How the BA strike is a gift to Emirates, Etihad and Qatar Airways
All Emirates flights to London yesterday were full to the brim as British Airways cancelled one of its three daily flights from Dubai due to strike action by cabin crew. The airline’s only daily flight…
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Market futures indicate a trend reversal for stocks, dollar rally
A surge in put or sell options in New York, and a decline in call or buy options is a classic signal of a stock market trend reversal, and is now in place. On Friday…
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Last bear throws in the towel?
A bear market rally is not usually over until the last bear throws in the towel. Our friends at bearmarketcomparison.com seem about to cross that line. Have a look at this graph:
And…
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'Road to $5,000 Gold' published on Kindle
ArabianMoney editor and publisher Peter Cooper announces that his latest book ‘Dubai Sabbatical: The Road to $5,000 Gold’ is now available as an e-book from the Kindle Store (click here).
Marc Faber on the sovereign debt crisis and buying gold
Mixed outlook for Abu Dhabi real estate
Abu Dhabi real estate was supposed to offer a no-brainer investment opportunity. For after a long building moratorium from the late 1990s, arguably the world’s wealthiest city was short of real estate.
Yet the global…
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Stiglitz warns US housing crisis to worsen as rates rise
Nobel prize winning economist Joseph Stiglitz has warned that the Federal Reserve’s decision to end its $1.4 trillion mortgage debt purchase program this month is going to worsen the slump in the US housing market…
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Dubal shows Dubai core economic strength but profits halve
Healthy profit and revenue figures from the giant Dubai Aluminium Company yesterday are a reminder that the emirate has an economy beyond its failed real estate and construction sector.
Production crossed one million tonnes, up…
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All the good news now priced into global stock markets?
Wall Street breathed a sigh of relief yesterday as the Fed confirmed that ultra-low interest rates would continue for ‘an extended period’, generally thought to be over six months, and rumors of a rate rise…
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Dubai continues its real estate revolution
Local stock markets rose sharply yesterday on the announcement that UAE nationals will now be able to hold freehold title to industrial and commercial property in Dubai, instead of being subject to onerous transfer restrictions…
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