Emirates Airline to grow 9-13% per annum until 2016 says BCG
Emirates Airline, the Middle East’s biggest carrier will maintain capacity growth at between nine and 13 per cent through to 2016 and become the largest wide-body operator in the world in that year, according to…
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Moody’s downgrades French banks as eurozone crisis intensifies
Eurozone politicians are becoming increasingly irrelevant as a full blown banking crisis threatens to spiral out of control in the region. Moody’s downgraded three top French banks yesterday while three-year Greek debt yields hit almost…
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Dubai Meadows villa prices up 10-20 per cent due to supply shortage
Estate agents are reporting a 10-20 per cent rise in the selling prices of villas in the popular Dubai Meadows villa community originally developed by Emaar Properties in the early 2000s and one of the…
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How the 2007-8 banking crisis caused the 2011 crisis about to break
There is a direct causal connection between the 2007-8 subprime banking crisis and the European banking crisis that is about to implode financial markets this autumn.
Three years ago governments re-capitalized the banks around the…
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First glimmers of hope for UAE equities in three years says Daman
Top-rated UAE fund manager Daman Securities CEO Shehab Gargash said today that he saw ‘the first glimmers of hope in three years for UAE equities’ although he also warned not to expect immediate gains.
‘The…
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Nakheel still $7.6bn in debt after $20bn in write-offs
Dubai property developer Nakheel still owes $7.6 billion after its huge refinancing that included $21 billion in write-offs against profits in 2009, according to the prospectus issued for its Islamic bond for trade creditors.
The…
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Private equity experts strike a very bearish note at Dubai conference
The modest IQPC Private Equity MENA Business Summit opened in Dubai today in association with CNBC Arabiya with practitioners striking a very bearish note in their remarks about the market.
‘The end is not in…
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How low will the euro go when Greece defaults?
With the euro falling from $1.43 to $1.35 over the past few weeks as the crisis over the Greek sovereign debt reaches its inevitable conclusion of default, it is only reasonable to ask how low…
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How 9/11 caused an economic boom in the Gulf Oil States from 2003-8
While the media focus on the aftermath of 9/11 is understandably on what happened first in Afghanistan and then Iraq, this unforgivable act of mass terrorism also brought great economic prosperity to the Gulf Oil…
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Stay short in global financial markets this week or hold dollars and gold
The red lights are flashing in the global financial system with Moody’s imminent downgrading of top French banks just the latest in plausible rumors. European bank deposits at the ECB have soared as inter-bank lending…
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