From a blog Arabian Money
The shift in interest from gold as a raw material for jewelry manufacture to pure investment use mainly accounted for a 15 per cent fall in gold imports to Dubai last year.
Yet the City of Gold still traded a whopping 576 tonnes of the yellow metal, albeit down from 674 tonnes [...]
Dubai exports witnessed a rebound in December with a 23 per cent gain to $5 billion as global trade bounced back from the worst slump in more than 80 years. The numbers do not look very attractive as the bounce is on very low base hit in December 2008.
New data published by the Dubai [...]
Banks across the Gulf Cooperation Council nations will make total provisions of $9.4 billion against their 2009 accounts, a 40 per cent increase on the year before, according to a new study by the Kuwait Financial Centre.
This is a five-fold surge in total write-offs of just $1.8 billion in 2007. For 2008 the GCC banks [...]
Nakheel payment does not change the outlook | read this item
Abu Dhabi may have paid back $10 bn of Dubai loans but that does not change the things on the ground. Dubai is still neck deep in debt and S&P is not ready to re rate them in a hurry.
UAE. The Government of Dubai today announced that, with the backing of the Emirate of Abu [...]
I am a strong buy on Japanese equities and its currency but unfortunately I do not hold either in my portfolio, not for any other reason but that I ran out of margin to fund any new trades.
Here is another reason why Japan is coming out its deflation. Auto sales which is among the [...]
The rich and famous investors into Dubai | read this item
Presenting a list of the more colourful names understood to have invested in Nakheel’s Dubai Palm development (Source: tabloids and press).
David Beckham (footballer, international fashion icon)
Michael Owen (footballer)
David James (goalkeeper)
Joe Cole (footballer)
Andy Cole (retired footballer)
Kieron Dyer (footballer)
Brad Pitt and Angelina Jolie (actors)
Michael Jackson (king of pop)
Naomi Campbell (model)
Denzel Washington (actor)
Britons, meanwhile, accounted for about 25 [...]
Dubai Debacle: The famous Last words | read this item
Presented without any edits from Islamic Financial news.
On the 14th December 2006 Dubai Islamic Bank (DIB) along with Barclays Capital closed the three year Pre-QPO Equity Linked Sukuk al-Ijarah of US$3.52 billion for Nakheel. DIB was the joint lead manager and bookrunner along with Barclays Capital. This transaction was the largest Sukuk issue to date [...]
This one was always coming. Wasnt it. Given Dubai was leveraged over 200 times its GDP.
The cost of insuring Dubai’s sovereign debt against default continued to soar Thursday, after conglomerate Dubai World sought to delay debt payments. The company, which is the largest corporate entity in Dubai, has around $60 billion worth of liabilities and [...]
Well what a week. Just when you thought markets were ready to move up after a cracker of a GDP number, markets sold on the news.
Well there are many views out there speak about which the markets are moving now, but the volatility is definitely back. VIX smashes thru 30 from 25.
Technical Analysis [...]
Dubai Debacle: The famous Last words | 
Dubai Collapse: What does it mean for Investors | 
