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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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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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”

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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”

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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?”

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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?”

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