Dubai heading for $100bn debt
Dubai may have total debts of $100 billion by the end of the year as it draws down a $20 billion bond facility which adds to the $80 billion in accumulated debt the emirate has…
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Jim Rogers, gold, inflation and the dollar
Always good value Jim Rogers is hot on commodities as an investor and author. He sees a great inflation undermining the US dollar and boosting gold prices.
Gold price about to stage a huge rally
The gold price is poised to break through $1,000 an ounce this week and could reach $1,500 before a price consolidation. Yesterday gold and silver closed higher while global stock markets fell as the five-week…
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Marc Faber sees stock market correction
Dr Marc Faber sees a 10 per cent correction coming in US stocks and then a further rally into July. Bonds are entering a 20-year bear market. Asian markets should be bought on…
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Abu Dhabi gives away $2.5bn in new homes
In a new twist on the stimulus package theme Abu Dhabi Government is fully funding a $2.5 billion housing project to be built by Aldar Properties and distributed for free to house around 5,000 middle-income…
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Only a real recovery will boost GCC investor confidence
It is remarkable how many politicians and business leaders have come to the same conclusion: confidence must be restored before an economic recovery can take place.
This insight seems to hit them like a bolt-from-the-blue.…
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IMF sees no green shoots of recovery
The International Monetary Fund is going to warn that the recession is likely to be ‘unusually long and severe, and the recovery sluggish’ in its next World Economic Outlook, reveals The Daily Telegraph.
This does…
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Sheikh Mohammed comes out fighting on the Net
UAE Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum has come out fighting in an open forum on his website www.uaepm.ae. He rebuffs recent international press criticism of Dubai and dismisses…
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A rally comes before a fall in a bear market, follow Soros
There is much gnashing of teeth among financial analysts this weekend who are pondering whether the sudden recent rally in stocks is sustainable, and could go higher than its already record level, or whether this…
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Opportunity Dubai, four months a No1 UK bestseller
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For almost four months ‘Opportunity Dubai’ has been sat in the No1 position of the Daily Telegraph’s Business Book Club which perhaps shows that while Dubai may have…
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