Commodities
The 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 2017Prince Mohammed bin Salman, a 32-year-old son of King Salman, is a very ambitious young man. But at the same time, he’s also a very dangerous young man. His 81-year-old father desperately needs to abdicate the throne, rumoured to be in the next couple of months. The king can’t die without first officially handing over […]
... written on Nov 08 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 2017Russia’s Finance Minister Anton Siluanov has revealed that after the global crude oil meltdown, Kremlin is ready for reality. As one of the world’s largest producers of crude oil, Russia was badly hit when the oil prices plunged in 2014. Russian ruble lost more than 120% against the American dollar in July 2014 alone. And […]
... written on Oct 16 2017United States can get most of what it wanted, including intimidating and bullying anyone in the world, partly because of its almighty U.S. dollar. It’s a known fact that the U.S. is broke. America is the world’s biggest debtor nation – owing more than US$20.37 trillion – and climbing. Whenever they run out of money, […]
... written on Oct 12 2017Soon, the jokes about Saudi Arabia being the only country on planet Earth where women were forbidden from getting behind the wheel of a car will be a thing of the past. For as long as one can remember, women in the kingdom have been discriminated and oppressed by the Saudi government and treated like […]
... written on Sep 27 2017Something is terribly wrong with the way economic sanctions are being slapped on North Korea. When it comes to dealing with North Korea’s nuclear weapons program, international community especially the United Nations and the United States hope sanctions are a useful tool to bring Kim Jong-un to his knees. However, the reverse is true and now the world is […]
... written on Sep 19 2017After launching MRT (Mass Rapid Transit) and bragged that the train system was a gift to the people of Malaysia, as if he paid the RM50 billion project from his own pocket and people could use it for free, Prime Minister Najib Razak launched another mega project – RM55 billion ECRL (East Coast Rail Link) […]
... written on Aug 11 2017China’s highly secretive 19th National Congress has begun. The Middle Kingdom might be a one-party system ruled by the Chinese Communist Party. But that doesn’t mean there isn’t any political power struggle within the powerful Chinese party. Nobody knows for sure who gets promoted and who doesn’t. The process of leadership change in China is […]
... written on Aug 04 2017
