Hotel de France, Vienna, faded glory for a reasonable price
Searching for a five-star hotel in the centre of Vienna I came across the Hotel de France at 126 euros and decided that this seemed a bargain too good to pass up. This hotel is…
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Jim Sinclair on the G20 and gold prices
Jim Sinclair continues to give excellent advice on his website. Here he makes six points about the G20 meeting and its likely impact on gold at $1,000. Not much is his conclusion:
1. IMF sales…
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Business scorecard for Dubai autumn 2009
Positive
- The oil price is historically high which supports trade and provides some cash flow
- Passenger numbers up at Dubai airport, airline performing well in global slump
- Jebel Ali port…
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Greatest sucker's rally in history about to break, sell, sell, sell!
You should have a look at how the media covered the sucker’s rally of 1929-30 on this link and then make a cross comparison to the rally in markets since March. The problem is simply…
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Hyperinflation review
Dubai World restructuring, no stake sale to Abraaj
DP World, the publicly quoted subsidiary of Dubai state-owned conglomerate Dubai World, issued a statement to Nasdaq Dubai yesterday to say it was no longer involved in talks to sell a 15 per cent state…
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First impressions of the Dubai Metro
Today I finally got around to trying the new Dubai Metro. The video is not mine but gives a nice speeded up view of the ride.
My first impression was the luxury and space.…
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Stiglitz backs Whitney on pessimistic bank outlook
Nobel prize winner Joseph Stiglitz, former chief economist at the World Bank and member of the White House Council of Economic Advisers, has warned that the world economy is ‘far from being out of the…
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Condos flood the market on Palm Jumeirah
Arguably the eight wonder of the modern world, and certainly a landmark in the global real estate industry, the Palm Jumeirah is suffering from something far more mundane these days, an oversupply of apartments.
Just…
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Sovereign wealth turns to dust for Istithmar World
A year ago and I was a guest at a lavish traditional sukoor dinner for Ramadan hosted by the Dubai sovereign wealth fund Istithmar.
These late night dinners in Ramadan are always a little odd…
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