worlds has holdings, and also in India, where real estate and employment could take a hit.

3. Banks have leveraged exposure through derivatives, beyond what they are admitting in public.

4. These are banks that are already broke, for all purposes.

5. When the banks involved are not themselves broke, they are backed by governments that are broke, or near-broke.

6. The government with likely the most exposure is Britain. Britain is on the verge of sovereign default.

7. This happens just as the second down-leg in real estate is unfolding, and along with it the just-as- leveraged commercial real estate market (see the recent zero hedge post on an ongoing  CRE failure in Chicago), where there´s little pressure for the Feds to step in.

8. This happens after a 10-month run up in the stock market in what is essentially a bear rally, according to many experts.

9. This happens when the government has escalated an unpopular war in Afghanistan, calling for more troop commitments and more money

10. This happens after massive further government commitments in health care and other social spending.

Would the dollar move up just on the back of an employment number that was widely acknowledged to be misleading? I don´t know.

Do I know if gold will sink below $1000? No.

But CB (central banks of India etc.) buying is said to have set the floor. Me, I  think that was a bit of help given by the RBI (CB of India, Sri Lanka, etc.) to the IMF, seat of power of the globalists. Even the IMF admitted it got lucky.

Will that bit of market manipulation to the upside be enough to stave off the deflationary effect of develeraging asset derivatives?

I don´t know, but I suspect it won´t.

I’m anticipating  a rush into the dollar like we had in 2008…maybe not as strongly…
maybe gold will sop up some of the rush this time. I think that´s what the CB´s are hoping will happen.

But again, one can´t be sure, for the simple reason no one knows how much more bad debt there is and where it is.

More Fall Out From Dubai On Indian Market

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Business Standard:

“Segments of the economy such as consumer durable and core industrial growth that are driving the current recovery in the Indian economy are purely a function of domestic stimulus initiatives and remain to that extent relatively insulated,” HDFC Bank said in a report today.

However, areas such as exports, remittance, banking and construction as well as real estate are likely to see further damage, the report added.

Exports are going to be the most affected by Dubai woes, as the UAE region is now India’s largest export destination toppling the United States.

Besides, bullion trading in Dubai is likely to be impacted, which may have ripple effect for India as around $29 billion of gold from the country is being traded in Dubai.”

Madoff -Related Accounting Firm Does Dubai´s Accounts..

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From the Independent:

“Dubai World will start a formal process next week that will see it invite leading banks, including HSBC, Royal Bank of Scotland (RBS), Lloyd’s Banking Group and Standard Chartered, to create a steering committee to represent the many lenders. KPMG has been lined up by the lead banks to represent them in negotiations, with a formal appointment expected once the compilation of the five-to-six bank steering committee is finalised.

My Comment:

Now, KPMG is the big four accounting firm that gave Madoff´s representations to Tremont Group Holdings (a US fund that Madoff purportedly hoodwinked) a thumbs up.  The Tomchin Family Charitable Trust, one of numbers of investors who were allegedly scammed by Madoff,  has launched a lawsuit against KPMG and Tremont for negligence in monitoring one of Tremont´s funds that invested with Madoff.

The lawsuit included a list of other Madoff clients that included Victoria de Rothschild of the banking family of the Rothschilds and a Tory party contributor:

“Also on the list of Mr Madoff’s British clients is Lady Victoria de Rothschild, who is related to Nathaniel Rothschild, the co- chairman of Atticus Capital, the hedge fund.

Lady Victoria is a well-known figure on the society circuit and became known more recently as a lender to the Tory party, having set up a special company that gave the party a £1,014,000 loan that is due to be repaid in 2010.”

(Times Online, February 5, 2009)

KPMG has also been hit with a $1b lawsuit for “reckless and negligent” auditing of failed subprime broker, New Century Financial, reportedly the first major case against an auditor arising from the financial crisis.

My Comment

So we have a Madoff-tainted accounting firm KPMG, with multiple legal problems, representing the banks that loaned to Dubai on one side, and  (as I noted before) French banking legend Rothschild on the other side, heading up the restructuring efforts for Dubai….

Wiki has a list of KPMG´s legal infractions that includes this:

“In February 2007 KPMG Germany was investigated for ignoring questionable payments in the Siemens bribery case.[29] (Siemens agreed to pay a record $1.34 billion in fines to settle the case in December, 2008.) In November 2008 the Siemens Supervisory Board recommended changing auditors from KPMG to Ernst & Young.[30]

In 2006, Fannie Mae sued KPMG for malpractice for approving years of erroneous financial statements.[31]

In March 2008 KPMG was accused of enabling “improper and imprudent practices” at New Century Financial, a failed mortgage company[32] and KPMG agreed to pay $80 million to settle suits from Xerox shareholders over manipulated earnings reports.”

Some confidence-builder… a bank that´s been closely connected to the Madoff scam and to the Fannie and Freddie case (and hence, to Goldman Sachs)…

And, how about this:

KPMG and Deloitte were brought in to investigate India´s ¨Madoff¨” – the fraud- riddled IT outsourcing giant Satyam (now Mahindra Satyam, its post-merger avatar – over the objections of the Institute of Chartered Accountants, India´s regulator, which said KPMG was not registered with it and would thus not be subject to its code of conduct or disciplinary proceedings.

Dubai Government Thumbs Its Nose at Creditors

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After tentatively implying that there would be a back-stop to Dubai World´s debt problems, the Dubai Government on Monday disowned any legal obligation to Dubai World and told creditors that they needed to take responsibility for their loans.

“Creditors need to take part of the responsibility for their decision to lend to the companies,” said Abdulrahman al-Saleh, director general of Dubai’s department of finance. “They think Dubai World is part of the goverment, which is not correct.”

(Reuters)

My Comment:

What´s going on here? The back and forth isn´t recent, but has been going on the whole year, with Dubai implying at one time that its debt load was taken care of, and at another, that it still had more problems; and in this instance, first seeming to back up Dubai World and then, backing-off from its backup….

The timing and vacillation seem to suggest that the government is testing the market and the reaction of investors before making its move. Not good.

And it leaves open the possibility, already raised by UBS in a recent Bloomberg piece, that the problems exceed the $80 billions of government liabilities and might extend to off-book structures that are not presently known.

Update:

After weekend assurances from Dubai that its much richer fellow-emirate Abu Dhabi, seat of the UAE federal government, would help, and that liquidity would be assured for local and international banks that needed it (through a “special additional liquidity facility”), Asian markets recovered this morning from their sell-off last week. But this morning, the local stock exchanges have been hit hard and this new announcement could provoke a second sell-off in world markets, especially in the UK FTSE, since British banks, especially Royal Bank of Scotland, have loan exposure to Dubai World.

Then, there´s also the exposure that UK banks have to other investments where Dubai World holds a stake.

And there´s the indirect exposure US banks have to Dubai through ties with UK banks.

India Fears Effects of Dubai Meltdown

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After earlier assurances that the Dubai meltdown wouldn´t impact the Indian market much, top officials now admit in published reports that the Indian labor market could be affected.

“Annual remittances to India from UAE is about 2 billion US dollars, out of the $52 billion sent by Indian expats from across the world.Two-thirds of the six million people living in Dubai are Indians, more than 60 per cent of them Malayalis, much to the worry of Kerala’s Finance Minister T M Thomas Isaac.“One main fear,” he notes, “is that the credit to realty sector in Dubai would be frozen for some time. It could seriously affect the construction sector, thereby our workers.” There is also concern about the fate of Kochi’s Smart City project as the Dubai-based real estate giant TECOM is already alleged to be in a bad shape.Most of the Indians employed in the UAE, according to recruitment agencies, are in the real estate sector, financial services and retail.“The Middle East meltdown,” says E Balaji of Chennai-based headhunting firm Ma Foi Management Consultants, “will lead to at least 25 per cent contraction in the job market. It can have a ripple effect.”

My Comment:

I´m assuming that the job market refered to is the job market for Indians in the Middle East….

Meanwhile, the rupee has come under pressure as the Indian stock market sold off on the events in Dubai.