Middle Eastern
UAE banking sector bucks global downtrend
UAE banking sector bucks global downtrend DB, UBS, CS Chairman of Dubai’s financial free zone DIFC said Wednesday that the United Arab Emirates, UAE,lenders would be hardly affected by job cuts at their Western counterparts. At the sidelines of the DIFC Forum, Chairman Al Ghurair addressed the media at a roundtable, saying the UAE banking [...]
Dubai Real Estate News
While Dubai still has to deal with the aftermath of the global recession, the steady rebound of the economy is bringing confidence back in the markets due to the emirate’s ability to meet its obligations. On September 17, Dubai’s credit default swaps, which stand for the cost of insuring against default, were at 278 basis [...]
Jumeirah Restaurants Some of the Worlds Best
Jumeirah, the global luxury hospitality group and a member of Dubai Holding, is delighted to announce that Al Mahara, the seafood restaurant in Burj Al Arab, and The Rib Room steakhouse in Jumeirah Emirates Towers, have both made it on to The Daily Meal’s first annual ’101 Best Hotel Restaurants Around the World’ List. Based [...]
The Pearl Industry Returns to the Gulf
The Pearl Industry Returns to the Gulf After developing a much less expensive technique of producing cultured pearls in the 1930s, Japan has dominated the pearl industry for decades. What was once a booming business in the Gulf, the pearl business lay dormant there since then. That was until now. A pearl company, currently selling [...]
Patton Boggs Strengthens M&A, Capital Markets, Energy, Islamic Finance Capabilities with Additions in New York, Washington and Saudi Arabia
Patton Boggs LLP is strengthening its M&A, Capital Markets, Litigation, Energy and Islamic Finance practices with the addition of eight professionals formerly affiliated with Dewey & LeBoeuf. Five of these professionals will form a Patton Boggs affiliate office in Riyadh, Saudi Arabia, while two will be based in the firm’s Washington, D.C. office and one [...]
Iran May Surrender Nuclear Push
Iran may stop Nuclear program, sites sanctions Iran says it is considering a Russian proposal to stop the expansion of its nuclear program in order to avert new sanctions. “We need to study this proposal and to establish on what basis it has been made,” Ambassador Mahmoud-Reza Sajjadi said in an interview at the Iranian [...]
Saudi Arabia and Lebanon lead in number of Arab billionaires
Saudi Arabia and Lebanon lead in number of Arab billionaires Forbes Arabia on Sunday revealed that Saudi Arabia and Lebanon have the highest number of wealthy people in the Arab world, each with 8 billionaires. Prince Alwaleed Bin Talal Al-Saud, a global investor, tops the Arab fortune list with a wealth of US$18-B, while a [...]
Record Trading at the Dubai Gold and Commodities Exchange (DGCX)
DGCX Records Highest Ever Monthly Volumes in March March volumes rise 141% year-on-year to reach 550,735 contracts, valued at $22.8 billion Indian Rupee futures achieve highest ever monthly volume of 495,153 contracts Year-to-date volumes jump 126% from 2011 to reach 1,545,899 contracts March volumes on the Dubai Gold and Commodities Exchange (DGCX) registered a substantial [...]
Oil to Rally as Iran Cuts Supply
Iran halts Crude Oil exports to France and UK Iran stopped exporting Crude Pil to French and British companies, the Oil Ministry’s news website Shana reported, citing Alireza Nikzad Rahbar, a ministry spokesman. Iran “will give its Crude Oil to new customers instead of French and UK companies,” Rahbar said. The halt in shipments followed [...]
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Dow Jones Industrial Average (INDEXDJX:.DJI) Short Sell Alert
Shayne Heffernan takes a look at the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI)
Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bullish
A long upper shadow occurred. This is typically a bearish signal (particularly when …
Commentary
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Working with some of the World’s largest financial institutions HCM’s goal is to provide portfolio returns that exceed the S&P 500 Index benchmark while …
UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
As debt-laden Dubai’s economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up during pre-crisis years but the …
The Hot List
Enviro-Serv Inc (OTCMKTS:EVSV), Medical Marijuana Inc (OTCMKTS:MJNA)
Enviro-Serv Inc (OTCMKTS:EVSV)
EVSV had a stellar dy yesterday, ut it looks like it is just the begining of big things, good …
shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
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Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
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