Fed holding rates low until late 2014 a major boost for gold prices says Jim Sinclair
The world’s most respected gold trader Jim Sinclair, a veteran of the 1970s boom believes that the announcement by Fed chairman Ben Bernanke that interest rates will be kept at their historic low until the…
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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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Talk of Dubai Gold Souk: silver to double in six months
ArabianMoney editor and publisher Peter Cooper visits the Old Gold Souk on the Deira side of the Dubai Creek to talk to a silver trader with Sandra Mergulhao from mydubaimycity.com.
The hottest rumor is that…
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Dow to fall to 8,000 this year says Joseph Granville
Veteran chartist Joseph Granville thinks the Dow Jones Index will slump by 4,000 points to 8,000 by the end of the year, with the top in last Friday. He spoke with Adam Johnson on Bloomberg…
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Dubai Airports top 51m passengers but 2012 looks a tougher year
Dubai Airports handled a record 51 million passengers in 2011, up eight per cent on the previous year. But cargo volume fell 1.5 per cent to 2.2 million tons as the global economy slowed down.…
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Warren Buffett explains how to pay down the US national debt
Warren Buffett and Republican Congressman Scott Rigell spoke with Bloomberg Television’s Betty Liu in Omaha during their first in-person meeting following Rigell’s pledge to give 15 per cent of his salary to help pay down…
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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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$58-60 silver price by September says Dubai silver trader
Pop down to the Old Gold Souk in Deira, part of the modern city of Dubai and the hottest selling item is a 1kg bar of silver these days.
Karachi Jewellers told ArabianMoney yesterday they…
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