IMF puts Dubai Inc debts at $109m
Dubai Inc, a familiar term for the Dubai Government and its many offshoots has total debts of $109 billion, according to a 67-page report from the International Monetary Fund reviewed by The National newspaper today.…
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Markets at a major turning point?
It is not just the Bradley date in the financial astrology calender tomorrow, nor the warnings from the chart experts like Bob Prechter and Harry Dent that the end is nigh, there is also the…
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Worst GDP growth in USA since 1946
You have to go back to the year following the Second World War for a comparable fall in GDP to last year in the USA. Overall GDP fell by 2.4 per cent in the world’s…
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Can du now afford to cut Broadband prices?
The UAE’s second telecommunications company du has just declared a net profit of $72 million for 2009 after provisions for a 50 per cent royalty for the government compared with just over a million dollars…
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Hard data shows US recovery in trouble
The worst new housing starts for 23 years in January, consumer confidence way below expectations and a build in oil inventories, this is not the stuff of a US economic recovery.
How much more does…
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Latest interview with Bob Prechter Part Two
Also hear Part One (click here).
Latest interview with Bob Prechter on the coming Great Crash
Also hear Part Two (click here).
Professor Rogoff right to warn about the Chinese bubble
Harvard University Professor Kenneth Rogoff is the latest expert to warn on a bubble building in the Chinese economy, one he says will produce 18 months of almost zero growth within a decade.
Such decennial…
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Hotel review: Activhotel Veronika, Seefeld, Austria
The Activhotel Veronika is an outstanding choice for value-for-money and quality hospitality in a very convenient but quiet location in the Austrian village of Seefeld, well known for its Olympic skiing and fashionable shopping.
The…
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Cash-for-gold not a market top signal
It is quite worrying to switch on German TV and see an advert for ‘gelt fuer geld’ or cash-for-gold. Four years ago TV adverts for courses in how to flip US real estate were a…
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