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21st November, 2009, 03:51
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Politics & Economics
FEATURED REPORT...
Posted: 02-04-2008
INTERNATIONAL. The macro surprise of the year so far has been the upside surge in inflation, not the downside cut to growth. Since it launched its forecasts four months ago, Merrill Lynch economists have ratcheted up 2008 global inflation expectations by a full 0.8ppt, from 3.4% to 4.2%, while shaving growth just by 0.2ppt. The threat of inflation at the global level is real, they say.
In a new report Merrill Lynch looks at ten different ways of analysing inflation. Seven of its ten indicators show bubbling inflation. Most worrying are tightness in food and en
Posted: November 20, 2009
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
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. The leaders of the 27-member bloc also chose a woman for the second top job, British commissioner Baroness Ashton, who will be the EU's new foreign policy chief.
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. Major world powers are to meet in Brussels on Friday to discuss Iran's rejection of a nuclear fuel deal, a top EU official said, after US President Barack Obama warned of "consequences" for Tehran.
Posted: November 19, 2009
INTERNATIONAL. Tony Blair tonight bowed out of the race to become the first president of the European Council when it became clear that centre-right leaders, who dominate the EU, are determined that the post should go to their group.
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 18, 2009
UAE. The onsite order book at Dubai Airshow 2009 has risen to US$10.5 billion after the UAE Armed Forces signed aircraft orders with Sweden's Saab and Switzerland's Pilatus.
Posted: November 17, 2009
UAE. International Petroleum Investment Co is in talks to buy Bayer's MaterialScience division, chemicals trade publication ICIS reported.
Posted: November 17, 2009
UAE. Eurofighter CEO sees Middle East demand between 50-100 aircraft out of a total 300 global export contracts.
Posted: November 16, 2009
UAE. 'It will happen by the end of the year,' Sheikh Ahmed bin Saeed Al-Maktoum told reporters at the Dubai Air Show today.
Posted: November 16, 2009
QATAR. Qatar plans to sell bonds denominated in US dollars due in 2015, 2020 and 2040.
Posted: November 16, 2009
INTERNATIONAL. China is leading the world out of recession and has a key role to play in the longer-term reform and rebalancing of the global economy, Dominique Strauss-Kahn, Managing Director of the IMF, said in a speech to the International Finance Forum in Beijing today.
Posted: November 16, 2009
INTERNATIONAL. The US government executed separate letters of offer and acceptance with three of its key allies to purchase Raytheon company's AIM-120C-7 Advanced Medium Range Air-to-Air Missile
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RedditMIDDLE 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.
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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.
The dollar is on death row with no one prepared to grant a stay of execution, says Louis JamesPosted: November 18, 2009
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.
