If Emaar, and by extension the entire UAE stock market family, want to salvage their reputation, then they need to employ more corporate governance and transparency laws. If Emaar wants to carry the baton of blue chip firms, it has to start acting like one. Read more »
Break the Peg Before it Breaks Us
We in the GCC do most of our trade with Europe and Asia, and yet we insist on giving them a leg up by artificially pegging our currencies to the weak and declining dollar. So they get to buy more from us for less money, and we have to pay more to buy less. Does that sound fair? Read more »