Archive for: global recession

Gold Demand Soars in Asia: WGC Expects Positive Trends to Continue

Extraction and production of the precious yellow metal gold by Turkey has increased by 43% to 24.4 tonnes in 2011 compared from a year ago. Photo - Reuters

Gold – the yellow metal that’s as priceless as the word can imply. Everyone wants to own gold, wants to buy it as an investment for the future. But not many do manage to invest in gold thanks to its ever-increasing prices. And the ones who do are quite careful […]

 
 

Commerce Activities in Dubai Surge: Brighter Times Await in the Horizon

Commerce Activities in Dubai Surge: Brighter Times Await in the Horizon

Dubai’s economy is bouncing back with latest trade figures revealing that Dubai’s trade grew exponentially to over 1.32 trillion dirhams (about US$ 362 million) in 2013, leading to a growth of about 7.6%. Regarded to be one of the richest regions in the oil-laden Middle East, the UAE and in […]

 
 

JP Morgan investigated by Department of Justice

JP Morgan investigated by Department of Justice

It seems like as more stones are turned over and the aftermath of the global financial crisis keeps unravelling, there is an abundance of fraud and malpractices to be seen everywhere. Only last week, the rating agencies were dragged into the courts for mislabelling the securities they graded and now […]

 
 

The Asian Bond Bubble

The Asian Bond Bubble

There is a strong sentiment being felt in the market right now which says that as credit markets in the West see an outflow of funds due to deepening eurozone crisis and a floor on the interest rates, more and more funds are being directed to the Asian bond markets. […]

 
 

Dodd Frank faces fresh opposition

Dodd Frank faces fresh opposition

The Dodd-Frank Act was a bill introduced in light of the global financial crisis in order to reign in or at least have a supervisory authority over the financial industry to keep a close eye on the activities and limit trading which could cause another crisis down the line. In […]

 
 

When is a regulation not a regulation?

When is a regulation not a regulation?

The EU seems to be working on a regulation which will spread around the risk that exists in the hands of a few. The crisis that took place in the US, termed “too big to fail”, occurred due to the fact that too much risk was concentrated in few hands. […]

 
 

The Dark Knight of High Frequency Trading

The Dark Knight of High Frequency Trading

The technological glitch at Knight Capital Group was not the first time that technology had reared its ugly head in trading and led to massive fluctuations in different stocks. Before that it was the flash crash of May when billions were erased from the Dow Jones index that was corrected […]

 
 

Fiscal Cliff Solution: Easier Said Than Done

Fiscal Cliff Solution: Easier Said Than Done

One does not need to be the Fed Chairman or even have a doctorate in economics to know that the fiscal cliff is going to be bad. The simultaneous rise in taxes and the fall in government spending will have multiple effects on the economy and both will dry up […]

 
 

Middle East Business News Review – 11 November

Middle East Business News Review – 11 November

Today’s top business and economy news from the Middle East and North Africa: ADNOC to retain current UAE oil concession structure Abu Dhabi National Oil Co (ADNOC) director general announced on Sunday the company will present the current structure of its oil and gas concessions in the United Arab Emirates […]

 
 

Middle East Business News Review – 7 November

Middle East Business News Review – 7 November

Today’s top business and economy news from the Middle East and North Africa: Emirates inks deal for 2014 Glasgow Games Emirates Airline was unveiled on Wednesday as an Official Partner of the Glasgow 2014 Commonwealth Games and the Official Airline of the Queen’s Baton Relay. The partnership strengthens the Dubai-based […]

 
 

The US Debt Ceiling and Presidential Election 2012

The US Debt Ceiling and Presidential Election 2012

Last August, America faced one of the most difficult decisions it has had to make regarding its financial history. Throughout its history, America has had been to wars, faced depression and hardships but never its financial viability had been in question. This security made the country certain and secure in […]

 
 

G-20 Summit: The Backdrop

G-20 Summit: The Backdrop

The classic case of having your own cake and getting to eat it too is what England faces right now. For many years, even though New York and Europe collectively have had a certain financial prowess, London still is the epicentre of all financial activities taking place in the West […]

 
 

Middle East Business News Review – 4 November

Middle East Business News Review – 4 November

Today’s top business and economy news from the Middle East and North Africa: Guinea, UAE seal bauxite deal Compagnie des Bauxites de Guinee (CBG) and Mubadala Development Company have signed a long-term supply agreement to supply bauxite, the main raw material in aluminium, the UAE’s state news agency reported on […]

 
 

UAE banks not at risk from Western financial crisis: CEO

UAE banks not at risk from Western financial crisis: CEO

The CEO of a leading financial firm said on Sunday the UAE economy will be able to sustain the fallout of the deepening Western financial crisis. Sailesh Dash, CEO of Al Masah Capital Limited in Dubai, assured that the Emirati banks would not emulate an increasing number of European and American […]

 
 

Too Big to Fail – Explained

Too Big to Fail – Explained

The phrase too big to fail did not exist in the world of finance before the 2008 financial crisis. The fact of the matter was that companies and institutions were thought of as being independent and their finances were seen as limited and restricted enough not to overflow its own […]

 
 

The Chosen Few Keep Benefitting from LIBOR

The Chosen Few Keep Benefitting from LIBOR

LIBOR seems to have become from a benchmark to the most maligned word in the financial industry right now. From being set up by handful of banks a few months ago, it seems now that – even as investigation goes on into the matter – smaller groups of companies are […]

 
 

Middle East Business News Review – 8 October

Middle East Business News Review – 8 October

Today’s top business news from the Middle East and North Africa: Etihad announces partnership with Air France-KLM Rapidly expanding UAE flag carrier Etihad Airways says it has struck a deal with Air France-KLM to market some of each other’s flights as the first stage of a larger strategic alliance. Alongside […]

 
 

Middle East Business News Review – 4 October

Middle East Business News Review – 4 October

Today’s top business news from the Middle East and North Africa: Oman announces desalination plants worth $400m An Omani government official announced on Thursday there are plans in place to build three desalination plants at a cost of about $400 million to meet the soaring demand for water. An official […]

 
 

Wall Street: A case of rotten apples?

Wall Street: A case of rotten apples?

The series of financial malfeasance and the continuation of these events taking place time after time makes one wonder whether it is a coincidence that Wall Street is house to the world’s most rotten apples. Agreed that it isn’t Wall Street this time but the UK, the mentality is still […]

 
 

Inflation rising due to higher energy prices – OECD

Inflation rising due to higher energy prices – OECD

The OECD said on Tuesday that many advanced economies are facing a rise in annual inflation due to higher energy prices, with some hitting 2% in August from 1.9% in July. “Energy price inflation accelerated sharply to 3.5% in August, up from 0.7% in July, while food price inflation slowed to […]

 
 

High Frequency Trading: Too difficult to rein in?

High Frequency Trading: Too difficult to rein in?

The last few years have seen trading move from minds to machines, from brains to bytes and from calling out orders to typing it in. This would mean that human interaction has been minimised with trading being carried out between terminals and computers rather than people. The pit trading style […]

 
 

Middle East Business News Review – 26 September

Middle East Business News Review – 26 September

Today’s top business news from the Middle East and North Africa: Britain-Holland propose ‘full’ financial freeze, shipping ban on Iran Members of the European Union are discussing a sanctions proposal presented by Britain against Iran that calls for a ban on shipping and a “full” freeze on financial transactions with […]

 
 

Middle East Business News Review – 5 September

Middle East Business News Review – 5 September

Today’s top business news from the Middle East and North Africa: Dubai Airport July passenger traffic registers 6% increase Dubai International Airport’s passenger traffic increased 6% from a year earlier in July, with monthly traffic surpassing 5 million passengers for the first time, Dubai Airports said on Wednesday. The airport, one […]

 
 

Qatar National Bank benefitting from Arab uprisings, expanding Middle East operations

Qatar National Bank benefitting from Arab uprisings, expanding Middle East operations

Qatar National Bank is taking advantage of European banks’ downsizing by extending its Middle East reach through acquisitions, a report said on Wednesday. According to a stock market filing on 30 August, the state-backed lender of Qatar, which is 50% owned by Qatar’s sovereign wealth fund, is in early talks to buy […]

 
 

Quantitative Easing – A Dry Run

Quantitative Easing – A Dry Run

In context to the recent developments in the economies around the world, there is a certain preference for monetary policy to be used in order to reach the economic goals deemed necessary and pending. Central banks are looking to inject the liquidity in the markets in order to stimulate any […]

 
 

How the markets see it

How the markets see it

The failed opportunities by European Central Bank and the Federal Reserve are pointing towards a track for necessitated action that has to be taken sooner rather than later. After last week’s inaction, there are growing calls everywhere for either of these bodies to give a much needed support to the […]

 
 

Middle East Business News Review – 8 August

Middle East Business News Review – 8 August

Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa GCC to emerge as solar energy hub in near future Solar energy will dominate the upcoming renewable energy development in the Gulf region, a newly published research report […]

 
 

McDonald’s Middle East region July sales hit by Ramadan

McDonald’s Middle East region July sales hit by Ramadan

McDonald’s global same-store sales were flat in July as the fast-food chain posted declining sales across all three of its regions. It cited a negative impact from the shift in timing of Ramadan as reason for dip in Middle East sales. The corporation said it expected global sales at restaurants that […]

 
 

Setting the new LIBOR rate

Setting the new LIBOR rate

Ever since the LIBOR manipulation scandal came to the foray, there were two main concerns that were raised which had to be considered in the aftermath. The first one was how deep rooted the scandal was and how much it damaged the system retrospectively. The benefits and profits enjoyed by the […]

 
 

Middle East Business News Review – 31 July

Middle East Business News Review – 31 July

Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Global economic slowdown may still lead to oil price rise – report Global economic slowdown and a negative outlook towards major world economies will lead to a […]

 
 

Global economic slowdown may still lead to oil price rise – report

Global economic slowdown may still lead to oil price rise – report

Global economic slowdown and a negative outlook towards major world economies will lead to a decline in demand for oil but prices might still increase, a report published by a Kuwaiti institution said. The study added that despite current turbulences, prices are expected to witness improvement in Q3 of this […]

 
 

And then there were three LIBOR manipulators

And then there were three LIBOR manipulators

Barclays was the first bank to be named as the culprit in the recent LIBOR manipulation. However, it was expected that as the investigation would delve deeper and more names would come up. Recent investigations revealed executives at three banks who not only manipulated the benchmark rate but some of […]

 
 

Middle East Business News Review – 30 July

Middle East Business News Review – 30 July

Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Dubai International Airport posts busiest ever first half traffic Dubai International recorded its busiest first half in its history with 27.9 million passengers transiting through its three […]

 
 

Saudi CEOs top earners in GCC

Saudi CEOs top earners in GCC

Executives based in the Kingdom of Saudi Arabia (KSA) earn the most with an average annual salary of $422,280 ($35,190 per month), a survey carried out by a regional business magazine revealed. The Gulf Business survey‘s findings are based on the incomes of chief executive officers (CEOs) who are responsible for […]

 
 

Impact of stimulus on the markets

Impact of stimulus on the markets

The world market saw steadying of oil prices after the gains they made over the last week. Crude saw its price above $90/barrel on Monday as there is a renewed belief in the stimulus expected to be announced in the US while there is still an impact from the euro […]

 
 

Secure my swap

Secure my swap

Dodd-Frank Act seems to be gaining momentum and traction over the last month as the Commodity Futures Trading Commission has moved into overdrive. First, they moved to regulate the futures market under stricter rules and now they are monitoring the swap markets in a better manner as well. Swaps are […]

 
 

Between rock and a hard economy

Between rock and a hard economy

With an announcement by the Federal Open Market Committee (FOMC) expected next week, the question that needs to be answered is whether the Fed should step in to rectify the situation and how much will be enough to address the problem. The two folds of the question are important and both […]

 
 

Reigning in the future(s markets)

Reigning in the future(s markets)

What I do not own, I cannot spend. Maybe one of the most fundamental principles of life and basic budgeting. Even a 5-year-old knows that if you cannot afford it, you cannot have it. But what about money that is not mine and I still manage? Is it a grey […]

 
 

JP Morgan and the distorted financial reforms

JP Morgan and the distorted financial reforms

Regulation is not welcomed by anyone. No industry or firm in the world would like to have restrictions and limitations to be put on it. Under the veil of free market capitalism and spirit of entrepreneurship, the moral and social values are shunned and governments have to force the industry […]

 
 

Fed measures and signs of a new rally

Fed measures and signs of a new rally

Asian stocks made some slow advances for the third day in a row which had started last Friday. The cut in the key interest rates in South Korea and Japan is still having its effect on the markets and there seems to be a new wave of optimism amongst the market […]

 
 
 
 
 

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