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 ...
Good times continue for the GCC
Thursday, July 31st, 2008 Posted in Oil, Regional News | No Comments »2008 GDP for the GCC is set to surpass $1T (+36% yoy) along with an impressive doubling of cement capacity by 2010, not to mention similar increases expected in petrochemicals, natural gas and other industries. Economic and investment boom ...
Airbus, Boeing gain on major Abu Dhabi order
Tuesday, July 15th, 2008 Posted in Regional News, Uncategorized | No Comments »The emirate continues its broad expansion into the global airlines market as strong petroleum prices boost its purchasing power. In all, $25B was laid down for major orders for the ME as the region continues to grow its network of ...
At a cost of $52,150/Dubai resident, emirate gambles on huge airport
Tuesday, June 24th, 2008 Posted in Regional News | No Comments »Dubai, one of the seven emirates in the UAE, has a population of 1.6M. However, its government is willing to bet big - $82B big - that its geographic location and timing are right to build the world's largest airport. ...
Dubai to grow $60B city
Tuesday, June 24th, 2008 Posted in Regional News | No Comments »The sheikh ruler of Dubai, Sheikh Mohammed Bin Rashid al-Maktoum, promised (6/23) to build a new $60B city complete with 800 million square feet including residential, commercial, educational and tourism components. To be developed by Dubai Properties, the Eric Kuhne-inspired ...
Gulf Real Estate Projects Total $2.4 Trillion
Sunday, June 15th, 2008 Posted in Real estate, Regional News | No Comments »The Wall Street Journal recently published "Celebrity Endorsers Help Lure the Rich to Dubai: Brad Pitt Will Design Five-Star Hotel, Resort; Even B-List Makes It." Beyond the talk of celebrities and buried in the latter portion of the article is ...
Subprime woes lead NYC RE investors toward ME
Saturday, May 31st, 2008 Posted in Regional News | No Comments »Gulfnews.com reports (5/30) that New York City real estate investors hope to recreate the kinds of gains realized by Asian and Middle East SWFs during their recent investment period in New York City's big banks following the subprime losses by ...
India’s Satyam hunts for deals in Asia, ME
Saturday, May 31st, 2008 Posted in Regional News | No Comments »India's fourth largest software firm confirms anticipation (5/30) of inking deals in Asia and the Middle East in the next quarter. "The outlook for deal closures is very positive in the Middle East and positive in Australia," Virender Aggarwal, ...
Allianz Global Investors selects Bahrain for ME office, Sharia-compliant funds
Thursday, May 29th, 2008 Posted in Regional News | No Comments »Germany-based Allianz Global, one of the world's five largest asset managers with $1.4T under management, has indicated (5/28) it will open its ME office in Bahrain, and that it intends to open two Sharia-compliant equity funds for the region. ...
RGE Monitor on the Middle East
Thursday, May 15th, 2008 Posted in Regional News | No Comments »Key takeaways from the RGE Monitor's recent coverage (5/14) of the Middle East: "The IMF’s latest regional outlook for the Middle East – released on Monday – suggests that high oil prices will continue to fuel both government spending and private ...
