Category: 2024

An interview Dad did with DubaiEye on November 11th.    

To paraphrase Simon Schama, history’s relationship to memory is rather like the of a sober daughter giving meaning to the recollection of her flighty mother. Somewhat similar sentiments can be echoed about November 6, which will be long remembered for the historical comeback of Donald

The near instant oversubscription of the LuLu Retail IPO came as little surprise to industry observers, given the groundswell of interest ever since its first intention to float announcement was made months ago. Given the price range, it will be interesting to see whether the

By now, the IPO story in the UAE writes itself. Full of breathless proclamations extolling virtues of each promoter. The analysts and the commentators line up to praise the offering. Unsurprisingly, it is oversubscribed and only when it starts trading do we get a scorecard

Lehman Brothers’ death did not cause the great recession of 2008. An extensive body of scholarly work has examined the choices made in an interconnected economy, and concluded that despite the fact that Lehman loved leverage, at heart was the fact that investors were simply

Rent controls, sometimes, have the perverse effect of making the problem of scarcity and affordability worse. The most recent example of this was seen in Argentina, where a series of stringent rental controls meant landlords preferred to keep their properties empty rather than rent them

At one end of the spectrum, we have seen China continue to struggle with its real estate industry, announcing a series of measures (including today’s) to lower borrowing costs and reducing down payments for second home purchases. This is with an eye on reviving prices

If there’s one lesson every investor had taken to heart up until 2007, it was this: buy as many assets with borrowed money as possible because asset prices always rise. Then, what happened in 2007 (as was the case in 1929) put an expensive pause

To look at the history of financial markets is to dissect data and uncover narratives that hold the power to astonish. The first is that market crashes prior to 1987 heralded the onset of economic conditions that were dire. However, 1987’s ‘Black Monday’ was the