Wall Street crash may offer Gulf investors unparallelled access to U.S. markets
Monday, September 29th, 2008 Posted in Markets, News, SWF | No Comments »Though Gulf nations have certainly felt the aftershocks of Wall Street's crash, including the UAE, which had to pump billions into their public market to sustain liquidity levels, the region may soon join a growing list of institutional and sovereign suitors seeking bargains among the ruins. As the U.S. Congress ...
BREAKING NEWS (UPDATE): Gulf states move toward single currency and creation of central bank in face of Wall Street meltdown
Friday, September 19th, 2008 Posted in Markets | No Comments »Gulf ministers approved a draft for monetary union and creation of a central bank at a meeting in Jeddah on Wednesday. The plan is seen as a concerted effort to calm regional markets while declaring a measure of independence from ...
Gulf equities down, but not out, idiosyncrasies aside
Thursday, September 18th, 2008 Posted in Financial Services, Hedge Funds, Markets, SWF | No Comments »In consecutive days the FT has reported on the situation for equities in the Gulf region (see clipped excerpts below). In spite of the U.S. induced credit withdrawal felt around the world, the fact remains that the Gulf is ...
Proposed $7B U.S. defense deal with UAE may signal a strategic shift in Middle East relations
Thursday, September 18th, 2008 Posted in Defense | No Comments »When the Bush administration announced last week the proposed sale of the $7 billion Terminal High Altitude Defense system (THAD) to the United Arab Emirates, some observers interpreted the deal as a necessary antidote to Iran's missile capabilities. Behind this ...
Is OPEC’S demise greatly exaggerated?
Friday, September 12th, 2008 Posted in Oil | No Comments »When the Saudis walked out of Thursday's OPEC meeting in Vienna to protest a decision to cut oil production in response to declining prices, which now hover just above $100 per barrel, some members of the business press and related ...
Ready for its close-up, Abu Dhabi bids to become filmmaking capital
Tuesday, September 9th, 2008 Posted in General, Industrial investment | No Comments »With $1 billion in hand, the government-sponsored Abu Dhabi Media Company announced plans to produce eight feature films over the next five years. Abu Dhabi's move into filmmaking is seen as an attempt to unseat sister city, Dubai, as a ...
