In our previous article (Crisis of Capitalism? Two Missing “Black Swan” Events), we envisioned that the combined weak western and global economies coupled with the Coronavirus COVID-19 pandemic and, then crowned by the Saudi/Russian/UAE flooding of the oil market to crash prices and drive out the US Shale oil producers, could devastate the US and global economies. We Continue reading “Did OPEC Bite Off More Than It Can Chew?”
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”
DAILY BASKET – NEWS COMMENTARY
Saudi Banks And Companies Sued In American Courts For Terrorism
MARSAL COMMENTS: First, specially designed US legal weapons (The Alien Tort Statute & JASTA) were created and lined up. Now, they have begun their barrage. First the venerable “Arab Bank of Jordan, and now a batch of Saudi Banks and companies are being sued for “aiding and abetting” terrorism. Continue reading “Saudi Banks And Companies Sued In American Courts For Terrorism”
JASTA and the Arab Wealth
The US Congress issued JASTA, a law that allows individuals to sue foreign sovereign states in American courts for assisting and abetting terror activities on American soil. President Obama vetoed this law, but Congress re-passed it with an overwhelming majority, thus overriding the veto and confirming it as law.
This law appeared to be directed in particular against Saudi Arabia, because of its alleged involvement in the 9/11 New York tragedy, despite the absence of evidence. However, it also impacted the whole world, by Continue reading “JASTA and the Arab Wealth”