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Dubai World’s Debt

Dubai World, the holding company in charge of developing Dubai’s premier tourism and housing projects such as The World Islands and The Palm Islands is yet to confirm how it will repay $59 Billion in debt that it owes creditors, $22 Billion of which it has delayed repayments upon and needs to “re-schedule”. In laymans terms, they need more... Read more of this article

Of Real and Financial Economies

I thought that it would be appropriate to comment on how the “real” and “financial” economies seem to be working these days, as their movements are tracked throughout this week’s market updates. By financial economy I mean banks, by real economy I mean manufacturing, mining, farming and other activities that create the bulk of jobs.   The... Read more of this article