gata.org / By Manoj Nair, Gulf News, Dubai / September 24, 2014
With local gold prices dipping below the 140 dirhams a gram (for 22-karat) level for the first time this year, it was enough to unleash a manic round of buying at jewellery stores in the United Arab Emirates [...]
arabianmoney.net / 11 September 2014
Dubai stocks tumbled to their lowest level in seven weeks as participants sold shares to raise funds to invest in the huge Emaar Malls Group initial public offering coming up next week and rumors swirled again about a possible sale of a large chunk of Arabtec stock.
zerohedge.com / by Tyler Durden on 08/12/2014 15:15
Despite Dubai’s recent explosion of speculative fervor (stocks and real estate), and the world’s leaders demanding we believe that global recovery is accelerating, there is yet another awkward anecdotal data point that suggests things are are far from ‘normal’. As Bloomberg reports, Dubai’s hotels had the [...]
johngaltfla.com / John Galt / July 20, 2014 08:45
Once again the idea that war(s) is or are good for the Middle East Sheikdoms appears to be a rumor only as the markets in the GCC are getting whacked again, especially in the United Arab Emirates where Dubai is down 5.99%:
zerohedge.com / by Tyler Durden / 06/24/2014 08:22 -0400
Long before there was a Greece (and its existential threat to world order), there was Dubai’s sovereign crisis in 2009 with Nakheel; and Dubai World (the floating islands) faced with massive debt loads and interconnectedness were bailed out. Since then it’s been nothing but ponies and [...]
zerohedge.com / by Tyler Durden / 06/24/2014 07:07 -0400
Judging by the surprising reversal in futures overnight, which certainly can not be attributed to the latest data miss out of Europe in the form of the June German IFO Business Climate report (print 109.7, Exp. 110.3, Last 110.4) as it would be [...]
zerohedge.com / by Tyler Durden / 06/23/2014 10:52
Less than 2 months ago we highlighted the effervescence of Dubai’s equity markets when a “shell” of a company with no actual operations (but big plans) was 36x oversubscribed. We asked at the time if investors would ever learn… and it seems just weeks later, that [...]
caseyresearch.com / Ed Steer / June 17, 2014
¤ YESTERDAY IN GOLD & SILVER
The gold price showed signs of life the moment that trading began at 6 p.m. in New York on Sunday evening. The gold price made it to as high as $1,285 shortly before the London open. That rally got capped—and then [...]
gata.org / By Babu Das Augustine / June 15, 2014
Diversifying away form its derivatives focus, the Dubai Gold and Commodities Exchange is all set to launch a spot gold contract that will make Dubai a major price discovery center for the precious metal.
“We are working on the spot gold contract’s specifications and [...]
zerohedge.com / by Tyler Durden on 05/23/2014 13:30
Three weeks after the formation of his company which “plans to” (as opposed to “is doing”) “buy underdeveloped land and rill shale wells,” 27-year-old Mark Hiduke raised $100 million from a local private equity firm. Makes perfect sense of course – especially after Dubai’s 31x over-subscribed IPO [...]
arabianmoney.net / 23 May 2014
The Rolling Stones last hit song was called ‘Gloom and Doom’ and that about sums up the mood of the past five years among many investors, most of whom have missed out on the surge in the S&P 500 from its devil’s bottom of 666 in March [...]
zerohedge.com / by Tyler Durden / 05/06/2014 12:38 -0400
Presented with little comment aside to remind those momentum junkies about to pile in to this surely-fundamental-driven rally (and best-performing stock market in the world in 2014) that a “blank check” Dubai IPO was recently oversubscribed by 36x.
zerohedge.com / By Tyler Durden on 04/30/2014 16:29 -0400
Over 300 years ago, the South Sea company was created (and successfully IPO’d) “for the purpose of rivaling the East India Company.” It had no actual operations as of yet but the buying panic for shares was driven by greedy investors seeing the government’s elite doing [...]
arabianmoney.net / 06 April 2014
Dubai became the biggest transit city for gold in the world last year with around 40 per cent of the global physical gold trade passing through the city at 2,250 tonnes, according to the executive chairman of the Dubai Multi Commodities Centre Ahmed bin Sulayem speaking at the opening [...]
therealasset.co.uk / by JAN SKOYLES / FEB 26 2014
Last night Newsnight reported on a story of lies, conflict gold and one of the world’s largest refiners will be reported.
Amjad Rihan, a former partner at Ernst and Young Dubai, has blown the whistle on a cover-up by a major gold refiner in Dubai [...]