Sell UAE stocks in May and come back in August!
It’s that time of year again. Every year financial journalists dust off the old canard : ‘Sell in May and go away!’ The statistically inclined can rustle up a case for and against. Some try…
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Hotel Review: Movenpick Deira, newest hotel in the old downtown
New hotels continue to open in Dubai but the Movenpick Hotel Deira is actually the first new five-star property on this side of the Creek to be launched for a decade.
It’s a classic Movenpick…
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Jim Rogers explains the tragedy coming for the US dollar
Precious metal strength this year has been a reminder about the weakness of the US dollar. Ex-hedge fund partner of George Soros, Jim Rogers has seen it all before and is the most famous commodities…
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Insider trader conviction sparks sell-off in financial markets
The 20-year jail sentence handed out to Sri Lankan-born hedge fund manager Raj Rajaratnam triggered an immediate slide in global stock and commodity markets yesterday.
It was the longest jail sentence for insider trading since…
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MENA new construction project awards crash 61% in April due to Arab unrest
The Arab unrest, revolutions and civil wars that started in January are having a dramatic impact on the workload of contractors across the Middle East and North Africa, with new construction project awards falling by…
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Final day of reckoning looms for Dubai off-plan property investors
The final day of reckoning is about to dawn for investors in around 500 Dubai off-plan property schemes whose cancellation is now imminent. Then investors will discover how much of their money is left in…
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MyDubaiMyCity.com start-up launches as Microsoft buys Skype for $8.5bn
Ten years after the dot-com crash and there is a new boom in Internet companies. Yesterday software giant Microsoft paid a whopping $8.5 billion for Skype.com, the Internet telephone company that was a dot-com start-up…
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Silver and gold remain much better investments than US equities
If you had put your money into Intel a decade ago you would have bought into one of the most solid and sustainable tech stocks, and the company has delivered on that expectation. But as…
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Emirates Airline and Arabtec post profits below expectations
The unrest across the Arab world is beginning to impact on top Dubai based companies with disappointing financial results. Emirates Airline’s full-year profits came in at a record $1.6 billion compared with an expected $2…
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European banks head into crisis 80 years after Credit Anstaldt bankruptcy
European banks are sleep walking into a crisis that could be every bit as serious for the global economy as the bankruptcy of the Credit Anstaldt bank in Austria 80 years ago tomorrow.
For while…
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