Blue chip UAE firms rush to issue bonds as financing costs are going up in 2012
There is a rush to issue Islamic bonds or sukuk in the final weeks of 2011 by UAE blue chip companies because they fear a much tougher market for borrowing in the coming months as…
Read more »
Quieter autumn ahead for Dubai property with prices falling again
After the recovery and stabilization of Dubai property prices in the first half of the year this autumn is shaping up to be rather different with a tougher global economic environment putting a squeeze on…
Read more »
Why the IMF regional forecasts continue to be ridiculous
No recession in Egypt this year or Bahrain, just a reduction in growth, that is what the latest IMF regional forecasts would have us believe. The Oil States get a boost from higher oil prices…
Read more »
Does the government stake still make DP World a sell?
Whenever a stock has a major shareholder known to be looking to sell shares that is usually a blight on the share price. Essentially this means a potential oversupply of the stock at anytime. The…
Read more »
Out of Africa and into Dubai
It was strange this morning to report on the 4th annual summit meeting of the Common Market of Eastern and Southern Africa from Dubai. But then Dubai is apparently a very convenient place for all the…
Read more »
France tells its nationals to leave Tokyo due to 70% aftershock and nuclear meltdown risks
France is perhaps being unnecessarily alarmist in advising its nationals to leave the Tokyo area ‘for a few days’. But this is also a prudent response to the current emergency with the Japanese earthquake advisory…
Read more »
Kingdom offer for Zain in Saudi opens way to $12bn Etisalat deal
Prince Alwaleed’s Kingdom Holding has made a non-binding offer to buy the Zain mobile phone operations in Saudi Arabia, removing a barrier to the completion of a sale of the rest of Zain to Etisalat…
Read more »
Branson mulls selling Virgin to a Gulf airline or Lufthansa
Richard Branson has asked Deutsche Bank to examine options for selling his 51 per cent stake in Virgin Atlantic, according to an exclusive in The Daily Telegraph today. It appears that for all the bravado…
Read more »
US to print $600bn to inflate economy, raise oil prices
The US has embarked on $600 billion of money printing through the much anticipated second round of quantitative easing, somewhat less than the $1.5 billion surge in the US money supply already created to counter…
Read more »
EIU says GCC economy to double but could it treble in the next decade?
A report from the Economist Intelligence Unit forecasts that the GCC economy will more than double to $2.3 trillion over the next decade because ‘the oil price will hold up pretty strongly going forward’.
But…
Read more »
