saudi arabia Archive

economySoftbank Vision is to invest a trillion dollars in at least a thousand Unicorns over the next ten years

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Softbanks’s CEO Masayoshi Son is creating a mechanism to increase their funding ability from 10 trillion yen to 20 trillion yen to 100 trillion yen. The funds will probably have invested in at least 1,000 companies within 10 years. …

asiaRussian and OPEC long term planning builds in inevitability of future China economic dominance

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Even though their are many China bears who predict that China will have many problems with economic growth, China is currently able to wrap up many economic deals with Russia, OPEC and the world with the aura inevitability. China’s economy …

energyOPEC predicts strong US oil shale and Bloomberg sees temporary oil price increases

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North American oil shale output will soar to 7.5 million barrels a day in 2021 according to OPECs World Oil Outlook report on Tuesday. This forecast is 56 percent higher than OPEC forecast a year ago. Bloomberg sees a lag …

militaryReal Life Saudi Game of Thrones

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One of the many Saudi princes died in a helicopter crash near Yemen and another died in a firefight between his security forces and government security that came to arrest him. This will be very interesting and bloody if many …

saudi arabiaBillionaire Venture Capitalist Saudi Prince Arrested

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Saudi Arabian Prince Alwaleed bin Talal, the prominent billionaire investor, has been arrested. He is one of the richest and most influential investors in the world. He has big investments in Twitter, Lyft and Citigroup. He has gone into business …

saudi arabiaSaudi Arabia invests $1 billion into Virgin Galactic with $480 million option for space services

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The Public Investment Fund (PIF) of Saudi Arabia and Virgin Group (Virgin), have signed a non-binding Memorandum of Understanding (MoU) for a partnership under which PIF intends to invest approximately $1 billion into Virgin Galactic, The Spaceship Company and Virgin …

megacitySaudi Arabia will build $500 billion high tech megacity called NEOM

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Saudi Arabia will build a megacity called “NEOM,” will operate independently from the “existing governmental framework” with investors consulted at every step during development. The project will be backed by more than $500 billion from the Saudi government, its sovereign …

futureIsrael could become active in any shooting war with North Korea

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The US, Japan and South Korea have not killed North Koreans in the 21st century. Israel has killed about 170 North Koreans and injured 2000 in relations to nuclear weapons from an incident in 2004 and another in 2007. Note …

economic impactSingle largest arms deal in US history signed with Saudis for $110 billion and will be worth $350 billion over ten years

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The U.S. has reached a $6 billion deal for Saudi Arabia to buy four Littoral Combat Ships made by Lockheed Martin in a package of major arms purchases as President Donald Trump travels to the kingdom, people familiar with the …

economic impactTexas is back as King of the oil world

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Weekly US oil production is back to 9.3 million barrels per day and is nearing the 9.6 million barrel peak in mid-2015. OPEC raised its outlook for U.S. production growth by 285,000 barrels a day to 820,000 a day in …