Tom and Bill met daily during their lunch break at a nearby café. One day, Tom took out a colorful plastic key chain from his pocket and showed it to Bill, explaining that he had just purchased it at the flea market for $ 2. Bill was instantly taken by its beauty and insisted on Continue reading “The Crypto “Key Chain” – Eureka, Easy Wealth!”
Category: Economics & Business
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”
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”
Want Privatization? Go To Brazil!
Kuwait government has one main revenue source: “oil”, and the population has one main source of revenue: “government salaries and projects”. Therefore, trying to increase government revenues by imposing taxes and raising rates, is a viscous circle and an exercise in futility. It Continue reading “Want Privatization? Go To Brazil!”
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!”
Venezuelan Collapse? Wishful Thinking?
The oil and business press is abuzz with predictions of an imminent Venezuelan financial collapse, as a prelude to its political implosion, which should oust President Maduro and erase the Hugo Chaves ambitious experiment. Continue reading “Venezuelan Collapse? Wishful Thinking?”
The Gulf Oil Economies Dilemma
If you wish to buy a television set, and your country doesn’t manufacture TV’s, you need to first find the currency of the manufacturing country. The TV manufacturer wants to be paid in his currency with which he incurred his production costs, and his profit will be spent on his living expenses. The only way you can get his currency is if Continue reading “The Gulf Oil Economies Dilemma”
Inflation in Kuwait and the Gulf
One economic opinion argues that rising oil prices do not cause consumer price inflation in the short to medium term. Its reasons that consumers’ incomes are fixed in the short term and, as such, are distributed (spent) among a variety (basket) of goods and services. Continue reading “Inflation in Kuwait and the Gulf”
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?”
Selling the Family Heirlooms?
It Seems the oil producing countries are beginning to sweat. It finally dawned upon them that their oil revenues are in trouble, and turbulent, if not perilous, financial times are ahead. Continue reading “Selling the Family Heirlooms?”