Abu Dhabi extends $10B lifeline to Dubai
Tuesday, December 15th, 2009 Posted in Islamic Finance, Markets, Regional News, SWF | No Comments »The Dubai Exchange rallied 10.4 percent yesterday in the wake of a $10 billion credit line from Abu Dhabi, coagulating some of the recent hemorrhaging. A portion of the funds will reportedly be used to meet a $4.1 billion bond payment owed by Nakheel--a real estate subsidiary ...
Rothschild sees opportunity, to expand in Saudi Arabia and Qatar
Saturday, October 10th, 2009 Posted in Markets, Regional News | No Comments »Hats off to Rothschild for its successful M&A advising in the Gulf; and it looks like the investment bank is far from finished. Rothschild recognizes Saudi Arabia (the Gulf's largest economy and one that is poised for sustained solid growth) ...
An ‘Alice-in-Wonderland’ moment in Jeddah?
Friday, July 17th, 2009 Posted in General, Markets, Trade | No Comments »Earlier this week, Treasury Secretary Tim Geithner traveled to Saudi Arabia to "reassure Gulf nations on their holdings of Treasury bills." In an 'Alice-in-Wonderland' moment of reversed roles and expectations, Mr. Geithner said the U.S. will defend the dollar and, ...
Ambassador Donnelly’s “12 Rules”
Tuesday, June 9th, 2009 Posted in General, Markets, Trade | No Comments »Ambassador Shaun Donnelly, who currently serves as Sr. Director of International Business Policy at the National Association of Manufacturers (NAM), told TradeFlow21 - Middle East Trade Summit participants (April 24) that he acknowledges there are challenges for businesses amidst the ...
TF21 embraces President Obama’s unequivocal message in Cairo
Thursday, June 4th, 2009 Posted in General, Industrial investment, Markets, News, Trade | No Comments »In a commentary posted on the TradeFlow21 website in advance of President Obama’s speech, we wrote that necessity: 1) demands the cessation of hostilities between Israel and its neighbors, including the creation of a sovereign Palestinian state as the only viable ...
Dubai introduces shariah-compliant gold ETF
Friday, March 6th, 2009 Posted in Islamic Finance, Markets | No Comments »On Monday of this week, the Emirate announced the launch of an "exchange-traded fund backed by physical gold." The fund will allow regional investors to not only preserve capital but perhaps generate substantial returns. The gold bullion, which will be ...
President Obama touts trade over protectionism in address to Congress
Thursday, February 26th, 2009 Posted in Industrial investment, Markets, Regional News, Trade | No Comments »In his first address to a joint session of Congress on Tuesday night, President Obama committed to work with G-20 nations to "restore confidence in our financial system, avoid the possibility of escalating protectionism, and spur demand for American goods in markets across the globe." This ...
The epitome of loyalty: Prince Alwaleed – Citi
Thursday, November 20th, 2008 Posted in Markets | No Comments »With his stake in Citigroup (NYSE: C) now self-reported to be less than 4%, Saudi Prince Alwaleed bin Talal bin Abdulaziz Al Saud said Thursday that he will raise it back to 5%, to the same level he purchased ...
TradeFlow21 Editorial: Yes, Mr. President, we can build a more prosperous, secure world through Middle East trade
Sunday, November 16th, 2008 Posted in Industrial investment, Markets, Oil, Trade | No Comments »We are traders all. We barter and bargain, agree then rescind, resume and conclude negotiations for goods and services throughout our lives. We trade because we are inclined by nature to do so, regardless of how we earn our daily ...
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 ...
