Thursday, September 17, 2015

Al Ahli Holding acquires social media company

The 600% jump in dollar loans that shows Saudi riyal aversion

Dubai Hotel Performance - Aug'15

Dubai is seeing a rise in hotel room supply, which has lowered average room rates. In August, average daily rates dropped 12.5 per cent year-on-year to Dh587.50, according to data from research firm STR Global. This, coupled with a 1.7 per cent decline in occupancy to 74.2 per cent, led revenue per available room to drop 13.9 per cent to Dh435.60.

Source: Reuters

Saturday, August 29, 2015

Global USD credit

McCauley, McGuire and Sushko (2015) estimate that the outstanding USD-denominated debt of non-banks located outside the United States stood at $9.2 trillion at the end of September 2014, having grown from $6 trillion at the beginning of 2010