-
Content Count
3,105 -
Joined
-
Last visited
-
Days Won
36
Content Type
Profiles
Forums
Calendar
Everything posted by Holac
-
We are stuck with this idiot for a while. This country’s future under trump is uncertain.
-
Haha. That is funny Cadnaan1
-
Dubai stocks dive to 27-month low on real estate woes Dubai Financial Market Index trades down 1.83% to below the 3,000-point psychological barrier Dubai stocks hit a 27-month low on Thursday on the back of sharp falls in the real estate market and a drop in liquidity levels. The Dubai Financial Market Index ended the day's trading down 1.83 percent on 2,947.99 points breaching the 3,000-point psychological barrier. The Dubai bourse, the most exposed to the global markets in the Gulf region, dropped 3.1 percent by the close of the Muslim trading week. The market has shed 12.5 percent since the start of the year as cash injections dropped sharply, with the main fall coming from the vital real estate sector. "Dubai market has underperformed its (Gulf Cooperation Council) GCC markets losing over 12 percent (YTD) dragged by the sell-off in Real Estate sector," MR Raghu, head of research at Kuwait Financial Center (Markaz) said. Most of the seven Gulf bourses have made good gains in 2018 due to a partial recovery in oil prices, with Saudi stocks rising 12 percent. "Fundamentally, the real estate prices have been falling and the market has been sluggish," Raghu told AFP. Dubai real estate witnessed a 46 percent fall in off-plan sales by value in the first quarter, and a 24 percent decline in previously owned resales, he said. The real estate sector is one of the main pillars for Dubai's highly diversified economy, which is not dependent on oil. The index of the real estate sector on Dubai bourse has shed around 18 percent since the start of the year with property giant and market leader Emaar dropping 22 percent. Damac Properties, a leading real estate developer, was down 26 percent and troubled Drake and Scull International shed 50 percent since January 1. A massive fall in liquidity levels and reports that international investors, an important component in the market, have moved to Saudi Arabia, are other causes for the downturn, analysts said. According to local economic reports, liquidity levels dropped a massive 35 percent in April alone
-
Mr. Martin getting more legitimate media exposure is not what Somaliland authorities wanted to see. Mr. Martin is milking it while the iron is hot. It is fascinating.
-
Can we have a decent discussions about infrastructure? I think that was Galbeedi's intention. Oodweyne, what is stopping Somaliland from building a vital bridge like this? We know it is not about the lack of money because in the Somali peninsula, the ruling elite illegally and unceremoniously rakes in millions of public money every year. What is the best way to energize the masses so that the government of Somaliland can take action to put an end to these kind of tragedies?
-
Oodweyne, China is a powerful country that any African country (shit-hole as Trump calls them) needs to have on its side. Ghuelleh did that right thing by selling a portion of his business to Ethiopia to lock and guarantee this giant client aka Ethiopia. But the question I have is, what does this mean for the Berbera deal? Why would Ethiopia use undeveloped Berbera, with all its troubles (Somalia's sovereignty, etc), when Djibouti with the right infrastructure (highways, world class ports, train system, closer distance, etc) is right there waiting to supply the massive Ethiopian market? Do you not think Ghuelleh's move is a blow to Berbera port?
-
If the UAE wants to give development money to Somaliland or Puntland or Jubaland, to help these governments economically and boost local security against terrorism, every Somali should support. What Kheyre and Farmaajo think or personally feel is irreverent. We Somalis need to be practical and start making sense. We don't have a Somali central government that is able to share national revenue with regional governments. Until that day arrives, every Dowlad-Goboleed should cover its budget gap with money it begs from outside friends. Particularly, I don't see a problem with the UAE continuing to train Puntland marine forces the same way it was doing for years. It is a great project. What we don't want, however, is for the UAE to take over our ports and profit from them without permission from the federal government. I also hope we don't ever get to a situation where the UAE is openly sabotaging active Somali development projects the same it is trying to kill the Pakistani port.
-
I think Gaas's reaction is understandable. Turkey has concentrated all its assistance in one city.
-
Buurmadoow must be released.
-
Cajiib.
-
Inshalah I will visit Djibouti after all these projects are completed. IOG must renovate downtown Djibouti to help tourism.
-
Well done boys. This is fantastic!!!!
-
Most Somalis know the Amharas are lowborn.
