Severely depressed UK mortgage market heralds price collapse
UK house prices will drop off the edge of a cliff if interest rates start to go up as a knock on effect of the growing euro zone financial crisis, and the lowest mortgage approvals…
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How great is the investment opportunity in Afghanistan?
Today the UAE and Afghan governments jointly hosted a conference in Dubai to promote international investment in Afghanistan. Some $7 billion of foreign direct investment has been made into the war-torn country since 2003 and…
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Bullish US sentiment remains a very negative indicator
Pride usually comes before a fall in stock markets. This is something to do with a combination of all the potential buyers having bought into the market and the herd mentality.
With global stock markets…
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How viable is a privatization plan for Dubai?
Dubai shares fell sharply yesterday in response to an official admission that privatization of government assets was one of the options being considered by the city to reduce its debts, estimated to total $109 billion…
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Q4 2011 delivery for world’s tallest apartment tower in Dubai
The proud owners of some of the world’s highest apartments will take possession in the fourth quarter of next year, according to an exclusive report filed by Emirates 24/7.
The 107-floor Princess Tower in the…
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Is there much upside left for stocks in 2011?
What lies ahead for the US stock markets in 2011? On the one hand economic growth forecasts for next year are none too exciting, and not enough to meaningfully boost housing and jobs. On the…
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Why the Queen should have visited Dubai as well as Abu Dhabi
Last week Her Majesty the Queen Elizabeth II visited the UAE for only the second time since 1979 and curiously avoided Dubai and only visited Abu Dhabi.
Of course, Abu Dhabi is the capital city…
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Suddenly dollars and dirhams seem best for investors
With the euro seemingly in big trouble and a European banking crisis imminent, and the US stock market rally finally faltering amid tepid economic growth, the dollar or dollar-equivalent currencies like the dirham suddenly are…
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Silver up 40% in seven months, Rich Dad right again
Rich Dad book series author Mike Maloney made this appearance on Bloomberg seven months ago and how right he was about silver prices, up 40 per cent since then.
But he is predicting very much…
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Gold deposit scheme for loans from Emirates NBD
Emirates NBD, the largest bank in the UAE has launched a gold deposit scheme that enables customers to borrow up to 80 per cent of the value of gold they deposit with the bank while…
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