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Finance & Banking

FEATURED REPORT...
Posted: 18-12-2008
INTERNATIONAL. Multi-year record cash levels, relatively shortened investment horizons and reduced risk appetite remain the defining characteristics of the portfolios held by respondents to the Merrill Lynch Global Fund Manager Survey. A net 81% of respondents expect a global recession. The outlook and quality of US corporate profits continues to be seen as the most favourable compared to that of the Eurozone, UK, Japan or global emerging markets. However, this comes at a price with the US equity market seen as the most overvalued compared to the others.  Diverging USD views Global
Posted: November 20, 2009
INTERNATIONAL. The price of gold slipped for the second day running for Dollar investors early in London on Friday, nearing the weekend 1.7% above last week's finish, but hit a new all-time record in British Pounds at the AM Gold Fix of 690.83 Pounds per ounce.
Posted: November 20, 2009
INTERNATIONAL. Marc Faber said eventually there will be a big bust and then the whole credit expansion will come to an end. Before that happens, governments will continue printing money which in time will lead to a very high inflation rate.
Posted: November 20, 2009
INTERNATIONAL. With assets under management in the trust with more than US$40 billion, SPDR Gold Shares has become one of the largest exchange traded funds in existence and is the fastest growing ETF, by assets, in the world.
Posted: November 20, 2009
INTERNATIONAL. Cazenove, the 190-year-old City firm, has unveiled a takeover by JP Morgan in a £1 billion (US$1.66 billion) deal that will trigger windfalls for current and former staff.
Posted: November 20, 2009
INTERNATIONAL. Investment has surged this year and is expected to drive silver prices higher, with the US$20 level likely to be breached in the short term. Conditions should eventually become less supportive of investment demand during the course of next year.
Posted: November 20, 2009
UAE. Abu Dhabi's First Gulf Bank has raised US$500 million with a 3-year conventional bond for general corporate purposes.
Posted: November 20, 2009
INTERNATIONAL. Pegging a planned new Gulf currency to a basket of currencies is one option on the table although there is no perfect solution, Saudi Arabia's top monetary official, Muhammad al-Jasser, said
Posted: November 20, 2009
INTERNATIONAL. Jewellery demand, of 69.0 tonnes, was down 34% on year earlier levels, while net retail investment demand of 6.4 tonnes was 11% lower. However, retail investment and jewellery demand were both above the levels seen in the second quarter of this year.
Posted: November 19, 2009
INTERNATIONAL. Social and economic trends have influenced dramatically the training requirements of the global finance profession, according to a new report by ACCA.
Posted: November 19, 2009
BAHRAIN. Societe Generale Wealth Management will offer high net worth individuals based in the Gulf Cooperation Council.
Posted: November 19, 2009
UAE. The Central Bank of the UAE said Thursday that 20 banks operating in the country have a combined exposure of US$2.9 billion to two troubled Saudi Arabian business groups.
Posted: November 19, 2009
GCC. Despite the enormous wealth at its disposal, the Gulf has proved more vulnerable to global recession than many other emerging markets, according to HSBC Global Research.
Posted: November 19, 2009
KUWAIT. Simon Williams, chief economist at HSBC Middle East-Gulf bank, said an early economic recovery in the Gulf countries depends mainly on a better manipulation of the oil revenues generated between 2003 and 2008
Posted: November 19, 2009
INTERNATIONAL. The price of gold slipped Thursday in London, losing almost 2% from yesterday's new Dollar record as global stock markets also fell despite a report from the OECD which doubled 2010 growth forecasts for the world's richest economies.
Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
date:Posted: November 19, 2009
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
date:Posted: November 18, 2009
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.