Yesterday, Saudi Arabia announced that 2015 would produce a budget deficit amounting to $135 billion (367 billion riyals). A royal decree, effective on Tuesday,...
QUESTION: Why did ISIS target France rather than Germany? Someone said it was France who created Syria. Is that really true? ANSWER: Germany is not actually a...
The IMF has come out and warned that Saudi Arabia may go bankrupt within the next five years if the government maintains its current spending habits. Some...
The markets are open on Sunday in the Middle East and we have seen follow through with the sell off that rocked the equity markets in Asia, Europe, and the Middle...
The general perception that Middle Eastern countries are flush with cash and deliberately try to keep oil down to harm Iran when it begins to sell is rather...
Saudi Arabia pumped a record 10.564 million barrels per day in June, showing that as prices decline, a record level of production is unfolding. Governments in the...
Further evidence that 2015.75 is really the peak in a Massive Debt Bubble: The Middle East has always been on a cash basis as their revenues from oil exempted them...
Iranian Supreme Leader, Ayatollah Ali Khamenei, has come out and told the world that two American officials threatened military action against Iran if there was no...
