News Feature
First-ever IPO for the DIFX: Kingdom Hotel Investments
- The first initial public offering to be held on the newly launched Dubai International Financial Exchange was announced today. Legendary Saudi investor Prince Alwaleed bin Talal is to offer new shares in Kingdom Hotel Investments to expand its capital, and the shares will be on sale to anyone who wants to subscribe.
- United Arab Emirates: Wednesday, February 01 - 2006 at 15:56 |
The Palm, Jumeirah ready in November
- Nakheel CEO James Wilson told the City Expansion conference in Abu Dhabi that 2,300 shoreline apartments and 1,600 villas on The Palm, Jumeirah will be ready for delivery from November, and revealed that eight hotels were now under construction.
- United Arab Emirates: Monday, January 23 - 2006 at 15:40 |
Citigroup explains changing investment environment
- The Citigroup Private Bank annual investment road show arrived in the Middle East this week to visit Dubai, Abu Dhabi, Bahrain, Kuwait and Beirut. With $60 billion under management, one of the region's largest wealth managers detects a major change in the investment outlook with profound implications.
- United Arab Emirates: Sunday, January 22 - 2006 at 14:30 |
Will the oil price reach $100-a-barrel in 2006?
- Oil prices have started the year by rebounding to $67-a-barrel, not far short of the $71 high of August 31st 2005. The coldest Russian weather in 50 years may now compound mounting concerns over Iran's nuclear ambitions and the threat posed by rebels to supplies from Nigeria.
- Saudi Arabia: Thursday, January 19 - 2006 at 13:27 |
George Soros predicts a US recession in 2007
- When Central bankers talk about a benign economic outlook, and George Soros stands up and says he sees a US recession in 2007, who do you believe? The implications for the oil and gas markets of the Middle East are clearly very important.
- Tuesday, January 10 - 2006 at 11:41 |
UAE awaits the first Cabinet of Sheikh Mohammed
- The new Prime Minister of the UAE, and Ruler of Dubai, General Sheikh Mohammed bin Rashid Al Maktoum, now has to appoint his first Cabinet. Business leaders anticipate a change of pace in the reform of federal government as a very different personality takes over.
- United Arab Emirates: Sunday, January 08 - 2006 at 09:15 |
The New Year starts with an 'energy crisis'
- Russia's decision to cut-off gas supplies to Ukraine even made it on to Russian MTV, so highly flagged was this media stunt, and with four months' stock of gas Ukraine is not too worried. But European gas customers are being hit, and the fragility of world energy supplies is once more in the spotlight.
- Saudi Arabia: Tuesday, January 03 - 2006 at 13:10 |
How strong is the economic outlook for business in 2006?
- It is that time of year again. And reviewing this article from December 2004 reveals some room for congratulation in terms of predictions: US equities did not crash, but they were very flat in 2005; GCC equities went up but suffered a sharp correction or two in the second half.
- Qatar: Sunday, December 18 - 2005 at 16:56 |
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