Is Gold Price Changing Direction?

As everything else, gold price is determined by supply and demand. However, it is also affected by the US Dollar exchange rate, because it is priced/Quoted in Dollars. If the Dollar rises in the forex market, gold prices tend to drop and vice versa. (Oil prices are similarly affected). Continue reading “Is Gold Price Changing Direction?”

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Robots to Handle and Reconcile Payments and Receivables

COMMENTS: Citi Bank is launching an artificial intelligence automated robotic service that will receive payments and reconcile them with invoices. This is part of Citi’s US$ 8.5 Billion payment and receipt handling service that it provides to its clients all over Continue reading “Robots to Handle and Reconcile Payments and Receivables”

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More on: M&A’s in the Middle East and the UAE

COMMENTS:  Another report on M&A’s in the Middle East (seems to exclude North Africa). It indicates that M&A activity surged 62% in the first half of 2018 reaching US$ 25.4 Billion, of which the UAE’s share was 65% (UAE Inbound M&A’s totaled 34 deals valued at US$ 6.6Bill). Continue reading “More on: M&A’s in the Middle East and the UAE”

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Is Turkey in Line for US Sanctions?

COMMENTS: The US/Turkish relations have not been rosy for a while now. They have been souring (at least visibly) since the failed coup against President Erdogan a couple of years ago, which Turkey insinuated was supported clandestinely by the US through the Fethulla opposition organization. Continue reading “Is Turkey in Line for US Sanctions?”

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A Delicate Period for the Saudi Economy

COMMENTS:   A wide mix of ingredients are cooking in the Saudi economic pot. The final dish is Vision 2030, a thriving Saudi economy not totally dependent on oil.
But because 2030 is only 12 years away, turbo speed is required in the transformation process and this may necessitate adding a Continue reading “A Delicate Period for the Saudi Economy”

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Pessimism or Optimism?

Optimism begets peace of mind, tranquility and possibly happiness, while pessimism begets worry, gloom and anxiety. Does this mean that we should ignore negative outlooks and only listen to those that are positive and optimistic? Maybe, but that would expose us to the vagaries of the negative events – if they occur – without being prepared for them. Continue reading “Pessimism or Optimism?”

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