Abu Dhabi assures as UAE declares no scaling down
Friday, October 31st, 2008 Posted in Markets, Oil, Real estate | No Comments »A $60 floor for oil prices seems reasonable at this point and is still profitable for the Gulf, although not quite like it was, when nearing $150/bbl. Abu Dhabi's budget is reportedly based on $40-$50/bbl prices, while Saudi's is ...
Qatar, Abu Dhabi banking on Barclays
Friday, October 31st, 2008 Posted in SWF | No Comments »Details below from MarketWatch, of an announcement by Barclays (UK: BARC) (NYSE: BCS) of an US$11.9B capital raising effort via convertible notes from Qatar Holdings, Sheikh Mansour Bin Zayed Al Nahyan, a member of the Abu Dhabi royal ...
Sovereign wealth funds remain interested in US market
Wednesday, October 29th, 2008 Posted in Markets, SWF | No Comments »As reported in a TradeFlow21 posting on September 29th, it was suggested that sovereign wealth funds may soon join a list of suitors seeking bargains among Wall Street's ruins. In an interview with the Financial Times published today, Deputy ...
BREAKING NEWS: OPEC to slash oil production by 1.5 million barrels per day
Friday, October 24th, 2008 Posted in Oil | 1 Comment »In what may be the first round of reductions in production, OPEC ministers agreed on Friday to cut output by 1.5 million barrels per day. With oil in a virtual free fall, even the Saudis may have finally found the ...
OPEC to meet in emergency session October 24
Saturday, October 18th, 2008 Posted in Oil | No Comments »In an entry on September 12 concerning OPEC's greatly exaggerated demise, the editors of TradeFlow21 cautioned against those who interpreted the rapidly declining price of oil, and the decision by the Saudis not to restrict output in direct opposition to ...
Even Pakistan is in need of a bailout plan
Saturday, October 18th, 2008 Posted in Markets, Regional News | No Comments »In the past twelve months, nuclear Pakistan has survived a constitutional crisis that led to the temporary suspension of rights, the assassination of a beloved former prime minister, and the resignation of a contentious president. With nations throughout the wider ...
ATIC chunks down for AMD foundry while Mubadala doubles down
Tuesday, October 7th, 2008 Posted in JVs, SWF | No Comments »Liquid Abu Dhabi investors to chip-maker AMD's rescue. The cost: $700M and $1.2B in assumed debt for Advanced Technology Investment Co. (ATIC) to acquire a sizable chunk in the JV (Foundry Co). ATIC is also said to have a ...
Jordan reigns supreme in brutal ‘08
Tuesday, October 7th, 2008 Posted in Markets | No Comments »See the FT's Lex team commentary below on the sole out-performance of Jordan amidst the ongoing massive global wealth destruction. Note the original was published last Friday, so after Monday's global sell-off, even Jordan is in the red now. clipped from ...
