Google+ Followers

Friday, 2 October 2015

Arab investors and expats may see red over Jeremy Corbyn’s UK property plans | The National

Arab investors and expats may see red over Jeremy Corbyn’s UK property plans | The National:

"The Queen Elizabeth II conference centre in London’s Westminster is an unlikely place for a revolution.

Across a busy road from the UK parliament, the 1960s edifice of huge dark rooms carries a slight aroma of buffet lunches of yore and cleaning products.

But on Saturday 12 September, live on television, the left-wing Labour Party leadership hopeful Jeremy Corbyn trounced three other moderate candidates to become the leader of the opposition with 59.5 per cent of the vote."



'via Blog this'

UAE stock markets face uncertain last quarter as IMF warns of emerging economies’ slowing growth | The National

UAE stock markets face uncertain last quarter as IMF warns of emerging economies’ slowing growth | The National:

"Investors are bracing themselves for an unsettled final three months of the year for UAE stock markets after a turbulent third quarter, as the IMF warns that emerging economies face their fifth consecutive year of slowing growth.

Headline indexes in Dubai and Abu Dhabi closed in positive territory on the first day of the fourth quarter yesterday, after each recorded their worst quarterly performance of the year for the three months to the end of last month.

Emerging markets were set for a fifth year in a row of declining annual growth this year, Christine Lagarde, the IMF’s managing director, said on Wednesday, with the global economy standing at “a difficult and complex juncture”."



'via Blog this'

As oil wealth dwindles, Saudi Arabia faces change | GulfNews.com

As oil wealth dwindles, Saudi Arabia faces change | GulfNews.com:

"At a petrol station in Saudi Arabia’s second largest city of Jeddah, drivers are fuelling up their cars at just 45 cents a gallon — four times less than the price of water.

To make that possible, the kingdom spends up to $10.7 billion per year on gasoline subsidies. It also offers a range of perks and welfare support to its citizens such as free health care and education, including thousands of scholarships to expensive Western universities.

Such largesse, however, is likely to be rolled back as the world’s largest oil exporter looks to curb spending for the first time in years due to a plunge in the price of crude, which accounts for 90 per cent of government revenue."



'via Blog this'