Saudi Arabia gets its first Ritz-Carlton
Ritz-Carlton has jumped the queue of hotel announcements coming next week at the Arabian Travel Market in Dubai with news of its sensational debut in Riyadh, capital of Saudi Arabia.
Formerly a royal guest palace,…
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Gold hits new all-time high at $1,569, silver closes at $48 an ounce
It was another record breaking week for precious metals. Gold closed at a fresh all-time high of $1,569 on Friday, catching up a little with silver’s spectacular bound above $50 on Monday.
Silver suffered an…
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Silver at $50 not yet parabolic says Jim Rogers
Decade-long commodities bull and billionaire investor Jim Rogers explains how parabolic price rises will always collapse but he does not think silver at $50 is in a bubble.
If silver hit $100 this year he…
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Marc Faber on possible US gold confiscation and oil prices
Guru among investment gurus Marc Faber warns investors to keep their gold out of the US. However, he still sees financial markets correcting and the dollar rallying along with bonds over the next couple of…
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Bernanke highly accomodative to higher gold and silver prices
There was nothing in Fed chairman Ben Bernanke’s first-ever press conference yesterday to worry gold and silver investors. Indeed, gold bounced up to a fresh all-time high of $1,530 and silver shrugged off its price…
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Lunch at the world’s newest Ritz or why not live there?
For an astonishing AED85 you can lunch in style in two of the restaurants of the still very new Ritz-Carlton at the Dubai International Financial Centre, and if you are a banker fleeing Bahrain then…
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Dubai hospitality leads city recovery as occupancy and rates jump
Next week Dubai hosts the annual Arabian Travel Market exhibition, and the city’s hospitality scene is booming. Dubai is benefiting as a safe haven in a very troubled region with tourists avoiding Egypt, Jordan, Syria,…
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S&P cuts Japan debt rating while US waits for Bernanke rate rise hint
Global bond markets are once again a focal point for investors today with Fed chairman Ben Bernanke about to face the press for the first time in an open conference, and interest rates most likely…
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Live with the volatility to profit from gold and silver
Silver speculators burned by a 10 per cent fall in the price of this commodity over the past 24 hours have been taught a lesson: investing in gold and silver is for the long-term and…
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Knocking on the door of $50 silver, so where next?
Just checked the silver price and there has been an amazing final sprint to a decimal point below $50, the 1980 high for this precious metal. Taking out the all-time record high is always a…
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