Is the US dollar going up or down, hedge your bets?
)
The opinion of currency analysts on the immediate outlook for the US dollar is almost evenly divided between two extremes: those who think the dollar will rise significantly in value by the end…
Read more »
Madoff sentence a $65bn miscarriage of justice
The record 150-year sentence for Bernie Madoff for stealing $65 billion from investors should not be allowed to distract attention from a grave miscarriage of justice: namely the failure of investigators to find the money…
Read more »
The new Porsche Panamera Four-door Coupe
Porsche’s long awaited first four-door coupe, the Panamera is revealed as a rather heavy looking teutonic power-machine, somewhat akin to the Cayenne SUV. Is this really the car to take on Mercedes and…
Read more »
UAE seeks global role with Renewable Energy Agency
Order online from this link
The United States has thrown its weight behind the UAE bid to host the International Renewable Energy Agency which is due to be voted on today in…
Read more »
Will gold beat the summer doldrums this year?
Summer is not traditionally a good time for gold prices but this year could be the first exception in this bull market. Much depends on how stock markets fare from here. If there is a…
Read more »
Global markets fragile as DFM slumps 6.1%
The Dubai Financial Market dropped 6.1 per cent yesterday, its worst day since last November, led down by a 10 per cent fall in Emaar Properties in reaction to news about its four-way merger negotiations…
Read more »
Financial advisers ought to become really independent
Have you just had a cold call from a long lost financial adviser, even one working for a global bank? These are tough times for the so-called independent financial advisers as according to the Merrill…
Read more »
Dubai real estate asking prices just too high
The four-way merger of Dubai property companies led by Emaar Properties, and the Nakheel led consolidation of Dubai World property interests is major progress towards sorting out the mess left by the Dubai real estate…
Read more »
Four months for Dubai property mega merger
The participants in Emaar Properties’ four-way mega merger have set a tight timetable of just four months to complete the deal. Publicly listed Emaar…
Read more »
Chinese gold moves setting the market up for a price spike
It is interesting to hear a senior economic researcher from the Chinese Communist Party calling for bigger gold purchases by China to diversify away from the US dollar whose devaluation looks inevitable with the printing…
Read more »
