and all will be fine Insha' Allah :)
Thursday, October 09, 2008
Where I work and with whom i interact on daily bases are overwhelmed by the economic melt down that has been going on every day recently...In Egypt we started fearing the fall of the stock market which slided bit by bit till it fell 17% last Tuesday.
Foreign Investors in Egypt are withdrawing and the market has frozen.
On the other side of the earth...what has been going on in the US transmitted more fear...when things like: the USA has 438 billion $ deficiency in the budget!!
When we see on the news crimes and suicides committed because of severe economic crisis hitting people...The word CRISIS is on every tongue now.
A friend of mine who's a Risk Manager in an European Bank is actually considering moving out of the country...to where?? EUROPE.
As for me and the business I'm involved in which is related mainly to Dubai...the princess of the Arab world and the no. 1 country in the middle east right now when it comes to stable financial status...they're panicking over there as well.
Bottom line: When stocks are down and real estate too ( which is the prime rare product on the face of the earth and the most needed: more people Vs less land )
It rings a big big bell.
Regardless of all of the above, I find myself taking the whole issue with a different approach.
and this is actually not naive nor lacks practical thinking, I just have to think:
well, Individually which is the breakdown of the world it self...I have my rezq from Allah.
And like every other situation when someone with the least amount of faith finds himself at jeopardy or at risk, they run to who's the most powerful and capable of giving without reasons...we run to Allah.
And if for one second i let my heart feed from the " crisis" talk and panic for the bread and butter on my kids' table because of a financial status in a country or even the whole universe then I'd be slowly killing myself.
That doesn't mean that I'm 100% sure that I won't be affected if ever a crisis did hit the economy...no, I could...but that'll be the life experience I'm supposed to have at that time and date - god forbids - and reasons won't make any difference...such test could be due to any circumstance.
The only thing that people are obligated to do at the time being is:
Because such panic makes lots of business sharks feed over the little people's money...they should have mercy and not steel in the dark.
Everyone should work twice as hard to contain any stressful situation within their company.
If - god forbids - a cut down in Co. expenses is needed and i mean REALLY needed we should tolerate that.
Great spirits and positive thinking is like Magic...STOP repeating the big big word: Crisis.
on a last note, I believe that world economics won't be affected for long...because, and to simplify it, wealth is in the hands of people who want to maintain it...and those won't stand still while their fortunes get lost...along history, nations suffered financially mainly because of WAR....because war always meant destruction of financial resources, man power and suspension of production...other than that, it's all temporary.
Keep the faith, and again the hard devoted work and hold your head up high.
