News Feature
Will Daman Securities get the UAE stock market right again?
- In the year 2001 only a few brave souls ventured back into the UAE stock market after the collapse of 1999, and that was when Daman launched its UAE Value Fund which closed five years later with a total return of 274 per cent.
- United Arab Emirates: Monday, January 29 - 2007 at 16:04 |
Has the recent oil boom produced any White Elephants?
- The two oil booms in the 1970s produced a rash of major projects that proved to be White Elephants - that is major projects with no future commercial return - while some initially questionable investments later turned into brilliant successes like the Jebel Ali Free Zone and Dubai Dry Docks.
- United Arab Emirates: Thursday, January 25 - 2007 at 11:59 |
Oil prices confirm a bear market trend to $44 a barrel
- Opec appears to be failing in its efforts to reduce oversupply in the oil market and support oil prices that are already down 14 per cent so far this year. But the analysis of chartists suggests that a new bear market is in place which will depress oil to a minimum of $44 a barrel.
- Saudi Arabia: Tuesday, January 16 - 2007 at 11:11 |
10% oil price fall is a bad omen for 2007
- The unexpected 10 per cent fall in global oil prices since the start of the New Year casts a shadow over the outlook for 2007 with the crucial technical support of the 200-day moving average price broken. For the Middle East oil producers this is the equivalent of a sudden pay cut, although savings from the boom years are huge.
- Saudi Arabia: Sunday, January 07 - 2007 at 08:49 |
Can Gulf stock markets shake of their gloom in 2007?
- Stock markets in the GCC experienced a serious crash in 2006, with only Oman rallying in the second half to a new high. From Jeddah to Abu Dhabi, Dubai and Kuwait investors have seen between 25 and 63 per cent wiped off the value of their shares. It has been an annus horribilis for Gulf stock markets.
- Saudi Arabia: Tuesday, December 26 - 2006 at 09:16 |
Currency revaluation now on the IMF agenda
- The International Monetary Fund is to host a multilateral meeting of the US, EU, Japan, China and Saudi Arabia to discuss global financial imbalances early next year. Officials told a press conference at the Dubai International Financial Centre that both currency revaluation and measures to stimulate economic growth in the GCC will be on the agenda.
- Saudi Arabia: Tuesday, December 19 - 2006 at 09:29 |
Rumors of the dollar's death may be greatly exaggerated
- For a contrarian the universally bearish view of the US dollar by investors, banks and commentators just has to signal a bottoming out for the greenback. For it is when all the bad news is in the marketplace that it is usually the best moment to buy, although nobody realizes that at the time because they have been swept up by the negative hype.
- Wednesday, December 13 - 2006 at 10:04 |
Notes from Cityscape Dubai 2006
- Is there a real estate bubble in Dubai? You might think so from the astonishing range of new and existing projects on offer at this year's Cityscape 2006 event. Yet calling the top of a property market is always hazardous and at the event's conference some experts advised that the conditions for a correction were just not there.
- United Arab Emirates: Tuesday, December 05 - 2006 at 16:28 |
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