KSA
iShares MSCI Saudi Arabia ETF
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$NCI.v at $0.035 on the TSX-Venture (Canada) news: NTG CLARITY REPORTS A RECORD FIRST QUARTER 2023 WITH $635K PROFIT AND A REVENUE OF $6.1M
$NCI at $0.035 on the TSX-Venture (Canada) news: NTG CLARITY NETWORKS ANNOUNCES YEAR-END 2022 FINANCIAL RESULTS WITH $788K PROFIT AND Q4 REVENUE OF $5.74M
Why $LCID will Dominate the MEA’s $3B+ EV Market
Oil prices are already +4.7% in private trading after >1 mln bbl supply cut announced this AM. Source: my cousin trades oil for a big firm in Switzerland.
KSA Injects Nitro on CBDC Study. Plans to Rely Less on Oil
Market Crash and Food Crisis YOLO Update 10/24
Mentions
KSA is opening for the west, wouldn't be surprised if they sneak in some $$$ here.
I am familiar with this. The biggest issue is this cheap labour down not know at its doing. Lots and lots of problems before you even think about operation difficulties. As to those saying KSA is too hot, the last time I landed in Riyadh (very recently) it was 5 degrees Celsius, with a ‘feels like’ of -5.
would you also care to explain how that is going to work in KSA's climate? and how does "some" using ACHE invalidate what I said?
Yes, the loop that cools the servers is closed. But to cool that loop, they evaporate it in a second loop. That's where all the water is going. And you will need a lot more of it in a KSA climate compared to a Western Europe climate.
Yep - worked in KSA construction for a while and there’s no way this would be feasible.
Im trying to figure out what is KSA lmao
I’ve read there is much more desalination plants coming online in KSA, it might be just one in that specific region of KSA
Problem is: those data centers require cooling, and they’re full of things that are deeply, deeply sensitive to thermocycling. Lots of freshwater required (not exactly abundant) and lots of high to low stresses Used to work in oil- OG money printer. There was a reason we didn’t build DCs in KSA, and it wasn’t for lack of funds or because the oil industry clutches pearls. It’s because it wouldn’t work.
Who's Madden? It's going to get renamed "Al-Otalbi KSA 2026". And the espy, player of the year will go to 🥭
Did the KSA have ties with Epstein
[Live view of KSA at the negotiating table](https://media1.tenor.com/m/bk8QMH02QOcAAAAd/im-playing-both-sides-both-sides.gif)
Q: Regarding the $500 billion sales forecast for Blackwell and Rubin in 2025-2026 shown at GTC, it was explained that $150 billion has already been shipped. Even now that the quarter has progressed, is there no change in the assumption that the remaining $350 billion will move in the next approximately 14 months? Also, is there a possibility of new demand emerging and exceeding the forecast? A: The assumptions remain unchanged, and the $500 billion plan is proceeding. We shipped $50 billion this quarter, but additional demand is building up. Just the announcement today for KSA alone involves 400,000 to 600,000 GPUs over the next three years, and Anthropic is also new. **Therefore, there is room to exceed $500 billion.**
Saudi Arabia king 👑 just cashed Nvidia to build super computer in KSA sip lemon 🍋 juice 🥤 and relax boys 😃 while watching it prints 💵💵💵💵
“Co-Diagnostics, Inc. (NASDAQ:CODX) announced on Monday that it has entered into a joint venture agreement with the Kingdom of Saudi Arabia (KSA) based Arabian Eagle Manufacturing.” You know it’s going to rocket when you see Saudi Arabia. 🚀
HITI: 35% - Retail Cannabis Canada Qfin: 23% - Financial Services China ACM Research: 22% - Chinese semiconductor equipment manufacturer NTG Clarity: 20% - Canadian SaaS with operations in Egypt and serving KSA
KSA and/or someone Trump adjacent consolidating power and influence
\+ FM1 Shipment to India and Launch \+ FM2 Delivery to Florida and Launch \+ FM3-5 Delivery to Florida and Launch \+ Block-2 Launches in Batches of 3-4x or 6-8x satellites every 1-2 months \+ Bell Canada Definitive Commercial Agreement \+ FirstNet Investment and Definitive Commercial Agreement \+ Golden Dome Award(s) \+ FCC approval for full US commercial service \+ Unlocking portion of $20M, $25M, and $65M in revenue prepayments from AT&T, Vodafone and Verizon upon completion of milestones \+ Execution of more definitive commercial agmts w/ prepaid revenue and/or investment w/ Telefonica, Saudi Telecom and more than 50 global MNOs \+ AT&T, Verizon, Vodafone, Rakuten beta testing results \+ Updates on Google services partnership \+ Initiation of Research Coverage by Goldman Sachs, Morgan Stanley, Stifel, others \+ Expansion of 6x contracts w/ Department of Defense, Space Development Agency, Defense Innovation Unit and more \+ FCC 5G Fund grant \+ Progress on +40x Block-2 BlueBirds in currently in production \+ Micron production to support 6x a month by end of Q3 2025 \+ Production ramp to 6x satellites a month by the end of 2025, currently at 2-3x satellites per month (as of 9/4) \+ Speculation: strategic investment by Apple, Blue Origin/Amazon, Microsoft, KSA PIF, Mubadala, ADIA, others? \+ Proposal for PNT service accepted by FCC as alternative to GPS \+ Delivery of $50-75M of Revenue expected in 2H 2025 \+ Initial Commercial Service w/ AT&T, Rakuten, Verizon, Vodafone in 2026 \+ Securing +$500M of EXIM and IFC non-dilutive funding \+ Procurement of additional spectrum unlocking SiriusXM partnership and/or Echostar spectrum sharing deal \+ Pursuit of L- and S-Band spectrum licenses globally \+ Catalysts the SpaceMob have yet to contemplate
KSA and Israel are the ones I know
You could use KSA but admittedly it doesn't have the same ring to it
Wall street usually does what retail don’t expect. Will be buying more on Tuesday. However i must say that it’s painful as hell holding and averaging down for 4 years. Great product and bad management is all i can say, hoping they will find a strong CEO and ramp up profits and delivery numbers specially after KSA factory is fully up and running. Some more UBER news could follow or technology deal or new partnership can help its SP. lets see until next year.
I was going to say Lucid is essentially a bespoke car builder, but actually 20,000 units puts them fairly similar to Rivian and their struggle to put out 45,000 units. So Lucid is actually producing a lot more than I thought. Lucid is mostly a vehicle to launder KSA influence money though isn’t it?
This sounds like KSA... I'll stay in 'murica, tyvm
Literally not one of those exists as you represent it. For example, take the Abraham Accords. KSA, Syria, and Lebanon are not involved. There’s more I could say but I will restrain myself….
He literally did. Peace in the middle east, Abraham accords with KSA, Syria, and Lebanon, gaza deal, iran has no nuclear capability, iran deal and China deal
The Chinese have canceled buy orders of US Shale for 90days in a row. The short answer is that when the outflow from the Persian Gulf restricts, the supply side in the US will be leveraged to cover the loss. China, Japan and South Korea come to mind. That - and the fact that KSA has continued to put product to sea, anticipating a shortage due to war and trying to capture additional market space. Next week will be important to futures. And just in time for the scheduled OPEC release for July of new inventory.
Simpler for Iran to just destroy KSA's oil export facilities instead of mining the strait.
Yeah, Iran and Saudi Arabia have been adversaries for a long time. If it were that easy to force a regime change in KSA, Iran would have done it. You're simply talking out of your ass.
Iran is open to diplomacy insofar as they get to keep their nuclear program and their regime. If Iran gets nukes, KSA and Turkey get nukes next and maybe even Iraq and UAE and suddenly the whole region is a tinderbox.
>Again, you’re spinning yourself into a doom spiral. Idk what makes you think this, I'm not saying this is WW3 or the end of the world or something, just that Iran and its proxies have a *ton* of ways to cause oil prices to skyrocket. It's long been a pillar of their deterrence plan, and if the regime thinks they're in trouble there's little stopping them from doing so out of spite. >Iran has been disrupted and... nothing that bad happened. Iranian oil hasn't been disrupted at all, nor have they attempted to disrupt global oil... yet. My point is that this conflict and US involvement in it, raises the likelihood of that happening significantly. >Turns out lots of people have oil to sell and they scoop the market share seamlessly. You really shouldnt comment on things you clearly have zero understanding of. >We’re not even engaged with Iran and you’re already imagining 3 countries going offline. I'm not. Your response to my OP was talking about risk. My response therefore discussed the risks associated with the conflict, which includes possible disruptions to oil output from Saudi, Iran, and Iraq. My entire point is that the market does not appear to be factoring in the huge potential risks of a major conflict with Iran, so I pointed out some of those risks. I didn't say those things *will* happen, only that there's a growing risk they *might*. >For the blink of an eye. Then it rapidly returned to $60-70 Oil prices didn't return to the $70 range for over a year after the 2022 spike, and only entered the $60 range in late **2024**. Again, you clearly have no idea what you're talking about. >You can let yourself imagine a doomsday collapse of world economies without there being demand destruction. I never said anything about a "doomsday collapse of world economies" at all. I said there's a good chance that the price of oil skyrockets, which would be bad for the economy... >You imagine that Iran who is too overwhelmed to even handle Israel is somehow going to own us. Then you go further and throw Iraq and KSA in there. Where did I say anything about Iran "owning us"? Seriously, you're tilting at windmills here. What I said is that Iran and its proxies (which it doesnt have full control over mind you) have many ways of targeting Iraqi and Saudi oil output as well. We saw attacks by Iran/Houthis a few years ago on Saudi oil facilities for instance. The PMF in Iraq are a powerful force that could target Iraqi oil facilities as well. Again, the entire point of my posts isn't to suggest a nightmare scenario or something, just to point out the very real *risk* of high oil prices the conflict could bring about, and noting that I'm surprised that the market seems to be largely ignoring those risks.
> Its a global market, if there are major disruptions to one of the world's biggest producers Again, you’re spinning yourself into a doom spiral. Iran has been disrupted and... nothing that bad happened. Iran and others have restricted *themselves* and nothing that big really happened. Turns out lots of people have oil to sell and they scoop the market share seamlessly. > (or more, Iraqi and Saudi oil are both in striking distance of Iran and its proxies), See, this is what I mean with the spiral. We’re not even engaged with Iran and you’re already imagining 3 countries going offline. > it will send prices sky high in the US too. Keep in mind, the price of oil went to more than $150 a barrel 3 years ago after the Russian invasion of Ukraine. For the blink of an eye. Then it rapidly returned to $60-70 > What does any of that have to do with what I'm saying? It doesnt have to be a Covid-level disruption of daily life for it to be disastrous for the economy and for corporate profits. You can’t have it both ways. You can let yourself imagine a doomsday collapse of world economies without there being demand destruction. > Who's saying anything about an "imagined doomsday weak economy"? You imagine that Iran who is too overwhelmed to even handle Israel is somehow going to own us. Then you go further and throw Iraq and KSA in there.
ABC had an update saying they were apparently reaching out to KSA, Qatar, etc. to call the US to open negotiations back up.
Keep in mind that China 🇨🇳 continued to cancel buy order for US Shale. So you can place puts on oil but not for long. We’ve been over supplied for months so 2.5million bpd is about to be removed from market. OPEC has a set release of additional crude in July - pre planned - but only by 350k bpd. So prices will just jump as value shifts into a smaller supply. Until then, KSA among others, can fill the gap in deliverables to China that will be lost in the strikes or closing of the Straits. It’s going to get even gnarlier for the oil markets if the trade talks between the 🇺🇸 and 🇨🇳go sideways. The USA has 22 billion in open bonds and China has sold off a considerable sum in recent times. But the get a ton of discounted petroleum from Iran and lot from Russia. Im short on Russian LNG in the Arctic because they are next.
Keep in mind that China 🇨🇳 continued to cancel buy order for US Shale. So you can place puts on oil but not for long. We’ve been over supplied and something has had to give...so 2.5million bpd is about to be removed from market. OPEC has a set release of additional crude in July but only by 350k bpd. So prices will just jump as value shifts into a smaller supply. Until then, KSA among others, can fill the gap in deliverables to China that will be lost in the strikes or closing of the Straits. It’s going to get even gnarlier for the oil markets if the trade talks between the 🇺🇸 and 🇨🇳go sideways. Im short on Russian LNG in the Arctic because they are next.
4/10. Small caps are for trades and not good during high rate cycles. They will be good coming out a recession. Why make it so complex? 10% AVDV seems high. I’d rather buy some global ETF’s. KSA, a German one, Mexico maybe, EUAD a good European defense. Add gold or silver. I have PAAS and AEM, but SIL or SIVR for less risk maybe for you. BTC is missing. And long term treasuries I don’t see the point.
Looking at Saudi ETF KSA with all the attn and investing going in and out of the Kingdom during this administration. Or opening up an account with IBKR and looking at specific companies to invest in in the Tadawul stock exchange. Also looking at silver, PAAS and some junior rare earth companies.
I’d ask you if you’ve ever been dropped in your head as a kid but this feels deeper. I’ll start with this, firstly this is UAE not KSA, but given the rest of your comment I’m not even surprised you can’t make the difference. Now second of all since you wanna go there the age of consent to marry in the UK just 150 years ago was 12 keep this in mind. In the bible Isaac was with Rebecca between the age of 12-14 in the bible - no numbers given just with the maths given from the bible, as for the Prophet and Aisha the marriage was consumed after she had hit puberty. My point is, today’s standards will always be different from what used to happen a very long time ago, 200 years ago if you’re 18 years old still living at home and jobless you would seem like a useless tool whereas today it’s normal in America and Canada Now don’t think to hard and go deeper about this and instead go enjoy the rest of your weekend
Leverage. He had significant properties in all 3 countries, especially KSA AND UAE.
Since you seem informed, where does KSA land on the depth chart?
Guess its not finalized yet? Otherwise why does KSA get the grandiose presentation?
It’s not a fact that they won’t buy all 210 or even the 160, but knowing Trump and the politics involved, current economic uncertainties, this number is very likely inflated. Same goes for KSA’s 600b investment in the US.
LOL, now tell me how much time you have spent in KSA.
lol the 4 year deal KSA signed is just their normal amount they spend on defense from the usa x4. what a scam lol
"the towers" yeah I remember KSA, I remember
You get both as an honored guest in KSA.
Breaking news: USA and KSA sign agreement to pump each other's stocks pyramid scheme style Bullish
That's Qatar. Different country, different interests than KSA.
See my prior comment. Canada and KSA also need to produce to meet their budgets. But for majors like Chevron and Exxon, selling below $55 is optional and they don’t want to lose money so they’ll just nope out. The short story is spending cuts and job cuts here at home.
This headline and some of the conjecture is only half true, or at least it’s technically true but about to get rocked. Yes, their current stated positions are to maintain production. But as the well regarded Paul Sankey explains, it’s only a matter of when they capitulate, because they will. Their stated positions are from when oil was at least $60, and $60 is kind of their fulcrum. This week’s drop to $55, and the predicted imminent sub-$50 pricing means major parties will absolutely scale back to avoid losing money. Smart operators like Diamondback already have. Desperate entities like Russia and Iran will not. Canada also has to produce. KSA is sort of in that camp too, as they basically produce whatever amount they need to meet the income expectations of their princes. And their current overproduction is fulfilling a favor to the current administration. Real companies have and will ignore slogans to “drill baby drill” but KSA does so happily. How this plays out then is the majors mentioned above do some painful layoffs across America, especially Texas and Midwest up to North Dakota. And that employment shock hurts sentiment which hurts economy which creates downward oil price. Players like Total have global markets so will be more insulated. I’m slowly accumulating in things like a CVX but under no illusion that it won’t go down before it goes up. I’m counting on them to maintain 6% yield while we wait.
It will turn away domestic investments in the US because it won't be profitable, the whole drill baby drill thing won't make money. Upside is cheaper gas for a short time and KSA is trying to push out Russia. Downside long run, our domestic investments.
highly unlikely for any real productive changes to existing trade relationships for both India and KSA. Saudi has been pivoting to China for a while now, dealing with Trump only when its convenient. India is still very non-aligned, especially for the current Pakistan tensions. They may leverage their position as a counterweight to China for US concessions, but Trump cant really claim a victory with "we're moving all manufacturing to India" as his slogan, but it is what India really needs. I doubt a forward MFN status would be enough
One simple reason: The only developed country on earth with relevant consumption is the US. It’s the greatest market on the face of the earth to sell a product. No other country can say that. The US is a consumer. It is also generally vastly more resource, energy, food, and militarily secure and politically stable than any other country you could possibly name. Despite what globalist propaganda outlets would have you believe. China is an export and manufacturing based economy locked in a trade war, amid a financial collapse and population free fall who will be forced to dump their products on the rest of the world. They are fully dependent on other countries (including and especially the US) for food, energy, and most natural resources, as well as for security of the trade routes they depend upon. Europes economy is irrelevant to anything since they don’t have a consumer base nor do they make very much of anything. Russia is locked out of the global economy. Where else are you gonna go? India? KSA? Mexico? Good luck with that.
We do align with “Bone Saw specialists” KSA where women until recently were not allowed to drive cars.
All his "success" has been through selling out his country to Russia, KSA and the Persian Gulf states
Have people not learned by now that when trump says something so outrageous that it seems cartoonish that he’s using it as a negotiating tactic, because the US has spent the last 75 years giving concession after concession to every country on earth that nobody takes us seriously anymore? “We’re just gonna take Gaza, we’ll just have it beautiful oceanfront!” Resulted in a new coalition of Muslim countries led by KSA to finally get off their asses and propose solutions and investment dollars to the solving crisis happening in their back yards. “We won’t protect you if you don’t pay your share” to NATO in his first term led to every single member increasing their defense spending. “We will retake the Panama Canal by force if we have to” has led to American companies with the help of the Panamanian government booting Chinese companies out of control of vital port infrastructure. Like do people really not get it yet? He wrote an entire fucking book about how he specifically negotiates deals.
> How will he fund the wealth fund? US has a $1.83T budget deficit which is expected to increase to $2T if the new tax bill, GOP proposed, becomes law as it is. I wouldn’t be shocked to see a proposal from this admin to sell California to KSA or something like that.
Trump will have something to say about Taiwan for sure. They're not sharing shit with USA/Intel, but have effectively given significant parts of TSMC's tech and secrets to SMIC. Well China took it against their will, but they failed to protect it, while they are putting in a lot of effort in keeping it away from America. America is the only reason they have any kind of independance. They have a skilled military and a conscript force with tons of patriotism and morale, but China is China. The commies can take Taiwan in a day if they wanted if not for USA. And Trump has a history of calling out allies who he thinks are taking advantage of America, eg getting KSA to pay billions for weapons, and trying to get Germany to stop paying Russia for gas. So he's coming for Taiwan for sure. Taiwan is not going to want to give up their silicon shield, but they'll have to give up something.
They didn't steal all the intellectual data. The majority was handed to them via joint ventures. It's only very recent that China allowed 100% foreign ownership of companies, previously you had to partner with a local company via a JV which allowed knowledge transfer, investment, etc. American / European manufacturers handed China the intellectual rights and as they learned, they eventually were able to compete against western companies. A similar approach is using in KSA / GCC in oil drilling, banking, insurance, etc.
Hey man I am also in KSA and was wondering this exact same question as I have been presented with the same offer. Please do let me know if you came up with an answer!
You literally don't know what you're talking about. They do have their 2nd mfg plant in KSA. Their first one is in Arizona. KSA ordered 100K cars so it made sense to build a plant there, and they have an EU/APAC market.
You're saying we can buy Israel or KSA if we got rid of Nvidia?
Do the people writing these articles have brains, or are they bots? They can't sell 9mmbbls/d of their finite resource at $100/bbl so they're going to sell 11mmbbls at $50/bbl instead? For market share? Why does the article even mention market share as if KSA cares, revenues are what matter. They should retitle this "Saudi Arabia plans to cut it's own revenues by 25% just for fun!" KSA production peaked at 11mmbbl/d in 2022 and are currently at 9mmbbl/d. They plan to slowly raise production to 10mmbbl/d over the next year based on OPEC growth projections, that is not "dumping onto the market". After trying (and failing) to liquidate US shale growth in 2014 they didn't make a new high in GDP PPP until 2021. I understand that oil investors of the past 10 years have major PTSD, and likely a closet full of brown stained pants, but I am highly doubtful KSA would try that again given that US shale growth has slowed considerably.
doesn't China produce more renewable energy than US? Also KSA has the largest oil reserves and pumps on standby, they keep production low to raise the prices.
Saudi Arabia is capitulating on its $100 target --> oil is going lower. Price war to kill US shale? Reality is OPEC was full of cheaters this whole time, so while KSA was cutting (causing deficits to blow up), it was effectively subsidizing US / Russia / Iran / non-compliant OPEC producers.
A journalist with family ties to the intelligence community who participated in Iran contra and IIRC meddled with internal KSA politics…not that anyone should get done up like that, but there was some fuckery afoot before it all went down and was part of the palace coup
You must be kidding, u realize KSA has a sliver of the population of those countries while having a larger GDP. Qatar and UAE are the closest beneficiaries but again can barely be considered super powers due to their low populations. But I'd argue their royal families are practically cousins with KSA's royal family.
They get the contract then the houthis sink their ships and KSA sues them for not cleaning up the oil.
>US ends ban on offensive arms sale to Riyadh wild how that happens only after KSA and Iran reestablish ties
'Cant' use jordanian or KSA airspace and thats a problem for them
The US basically exported the infrastructure we use here to the ME, considering almost all contractors/architects/planners that initially built those countries' infrastructure (UAE, KSA, Kuwait, Bahrain, Qatar, etc.) were all US contractors (in 1950s/1960s). No wonder almost the entire middle east is a car dependent shithole just like the American suburbia.
Actually I'm remembering wrong. The S.A. vs. Houthi War was going on in 2015 but the series of strikes on KSA oil facilities was only in 2019, and then briefly in 2022. Question is, is oil more or less 'tight' than in 2019?
Graham, I have been and lived there. Do you know why you haven’t heard of all that? Because you form part of the privileged immigration (pretty sure you call yourself “expats”). Do you know who suffers the consequences the other redditor is talking about? The “browner” immigrants that you don’t see in your social circles. I know when you live in there it’s easier to convince yourself of how great it is (you get the same from “expats” living in KSA… ffs). But come on… using ANY of the gulf countries as an example of respect to human rights it’s so ridiculous that probably better to just laugh about it instead of thinking you truly believe it.
> Saudi Arabia, weirdly enough, is buying up US LNG. The US currently exports like 90 MPTA (rapidly growing), and KSA is committing to 5 MPTA for 20 years. Their plan is to import US LNG and then act as an intermediary and send it to whoever needs it. I imagine the Kingdom sees an arbitrage opportunity given that U.S. LNG is - for the couple of years anyway - cheap to produce. Currently the real margins lie in storage, transportation and distribution. Qatar is tied up in long-term contracts so the regional opportunities for the Sauds are scarce unless they want to strike up a deal with Kazakhstan.
Some random thoughts about energy (mostly LNG) today: - [This graph shows the growth in natural gas consumption by country](https://i.imgur.com/cZR1MKk.jpeg). The color indicates whether that country is a net exporter or importer. So it shows US consumption grew by 65 BCM but also that it is a net exporter. That growth in China is insane. What's remarkable to me, though, is that India is barely growing its natural gas consumption. Instead, they are heavily relying on increasing coal output. I'm assuming they are a few years out from repeating China type growth in natural gas, though. - [Another cool chart](https://i.imgur.com/taaRLgO.jpeg) showing that more natural gas trades as LNG over the ocean than in pipelines! The recent decline for pipeline trade is in part due to Russia-Europe pipeline flow either being intentionally choked off or sabotaged. - [Bloomberg estimates on fossil fuel demand by type](https://i.imgur.com/K3ycZlm.png). - [Saudi Arabia, weirdly enough, is buying up US LNG](https://x.com/SStapczynski/status/1805943704131412404). The US currently exports like 90 MPTA (rapidly growing), and KSA is committing to 5 MPTA for 20 years. Their plan is to import US LNG and then act as an intermediary and send it to whoever needs it. - [Lufthansa (effective today) introducing a 1 to 72 Euro surcharge](https://x.com/JavierBlas/status/1805587130577473925) on all flights. The reason is the EU is mandating a growing proportion of jet fuel to be 'sustainable' (SAF). This is imposing costs on airlines and forcing price increases. Lufthansa, like many airlines, is struggling with profitability, and so EU regulations are making business even tougher. A few other airlines are also adding surcharges, but not all of them. - Yet another [big weekly oil inventory build reported by the EIA](https://oilprice.com/Energy/Crude-Oil/Oil-Moves-Lower-on-Surprise-Inventory-Build.html) but for some reason crude oil is up 0.79%. Wonder what traders are thinking. Maybe fears over war expanding to Lebanon?
There is no real source for this. Everybody references a tweet from an unofficial BRICSNews account. There is also no source that this is even a 50 year agreement. It is the 50 year anniversary though, This news has been circling for over a week with no public statement from KSA or USA. They have always been able to transact in other currencies. They prefer the USD because of our liquid treasury market. They are also negotiating a military treaty with the USA similar to that of USA-Japan. If you can find a source (Statement from an official government website), I would love to see it. I have been searching for over an hour. What is also weird that that I have found: conflicting news sources on Saudi Arabia joining BRICS. They have attended meetings without formally joining. They were officially invited in January, but they said they were still considering accepting the application later that month.
There is no official source for this. I have been looking for the past hour. Everything references a tweet with no source or are blog posts with 0 sources. This has been circling for over a week. There is also no source for this "50 year agreement," I have been searching for that too. It has been 50 years since the creation of the Petrodollar, but there is no reference to a timeline. Some news pages are even saying 80 years or 70 years which is obviously false. Some are saying that KSA has always been able to transact in other currencies, they choose to transact with the USA because of how liquid our treasury market is. That is still currently unmatched by every other major economy. KSA and USA are currently in negotiations for a defense treaty similar to that of USA-Japan.
He paid nowhere close to 44 billion, there were billions from lovely people like Ellison and KSA, and also it was a leveraged buy-out, where Twitter took on a ton of debt.
you could have put puts on him back when MBS consolidated power at the Ritz in KSA.
50% tax rate 😯 ? I will keep living in KSA then 🏃🏻♂️
Remember stock is up because when you buy shares you get a president who will work for the shareholders. The more shares the more access. I bet Russia and KSA bought a shit load of stonk. Trump opened a new door to legal bribery. Soon every presidential candidate will list on the market.
So what are his options? 1. he's hosed. he can't get any money from TS because of the 6 mo. lock up. 2. he needs to post the bond by Monday; however, he shot himself in the foot by bragging on TS that he has $500m. If he doesn't offer up that money, Letitia James filed judgement against him and will begin seizing assets starting with Seven Springs. If he was bragging and doesn't have the $500m, bye bye assets. Oh, and he's hosed. 3. The rumor mill has circulated he might look towards Russia or KSA for the money. He'd need them to guarantee his bond ASAP or he's hosed wrt to his judgement; however, if he gets money from them, he's hosed politically because he'd be in hock to either an adversary or a frenemy. Either way he's hosed. 4. He could get himself, Melanie, Ivanka and Jared, Jr. and his Elvira impersonator, Ewik and tone deaf Lara to go out behind a Wendy's dumpster to \*ahem\* raise the funds, but they'd have to had started months ago. So looks like he's hosed. Op, assuming DWAC shareholders approve the merger, you know this company is overvalued and has what likely will be a shrinking user base. Never mind that they cannot keep the site up and running without major outages or the fact they have other DOJ/SEC-related worries. Only one way for TS to go should it ever make it out of the gate, so you know what to do.
If you think it’s likely that Russia/KSA/UAE will prop it FOR Trump you can assume it’s MORE LIKELY that the Dems will wreck this.
I agree that he wants to pull money out of this, but I tend to think the rug doesn't get pulled until after the election. Trump may sell his shares, but I'd suspect that Russia/KSA/UAE will prop the price up in order to funnel money to Trump. Alternatively, he might borrow against the shares, and those same actors would work to prop the price up.
Lol to who and for what? You think KSA and all the other goons backing him are ready to realize that haircut and lose control of the app?
FYI Aramco sold **1.5%** of it's stock The KSA still owns the other **98.5%**. It pays an annual **dividend** larger than the entire MC of AAPL.
Where the news?????? They opening a factory as they took Saudi money. They will build in the US, dismantle, ship to KSA, and reassemble.... You saying that not the future????
Much more than that you can track them more to Saudi policy going back to the 1934 end of the War between them and the KSA at Ta’if. That treat gave away four Yemeni states but had a 20 year sunset. It was resigned every year until being finalized in Jeddah in 2000. King Aziz told his sons to always keep Yemen week. The 4 states and the Houthis are Shia and KSA Sunni. The current war was really spurred more closely the the Arab Spring. You could have made that argument for AQAP, but it’s far more complex than just the US.
No, because that's not how diplomacy works. It's not tit for tat. The US and the myriad of coalitions we are working with can degrade these capabilities specifically much more quickly than their ability to defend against and reach out into KSA and UAE. GCC states are holding us back. There is a tipping point where we will no longer put such weight on those factors. The US will change the profile of strikes in Iraq and Syria and more openly target the IRGC proxies. Hezbollah isn't being used at scale because Iran can't afford to lose them. There are a lot of pain points. Houthis really aren't a huge part of that over all plan. Also, if you fall into the proxy trap, you will forget that the Houthis have their own grievances and a sense of self-preservation. Take my words for what you will; I just think a lot of people are way off base here.
Absolutely KSA is the next China of Middle East. Huge country, lots of oil, well Educated young population...I have noticed lots of project and running side by side 2030 vision is for REAL.
The US already put together a task force. KSA didn't join, they've had enough of getting their asses handed to the by the Houthis and don't want them to target their oil infrastructure in retaliation.
Nah, KSA has consisently failing to meet quota for years. There's just more production elsewhere and once you hit 2.55 Shale is profitable.
The part I'm nervous about is the KSA involvement. It means the normal rules of road/laws/laws of physics etc won't apply here.
could KSA saudi arabia ETF be a good buy?
Jordan: They got fucked by PLO, and is not touching Palestine with a 5 foot pole. Egypt: Good relation with Israel. Not intervening. Turkey: Excellent relation with Israel. Israel even supported Azerbaijan in the Nagorno Karabakh war. Yemen: In the middle of a civil war. They don't have an army. KSA: Incompetent army. Their defense is dependent on USA. No way they are risking that. Oman: ???? Russia: They are getting ass handed China: They are watching Russia getting pounded very carefully Tldr, take your schizo pills.
Yes, unfortunately the SPUS ETF actually has a fairly low dividend rate. Trying to retire off 1% dividends would require an awful lot of savings. I'm somewhat surprised no one has devised an ETF that concentrates on stocks that are both halal and high dividend. If you are going to pick individual stocks, it would be good to diversify across as many companies and sectors as you can. Classically, there are 11 sectors: Health care, Materials, Energy, Consumer discretionary, Consumer staples, Industrials, Utilities, Financials, Information technology, Communication services and Real estate. There are a few sectors where it may be difficult to find halal companies (financial: interest oriented, real estate: often highly leveraged) but it would be less risky than just 3 companies which are stable companies but all in the consumer staples sector. You could also diversify a bit internationally by putting some money into a country based ETF for an Islamic country like KSA for Saudi Arabia. It pays 2.4% dividends and the banks it holds are presumably halal?