Locals spend lavishly thanks to windfall from IPOs Essay

Locals spend lavishly thanks to manna from heaven from IPOs - Essay ExampleI took a Karwa taxi to the Industrial Area from the Old Airport neighbourhood on Friday evening and I paid QR30 as one-way f atomic number 18 It is too much, he give tongue to. blush a Qatari national, Yahya Abdul Rahman, felt the sheep were costlier this Eid. He blamed house rents as the single perpetrator for the locomote cost of living and said he had let out four houses to expatriate inhabit families and raised rents only marginally. I have concern for them, he said of his tenants.The article mainly talks nearly how locals in Doha, Qatar enjoy bounteous lifestyles as opposed to foreign expatriates. Expatriates are people who are temporarily living in some other country, the culture of which different from the one they are from. The locals and the expatriates economic and financial differences are highlighted during the Eid al-Adha or Feast of Sacrifice, the nigh important feast of the Muslim. The feast is celebrated by sacrificing domestic animals, peculiarly sheep. The article narrates how it is easy for an reasonable Qatari to purchase a fair number of sheep, while the foreigners throw together to buy even on the nose one.The local Qataris can manage to be extravagant because of the palmy buy in market especially initial public offerings (IPO... He blamed house rents as the single culprit for the rising cost of living and said he had let out four houses to expatriate tenant families and raised rents only marginally. I have concern for them, he said of his tenants. Landlords are greedy, he said of property owners, his fellow countrymen. Rising inflation is not good for all of us.Section Local tidingsAccessed 1/9/2006 from http//www.thepeninsulaqatar.com1.2 CommentaryThe article mainly talks about how locals in Doha, Qatar enjoy affluent lifestyles as opposed to foreign expatriates. Expatriates are people who are temporarily living in another country, the culture of w hich different from the one they are from. The locals and the expatriates economic and financial differences are highlighted during the Eid al-Adha or Feast of Sacrifice, the most important feast of the Muslim. The feast is celebrated by sacrificing domestic animals, particularly sheep. The article narrates how it is easy for an average Qatari to purchase a fair number of sheep, while the foreigners struggle to buy even just one. The local Qataris can manage to be extravagant because of the booming stock market especially initial public offerings (IPOs). IPOs are the first sale of stock offered by a private company to the public, stocks universe the element of ownership in a corporation. IPOs can only be offered once, many people bow advantage of the opportunity. It is typical for the value of IPOs to rise on debut. However, many fall below the offering prices in the beginning the year ends. Because of this investing in IPOs are risky, as with all other investments. But even with the booming shares in the Doha Securities Market (up to 98% in 2005), economists raise concern that it might