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Salaries, disposable income, luxuries, and savings; HSBC used these four factors to determine a league table of the best expat destinations from a financial point of view. Here’s the top ten.
Arabic News View
Kipp takes a look at some editorials from the Arabic press. This week: Iraq’s oil targets; US peace talks; Gaddafi and his girls; Jordan’s economy; Israel and Palestine prisoners.
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Alia Akkad
Alia Akkad
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The great fares rip-off?
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Dubai stock market falls to 20-week low
The Dubai stock market fell 5.8 percent to 1,745 points on Monday, it’s lowest in four months, with property stocks seeing the biggest drops. Shares of Emaar Properties fell 10 percent, Union Properties fell 9.3 percent and Emirates NBD fell 4.8 percent.
Analysts say that investors are still concerned about the restructuring of government-owned Dubai World, and are worried whether it will be able to repay its debts. Dubai’s index has fallen 17 percent since the emirate announced a six-month delay of Dubai World’s debts on November 25.
Iraq raises crude prices for U.S. Europe, Asia-source
The October price for Basra light crude for Asian buyers was set at a discount of $1.35.
The October price for Basra light crude for Asian buyers was set at a discount of $1.35.
Tags: debt, Dubai, Dubai World, falls, stock market.
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