Editorial Column
The madness of crowds, stocks and the business cycle
- With more than 1,000 traders a day cramming into the Dubai Financial Market this summer, some of whom have given up their jobs to speculate full time, a classic boom is evident in the UAE and other GCC bourses. But business books also predict the next turn in the business cycle.
- United Arab Emirates: Saturday, July 02 - 2005 at 08:27 |
Rights issues ought to cool the UAE stock market
- It is proving a particularly hot summer in the UAE stock market where shares have more than doubled in value this year. But huge rights issues from First Gulf Bank and Emaar Properties ought to begin to cool things down, as this will represent a massive increase in the number of shares in the marketplace.
- United Arab Emirates: Saturday, June 25 - 2005 at 08:38 |
An Indian summer of great optimism in the GCC
- Share prices are red hot in the GCC, with the UAE and Saudi Arabian bourses racing daily to new highs. Yet investors should be careful that the seeds of decline are not already sown, as so often proves to be the case in Indian summers of great optimism.
- Saudi Arabia: Sunday, June 19 - 2005 at 09:27 |
IPOs show the danger of youthful capital markets
- This is traditionally a quiet time in the Gulf as business winds down for the summer. But the $66 billion oversubscription of the UAE's Sorouh Real Estate Company IPO suggests that some investors have stayed at home. Indeed, this IPO is just the latest to raise more money than the annual GDP of the UAE.
- United Arab Emirates: Saturday, June 11 - 2005 at 07:49 |
Just where is the Middle East business cycle?
- After a spring season of massive new projects and strong oil prices where is the Middle East business cycle? Is there any end in sight for the third great oil boom? Weaker economic data from industrialized countries may hold the clue.
- Saudi Arabia: Saturday, June 04 - 2005 at 08:59 |
IPOs in the GCC: the next dot-com bubble?
- Arab investors lost billions in the dot-com bubble, investing in IPOs with no business plan and massive oversubscriptions. That was five years ago. Now the same investors are borrowing to stag local IPOs with no more than a name and applications bigger than GDPs. What sort of madness is this, and who wins and who loses?
- United Arab Emirates: Saturday, May 28 - 2005 at 08:59 |
Can we all become Gulf entrepreneurs?
- This week some of the world's top businessmen and women gather in the UAE for a new event, 'Entrepreneurs in Dubai'. Donald Trump will speak via video link, and Body Shop creator Dame Anita Roddick will appear alongside other famous entrepreneurs. But are good entrepreneurs made or born that way?
- United Arab Emirates: Saturday, May 21 - 2005 at 08:48 |
Is Middle East business confidence too high?
- The economy of the Middle East is inversely correlated to the economy of the oil consumer nations. But this year and last both have been doing very nicely. Can this continue? And how long will the good times last for the Middle East?
- United Arab Emirates: Saturday, May 14 - 2005 at 09:21 |
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