Greek debt tragedy coming to a tipping point
European finance ministers have failed to reach agreement to release the next tranche of debt relief to Greece and have instead thrown the problem back to the Greek prime minister who now has to secure…
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Still too early to buy stocks in Qatar and the UAE
An announcement on the inclusion of Qatar and the UAE into the MSCI emerging markets index could emerge as early as today. The National Bank of Abu Dhabi told ArabianMoney this would be worth $3-4…
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Can du really do this?
An unwelome phone call out-of-the-blue from the UAE’s telecom duopolist du is informing customers for its broadband packages that the contractual payment terms are being changed with no ‘grace period’ for payments at all.
If…
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US going bankrupt warns Jim Rogers
Dire warnings from the former partner of George Soros and legendary investor Jim Rogers. He thinks there will be a QE3 whatever it is called but it may not be enough.
America is going down…
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Oil price down as eurozone debt crisis grows, bad for the Gulf States
ArabianMoney is based in Dubai so it is only to be expected that our viewpoint is biased towards what is best for the Gulf States as Dubai is the trading hub city of this region.…
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StanChart, Barclays pull billions out of the eurozone as crisis looms
The slow motion train crash that is the eurozone banking crisis is not going to impact UK banks Standard Chartered and Barclays anything like as much as some of their rivals and in particular banks…
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Is selling gold Soros’ biggest mistake since the 87 crash?
The retreat from the gold market by George Soros this spring is a highly talked about event in the precious metals market. But reading a recently published history of hedge funds it was interesting to…
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$2bn MAF bond program shows hidden strength of UAE private sector
Gulf shopping mall owner Majid Al Futtaim has established a $2 billion global bond program, the first by a UAE private sector group since the global financial crisis.
Government-owned Dubai airline Emirates issued a $1…
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Global stock sell-off could last until October
The impending default in Greece, whatever it is called, is the immediate cause of six bad weeks for global stock markets. When it happens financial markets will take a big lurch downwards, although the European…
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Dubai bourse highest since February on MSCI index rumours
Dubai shares jumped by 2.2 per cent today on a much higher than normal volume of 194 million shares as rumours circulated that the bourse might have clinched inclusion in the MSCI emerging markets index…
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