Fair-weather friends’ flock back to resurgent Congress

Politicians who distanced themselves from India's Congress party before its stunning election victory are rushing back with almost indecent haste in the hope of being embraced by the new government. The Congress-led United Progressive Alliance (UPA) grabbed 262 seats in the month-long polls, leaving it just 10 short of an absolute majority. The Congress alone won 206 seats -- its best...

The Asian Tour needs to adopt all for One attitude

100k Factory Revolution Method To Adobt All For One Attitude I met one of our readers this week who said he quite enjoyed reading last week's column on how the new OneAsia Tour is dividing Asia. He then asked if I thought there was any possible solution to the entire stand-off 100k factory revolution review. I promised I will try to...

Now is not the time to bail out on world banks

Dear Tim, I see that banks like Citigroup are now performing better. Therefore, I was wondering if it was safe to leave our money in their hands again. –Reg Reg, the banks, particularly the larger international ones that have benefitted from federal bailouts or similar direct government intervention appear to be performing better. Since you refer to Citigroup, indeed...

Business 24 – How To Win in a Downturn?

Every cloud has a silver lining. They say that while the recession ruins some people it also provides opportunities for others. And according to experts this is the best time to set up a new business. Intrigued by this unusual take on the recession, Emirates Business 24 spoke to Waqar Mirza, Director and Partner, KF1 Management Consultants, to find out...

Indian travel companies focus on Middle East

Indian destination management companies and state tourism boards are showcasing their products at the Arabian Travel Market (ATM) to generate business from the Middle East, industry executives said. EM Najeeb, Chairman, ATE Group, a leading destination management company in India, told Emirates Business: "Since traditional source markets in Europe have dried up, we have refocused our marketing to the Middle...

Lauritzen to get ¥15.5bn loan to buy six ships

Mitsubishi UFJ Financial Group, Japan's biggest bank by market value, and France's Société Générale will lend ¥15.5 billion (Dh624.4m) to Danish shipper J Lauritzen to buy six ships made in Japan. "We will make the first order on this facility granted by Société Générale and Bank of Tokyo-Mitsubishi tomorrow," said Birgit Aagaard-Svendsen, said Chief Financial Officer of Copenhagen-based J Lauritzen....

Dubai’s Spanish Standoff Over Colonial

Investment Corporation of Dubai (ICD) has allowed the time limit to pass on its planned deal to buy Spanish property group Immobiliaria Colonial – but this, I suspect, is a tactical manoeuvre to show Dubai will not overpay for assets in this distressed market, especially when they come encumbered with equally distressed debt. In short, ICD is saying it has as...

SWFs: what’s all the fuss about a name?

Sovereign wealth funds (SWFs) are no more than government investors in developing markets who have been targeted by the West for years, renamed. Even for a seasoned Gulf financier like myself, the term “sovereign wealth fund” is a relatively new one. For the seven years I have worked for international investment businesses seeking to raise assets here, myself and my...

P&O debacle was a blessing in disguise

100K Factory Revolution - What Are The New Features? You can’t always get what you want, they say, but sometimes you get what you need. That thought – I think it was those ageing rockers The Rolling Stones who coined the phrase – came to me as I read through the DP World results for the financial year 2007. Note, this...

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