Precious metals trounce stocks in best January for decades
The New Year rally in global stock markets saw the S&P gain four per cent in its best January since 1994. But 10 and 19 per cent gains respectively for gold and silver comfortably beat…
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US stocks and bonds point in opposite directions to recovery or recession
Market observers can be forgiven for hedging their bets or keeping quiet this month. The rise in the US stock market is consistent with an economic recovery while the fall in bond yields points to…
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Not the Davos economic forum live from Dubai!
Not invited to the World Economic Forum in Davos, Switzerland last week ArabianMoney editor and publisher Peter Cooper joined Sandra Mergulhão from MyDubaiMyCity.com to discuss some of the main issues from an Arabian point of…
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Dow ends week down 0.5% despite a surprise from the Fed
Even another 18 months of low interest rates from the Fed could not prevent the Dow Jones closing 0.5 per cent down last week, while the S&P 500 just scraped a 0.1 per cent gain.…
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Soros tells Davos forum eurozone and Iranian crises bad news for the Arab Spring
Billionaire investor and philanthropist George Soros has warned that the eurozone economic crisis poses a ‘big danger’ to the direction of the Arab Spring protests, revolutions and civil wars that started suddenly a year ago…
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Abu Dhabi resumes museum projects after spending review
Last year Abu Dhabi slammed the breaks on public spending and contractors complained that the situation was like the sudden stop in Dubai three years earlier, with $30 billion worth of projects put on hold…
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Eurozone and Iran to top Davos agenda as recession looms
It is that time of year again when all the leaders of the business world assemble in Davos in Switzerland to discuss the future with invited guests from governments and academia.
Nothing is actually decided…
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What does the EU embargo on Iranian oil mean for the UAE?
The European Union has agreed an immediate embargo on new oil contracts with Iran while existing contracts will be allowed to run until July, in order to pressure Iran over its nuclear ambitions.
The EU…
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70% of Middle Eastern executives expect double-dip recession
Middle Eastern executives were the most pessimistic in the world in a new study by Alix Partners in association with the Economist Intelligence Unit.
Seventy per cent expect a double-dip recession compared to 63 per…
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DIFC gets its Canary Wharf style insolvency moment
In the early 90s the developers of London’s Canary Wharf, built to rival The City as a financial zone went bankrupt and the tallest building in the UK was repossessed by their bankers.
What happened…
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