The BI-ME eNewsletter
LOGIN:
www alibaba.com
Meet worldwide manufacturers, wholesalers
& importers
in Alibaba now!

Business News

FEATURED REPORT...
Posted: 24-07-2009
INTERNATIONAL. Marc Faber the Swiss fund manager and Gloom Boom & Doom editor said the US Federal Reserve managed, through stimulus, to do something that had never before been done - create a worldwide bubble in just about everything -stocks, bonds , housing and art. The only thing that didn't go up was the dollar, according to Faber. Speaking to the 10th Annual Agora Financial Investment Symposium in Vancouver this week, Faber said: “You cannot create prosperity through money printing and debt growth.” Faber preached an idea that became the theme of the event: Government fisc
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. US television superstar Oprah Winfrey will on Friday announce that her talk show will end in 2011, her production firm said.
Posted: November 20, 2009
UAE. Lee Westwood is back on course for a US$2.6 million jackpot on Sunday following a day of amazing twists and turns at the Dubai World Championship.
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
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
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
UAE. Race to Dubai leader Rory McIlroy was in a tie for fifth, but that was not good enough to make him the youngest Tour number one since Seve Ballesteros in 1976 with Lee Westwood in a tie for second.
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 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.

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.