Mixed growth across UAE

Sunday, 20 October 2019 16:34

The performance of property in the UAE was mixed during 2012, according to new research. While Dubai's housing market is recovering quickly, its neighbour Abu Dhabi isn't faring as well, the Global Property Guide reported. Reidin.com's all-residential property price index revealed an 18.89 per cent surge in Dubai (18.26 per cent in real terms)...

Economics after the crisis: New model army

Sunday, 20 October 2019 16:34

THE models that dismal scientists use to represent the way the economy works are sometimes found wanting. The Depression of the 1930s and the “stagflation” of the 1970s both forced rethinks. The financial crisis has sparked another.

The crisis showed that the standard macroeconomic models used by central bankers and other policymakers, which go by

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Cape Verdean economic freedom greatest of all Portuguese language countries

Sunday, 20 October 2019 16:34

Cape Verde enjoys greater economic freedom than other Portuguese language countries, according to a new report. The 19th edition of the Index of Economic Freedom, compiled by the US Heritage Foundation, revealed the West African archipelago has an economic freedom rating of 63.7. This makes Cape Verde not only the 65th freest out of 177 ranking...

Private equity: Shift-Ctrl-Dell

Sunday, 20 October 2019 16:34

PRIVATE-EQUITY barons once mused that the advent of the $100 billion leveraged buy-out (LBO) was only a matter of time. The financial crisis of 2007 punctured such lofty thoughts. But they revived this week, amid unconfirmed reports of an attempt to take Dell, a struggling computer-maker, private. If consummated, the deal would be roughly three

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The bond market: Bit by bit

Sunday, 20 October 2019 16:34

AT “55 Underwater”, as the building at 55 Water Street in lower Manhattan has been known since being flooded during Hurricane Sandy in October, the clean-up is almost over. A trove of soggy paper securities held there by the Depository Trust & Clearing Corporation (DTCC) has been removed to a secret location for a process of “freeze-dried” rest

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Foreign buyers preserving Spanish live market

Sunday, 20 October 2019 16:34

Foreign buyers are helping to preserve the live market in Spain, but cannot absorb the nation's property surplus alone, according to one expert. During a radio interview on 9 Valencia, a spokesperson for Inmoaction explained that overseas buyers are driving activity, but the market is so saturated that even high demand from foreign investors can...

Global trade: View from the bridge

Sunday, 20 October 2019 16:34

IF TRADE routes are the global economy’s circulatory system, the port of Long Beach is one of the valves. Last year the port processed 6m containers, making it America’s second-busiest (neighbouring Los Angeles is number one). Nearly 5,000 vessels visited Long Beach in 2012. Their scale is vast. The OOCL Asia, a container ship observed recently by

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Developing-country trade: O for a beaker full of the warm South

Sunday, 20 October 2019 16:34

ANOTHER milestone in the long shift of economic power from rich, industrial economies to middle-income and developing ones has been passed. According to new figures from the World Bank, the value of exports from developing countries to other developing countries (“South-South” trade) now exceeds exports from poor countries to rich ones (“S

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Is tourism harming the Moroccan property market?

Sunday, 20 October 2019 16:34

Morocco's growing tourism industry could in fact be harming the country's property market. Figures from the central bank Bank Al-Maghrib have shown that loans to homebuyers and companies have grown at the slowest pace in a decade during the year-to-November 2012. Conversely, money is being ploughed into hotel developments, which is causing a...

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