New ‘Vision of Dubai’ gold coins but futures contracts more popular
The second limited edition ‘Vision of Dubai’ gold coins are on sale from today featuring the first palm island on the reverse and Sheikh Mohammed bin Rashid Al Maktoum, the visionary Ruler of Dubai.
Demand…
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New European recession to be signalled by the UK budget next week
Britain’s new coalition government will announce its emergency budget next Tuesday with tax rises and extensive public spending cuts inevitable. This is a decisive step in the fiscal and monetary squeeze that will force Europe…
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Five important charts for gold bugs
Interest in gold investment is rising with the price of the yellow metal again closing on a new all-time high today. How high will gold ultimately go?
ArabianMoney thinks $5,000 an ounce is possible, largely…
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Blanchflower says rob the pensioners to pay off UK debts
Former Bank of England Monetary Policy Committee member and leading UK economist David Blanchflower is suggesting that the UK target a higher inflation rate to deal with one of the highest national debt moutains in…
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Housing an obvious investment bubble in the UK and Australia
British and Australian home owners who think they have beaten the global economic crisis by investing in property are about to suffer a nasty shock as interest rates revert to more normal levels, and house…
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Why 5.65% mortgages for Abu Dhabi and not Dubai?
It is good to see Abu Dhabi Finance setting its lowest mortgage rate at a 5.75 per cent. But why is this market-reviving level of home finance only available in Abu Dhabi and not Dubai?…
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Afghan war cost likely to exceed $1tn mineral asset discovery
The total cost of the US war in Afghanistan is likely to exceed the $1 trillion value of mineral wealth recently discovered in the country by the US Geological Survey.
In 2007 the Congressional Budget…
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Will $100bn debt refinancing over 18-30 months hit recovery?
The need to refinance around $100 billion out of an estimated $148 billion owed by Gulf companies, mainly in Dubai and Abu Dhabi, over the next 18 to 30 months is going to hobble economic…
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Golden opportunity for $1 trillion Islamic banking industry
Now that the entire Western banking system has been exposed as a massive scam that has overcompensated bankers and defrauded shareholders, the $1 trillion Islamic banking industry ought to be coming into its own as…
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Dubai International Capital dissolves board
The private equity arm of Dubai Holding, which is owned by the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, dissolved its board last January and is now under the direct supervision of the…
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