In the wake of the global financial crisis, many company directors are being sued by aggrieved shareholders or other parties. In the United States alone, insurance claims submitted related to subprime security claims are estimated to cost insurers at least $9 billion and rising.
Market research surveys are an effective and economical tool and strategy to not only gather information, but also to establish and maintain a relationship with your customers and your market at large. The survey cycle graphic summarises the steps in a wellmanaged survey process. Let’s consider some of them in more detail.
Gold was one of the first metals that was coveted and used by humankind. Gold also played a key role in the development of many currency systems. The precious metal was discovered by Egyptian workers under a fireplace as early as 4 BC and was used as a means of payment in the time of Alexander the Great. It was the ancient Greeks, however, who used gold in the shape of coins as money.
The FX market has become the world’s largest financial market, and it is not uncommon to see more than $3 trillion traded each day. By contrast, the NYSE − the world’s largest equity market with daily trading volumes in the $60 billion to $80 billion dollar range − is positively dwarfed when compared to the FX market. Even when combining the US bond and equity markets, total daily volumes still do not come close to the values traded on the currency market.
At the moment, investors are either aggressively adding foreign currency to their investment portfolios or migrating completely from the stock and property markets, which have yet to recover completely from recession.
On June 1, a new federal decree on multiple visas for expatriate property owners came into effect. The new ruling does not give property owners the right to work in the UAE, but it standardises the rules across all emirates and provides greater clarity on the visa status of expat homeowners.
To be eligible for a six-month multiple-entry
visa, the development of the property must have been completed and the
owner must earn at least 10,000 dirhams or foreign currency equivalent
per month and must have first obtained the title of the property from
the registration authority.
Realigning processes and roles to fit a new organisational reality is daily work for leaders. Planning and implementing changes is a fundamental set of skills at which all leaders must excel to ensure that their teams and functions are set up to do great work.
Jeddah has recently launched its vision to guide the growth of the city over the next 20 years. This vision includes ambitious plans for the regeneration of older areas of the city and major new investment in its urban infrastructure. Jeddah scored relatively poorly in our recent MENA Investor Sentiment Survey, with investors ranking the city below others in the region on a range of criteria including infrastructure, environmental / sustainability and real estate market transparency. However, this consensus may be lagging behind events on the ground in Jeddah. As our City Profile reveals, Jeddah is implementing a number of major regeneration initiatives and is aggressively investing to upgrade its urban infrastructure.
At the first of several Academy Awards ceremonies held in Hollywood this year, the Associated Press reported that it wasn’t the host, actress Jessica Biel, who attracted the most attention. Instead, it was an understated, bespectacled computer engineer named Ed Catmull. When it was announced that Catmull would receive an Oscar for his lifetime of work in computer animation, the crowd went wild, whistling and whooping. And rightly so. The impact Catmull and his collaborators have had on Hollywood may last for decades to come.
We've been writing quite a bit about the onrushing wave of fundamental change that is sweeping over the old industrial order of our world. We believe that what is occurring − what has everyone's thoughts and fears all twisted up − is more than a routine swing in the "business cycle." No less an expert than Jeff Immelt, CEO of General Electric, has said it: "Someone hit the reset button." We've expanded on that by suggesting that a "restructuring" of many industries is coming.
Men’s accessories maker Duchamp is a very British brand with its sights set on the Middle East. Its products have been available at regional retailers, but Duchamp opened a stand-alone store in the Dubai Mall in November, and the brand has also just opened a new store at Deira City Centre Mall.
Q&A With Nizam Hamid, Managing Director and Head of Sales, iShares – Europe Barclays Global Investors.
Although they are relative newcomers on the investment scene, exchange traded funds (ETFs) are gaining popularity with investors due to their combination of key features of traditional mutual funds and individual stocks. ETFs are open-ended funds which, like index mutual funds, represent portfolios of securities that track specific indexes, and they share index funds’ diversification properties, low expense ratios and tax efficiency. However, ETFs trade like stocks and can be bought and sold on an exchange, allowing use of limit orders, short selling and options, for example.