Interpreting Middle East Economic News and Analyzing Market Trends

Category: News

The Dubai Financial Market’s amazing rise…

DFM 5-5-2014 - Zerohedge

Source: Zerohedge

We’ve mentioned the amazing rise of the Dubai Financial Market in previous posts (here) and have been watching the rise in 2014, which has been even more amazing, up over 64% so far this year.  Remember what happened the last time the DFM took off like this?  Take a look here and see…

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Germany looks to cancel Saudi mega tank deal

German tanks to Saudi

Source: DefenceNews

Saudi Arabia’s plans to buy up to 800 German tanks is in jeopardy.  Germany’s Economy Minister, Sigmar Gabriel, is against the deal and without his approval it will not go through, according to German newspaper Bild.

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Here’s the real reason why Turkey blocked Youtube

On March 20, 2014, Turkey blocked access to Twitter to cover up alleged recordings of Erdogan and his son during a corruption investigation.  However, the big news came yesterday as Turkey started blocking Youtube.  CNN, BBC and most other media only brushed on the reason for the blocking saying it was a “discussion of possible military operations in Syria.”  Here is the real reason:

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Meet Egypt’s next dictator: Abdel Fattah El-Sisi

 

el-Sisi-and-Morsi

Photo source: FPIF.org

Meet Egypt’s future dictator, Abdel Fattah El-Sisi in the photo above, he’s the one on the left.  The one on the right is the former democratically elected president, Mohamed Morsi.  Morsi is now in jail.

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Dubai times it right: Abu Dhabi agrees to rollover $20 billion in Dubai’s debt

Downtown Dubai

The timing could not have been better for Dubai to have big brother Abu Dhabi agree to rollover $20 billion in debt.  The debt is part of a broader restructuring  leftover from the credit crisis.  Dubai still has a lot of debt outstanding.  The IMF estimates that there is over $85 billion of debt maturing between now and 2017.  Dubai is playing its cards right and the timing could not be better.

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