• search in Khaleej Times
close button

Mon, Nov 17, 2025 | Jumada al-Awwal 27, 1447 | Fajr 05:17 | DXB clear.png25.1°C

The Long Haul

What people say

Published: Sun 17 Feb 2008, 9:14 AM

Updated: Sun 5 Apr 2015, 12:22 PM

  • By:
  • Professor Tom Lambert Frsa

Top Stories

UAE National Day: Private sector to get long weekend after paid holidays announced

UAE National Day: Private sector to get long weekend after paid holidays announced

5-day paid holiday for Sharjah government employees for 54th Eid Al Etihad

5-day paid holiday for Sharjah government employees for 54th Eid Al Etihad

Saudi bus crash: Rs500,000 compensation for victims' families; 45 killed, primary reports say

Saudi bus crash: Rs500,000 compensation for victims' families; 45 killed, primary reports say

  • Those that have cash will continue to require it to work for them. There will be continued and growing investment in securities, bank deposits, assets and equities. Where the markets are concerned the balance of wealth may shift, equity prices may vary - wildly at times - but in total the markets will grow.
  • China and India may pursue trading dominance at a different pace, but they and other emerging markets will continue to flourish.
  • The pace of growth in emerging markets will be largely maintained over the economic cycle.
  • With the continued fall of the dollar the sluggish Eurozone will take on new life and the Euro will continue to rise in relative value becoming a major reserve currency.
  • The oil-rich countries of the Middle East will increasingly develop as financial hubs to challenge the traditional dominance of the USA and Europe.