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Dubai: More Bubble or More Boom? Time Will Quickly Tell
Dubai has plenty of qualities that catch an investor’s eye.
-The emirate has the world’s only (self-proclaimed) 7-star hotel.
-Dubai also is home to the biggest financial market in the Middle East, which is itself publicly quoted and trades at 25 times forecast 2008 earnings.
-It has been enjoying one of the greatest construction booms the world has ever seen.
-And Dubai is planning a huge tourist expansion, aiming to boost that sector to more than the 18% of the economy it already accounts for.
So, why aren’t Dubai investments a screaming buy, where we should all be investing our money? After all, plenty…
23Jul2008 | Money Morning | Comments Off | ContinuedThree Ways to Profit From the Biggest Airport on Earth
Oil and jet-fuel prices are in the stratosphere, many of the world’s top airlines have ordered severe cutbacks, and passenger traffic is falling, so why is Dubai funneling 82 billion of its petrodollars into an aerospace project that includes plans for the world’s largest airport?
The answer is simple. Dubai isn’t concerned about the near-term turbulence that has sent global investors diving for cover and induced airline-industry executives to hanger portions of their jetliner fleets. The leaders of that Middle Eastern country have taken a long and studious look at the powerful global trends that are destined to play out over…
27Jun2008 | Money Morning | Comments Off | Continued
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