Japan, non-oil Middle East and Portugal back in recession
The double-dip recession has arrived for Japan, the non-oil Middle East and Portugal. And while the March 11th earthquake deepened the latest quarter’s economic decline in Japan, it does not explain the revision of Q4…
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Pimco boss warns on higher inflation and financial repression
Pimco’s Mohamed El-Erian tells Bloomberg TV’s Betty Liu that investors need to watch out for financial repression and higher inflation and realize that we are living in a multi-speed world.
ArabianMoney wonders if the current…
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Bahrain was the Gulf’s Tiananmen now comes the Chinese-style growth
Trying to make sense of the Arab Uprisings of the past four months and to understand what this means for the future of the Middle East and North Africa has become a major preoccupation for…
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Could the US sell its gold reserves after the August 2nd debt deadline?
The US Federal Reserve sits on the world’s largest gold reserve in Fort Knox, while the Treasury Secretary Tim Geithner has just announced that the US debt ceiling will finally be breached on August 2nd.…
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Restaurant review: Zuma, Dubai International Financial Centre
Opening the day before the collapse of Lehman Brothers coming up for three years ago was not the most auspicious start for the largest restaurant in the Dubai International Financial Centre. But today Zuma is…
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Dubai Bank nationalized to protect the UAE banking sector from a crash
The Dubai Bank has been taken over by the Dubai Government to protect depositors and the UAE banking sector from a crash.
This will result in another significant write-down for Emaar Properties which owns a…
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Second down week for US stocks may signal full-on correction
So many black swans have taken to the skies without any impact, and so long has this stock market rally been running that the shorts have long been slaughtered, and nobody has correctly called the…
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Emaar Q1 profits fall 44% as chairman turns to commodities business
Shares in the Dubai real estate giant Emaar fell sharply yesterday on news of a 44 per cent slump in first quarter profits to $114 million with delivery of apartments and villas crashing from 1,300…
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Post 9/11 aircraft orders set Emirates on flight path to $1.5bn profit
Emirates Airline shocked the global aviation world with a 52 per cent surge in annual profits to $1.5 billion last week. But you can trace this success right back to the record $15 billion order…
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Silver shorts given another summer to cover themselves again
Last summer ArabianMoney was rife with rumor about some serious short covering by the major bullion banks and an unwinding of their short positions. Once the shorts were out of the market we saw the…
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