Dubai buys into top Australian gold junior « Peter J. Cooper’s Weblog

"This morning I read with some satisfaction that the Dubai Group has bought an 18 per cent stake in the Australian junior gold producer Citigold in a $29.4 million deal which makes Dubai Government its biggest shareholder. Earlier this year I wrote the article below for...

Millionaire spooked from mansion

When the real estate market drops, blame the ghost !"A millionaire businessman from Nottinghamshire has said ghosts forced him to flee his 52-room mansion. Clifton Hall was bought by Anwar Rashid for £3.6m in 2007, but he has now handed it back to the bank. Mr Rashid claimed...

Small completed property sector, big off

" You might think that this just has to be denting the confidence of some would-be buyers. But is it not realistic to propose that the main impact will be to deflect some of the people who would have bought off-plan back into the completed property market, and that this...

UAE, Gulf stocks set for a massive rebound! « Peter J. Cooper’s Weblog

"Stock markets in the GCC are set for a massive rebound on Sunday - with the Saudi Arabian bourse leading the way today as the only one trading on a Saturday. "

Skeptical about US bail out of financial markets: chance to buy gold?

"Wall Street has been rallied by news that Messrs Paulson and Bernanke plan to spend a weekend together to get the financial markets all sorted out. Can it really be that simple? Surely we are just going to see more of the nationalization and money injections of the past...

Ex-bankers should open gold and silver coin shops

" Retail investors have been a bit quicker to jump ship than many experts on Wall Street who will now gradually see the logic of investment in precious metals during a period of reflation. So there is going to be big money in owning a coin shop where retail clients can buy...

Another drunken Brit faces up to two years in Dubai jail after telling stewar...

Dude...pick a right place to get drunk or to get high. Oops...I did it again...."A drunken British air passenger who claimed he was going to detonate a bomb aboard a flight to Dubai is facing two years in jail in the Gulf state.A court heard yesterday that Mark Winterbottom,...

Waiting for the next shoe to drop! « Peter J. Cooper’s Weblog

"Business is lousy in the City and on Wall Street these days, and yet stock prices tell a different story: one of relentless optimism about the outlook for profits. Yet at sea a flat calm is usually comes before a storm. In Dubai we even had an earthquake yesterday and the...

ESPN wins Champions League rights

"EPSN-Star Sports secured the ten-year commercial rights for broadcasting the Champions League T20 for US$900 million. The deal gives the network the global commercial rights for every Champions League match from this year’s inaugural event in December until 2017."

Sachin, Dhoni in ODI Team of the Year

"India’s captain for shorter version of the game Mahendra Singh Dhoni and Sachin Tendulkar are in the International Cricket Council’s (ICC) One-Day International World side captained by Australian Ricky Ponting for the second year running. The team was announced on...

MS Dhoni is ODI Player of the Year

"India’s one-day captain, Mahendra Singh Dhoni, has won the ODI Player of the Year award at the ICC Awards ceremony in Dubai. Dhoni beat off tough competition from his India team-mate, Sachin Tendulkar, Australia’s fast bowler Nathan Bracken and Pakistan stalwart,...