Dubai house prices up 4% as oversupply hits 20%
Colliers International’s house price index shows a four per cent rise in Dubai, the third quarter in a row of rising prices and yet by this property agent’s reckoning the market is already 20 per…
Read more »
UAE hopes up again for a Baghdad bonanza
More than half the foreign direct investment in Iraq to date is believed to have come from the UAE, which was also the first country to cancel Iraqi debt obligations and open an embassy in…
Read more »
Nassim Taleb forecasts future US treasury bond crisis
Author of ‘The Black Swan’, New York University professor Nassim Taleb thinks one day a treasury auction will fail and produce a crisis in the US bond market.
Bernanke is the man who crashed the…
Read more »
No easy solution to US debt mountain says Professor Ferguson
Harvard history professor Niall Ferguson really understands the sovereign debt crisis. He says the US could collapse much sooner than people realize, perhaps even this year.
It is a sobering message but very few Americans…
Read more »
Oil revenue slump to rebound pushing up GCC growth says IIF
The six nations of the Gulf Cooperation Council came very close to zero growth last year with oil revenues tumbling from $570 billion in 2008 to $323 billion, according to the Institute of International Finance.…
Read more »
Roubini warns crisis reaching a new and more dangerous stage
Nouriel Roubini, the New York University professor who first warned about the subprime crisis, has just published a new book entitled ‘Crisis Economics’ which charts the predictable course that such crises take.
His conclusion is…
Read more »
Dubai offices 45% vacant by year-end as oversupply grows
Jones Lang LaSalle says that vacancy levels for Dubai offices will exceed 45 per cent by the end of 2010 as the oversupply of offices continues to mount. Most of the near-empty projects will be…
Read more »
Japanese-style European deflation or US hyperinflation?
Investors in Europe rushing to buy gold because they fear inflation are acting logically to a worry about governments printing money but deflation is actually a far more immediate problem.
The reality of global economics…
Read more »
Arabs, Germans snap up gold, Indians rightly turn to silver
The gold vending machine that started selling the precious metal in Abu Dhabi’s premium hotel, The Emirates Palace sold out within hours and the company behind it plans a chain of such machines across the…
Read more »
Sell this May and go away until after Ramadan
Stocks sold off again last week, and when a near $1 trillion euro-bailout fails to lift market sentiment this is surely the end of the line for the great stock market rally since March last…
Read more »
