Marc Faber explains the global economic crisis
The final spike of this bear market rally?
Traders with long experience of bear market rallies inform me that it is usual to see a final spike at the end of a long rally like the one we have had since the lows…
Read more »
UAE media hit by triple whammy
The once prosperous UAE media sector is being hit from three directions this summer: a collapsing market for advertising, late payments and less news to report. Each problem would be a major issue, combined they…
Read more »
Reethi Rah restaurants star of The Maldives
It was once thought impossible to transfer the highest culinary standards of the West and East to a tropical island in the middle of the Indian…
Read more »
Record US deficit means GCC should buy gold
Here is the latest gold chart from the respected CliveMaud.com showing gold prices in their usual summer lull.
But if anybody needs a reason to understand why GCC diversification away from the US dollar into…
Read more »
Gold guru Jim Sinclair sees November crisis for US dollar
This is a rare interview on South African television yesterday featuring the gold uber-guru Jim Sinclair who is offering a $1 million bet that gold will reach $1,650 by January 14th 2011.
Here…
Read more »
US dollar not dead yet as Geithner visits the Gulf
US Treasury Secretary Timothy Geithner arrives in the Persian Gulf this week to reassure Arab states that their dollar assets are safe. Yet he will find himself largely preaching to the converted.
Arab central bankers…
Read more »
China heading for its own sub-prime banking crisis
China has offset the impact of a huge collapse in its exports this year by indulging in frenzied domestic lending that all past experience suggests must end in a banking crisis similar to the recent…
Read more »
How many more jobs to go in the UAE?
Dubai Government developer Nakheel has just announced 400 more staff redundancies on top of the 500 cut last December, the latest round of job losses in the UAE where one-out-of-10 people have become redundant in…
Read more »
Oil price below $60 sends Gulf stocks lower
Gulf stocks have taken a beating over the past week with pressure on hydrocarbon prices giving investors packing up for the summer another reason to sell.
Oil prices could move even lower. After all $60…
Read more »
