Interpreting Middle East Economic News and Analyzing Market Trends

Category: Commentary & Analysis

Hey Egypt: How’s Sisi working out for you?

Cairo Egypt

Photo Source: Global Finance

 

In May 2014, Abdel Fatah Al-Sisi, former chief of the Egyptian military, became the country’s president after a nationwide election.  The main reasons for his rise to power stem from the wide-spread belief that the former president, Mohammed Morsi, was corrupt and was damaging the economy.  Rising food prices and unemployment coupled with an increasing number of power outages further reinforced Egyptians’ view of Morsi.  What has changed in Egypt since Sisi’s election?

 

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Trump’s 2nd golf course development in Dubai signals market top… time to sell!

 

Trump announces second golf course development in Dubai. Source: Emirates247

Donald Trump has had a poor track record at market timing, not only in Dubai, but also in the US.  His first attempt at property development in Dubai was at the top of the market.  The project barely got off the ground before being cancelled in 2011 as we reported in an earlier post here.  Will this time be different?

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Can you trust a group that can’t seem to figure out its name?

 ISIS, ISIL, IS, or whatever they are called, how can we take the group seriously if they can’t even agree on their name?!

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America’s latest weapon designed to punish Russia over its role in Ukraine: Oil

Putin visiting a Rosneft refinery in the Black Sea port of Tuapse in southern Russia Oct. 11, 2013. Source:  Hurriyet Daily News.

Putin visiting a Rosneft refinery in the Black Sea port of Tuapse in southern Russia Oct. 11, 2013.
Source: Hurriyet Daily News.

With American and EU sanctions failing to pinch Russia where it hurts, the American government, with their banker buddies, has found a sure way to hit Russia where it will hurt most – oil.  Western countries have been frustrated with the lack of leverage they have to sway Russia away from meddling in the Ukraine.  After all, Ukraine is their mess and they should be the only ones allowed to mess it up further.  The question is not whether their new weapon will work, but if they have really thought it through.  What effects will their meddling in the oil markets have on the rest of the world?

 

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Dubai Stock Market Crashes… is there more to come or is it a mere bump on it’s ride up?

Source: Zerohedge, Bloomberg

Source: Zerohedge, Bloomberg

 

The Dubai Financial Market (DFM) has officially crashed, losing over 20% of its value since May this year.  Should investors be concerned or will the market continue its  phenomenal rise?

 

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