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: 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: 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”
DAILY BASKET – NEWS COMMENTARY
China’s Balancing Act
MARSAL COMMENTS: Saudi Arabia’s King has signed US$ 65 Bill of joint projects with China during his visit. Saudi is already the biggest or second biggest supplier of oil to China and it has many investments and joint Continue reading “China’s Balancing Act”
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”
OIL PRICE PLAYING ON A SEE-SAW – IGNORING INVESTMENT IN OIL
There is now a consensus that the 20% oil price rally in August wasn’t sustainable. It was a purely technical issue with the short sellers scrambling to cover their positions. The fundamentals of oil supply and demand remain imbalanced and could remain so until the end of 2016 or probably well into 2017.
Of course, an agreement between the major oil producers to freeze production, will put an immediate stop to this lose-lose situation and raise prices to levels more acceptable to the deficit laden producers. The OPEC September meeting is scheduled, theoretically, to do that, and the Saudi oil minister has alluded as much. Continue reading “OIL PRICE PLAYING ON A SEE-SAW – IGNORING INVESTMENT IN OIL”
THE EBB AND FLOW OF POLITICS !
Conditions, circumstances and opportunities are continuously changing, and accordingly, political positions change.
For five years, Turkey was dead against Assad of Syria. In fact, it took the leading role in inflaming the Syrian, so-called, civil war and was the vanguard in calling and working for Syria’s Assad ouster.
Then a series of events took place. Turkey got carried away and shot a Russian fighter jet, Crippling Russian economic sanctions were placed on Turkey, the long established Turkish Kurdish ceasefire collapsed and a mini Turkish civil war commenced, the Turkish tourist industry all but collapsed, the Syrian army pulled back from the brink of defeat with Russian air power intervention, the EU reneged on all its promises to Turkey, The USA became uneasy about Turkish policies and made it obvious by supporting the Syrian Kurds to probably create their own state in northern Syria, ISIS began targeting Turkish cities, Turkey became isolated geopolitically and then, came the attempted Turkish military coup to oust the president, which was rumored to have been instigated and/or blessed by the American CIA. The last event was the “straw that broke the camel’s back” causing Turkey to change its policies dramatically. Continue reading “THE EBB AND FLOW OF POLITICS”
DAILY BASKET OF COMMENTARIES
RUSSIAN BOMBERS BASED IN IRAN!
Wow, So many birds with one stone. Is this a game changer in the Middle East?
It was reported yesterday (Tue Aug 16, 2016) that long range Russian bombers flew out of an Iranian military airfield to bomb targets in Aleppo, Syria. This is the first time in over thirty years that a foreign a military presence is seen in Iran. And a first for the Russian military in Iran. What does this mean?
The Syrian regime: especially as far as the battle of Aleppo is concerned. It gives Russian bombers better logistics and efficacy (Shorter flight time and, hence, more strikes per plane). Continue reading “RUSSIAN BOMBERS BASED IN IRAN!”