Via The Economist, an article on the impact of the demise of easy oil money: Their budgets don’t add up anymore. Algeria needs the price of Brent crude, an international benchmark for oil, to rise to $157 dollars a barrel. Oman needs it to hit $87. No Arab oil producer, save tiny Qatar, can balance […]
Read more »Found a highly insightful article in the recent Harvard Business Review (subscription required) which examines where oil-rich Gulf countries are investing staggering sums brought about by the combination of the gigantic American trade deficit and the price of oil at more than $125 per barrel which have created an attendant pool of financial liquidity among […]
Read more »Via Arabian Business, an interesting look at the wave of Middle Eastern investment targeting Kazakhstan. Up for grabs is the vast and untapped commodity wealth of a country the size of Western Europe, with all the wheat, copper and uranium that Gulf states need. As the article notes: “…The head of investment banking at Renaissance […]
Read more »Via Arabian Business.com, an interesting article detailing the biggest share gainers in the Gulf during the first half of 2008. According to the report: “…Four of the world’s top ten performing stock exchanges are in the Gulf. Oman’s main stock index has gained 29.4 percent since the beginning of the year as Kuwait advanced 21.3 […]
Read more »An excellent piece in yesterday’s New York Times magazine effectively argues that the US’s position in the global order of things is changing and, that in addition to the three powers in today’s world (i.e. the U.S., China and the European Union), a set of “second world†nations that are part developed & part developing […]
Read more »Via Bloomberg, an interesting review of the equity markets in Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain and Oman where – as oil revenues spur construction and increase demand – profit growth is projected to exceed other emerging markets around the word. As the article notes: “… The MSCI GCC Countries Index of […]
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