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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Emerging market central banks to fuel gold prices much higher
Central bank buying of gold has grown from net sales to nearly half the market level of jewelry, with the central banks of emerging markets still holding far lower amounts of gold as a percentage…
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Silver up 13%, gold 6% since New Year
Gold and silver have started the New Year with a bang with prices up by six and 13 per cent respectively. This appears to confirm that the end of 2011 was the end of the…
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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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UAE is the friendliest country on earth for expatriates
A survey of expatriates from HSBC Expat, as the old international division has been renamed, has judged the United Arab Emirates as the least friendly country in the world for expatriates which came as a…
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A sucker’s rally on very thin volume?
The giant head-and-shoulders in the S&P 500 that ArabianMoney investment newsletter subscribers have already heard so much about in recent months still seems to be forming.
We now seem to be at the late stage…
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Probability of US recession lower than 60% says Nouriel Roubini
Nouriel Roubini and Ian Bremmer spoke with Bloomberg Television’s Margaret Brennan about the state of the global economy.
Roubini said that the ‘probability of a recession in the United States is lower than 60 per…
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Marc Faber warns of again of a bubble in top treasury bonds
Marc Faber, publisher of the Gloom, Boom and Doom report, spoke to Bloomberg Television’s Sara Eisen and Erik Schatzker and said that investors have created a ‘bubble’ in the ‘highest-quality’ government bonds and should move…
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Hotel review: Viceroy Yas Hotel pulls into pole position in Abu Dhabi
Any hotel with a Formula One racing track splitting it into two parts is bound to be rather unusual. The Viceroy Yas Hotel in Abu Dhabi is that and more with a futuristic interior straight…
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