Dubai hotels to show 4.9% occupancy growth this year, 3.2% revenue rise
A new study from STR Global shows Dubai hotel occupancy rising by 4.9 per cent to 74.4 per cent this year. That compares with last year’s 3.6 per cent advance to 71 per cent occupancy.…
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Analysts still don’t get the silver price link to monetary inflation
If you want to follow the smart money you only have to look at the Most Popular Stories listing on Bloomberg each day. Right this moment Silver Bear Market Seen Ending on Europe Crisis:…
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Governor of the Bank of England warns of final day of reckoning
The Governor of the Bank of England Sir Mervyn King is warning that governments have still not addressed the fundamental issue of overspending which lies at the root of the financial crisis. Nations have been…
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Wall Street does not get the eurozone crisis yet as Goldman Sachs reports Q3 loss
Goldman Sachs reported only the second loss in its 12-years as a public company in Q3 losing $393 million, the first deficit since Q4 2008 in the global financial crisis. However, financial markets now look…
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Gordon Ramsay quits Dubai and Versace resort developer pulls out
Two giant global brand names are exiting Dubai business ventures in unrelated moves linked to the global economic downturn and a consolidation of business groups into their most profitable core divisions: Gordon Ramsey and Versace…
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Record Sabic profits highlight ridiculous undervaluation of Gulf stocks
The world’s largest petrochemicals company, Saudi Basic Industries Corporation posted a 54 per cent surge in profits to a record $2.2 billion in the third quarter, perhaps not surprising in a year when oil revenues…
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HSBC axes UAE retail brokerage as equity slump deepens but the bank is so wrong!
Is this another contrarian signal that UAE equities are close to the bottom? Well it could be but trying to gain comfort from HSBC deciding to call it a day for UAE retail broking is…
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Occupy Wall Street protests inspired by the Arab Spring what happens next?
The contagion of the Arab Spring protest movements seems to know no bounds with Occupy Wall Street demonstrations in many major cities across the world at the weekend with one in Rome turning violent.
This…
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MENA region raises a miserable $219m in just two IPOs in Q3
Capital markets continue to be severely depressed with just $219 million raised in only two IPOs, both in Saudi Arabia, across the whole of the Middle East and North Africa region in the third quarter.…
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One last sell-off for silver before we head back to $50?
After seven years of investing in precious metals you become something of an old-hand, not that this would impress the true veterans who recall the late 1970s. They are getting a bit old themselves now.…
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