Oil at $80 just about right for GCC and not bad for U.S.
Thursday, August 5th, 2010 Posted in Economy, Oil | No Comments »The US Dollar Index (which measures US$ performance against a basket of leading currencies) has been falling rather sharply of late, coinciding with an inverse rise in the price of crude oil, which last traded above $82 a barrel ...
IMF upbeat on GCC’s prospects
Friday, July 23rd, 2010 Posted in Economy, Industrial investment, Regional News | No Comments »The International Monetary Fund (IMF) said on Wednesday that the GCC member states should plan to exit their high fiscal spending policies in light of their US dollar pegs and exposure to oil cycle volatility, as they have successfully weathered ...
The complexity of Afghanistan’s $1T untapped mineral deposits discovery
Monday, June 14th, 2010 Posted in Economy, Industrial investment, News | No Comments »The New York Times (see image and clips below) reported Sunday that US geologists have discovered nearly $1 trillion of untapped mineral deposits, including iron, copper, cobalt, gold, and lithium. While this is potentially much needed positive game-changing news ...
GCC poised for strong 2010 fiscal position
Tuesday, May 11th, 2010 Posted in Economy, Oil, Regional News | No Comments »Emirates Business 24|7 reports that strong crude oil prices, currently at around $75/bbl and exceeding Gulf Cooperation Council (GCC) forecasts, will greatly improve members' fiscal and current accounts. It is debatable whether surpluses will reach the levels of the boom ...
GE-Saudi renewed partnership overshadowed by Wall Street folly
Monday, May 10th, 2010 Posted in Economy, Industrial investment, JVs | No Comments »Less than two weeks ago, General Electric and Saudi Arabia's Ministry of Commerce and Industry announced that they signed a memorandum of understanding (MoU), effectively reinvigorating their 70-year relationship. It should come as no surprise that GE's areas of core ...
Exports a bright, blind spot for the U.S.
Friday, February 5th, 2010 Posted in Economy | No Comments »The MarketWatch clip below details some of Commerce Secretary Gary Locke's key points from his speech at the National Press Club. The partners of TradeFlow21 couldn't agree more on the importance of rejuvenating exports. Our stance is that we ...
Four reasons why Dubai will survive
Wednesday, December 9th, 2009 Posted in Economy, General, Industrial investment, News, Real estate | 1 Comment »1) Actual (Strategic) Value of "Distressed" Real Estate: Dubai World, the government-affiliated parent company under scrutiny, is strapped with an estimated $24B in debt,including $7.3B in deteriorating real estate assets held by their Nakheel subsidiary. On paper, these assets are ...
Qatar wasting no time deploying capital, linking people and goods
Monday, November 23rd, 2009 Posted in Economy, JVs, Regional News | No Comments »A $25B joint venture was announced earlier today between Qatari Diar Real Estate Investment Co. and Deutsche Bahn AG, to build a railway system in the very liquid Gulf state of Qatar -- the world's largest producer of liquefied natural ...
Growing sense of optimism in Dubai — FT
Wednesday, November 4th, 2009 Posted in Economy, Regional News | No Comments »clipped from www.ft.com Signs of revival for Dubai property Dubai property prices have risen for the first time since the market crashed last year , up 7 per cent in the third quarter as demand revived and lending ...
IIF forecasts solid growth for GCC in 2010
Saturday, October 3rd, 2009 Posted in Economy, Regional News | No Comments »The Institute of International Finance (IIF) is forecasting a return to solid growth for Gulf Cooperation Council (GCC) states in 2010. The IIF expects current account and fiscal surpluses to remain "sizable," driven by a recovery in oil prices. The ...
