Economy faces New Recession

The U.S. economy is headed for another recession that government intervention cannot prevent, according to the Economic Cycle Research Institute. Such downturns will occur more often. Lakshman Achuthan, co-founder of ECRI says: “This is a new recession; it’s not a double dip recession…We can’t avert it.” Last Friday, ECRI’s Weekly Leading Index  growth indicator reported […]

“Depending on how debt is managed in Dubai, foreigners will decide whether or not they will invest in UAE”

Growth in the Gulf Cooperation Council states is expected to rise to 4.4 percent in 2010 and 4.7 percent in 2011, the Washington-based Institute of International Finance (IFF) said in a report on Monday. United Arab Emirates is forecast to lag behind the other Gulf countries at two percent growth in 2010 and 3.1 percent […]

Is the Gulf entering or coming out of Recession?

During the last 12 months, analysts and researchers from the most prestigious firms, such as BofA Meril Lynch and EFG Hermes, produced reports aiming to convince the general public that The Recession is well over and behind us. In 2010, UAE’s GDP growth is roughly projected to reach nearly 2%, while inflation is even slowly […]

Back to School in a Recession

Having an MBA once guaranteed you a high-flying job with an even higher salary. But that’s not necessarily true anymore. In the wake of the global recession, there are now more skilled jobseekers than there are skilled jobs. But that’s not deterred record numbers of students applying for MBAs this year. But why?

A hearty thanks and a promise for 2010

Dear Readers, To all those who have followed Dubai Chronicle coverage online, we would like to offer a hearty thanks and a promise for 2010. In the coming 12 months, we at Dubai Chronicle will continue with our efforts to cover the major business  and financial developments with authority, judgment and imagination. Next year will […]

Exclusive Analysis on Middle East risk

Black Friday Deals Apple Store UAE Middle East analysts from London-based risk consultancy Exclusive Analysis answer emailed questions about Iran, Saudi Arabia and UAE, reported Reuters. Q: Do you anticipate widespread defaults in the UAE in light of the global credit crisis? Which sectors are most likely to be affected? How will this affect the […]

Recession or Depression?

Black Friday Deals Apple Store UAE A recession is defined to be a period of two quarters of negative GDP growth. By definition is a national or world event and statistical aberrations or one-time events can’t create it, as for a recession to occur the real economy must decline. Are we in a recession or […]