Kuwait Elections – Pessimism Versus Optimism
Wherever you look or listen, you only see or hear pessimistic comments about the Kuwaiti political condition, which in turn is, erroneously, used to explain the economic slowdown in the country. You hear this from intellectuals and professionals, as well as from the masses, who flood the social media with rumors, speculations, wrong information and, occasionally, half-truths that are explained to suit the author. Continue reading “Kuwait Elections – Pessimism Versus Optimism”
Gold price has dropped approx. 6% last week to around US$ 1,243 per ounce. Some analysts think that it may still drop another US$ 200 to as low as US$ 1,050 in 2017. These analysts believe that gold physical supply exceeds demand and will continue down until an equilibrium is achieved, and then upturn. Continue reading “Gold…Gold… Whereto?”
JASTA and the Arab Wealth
The US Congress issued JASTA, a law that allows individuals to sue foreign sovereign states in American courts for assisting and abetting terror activities on American soil. President Obama vetoed this law, but Congress re-passed it with an overwhelming majority, thus overriding the veto and confirming it as law.
This law appeared to be directed in particular against Saudi Arabia, because of its alleged involvement in the 9/11 New York tragedy, despite the absence of evidence. However, it also impacted the whole world, by Continue reading “JASTA and the Arab Wealth”