So as to summarize the happenings on these areas so far,
The Chinese yuan has been revaluated ,thats up 2.1 pc against the USD .Good for the Yuan but not so good news for the middle east currencies that are pegged against the dollar!We are going to find our weekly grocery bills shoot up in sometime,it should not be a surprise considering a country like UAE where 80 pc of the goods are imported.Much the same would happen to the OMR,SAR ,QRD and BHD.
So my nation and favorite market has signed the prestigious N-deal.I wonder how things will be in the future.What reactions would come across for the several tests done and so on.Also very hazy about what the rising foreign reserves are going to serve by year 2010.Ofcourse credibility and all but stocking up about $662 million,is that such a good idea moving forward?!
Etisalat have signed the MoU with Sudan's Unity.The farsight of this company has been excellent so far.Spreading investments through out this region since their monopoly is to be attacked in the near future.Thanks to the IMF meeting,one of the conclusions was to bring competition to Telecom services here.Can't wait for that!
Rumors spread that Danone,a french food company,is to be bought by PepsiCo.This worked wonders in the stocks,they were up almost 20 pc!and yesterday PepsiCo have denied such investment decision.
Have you noticed how the Euro has been dipping the entire year?There has not been a single contributing month.It just seems to be the worst currency to hold right now!The Europeans are disappointed.We have to just wait and watch if there would some luck post summer.
I am thinking very seriously about applying for a local passport.Thinking of giving it a shot.We have it on the papers that in sometime expats over 20 yrs are allowed to apply.But the report is pretty vague.Am serious about it.Why not make some investments here too and take out such benefits!
More later...
The Chinese yuan has been revaluated ,thats up 2.1 pc against the USD .Good for the Yuan but not so good news for the middle east currencies that are pegged against the dollar!We are going to find our weekly grocery bills shoot up in sometime,it should not be a surprise considering a country like UAE where 80 pc of the goods are imported.Much the same would happen to the OMR,SAR ,QRD and BHD.
So my nation and favorite market has signed the prestigious N-deal.I wonder how things will be in the future.What reactions would come across for the several tests done and so on.Also very hazy about what the rising foreign reserves are going to serve by year 2010.Ofcourse credibility and all but stocking up about $662 million,is that such a good idea moving forward?!
Etisalat have signed the MoU with Sudan's Unity.The farsight of this company has been excellent so far.Spreading investments through out this region since their monopoly is to be attacked in the near future.Thanks to the IMF meeting,one of the conclusions was to bring competition to Telecom services here.Can't wait for that!
Rumors spread that Danone,a french food company,is to be bought by PepsiCo.This worked wonders in the stocks,they were up almost 20 pc!and yesterday PepsiCo have denied such investment decision.
Have you noticed how the Euro has been dipping the entire year?There has not been a single contributing month.It just seems to be the worst currency to hold right now!The Europeans are disappointed.We have to just wait and watch if there would some luck post summer.
I am thinking very seriously about applying for a local passport.Thinking of giving it a shot.We have it on the papers that in sometime expats over 20 yrs are allowed to apply.But the report is pretty vague.Am serious about it.Why not make some investments here too and take out such benefits!
More later...
Comments
speaking of Danon - they make yoghurt here! :)