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”
Month: July 2018
Is there Enough Gold?
COMMENTS: As the world teeters economically as well as politically, many are predicting a major market and hence economic collapse, which could lead to wars. Gold is the age-old safe haven for dangerous times. Despite the Continue reading “Is there Enough Gold?”
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?”
Fintech and Blockchain in Saudi
COMMENTS: Saudi regulators have just issued the first two licenses for crowd funding services companies, and more are on the way.
In a nutshell, Crowd Funding is a growing novel form of Continue reading “Fintech and Blockchain in Saudi”
Bahrain’s Economic Woes
COMMENTS: Although it is the least wealthy among its Gulf sisters, Bahrain has been chugging along with a combination of its population resourcefulness, modest oil production, inflow of foreign direct investment and support from the GCC members. But things have slowed up and, for the first time in Continue reading “Bahrain’s Economic Woes”
Who Inherits the UK Financial Center?
COMMENTS: As Brexit sputters, stops and restarts, the potential heirs are vying for the largest share of the estate. Frankfurt was the first to dash into the arena to attract the financial and investment institutions, followed by Dublin and Luxembourg. Now, Paris has joined the fray and seems to have Continue reading “Who Inherits the UK Financial Center?”
Will Iran Sanctions Speed De-Dollarization?
COMMENTS: The insistence of the US to implement its harsh sanctions on Iran while at the same time implementing sanctions on Russia, China, North Korea, Venezuela, etc. And threatening the EU and the rest of the world, if they move a finger in Iran’s aid, might in the end turn cornered victims into roaring lions. Continue reading “Will Iran Sanctions Speed De-Dollarization?”
Egyptian Central Bank Helps SME’s
COMMENTS: The SME bank loans is a growing problem in Egypt. The Egyptian central bank has now addressed it via an initiative to forgive the accrued Continue reading “Egyptian Central Bank Helps SME’s”
Inflation in Egypt
COMMENTS: Inflation was expected in Egypt after the IMF induced austerity measures of 2016 that included floating the Egyptian pound, raising taxes and reduction subsidies. The June 2018 figures indicate that “urban consumer” inflation rose to 14.4% from 11.4% Continue reading “Inflation in Egypt”
Ronaldo is the reason for strike at Fiat Factories
COMMENTS: Fiat workers are livid that the owners of Fiat and the Italian Juventas football club are spending approx 88 million pounds sterling (approx. US$ 116 mill) to buy Ronaldo from Real Madrid Club. They plan to go on strike demanding that thecompany spend Continue reading “Ronaldo is the reason for strike at Fiat Factories”