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Paris Hilton heads to Dubai

A little behind the Trump clan that other symbol of American business culture Paris Hilton is preparing for her first trip to Dubai. The shops are still hot even if real estate is…
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40,000 jobs go in GM bankruptcy, how many more to come?

Around 40,000 jobs will go as an immediate consequence of the bankruptcy of General Motors due to be announced by President Obama tomorrow: 30,000 across the United States and another 10,000 in the connected sale…
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Posted on 31 May 2009 Categories: Bond Markets, Oil & Gas, US Stocks

A multi-cultural solution to Emirati identity

In most countries of the world long-term residents are generally granted citizenship rights, but this is not always the case. Recently the debate has once more opened on how citizenship might be extended to some…
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Posted on 31 May 2009 Categories: GCC Real Estate, GCC Stock Markets, Media & Culture

Marc Faber on coming US hyperinflation

Dubai hotels bring down the cost of eating out

Some Dubai hotels are still demanding ambitious rack room rates but there has been a notable trend towards affordable dining, a response to the near emptying of restaurants last autumn as the financial crisis hit…
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Posted on 30 May 2009 Categories: Business Travel, Destinations & Hotels

Silver shines and will continue to out perform gold

Silver had its best monthly gain in 22 years in May, and ended at $15.70 an ounce, still considerably shy of the $20 the metal reached when gold passed $1,000 in March 2008.
That there…
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Why the nationalization of GM won't work

The United States used to be the vanguard of free enterprise, and yet on Monday the largest industrial concern in the country is to be nationalized. It is the sort of thing that might have…
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Posted on 30 May 2009 Categories: Banking & Finance, Bond Markets, Hedge Funds, US Stocks

Sterling poised for another collapse?

To read the currency analysts you could be forgiven for thinking that the UK was in the vanguard of economic recovery and not drowning in debt, crashing house prices and a government crisis.
Let us…
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Posted on 28 May 2009 Categories: Banking & Finance, Global Economics, US Dollar

Marc Faber predicts US hyperinflation like Zimbabwe

Images from the Weimar Republic of housewives using currency to heat their homes are bound to surface again as commentators discuss Dr. Marc Faber’s prediction of hyperinflation for the modern United States.
In an interview…
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Regulation and taxes to drive bankers to Dubai

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The two things bankers fleeing London most want to avoid are regulation and taxes, according to a new survey from eFinancialCareers, a jobs website.
An online survey of…
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