Lebanon’s booming real-estate market is based on solid foundations and isn’t a bubble, said Mounir Douaidy , general manager of Solidere SAL , the largest publicly traded company in Lebanon.
After five years living in Dubai, Akanksha Goel and her husband decided to buy a property instead of paying $68,000 a year to rent their three-bedroom house.
The Philippine peso headed for its biggest weekly decline in more than a month as an improving U.S. economy bolstered the case for a reduction in Federal Reserve stimulus. Five-year bond yields fell to a two-month low.
United Arab Emirates interbank rates fell to an almost seven-month low after borrowing became cheaper for lenders as the Dubai World debt restructuring progresses.
"A deficit for one or two years is not a big concern after running surpluses for many years."
- Marios Maratheftis on Dec 01, 2014
Maratheftis Says Mideast Needs Time (Audio)