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Economics/Buisness


Middle East Economic and Business News.

Indian shares end seven-day decline to climb over 5%

Indian shares snapped a seven-day slide and climbed 5.5 per cent on Friday, after large domestic funds bought in late trade triggering short covering ahead of the weekend.

Users have to dig around on this site

Just because you can do something on the internet doesn't mean this thing has any practical reason. For an example of this, check out Lunarr.com.

Future cloudy for sovereign funds

Soverign wealth funds may need to limit purchases or even liquidate parts of their portfolios.

Exuberance yields to a new austerity

The party is over and the hangover has kicked in. In economies all over the western world, corporate executives and the rising stars of finance are beginning to think this downturn could be different.

Dubai's car sales could take a hit

One of the things that amazed me in my first few months in Dubai was how easy it was to borrow cash from the banks.

Affluence breeds discontent

People in countries with high growth rates tend to feel less satisfied with their lives.

Companies should plan for gratuities

As the uncertain economic climate begins to claim jobs in the region, it's becoming likely that more companies are looking at the possibility of having to let staff go.

November 22 2008

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