DFM falls 3.8 per cent back to 2004 levels, Muscat off another 4.9 per cent
Dubai stocks fell to earth today closing 3.8 per cent down at a level below the lows of last summer and not seen since 2004, before the stock market boom of 2005.
In 2005 the…
Read more »
Egyptian stock market set to fall 10% as it reopens
The Cairo bourse is scheduled to open for trading this week for the first time since the revolution that swept Mubarak from power, and is very likely to test the maximum 10 per cent downward…
Read more »
Saudi stocks drop 5% as two killed in Oman protests
With Facebook opening days of protest pages for Saudi Arabia and even for Qatar, news that two have been killed in protests in Oman sent Gulf stock markets tumbling on Sunday with the Tadawul down…
Read more »
Gold and silver prices set for correction in market sell-off
For some months now ArabianMoney has been reminding readers of recent history in the precious metals market, namely the price collapse in the 2008 global financial crisis. Far from being a safe haven precious metals…
Read more »
Why is Abu Dhabi bothering with such a tiny IPO?
Today the first initial public offering since the global financial crisis goes on sale in Abu Dhabi. But you have to wonder why this tiny $18 million share listing, which is open until March 7th,…
Read more »
Warren Buffett ready for the next stock market crash
The world’s most successful investor is ready for another ‘major’ acquisition and has $38 billion in cash ready to pick up bargains as the stock market falls from its recent high.
Warren Buffett’s famous annual…
Read more »
US mutual fund investors a great contrarian indicator
When retail investors pile into stock markets that is usually the time to get out, note our friends over at Agora Financial, publisher of The Daily Reckoning newsletter. It astutely notes:
‘Investors who call the…
Read more »
Investment implications for oil, gold, silver, stocks of the Arab Revolt 2011
It is a long time since Lawrence of Arabia led the successful Arab Revolt of 1917 to throw off the tyranny of the Ottoman Empire. The 2011 Arab Revolt is a far more home grown…
Read more »
$100 oil as Libya splits and Saudi king returns with $11bn in gifts
Oil past the $100 mark in New York yesterday for the first time since the global financial crisis of 2008, and King Abdullah of Saudi Arabia returned from medical treatment abroad with $11 billion in…
Read more »
Bank of America sees US house prices falling further
The US housing recovery still resolutely fails to happen. House price sales ticked slightly higher last month but selling prices shifted even lower.
The Bank of America cannot see an end to this anytime soon…
Read more »
