Fahad Micawber
"Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
I always assumed Fahad was wealthy, and, apparently, the family estates provide him about €100,000 per annum. Tax free. This past year, Fahad has drawn an advance of €100,000 against 2008 revenues, and the head of his family says he is not entitled to another payment before 2009.
Meanwhile, Fahad has spent more then €300,000.
About a month ago, Fahad heard that his creditors were getting impatient and were planning to take action, so he responded by purchasing a ticket home to Saudi Arabia (on credit, of course) and proceeded to the airport. He was only about three days late: his creditors had already filed a case with the authorities, and he was detained when he presented his passport at the departure gate.
Fahad is still in custody. The head of his family refuses to advance him another €100,000, saying Fahad must learn his lesson (to leave before the case is filed?).
Majid, a friend of Fahad, was told by the police that Fahad might be released if he could post a bond of about €2,000, and Majid posted the bond out of his own pocket.
After Majid posted the bond, the police said that there were additional cases against Fahad, and additional bonds to be posted before Fahad could be released from gaol. Majid, who is not wealthy, is struggling to raise the money.
I asked Majid how he could afford to pay Fahad's debts, and he said he couldn't really afford it, but he had eaten with Fahad, and Arab custom requires him to help someone with whom he has broken bread.
I know many others beside Majid who have eaten with Fahad, but it seems this Arab custom is more honoured in the breech than in the observance.
I always assumed Fahad was wealthy, and, apparently, the family estates provide him about €100,000 per annum. Tax free. This past year, Fahad has drawn an advance of €100,000 against 2008 revenues, and the head of his family says he is not entitled to another payment before 2009.
Meanwhile, Fahad has spent more then €300,000.
About a month ago, Fahad heard that his creditors were getting impatient and were planning to take action, so he responded by purchasing a ticket home to Saudi Arabia (on credit, of course) and proceeded to the airport. He was only about three days late: his creditors had already filed a case with the authorities, and he was detained when he presented his passport at the departure gate.
Fahad is still in custody. The head of his family refuses to advance him another €100,000, saying Fahad must learn his lesson (to leave before the case is filed?).
Majid, a friend of Fahad, was told by the police that Fahad might be released if he could post a bond of about €2,000, and Majid posted the bond out of his own pocket.
After Majid posted the bond, the police said that there were additional cases against Fahad, and additional bonds to be posted before Fahad could be released from gaol. Majid, who is not wealthy, is struggling to raise the money.
I asked Majid how he could afford to pay Fahad's debts, and he said he couldn't really afford it, but he had eaten with Fahad, and Arab custom requires him to help someone with whom he has broken bread.
I know many others beside Majid who have eaten with Fahad, but it seems this Arab custom is more honoured in the breech than in the observance.
posted by Dubai@Random at 1:43 pm
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