Regular readers of this blog will know that I have been to Dubai a couple of times over the past few years, most recently in March 2010 (see Dubai: Notes From A City At The Cross Roads) and have commented several times on the emirate’s financial crisis. Well, now I have come back from another… [Read more]
Emerging Market (EM) equities are looking pretty good at the moment, with the prospects of further quantitative easing out of the US Federal Reserve in particular helping to push a host of markets higher. Here at BMI, my colleagues and I have already entered bullish positions in our Key Market Views mock portfolio on Colombian,… [Read more]
Suggestions of a technical default on November 26 by UAE-based Dubai World have sent shockwaves through the financial world. Not only are creditworthiness concerns reaching boiling point, but global equity markets, too, seem to initially have gone into panic mode. Business Monitor’s Liz Martins and Terry Alexander discuss the implications of a debt default by… [Read more]
The news that Dubai World, one of the stalwarts of the Dubai economy, is potentially defaulting on its debt is, quite simply, massive. It highlights the sheer scale of a financial crisis that Dubai has been doing its best to keep under wraps for more than a year. The situation is far from clear, but… [Read more]
Upon her return from the United Arab Emirates, we ask Liz Martins from the Middle East desk at BMI to share some of her views on the country and its prospects of weathering the macroeconomic storm hitting the region.
Around this time last year, I blogged about the correlation between the completion of skyscrapers and recessions. Having just returned from the UAE, which is getting ready to open the spectacular Burj Dubai in December, I can confirm the relationship remains in place. Certainly, the opening of the tower doesn’t mark the beginning of the… [Read more]
