Finance and Economy
About 200 Saudi princes, ministers, senior military officers and wealthy businessmen are still being held in 5-star prison Ritz-Carlton in Riyadh. But soon, they could walk out free again, despite allegations of corruption and money laundering. The fact that they weren’t officially charged till today suggests that the Saudi government wasn’t interested in their despicable crimes […]
... written on Nov 17 2017U.S. stocks closed lower Wednesday – both Dow and S&P 500 – suffered their biggest one-day percentage drops since September. The Dow fell 138.19 points while the S&P 500 lost 14.25 points. That wasn’t too bad considering both plunges were less than 1%. But the issue here is they crashed primarily due to a sudden […]
... written on Nov 16 2017China might be an economic superpower so wealthy that even U.S. President Donald Trump had to behave during his visit to the Middle Kingdom. It was said that the notorious Kim Jong-un was kept in silent not because he was terrified that North Korea was surrounded by U.S. warships, but rather because China told the […]
... written on Nov 15 2017Trump was at the centre of attraction at the 2017 Asean Summit in Manila, Philippines. But the superstar was none other than the host President Rodrigo “Rody” Roa Duterte. The Filipino leader gets to rub shoulders with the world’s most powerful man, despite breaking every possible law concerning human rights, something cherished by the U.S., […]
... written on Nov 14 2017Majority of Americans don’t like their own president. But the Arabs love the U.S. president. And the Chinese love Donald Trump even more. After his visit to Saudi Arabia, Japan and South Korea, Beijing has found the formula of chemistry to charm President Donald Trump before he steps on his foot in China, the third […]
... written on Nov 10 2017The Saudi government is aiming to confiscate cash and other assets worth as much as US$800 billion (£610 billion; RM3.38 trillion) in its massive crackdown on alleged corruption and money laundering among the kingdom’s elite – reported Wall Street Journal. Prince Alwaleed bin Talal, easily the richest among a busload of princes detained, worth close […]
... written on Nov 09 2017Donald Trump kicked off his 12-day tour of Asia in what appears to be the longest trip to the region by an American president since 1991 – when George H.W. Bush was in charge of the Oval Office. Flying from Hawaii, his first stop is Japan, before visiting South Korea, China, Vietnam and the Philippines. […]
... written on Nov 07 2017All Arab princes and princesses are either corrupt or involve in some sort of indecent activities or both – the saying goes. They love to fly out of their kingdom to America or Europe so that they could freely indulge in alcohol, drugs and prostitutes. Sex and liquors are their best friends. There was even […]
... written on Nov 06 2017Reform is something very alien to Saudi Arabia. After all, until June 2018, this kingdom is still the only country in the world that does not allow its women to drive. But Crown Prince Mohammed bin Salman, a 32-year-old son of King Salman, has promised that the Kingdom of Saudi Arabia will reform. The young […]
... written on Nov 02 2017OPEC, led by Saudi Arabia, and non-OPEC partners, led by Russia, is playing a simple but risky game. They try to game the world crude oil prices by controlling how many barrels of oil the world can get. They have agreed to take 1.8-million bpd (barrel per day) of oil off the market by cutting […]
... written on Oct 30 2017