Restaurant Review: French fine dining, Stay at the One&Only Palm Jumeirah
French fine dining has long struggled to make it in Dubai. Le Ciel at the old InterCon shut ages ago, though several successors are faring much better around town. Enter the newest contender called Stay,…
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Jim Chanos continues to short China as the bubble grows
The Chinese economy is not stable because there is huge hidden debt in the construction boom. The construction bubble was 16-18 per cent of Western economies before the global financial crisis while China is running…
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Congress fails to see QE2 has already raised interest rates and inflation
Peer into the sometimes mind boggling data series from the 10-year US treasury market and you can clearly see interest rates rising from 2.4 per cent last October to just over 3.6 per cent. That…
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Cazenove star analyst says China to raise gold reserves five-fold and boost gold price
Gold and silver prices were advancing this morning in anticipation of a return from the Chinese New Year holiday, while Cazenove star analyst Robin Griffiths gave the Year of the Rabbit a poke with a…
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$3.4bn Aldar Properties loss casts a shadow over UAE real estate
Aldar Properties has posted a $3.4 billion loss for 2010 after massive write-downs on its asset values. The leading Abu Dhabi property developer has $5.2 billion in projects under construction.
Last month Abu Dhabi Government…
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Goldman Sachs sees nothing worth buying, may start selling
Wall Street titan Goldman Sachs is sat on a $170 billion cash pile and can find nothing worth buying in current markets, reported The Financial Times, adding: ‘If asset prices remain at current levels, Goldman…
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Restaurant Review: dining with the stars in At.mosphere, Burj Khalifa
It is something of an honour to be the first journalist to review the new At.mosphere restaurant on the 122th floor of the Burj Khalifa in Dubai, the highest restaurant in the world’s tallest building.…
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Own goal as Qatar orders non-Islamic banks to close their Islamic divisions
Western banks like HSBC and Standard Chartered that also offer their clients Islamic banking alongside traditional banking have been told to close their Islamic operations in Doha.
This is a blatantly protectionist move designed to…
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What do quieter times in Egypt mean for Arabian investors?
While it is always dangerous to call a turning point in a revolution it seems that President Mubarak’s decision to stand down in September has brought the political factions in Egypt to the negotiating table,…
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Gerald Celente lambasts Wall Street’s hijack of Washington
Goldman Sachs got a slap on the wrist, no heads roll as Washington passes judgement on Wall Street. Only we the people suffer. Gerald Celente of Trends Research is a great contrarian and in many…
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