As the US second and tougher sanctions on Iran approach (Nov 4th), many countries have begun to reduce their purchases of Iranian oil and its exports have already dropped one million barrels a day (from a high of 2.7 Million bpd to 1.7 Mill bpd in August 2018). Continue reading “OPEC’s Current Dilemma”
Qatar Gas and the US/China Trade War
– As the trade war skirmishes between the US and China increase in intensity, China is actively shoring up its defenses. Continue reading “Qatar Gas and the US/China Trade War”
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?”
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”
COMMENTS: Another report on M&A’s in the Middle East (seems to exclude North Africa). It indicates that M&A activity surged 62% in the first half of 2018 reaching US$ 25.4 Billion, of which the UAE’s share was 65% (UAE Inbound M&A’s totaled 34 deals valued at US$ 6.6Bill). Continue reading “More on: M&A’s in the Middle East and the UAE”
COMMENTS: Officially, India does not recognize the US sanctions on Iran and had announced that it will continue buying Iranian oil.
But, unofficially, the long arm of the US extends to the financial Continue reading “India’s Oil Supply Dilemma”
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?”
Article in Arabic only
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”
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?”