News Feature
Outlook darkens for the Middle East banks
- The Arabian stock market crash started to impact on bank financial results in the second quarter but the real pain has probably yet to be felt. Meanwhile, the war in the Lebanon is likely to impact on the business outlook for the rest of the year, quite apart from ruining business in Beirut, a regional banking centre.
- United Arab Emirates: Sunday, July 30 - 2006 at 08:30 |
Global investment banks swoop on regional project finance
- The Middle East has become the latest hot location for global investment banks which barely troubled to open their briefcases in the region until a few years ago. The reason: a booming economy with ambitious projects and huge financing requirements. But borrowed money always has to be paid back.
- United Arab Emirates: Sunday, July 23 - 2006 at 10:16 |
UAE Central Bank set to enter the gold market
- The UAE Central Bank Governor this week gave his strongest hint yet that the emirates will shortly enter the gold market and also purchase euros as a diversification of the national currency reserves presently held in US dollars. With the US dollar ripe for devaluation this seems a timely initiative.
- United Arab Emirates: Monday, July 03 - 2006 at 09:39 |
The Arabian stock market crash: Marc Faber's explanation
- In his widely respected newsletter, 'The Gloom, Boom & Doom Report', Dr. Marc Faber this month offers the most convincing explanation to date as to why the Arab stock markets have crashed this year despite very high oil prices and record liquidity.
- Saudi Arabia: Sunday, June 25 - 2006 at 07:39 |
If this is the 1970s, just which year are we in?
- Commentators continually refer back to 'stagflation' and the similarities with the 1970s and the First Oil Boom. There are indeed some parallels, but the usefulness of this analysis depends on exactly which year in the 1970s approximates to 2006. For the Middle East this is clearly highly relevant to corporate planning.
- United Arab Emirates: Tuesday, June 20 - 2006 at 09:32 |
What will Gulf business be like in 2010?
- Most corporate planners have 2010 in their target sights. And surely the best guide for the future is to extrapolate what is under construction and in advanced planning and see where that lands us by 2010. Where will the centre of business activity be then?
- United Arab Emirates: Monday, June 05 - 2006 at 09:52 |
UAE hyperinflation is the cost of ultra-high GDP growth
- Invest too much money too quickly in an economy and the effect is hyperinflation and supply bottlenecks. The latest YouGov/Gulf News survey published this week reported 18-27% increases in the cost of key areas of expenditure in the UAE, way above official inflation estimates of 6-7%.
- United Arab Emirates: Tuesday, May 30 - 2006 at 14:20 |
What is the future for IPOs in the Middle East?
- One of the features of the Great Arabian stock market bubble was a spectacular series of initial public offerings, occasionally raising more money than the annual GDP of the country concerned. Many saw IPOs as a way to instant riches, but by the end of the boom this had become an illusion too. So what next for IPOs?
- United Arab Emirates: Tuesday, May 16 - 2006 at 09:34 |
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