All Posts Tagged With: "United Arab Emirates"
Frontier Markets
With the market the way it is today, you can’t help but look for an investment, any investment, that might react differently than everything else. These kind of investments are “non-correlated” because they move independently of the overall market. But they can be tricky to locate, and even harder to trust.
Congress Berates, Rebukes and Ridicules Executives from Five Major Oil Companies
Gas prices hit another record high. Soaring food prices ignite riots the world over. It should come as no surprise that a 71% increase in food prices since 2006 has the good citizens of South Africa, Morocco, Egypt, Ethiopia, Bangladesh and Mozambique up in arms.
Crude Beats a Retreat - Drop Comes Despite Huge Inventory Plunge
In the energy market Thursday, crude for July delivery retreated, closing at $126.62/barrel, down $4.41. June reformulated gasoline lost 5 cents, to $3.40/gallon.
Oil Exports Down
Could someone notify our clueless congresscritters? Fresh data from the U.S. Department of Energy show the amount of petroleum products shipped by the world’s top oil exporters fell 2.5% last year, despite a 57% increase in prices, a trend that appears to be holding true this year as well.
Global Investing Roundups: Friday, May 2nd, 2008
Exxon Mobil’s Profit Geyser; General Motors Cleans Up Its Act; Home Depot Boards Up 15 Stores; New $60 Billion City in U.A.E. Planned; Wheat Hits Five-Month Low; Brit Firm’s Silicone Valley Buy; Burger King’s “Whopper” Quarter; PharmaNet Plunges on Canceled Contracts.
A View From the Burj: Dubai’s Economy Fueled by High-Powered Government Investing
When flocks of tourists gaze from the top of the world’s tallest building - the colossal Burj Dubai, slated to be completed in 2009 - they’ll see a swath of construction cranes dotting the skyline and dozens of tankers awaiting arrival/departure from the world’s largest man-made harbor.
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