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Categories
Meta
Monthly Archives: June 2012
You Keep Me Hangin’ On
Further signs of the region bucking the global trend came with the news that Gulf cement companies saw a 24% Q1 increase in Revenue to US$ 1.25 billion whilst their profits rose by 21% to US$ 435 million. UAE-based companies … Continue reading
Posted in Finance
Tagged DFM, Dubai, Dubai Financial Market, Emirates, emirates airline, Emirates Group, Eros Group, euro, Euro Crisis, Landmark Group, OPEC, Real Estate Regulatory Authority, RERA
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Paint It Black
It comes as no surprise to hear of the IMF warning that the UAE could be hit by further deterioration in the eurozone crisis. Their report specifically highlighted Greece as the major source of “contagion risk” for Dubai and added … Continue reading
Posted in Categorized
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Tomorrow Never Knows
Some welcomed the fact that Brent Crude, having hit a low of US$ 93 earlier, ended the week hovering around the US$ 100 mark. As the Iranian crisis had pushed up prices earlier in the year, the European economic woes and … Continue reading
Posted in Finance
Tagged Brent Crude, Brookfield Multiplex, DFM, Dubai Financial Market, Emirates, Facebook, Hastie Group, Iranian Crisis, JW Marriott Marquis, Nakheel, Oil Prices
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Back in the High Life Again
Just to prove that the economy is on the mend, the world’s most expensive reading glasses have gone on sale in Dubai. And what do you get for US$ 75k – hand-crafted glasses, made in the USA, that are 18 … Continue reading
Posted in Finance
Tagged DFM, Dubai, Dubai Financial Market, Dubai Summer Surprises, Emirates, emirates airline, Facebook, HSBC
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