ArabianBusiness.com - Middle East Business News
Monday, 01 December 2008 21:31 UAE time
Gulf economic growth set to slow

Gulf economic growth set to slow

Politics & Economics
Merrill Lynch cuts GDP growth forecasts for UAE, Saudi, Qatar and Kuwait due to global downturn.

UAE to pump additional $19bn into financial system
Banking & Finance
UPDATE 2: Funds bring amount UAE devoted to fending off credit crunch to $32.7bn.

Qatar's wealth fund to buy capital of listed banks
Banking & Finance
Investment authority to purchase up to 20% of listed banks to boost confidence.

Cleric calls on Muslims to 'profit from world crisis'
Politics & Economics
Influential Qatar-based cleric's praise for Islamic economies at opening of conference.


TALKING MARKET TURMOIL FOCUS

Beware the armchair tipster
Technical analysis, they say, is the art of drawing a crooked line from an unproved assumption to a foregone conclusion.

Stephen Corley  

Wall Street's seismic shift sends aftershocks
The Gulf's oil-fuelled feeling of economic invincibility has been shaken by the week's events.

Sean Cronin

HAVE YOUR SAY

Has the recent volatility on Gulf stock markets in the wake of the escalating US financial crisis proven once and for all that the region’s markets are not insulated from the rest of the world?
Air Your Views

RELATED STORIES

    UAE's Union Nat'l Bank sees '08 profit up 17%

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    Amlak suspends new mortgage loans

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    UAE to assess if $19bn facility enough for banks

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    Kingdom will join calls for greater oversight of financial markets, says official ahead of G20 meeting.


    Bahrain banks real estate exposure below 30% - cbank

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    Oman receives tourism project finance assurances

    Money there for $20bn developments over seven years, says minister.


    Kuwait's Jazeera Airways to delay Dubai listing

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    Oman central bank to supply dollars to local banks

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    India in unexpected rate cut

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    Recession latest threat to Iraq

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    Brown calls on Gulf to cough up to fight crisis

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    Senior GE exec upbeat over future Gulf growth

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    UPDATE 3: Deputy secretary says US wants to make clear it is open to investment from wealth funds.


    Oil falls yet again amid global recession fears

    UPDATE 1: Price drops for third day to $62 as Asian and US share markets nosedive.


    Saudi tries to allay economic fears

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    NBK not affected by Gulf Bank troubles - CEO

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    Kuwait to guarantee bank deposits

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    Dubai, Abu Dhabi property sales at near standstill

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    GCC says turmoil makes monetary union urgent

    UPDATE 2: Adequate steps already taken in response to financial crisis - policymakers.


    UAE market support should raise confidence - analyst

    Morgan Stanley backs gov't move to guarantee deposits for three years.


SPOT POLL

Is the worst of the global financial crisis over or is more bad news on the way?

The worst has now passed. It’s unlikely that any more US banks will do the way of Lehman Brother and the global economy will recover in the coming months.
The worst has passed, but with several major Western economies on the brink of recession it will a long time before global economy recovers.
The crisis is far from over. More major financial institutions will likely face trouble in coming months and the repercussion will be felt around the world.
What do you think? Have your say here...
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