Monthly Archives: January 2015

Forever and Ever

Posted on January 31, 2015 by howesdubai

Greece hit the international headlines this week with news of the death of one of its main exports, Demis Roussos, and locally that Greece was one of more than 150 Dubai projects cancelled, according to the Dubai Courts website. The … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , , | Leave a comment

Don’t Give Up On Us Now

Posted on January 24, 2015 by howesdubai

A report by Phidar Advisory has indicated that Dubai residential sales headed south in Q4, with apartments falling 3.6% and villa sales by 1.7%;  although apartment rentals showed a marginal 0.4% increase, villas fell by 3.1%. Office lease rates remained … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Get Lucky!

Posted on January 18, 2015 by howesdubai

At long last, agreement has been reached between Dubai World and a substantial majority (more than the 67% required) of its creditors concerning the restructuring of a US$ 14.6 billion 2011 debt deal. In short, the creditors will receive an … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , , | Leave a comment

Won’t Get Fooled Again

Posted on January 14, 2015 by howesdubai

HH Sheikh Mohammed bin Rashid Al Maktoum has approved Dubai government’s 2015 budget that plans for 2,530 new jobs for Emiratis. With a forecast US$ 981 million surplus, this will be the first deficit free one since the GFC. The US$ … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , , , , | Leave a comment

Out Of The Woods

Posted on January 8, 2015 by howesdubai

The double whammy of international sanctions and the dramatic fall in the oil price has not only impacted the Russian economy but has had a drag effect here in Dubai. The 40%+ drop of the rouble has seen a reported … Continue reading →

Posted in Finance | Tagged , , , , , , , , , , , , , , | Leave a comment