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Middle East (UAE and GCC) Finance and Investment News

Following Financial Times establishing a Middle East edition and improved coverage by journalists, I will only be posting through this blog. Unless otherwise stated, I receive no remuneration from any organisation featured in this blog.
Middle East (UAE and GCC) Finance and Investment News Blog  
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Qatar Says 'Gas OPEC' to Discuss Unstable Gas Price

Dec 4, 2009
The Gas Exporting Countries Forum meeting next week will discuss ways of stabilizing natural-gas prices, said Qatar’s Oil Minister Abdullah bin Hamad al-Attiyah. Natural gas futures for delivery at the Henry Hub in Louisiana have fallen 19...

Dubai, Kuwait to Lag Behind in Mideast Recovery, Goldman Says

Dec 4, 2009
Dubai and Kuwait will lag behind other Gulf Arab states as the region’s economies recover, Goldman Sachs’ economist Ahmet Akarli said. “The hydrocarbon-heavy Saudi Arabia, Qatar and presumably Abu Dhabi, which also have exceptionally strong...

IMF Says Dubai Debt Fallout Contained, Events Still Unfolding

Dec 4, 2009
Following Dubai’s jolting announcement on November 25 that it would seek a standstill on the debt of Dubai World, the emirate’s flagship holding company, the government has taken several steps to contain the fallout. But the event still has...

Saudi market to reopen amid Gulf uncertainty

Dec 4, 2009
The Saudi stock market faces selling pressure when it reopens on Saturday for the first time since the Dubai debt crisis erupted even though the kingdom has little real exposure to it, analysts said. Closed since November 25 for the Muslim...

Lower Saxony to hold up to 22 pct in VW-Porsche

Dec 4, 2009
Lower Saxony will hold a stake of up to 22 percent in a combined Volkswagen-Porsche group (VOWG.DE: Quote, Profile, Research) (PSHG_p.DE: Quote, Profile, Research), giving it a blocking minority stake in Europe's largest auto maker, state premier...


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