Following Saudi Arabia’s opening of its near $600 billion stock market to direct foreign investment, Goldman Sachs — which advises clients on over $1 trillion in investment — has applied to own and trade Saudi Arabian stocks, Bloomberg reports, citing people familiar with the matter. Goldman is seeking a qualified foreign investor permit from the Capital Markets Authority of Saudi Arabia, according … Continue reading
By Pepe Escobar, Asia Times This is it. It is indeed historic. And diplomacy eventually wins. In terms of the New Great Game in Eurasia, and the ongoing tectonic shifts reorganizing Eurasia, this is huge: Iran — supported by Russia and China — has finally, successfully, called the long, winding 12-year-long Atlanticist bluff on its “nuclear … Continue reading
By Mahdi Darius Nazemroaya Tectonic geopolitical shifts are taking place in Eurasia. The Venetian merchant Marco Polo and the Moroccan scholar Ibn Battuta, both great travelers of their days, would be thoroughly impressed with the trade networks that are developing. The Eurasia of today is developing into a vast network of superhighways, railroad connections, mammoth ports, … Continue reading
Saudi Arabia has inked a commitment to invest up to $10 billion in Russia, the Russian Direct Investment Fund (RDIF) said on Monday. Russia’s RDIF and the Public Investment Fund (PIF) of Saudi Arabia agreed to create a partnership to invest $10 billion into projects in Russia, RDIF head Kirill Dmitriev told RIA Novosti. Russia’s latest deal with its … Continue reading
By Francis Wilson The ongoing debate over the fairness and transparency of state-owned enterprises (SOEs) in the Middle East intensified in March when three of America’s largest airlines entered the fray. In a 55 page white paper released to the public in April, American, Delta, and United attacked what they believed to be the unfair business … Continue reading
By Tanya Rawat Saudi Arabia has a solid economic track record and is taking steps to become more included in global financial markets. This includes the Morgan Stanley Capital International (MSCI) Emerging Markets Index, though the process is still in the early stages and some challenges remain. Saudi Arabia opened its markets to international investors on … Continue reading
By F. William Engdahl I want to share my impressions from a recent visit to St. Petersburg where I was invited to speak on a panel titled “Never Let a Good Crisis Go to Waste.” The title is another version of the old Chinese proverb, “A crisis also presents new opportunities.” This is what is emerging … Continue reading
Russia has overtaken Saudi Arabia to now become China’s top crude dealer for the first time since October 2005 as the tussle for market share in the world’s second-largest oil consumer has intensified, Bloomberg reports. In May, China imported a record 3.92 million metric tons of crude oil from Russia, which accounts for 927,000 barrels per day or a … Continue reading
“Saudi Arabia has beheaded a Syrian drug trafficker, rocketing the number of this year’s executions in the Kingdom to 100. This figure is already more than the 87 sentenced and put to death in the country during the whole of last year,” RT reports. The execution took place on Monday in the northern region of … Continue reading
“Saudi Arabia’s stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices,” The Street reports. “The opening of the Tadawul Saudi Stock Exchange allows companies, particularly those that are not in the oil business, to raise … Continue reading