Saudi Arabia

This tag is associated with 156 posts

World War 3 Could Very Easily Turn Into The Very First Nuclear War In The Middle East

By Michael Snyder Saudi Arabia already has nukes, Iran probably does, and the Russians are one of the two great nuclear powers on the entire planet.  So if Saudi Arabia, Turkey and their Sunni allies do decide to conduct a full-blown ground invasion of Syria, could someone ultimately decide to use nuclear weapons when their … Continue reading

Emerging Markets Feeling The Heat From S&P

Emerging market economies are feeling the sting amid an oil price crisis and a slowdown in global growth which is battering economies, markets, and companies; alongside political risk these factors are eroding creditworthiness, which has lead to a spate of downgrades from ratings firm Standard & Poor’s (S&P). S&P has been the first ratings firm to downgrade sovereign debt from Saudi Arabia to Poland so far this year. On February 17, … Continue reading

Wishful Thinking: Ecuador’s President Rafael Correa Thinks $200 Oil On The Horizon

$200 per barrel oil ! WTF? Are you on drugs? Are you crazy? — All common responses to such a statement during this current time of crisis and turmoil. Well, one such person actually believes oil is set to surge to such a level… Ecuador’s President Rafael Correa. The President of Ecuador believes that $200 oil may be on the horizon. Correa … Continue reading

The New Global Financial Cold War

Suppose a country owes money to another nation’s government or official agency. How can creditors collect, unless there’s an international court and an enforcement system? The IMF and the World Bank were part of that enforcement system and now they’re saying: ‘We’re not going to be part of that anymore. We’re only working for the … Continue reading

Saudi-Russian Deal Not A Quick Fix For The Oil Crisis

By Ante Batovic The recent deal struck between Russia, Saudi Arabia, Qatar and Venezuela to prop up oil prices by freezing production levels at January levels might have a psychological effect on oil markets, but it will not secure a major breakthrough from the current deadlock. Oil exporters such as Venezuela and Nigeria have been … Continue reading

21 New Numbers That Show That The Global Economy Is Absolutely Imploding

By Michael Snyder After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment.  But that does not mean that the crisis is over.  On the contrary, all of the hard economic … Continue reading

Saudi Arabia And Russia To Freeze Oil Production At January Levels

“Saudi Arabia and Russia agreed to freeze oil output at near-record levels, the first coordinated move by the world’s two largest producers to counter a slump that has pummeled economies, markets and companies,” Bloomberg reports. The deal: is preliminary, doesn’t include Iran, includes Qatar and Venezuela, is to fix production at January levels. Saudi Arabia said … Continue reading

World War III Approaches: Saudi Arabia And Turkey Drop Hints That An Invasion Of Syria Is Imminent

By Michael Snyder As you read this article, Turkish forces are massing along the border with Syria, and the largest “military exercises” in the history of the Middle East are being held in northern Saudi Arabia.  The Saudis are publicly warning that Syrian President Bashar al-Assad “will be removed by force” if a political solution … Continue reading

World War 3 Could Start This Month: 350,000 Soldiers In Saudi Arabia Stand Ready To Invade Syria

By Michael Snyder 350,000 soldiers, 20,000 tanks, 2,450 warplanes and 460 military helicopters are massing in northern Saudi Arabia for a military exercise that is being called “Northern Thunder”.  According to the official announcement, forces are being contributed by Saudi Arabia, the United Arab Emirates, Egypt, Jordan, Bahrain, Sudan, Kuwait, Morocco, Pakistan, Tunisia, Oman, Qatar, Malaysia … Continue reading

Saudi Arabia Could Miss Out On MSCI Emerging Market Inclusion

By James Eugene Saudi Arabia’s acting chief executive has admitted that there is no certainty that the oil-rich nation could join the international index compiler’s emerging market index in 2017. Last year, it was heavily suggested that Saudi Arabia was looking at joining MSCI’s emerging markets list, with the potential of increasing inflows into the country’s bourse. But … Continue reading

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