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”

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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”

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China’s Strongest Weapon: The Yuan

COMMENTS: For the second time in two weeks, the Yuan (China’s currency) has dropped. However, this time it seemed to be an intentional central bank policy – or so claimed by the West. The Yuan dropped 0.73% on Continue reading “China’s Strongest Weapon: The Yuan”

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M&A in the Middle East on the Rise

COMMENTS: MENA money has been restructuring its portfolios to adapt to the changing economic in the region as well as turbulent and changing geopolitical actions worldwide. Merger and acquisition (M&A) activity continues to be robust and after a big decline in Continue reading “M&A in the Middle East on the Rise”

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Iraq Demonstrations Impact Oil Production

COMMENTS: The many years of external and internal conflict in Iraq has resulted in impoverishment of the masses. Now, Basrah, the center of southern oil production is in turmoil as riots are spreading demanding jobs in the oil producing sector. So far one demonstrator has been shot by Continue reading “Iraq Demonstrations Impact Oil Production”

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China Silk Road, coming to Oman

DAILY BASKET – NEWS COMMENTARY

China’s New Silk Road (OBOR) is kicking-in and beginning to appear everywhere in Asia, including the Greater Middle East Turkey, Iran and Pakistan). As for the Arabian countries of the Gulf, they are still shuffling Continue reading “China Silk Road, coming to Oman”

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Qatar Sells Most of its Shares in Russian Gas Company

DAILY BASKET – NEWS COMMENTARY

We had reviewed in April 10, 2017 the news that Qatar had begun to increase its investments in Russia. It had invested approx. US$ 2 Billion between 2014 and 2016. Another US$ 1 Billion in 25% of Russian Pulkova airport, and US$ 11 Billion for about 20% of Rosneft Oil Co., the largest oil Continue reading “Qatar Sells Most of its Shares in Russian Gas Company”

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OOPS… Oil Supply could increase 6 times!

MARSAL COMMENTS: Russian scientists have announced a new invention that increases oil well productivity and capacity by six times! They have invented a new “Fracking” method that increases shale oil production by 1.7 to 6 times, and in some Continue reading “OOPS… Oil Supply could increase 6 times!”

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Are European Banks too Risky?

DAILY BASKET – NEWS COMMENTARY

MARSAL COMMENTS: The European Union (EU) is discussing issuing a law that allows the immediate freezing of depositors’ money in banks that show weakness and sustain a run on them.  Continue reading “Are European Banks too Risky?”

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Volvo Switches to Electric Cars

DAILY BASKET – NEWS COMMENTARY

Volvo Switches to Electric Cars

MARSAL COMMENTS: As off 2019, Volvo will phase out petrol engines and produce electric cars. All the other big manufacturers are already in different stages of producing electric cars (pure or hybrid). Tesla, the US electric car manufacturer, will face serious and increasing competition from the big boys armed with economies of scale, marketing muscle power and deep pockets. Continue reading “Volvo Switches to Electric Cars”

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