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Arab wealth takes a hit

Arab wealth takes a hit

Old Jan 17th 2009, 5:38 am
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Default Arab wealth takes a hit



http://news.bbc.co.uk/2/hi/middle_east/7834829.stm
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Old Jan 17th 2009, 12:07 pm
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Default Re: Arab wealth takes a hit

boo hoo.
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Old Jan 18th 2009, 8:03 am
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Default Re: Arab wealth takes a hit

Perhaps they will start investing in a more efficient, disciplined and long term manner now...

...not likely though. If oil goes up again (which it might not for a year) it will be business as usual.

N.
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Old Jan 18th 2009, 9:38 am
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Default Re: Arab wealth takes a hit

I hear that the UAE will be investing US$16 billion in Nigeria in the next few years...
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Old Jan 18th 2009, 1:23 pm
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Unhappy Re: Arab wealth takes a hit

I've often wondered how well their assets are managed, this seems to answer at least a few questions.

Mind you they'll take a bit more of a hit if Brown manages to take control of Barclays (he seems to be doing his best to try and panic investors).
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Old Jan 18th 2009, 5:59 pm
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Default Re: Arab wealth takes a hit

Originally Posted by MacScot
I hear that the UAE will be investing US$16 billion in Nigeria in the next few years...
If so, that will certainly be coming out of Ab Dab........... the other place can't afford it.............
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Old Jan 18th 2009, 6:54 pm
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Default Re: Arab wealth takes a hit

Well, I don´t upset anyone but given the outlooks for the UK the MENA region looks like a haven of stability and fiscal prudence right now...

Basically everything have lost half of its value and borrowing heavily seems to be the only answer as far as the government is concerned.
The latest statement that basically all british banks are insolvent didn´t cheer anyone up...
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Old Jan 19th 2009, 11:24 am
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Default Re: Arab wealth takes a hit

Am worried about RBS.... their asset size is GBP 2 trillion

Wonder if the UAE Central Bank is guaranteeing their deposits in the UAE?
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Old Jan 19th 2009, 6:23 pm
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Default Re: Arab wealth takes a hit

Originally Posted by IndieG
Am worried about RBS.... their asset size is GBP 2 trillion

Wonder if the UAE Central Bank is guaranteeing their deposits in the UAE?

That ought to be the case..
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