The average apartment price in Dubai rose by 13 percent this year and is expected to grow at the same rate next year as speculative buyers prop up demand, a study released on Sunday showed.
Prices rose despite expectations of arou
Government meddling in financial markets risks price distortion and under-investment and political attempts to tackle "speculators" are misguided, commodity exchanges told Reuters Global Energy Summit.
Executives of the world's trading flo
Speculators are now responsible for driving property prices below their ‘real’ values as investors pounce on distressed sales, said an UAE-based real estate expert.
Mohammed Nimer, CEO of mid market property development company MAG Group P
Record oil prices above $145 a barrel are being driven by speculative cash pouring into the oil market, Saudi Oil Minister Ali al-Naimi said.
The oil minister of the world's biggest exporter said demand and supply were less at play in the
The governor of the Central Bank of Bahrain became rather vocal over the weekend as the dinar and other GCC currencies continue to come under pressure.
He accused foreign banks of unethically piling pressure on Gulf currency pegs with the