More English films needed to enhance status of the Dubai film festival
Last night the seventh annual Dubai International Film Festival kicked off with a red carpet viewing of The King’s Speech, a British drama starring the famous English actor Colin Firth who also attended the event.…
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Sheikh Ahmed replaces Bin Sulayem as chairman of Dubai World
Emirates Airline boss and chairman of the Dubai Supreme Fiscal Committee Sheikh Ahmed bin Saeed Al Maktoum has replaced long standing Dubai World chairman Sultan Ahmed bin Sulayem whose father once occupied the same position.…
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Britain is bankrupt says Jim Rogers
George Soros’s former hedge fund partner Jim Rogers weighs into Britain whose debt mountain is the largest after Spain (click here). He criticises high levels of British military spending and social welfare.
Jim Rogers…
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What economic crises lie ahead for 2011?
The alternative financial commentators are pretty battle weary after more than three years of gloom and doom. But after a long period of lurching from one economic crisis to another there is little to suggest…
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Emirates NBD gold deposit scheme, first sign of mania stage for gold?
You have to wonder whether gold and silver are about to enter a final mania stage of their long bull run when the largest bank in the Middle East comes up with a gold deposit…
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Marc Faber explains where next for interest rates
2010 may not go down as a good year for global economies but it has been a good year for Marc Faber whose predictions have been right and right again.
Most recently he has been…
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UK more indebted than Portugal, Ireland or Greece
In the authorative Economist league table of countries most endangered by high levels of public and private debt below it is the UK that comes second after Spain, and not the eurozone periphery of Portugal,…
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Energy and water costs go up 15% in Dubai from January 1st
2011 is already shaping up to be a year of inflation with news that Dubai water and electricity charges will go up by 15 per cent across the board from January 1st.
The announcement from…
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QE2 pushing interest rates up and not down
US mortgage rates have risen by 0.85 per cent since the Federal Reserve first signaled its intension to go for a second round of quantitative easing three months ago. And this week the yield on…
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Dubai set to cancel a lot of projects in 2011
Dubai is set to cancel a lot of projects in 2011, allowing investors to get their money back, or what is left of it in escrow accounts, according to an exclusive interview with RERA chief…
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