Dubai property inventory: villas four years, apartments three
A conservative calculation of the property inventory in Dubai suggests that the city presently has a four-year supply of villas and three-year supply of apartments.
Last week saw sales of 12 villas and 278 apartments,…
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Arabian Money: Gulf sovereign wealth funds dump bank stocks
Qatar is following Abu Dhabi in downsizing its stake in the British bank Barclays, only acquired less than a year ago to help the bank survive the global financial crisis without state aid. It seems…
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Arabian Black Gold: $90bn for oil and gas in three years
The Gulf Cooperation Countries are planning to spend more than $90 billion on oil and gas infrastructure projects over the next three years, whatever happens to the global economy.
Abu Dhabi’s state-owned Adnoc has $50…
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Arabian Gold: will the Gulf go for revaluation and a gold standard?
Talk about revaluation of the Gulf currencies is back on the agenda as rising inflation exerts pressure on the Gulf dollar pegs, while at the same time rumors of discussions about linking a new single…
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Marc Faber on Intel, US stocks and inflation
Unfreezing of UAE public sector credit just one step forward
In the aftermath of the sudden-stop syndrome that hit the UAE economy last autumn even credit for blue-chip public sector entities froze up. That is now ending.
Yesterday the Abu Dhabi Water and Electricity Authority…
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UAE 70,000 net population loss in Q2
The most interesting statistic to emerge this week is the 70,000 net subscriber loss by the UAE telecom provider Etisalat in the second quarter. Now with mobile penetration actually above 100 per cent this is…
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Burj Dubai to open December 2nd, UAE National Day
GCC benefits from China, US stimulus packages
Yesterday UAE Central Bank governor Sultan bin Nasser Al Suwaidi told a joint meeting of the Federation of Chambers of Commerce and Industry and the business community that the Chinese stimulus package had given oil…
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Japanese pain points to US dollar overvaluation
by UAE billionaire businessman Khalaf Al Habtoor about the plight of Japan and its falling exports due to an overvalued yen.
Japan is often forgotten amid the enthusiasm for China but remains the second…
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