In response to the discussion on real estate

http://mandjadventures.blogspot.com/2006/01/towering-thoughts.html

Dubai property market will go down in the years to come. However, Unlike the NY in 1920's, global economy will not let it crash. In recent histroy, the closest boom in real estate this size comes from of Singapore and HK.(And to some extent the building boom of southeast asia, through not limited to one city). Most of the property market in UAE, infact more than 80%, is in the hands of selected few, making such a crash very unlikely. Unlike the liquidity problems of southeast asian crisis in the year 1997 when global money flowed out of the nations almost at once, high oil prices will cushian any rapid outflow of money. Considering that most of the budget plans for these investments were make keeping in mind of oil at 35$ per barrel, UAE and broader middle east has plenty of money.

The Business Section of Gulf News

I have been following up more on the news reporting styles of UAE newspapers ever since i started reading secretdubai.blogspot.com . Over the past few months, I came to like Business section of the Gulf News. It is one of the better business news services of the middle east (In English atleast), and i make a point to read it. More important than the general news is the daily news/analysis articles of Financial Times of London and Economist Magazine. It is nice to imagine that public in dubai are reading such noteworthy newspapers/magazines. Especially since the number of regular book readers in united arab emirates are so few.

However, today's Headline was too much to bear. It is an expert advise that the year 2006 "stock market" will correct itself. Half of the blame goes to the middle east analysts. Most of them are unknown to the general public and any "expert" is subject to the paper or the company he or she works for. The second part is having analysis as part of the news reporting section of the paper. When you look at the headlines, you expect news not analysis except when analysis is done by a newsmaker.

Yallo!!

Hey everybody,

Too busy to write on anything particular. Busy with work and everything that goes with it. I am presently debating weather to start preparing for CFA - Charatered Financial Analyst. The main issues are the time and continued interest. I am so used to the idea of class room study or group study that the thought of preparing for the examination alone is not very pleasant. However, on the other side, i do not want to spend any money going to coaching classes. Moreover, i did not hear about any good coaching classes here in the middle east. Do you know any such courses which are good? R you trying to study for the level one of the examination? If so, drop me a comment and we can try to get together (If you are willing). I promise to delete the comment of any private information!!