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Countdown has begun: Saudi Arabia borrows $4bn as oil price reality hits home!

Wrong the majority of the projects in modern Iraq was build first by the monarchy they build the the first stone and qassim completed it

The only mistake of the monarchists is following the British policy and feudalism which made the people hate them since the majority of iraqis back than were farmers

The political life and freedom was much better each party could partisbate in the parliament

The same goes to Syria before the Baathists toke over Syria
@Saif al-Arab @Full Moon
Bro more than one sixty of the projects based in Qassim period.

You are surly entitled to your opinion. Though I see all of the elite folks who are anti 14 tammooz (14 July) aren't living in Russia, Cuba, or China. They are living in the same imperialist states they used to lecture against (the U.K, and the U.S).
I don't care about that period I'm talking about what I've seen from the old Iraqis like my father my grand father.

Qassim him self study in England.

The man tried to build the country to me that's it I don't care about his thought or his sect. BTW he was Sunni.
 
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Looks like the agreement that reached between the U.S and Iran made you hallucinated chill out drink some water my friend trust me I'm in no way ready to loose you any soon stay tuned bro to see the outcome of this agreement and the war in Iraq and to see my dream coming true.

If you are talking about the House of Saud then I don't care. If you want misery to reach the Holy Land, your Arab brothers and sisters and your neighbor, including millions of fellow Shia Arabs in KSA then I must tell you that we are no friends.

I do not care about Iran at all other than the meddling of their Mullah's in a few Arab countries.

Rest assured that Iran will never surpass the GCC in economy or influence. Not in this century. Let alone the entire Arab world. NEVER. It's laughable to suggest otherwise.

Also understand that one day the Arab world will unite politically when the current parasitic leaderships are gone. Including certain religious figures. The will of the people can only be kept down for so long. The history of Europe proves this. Today the most civilized area on the planet.

Iraq is my second country and a prosperous Iraq is something that I myself look forward to and have said again and again but this will NOT happen under an Iraq ruled by Wilayat al-Faqih. I can assure you of that.

The Arab youth (the non-sectarian one) is sick and tired of the troublemakers.

You can sit behind your computer screen somewhere in Texas or where you live in the US but you, I and everyone else knows that Arabs stick together like water in all foreign countries regardless of sect. Same story in the US and you know what? I know this because I myself have witnessed it.

Let me make this clear for you. An Sunni Muslim Arab that supports the evil plans of the Mullahs in Iran in regards to Arabs is not my friend while a anti-Wilayat al-Faqih Shia Arab (even the most religious one) is.

I am completely calm but you are a hypocrite. You cry about Daesh maniacs but yet you take pride in the murder of innocent Muslim people and the Grandsons of Prophet Muhammad (saws) who never killed anyone. They had their faults like any other rulers but they were good, educated and decent people who lay the cornerstones of modern Iraq whether you like it or not.

But that's what's wrong with this world, Muslims and Arabs in the year of 2015 (Christian calendar). Absolute clowns are cheering for the killing of civilians Yemeni Zaydi's because Houthi' cult happen to be Zaydi's (nominally) and other absolute clowns are cheering for the killings of civilian Iraqi Arabs in Ramadi, Fallujah, Mosul, Baghdad, Tikrit etc. because Daesh claims to belong to their sect.

If the people do not change Allah (swt) will continue to punish the region with misery.

You should be ashamed of yourself and not use the avatar of Ali ibn Abi Talib (ra) because your views have nothing to do with his noble values.

Even as a non-Muslim what you are writing is nonsense.

I end it here and let your silly hatred eat you up.

And quite frankly I have no problems against non-anti-Arab Iranians either. Let alone a civilized Iran. At most they are a rival other than that nothing else. No more a rival than anyone else in the neighborhood.

People who hate Arabs (my people) for simply being Arabs cannot be my friends. Nor should they be accepted by any sane Arab. Simple as that.

Wrong the majority of the projects in modern Iraq was build first by the monarchy they build the the first stone and qassim completed it

The only mistake of the monarchists is following the British policy and feudalism which made the people hate them since the majority of iraqis back than were farmers

The political life and freedom was much better each party could partisbate in the parliament

The same goes to Syria before the Baathists toke over Syria
@Saif al-Arab @Full Moon

I love farming myself and have great respect for farmers (my little rant was due to Malik supporting murder of innocent Muslims and people which I did not expect of him and grandsons of Prophet Muhammad (saws) ) but the feudal system was not something the Hashemites invented. It had existed for centuries upon centuries if not millennium before. Feudalism exists to this day just under different forms. Most politicians in Iraq and anywhere else in the Arab world are highly corrupt and evil creatures while the common man suffers to a great deal especially in Iraq. Homeless and impoverished kids are in abundance in Southern Iraq and Iraq as a whole and many Arab countries. It is a tragedy.

Iraq would have been much better today if ruled by a constitutional monarchy like under the Hashemites. The late Faisal II (who was killed as 23 year old shortly before his wedding) might still had been alive. I am 100% sure that Iraq would have been much better off.

Fake so-called Arab "nationalism (Ba'athism), failed socialism and totalitarianism won. The people lost. This made the monarchies themselves more totalitarian due to the political climate.

Everyone in the ME 60-70 years ago was not well to-do in generally. Iraq was no exception but Iraq under the Hashemites was still much better than many neighbors and that is largely due to clever leadership.




Was there poverty? Of course to a large degree but that's still the case today 60 years later and billions upon billions of dollars earned from oil and gas revenue later.

Also the monarchy was actually to a large degree influenced/ruled by the military. The same military that eventually became their death. The excuse of not enough "reforms" must be blamed on the military who wanted status quo. Not a 23 year old man.

I know that the educated elite and old generation of Iraq (informed one) has respect for Iraq's monarchy despite not being a perfect system (which system is perfect)?

Also there was no discrimination against Shia's. That's a myth. The reason why many Sunni's had leading positions in government and military was simply because Iraqi Sunni Arabs were historically always richer than Iraqi Shia Arabs who lived mostly in the South. Baghdad was a majority Sunni city back then. That sociopolitical reality dated back to the Ottoman administration. Had Iraq been controlled by the Shia Safavids it would have been the exact opposite.

I can tell you that Shia's always were protected under the Hashemite rule in Hijaz and it was no different in Iraq. There were no restrictions on Shias under the monarchy but so-called democratic "socialists" who later came to rule Iraq (no names mentioned) discriminated.

In short unqualified peasants became kings overnight across the Arab world (Qassim, Saddam, Al-Assad, Nasser, Abdullah Saleh etc. etc.) and look how that ended for their respective countries?

Either establish full secularism and make talented qualified leaders rule or have competent monarchs instead of unqualified peasants becoming kings (dictators) overnight. Or evil Mullah's/Sheikhs using people as sheep.
 
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If you want misery to reach the Holy Land, your Arab brothers and sisters and your neighbor, including millions of fellow Shia Arabs in KSA then I must tell you that we are no friends.
No, one would like to see that absolutely not me since we experienced that we don't want to see it some where else.

Rest assured that Iran will never surpass the GCC in economy or influence. Not in this century. Let alone the entire Arab world. NEVER. It's laughable to suggest otherwise.
By the way I'm Iraqi not Iranian I don't wonder it's the stereo type you got no doubt about every shiite is Iranian.

Also understand that one day the Arab world will unite politically when the current parasitic leaderships are gone. Including certain religious figures. The will of the people can only be kept down for so long. The history of Europe proves this. Today the most civilized area on the planet.
I wish they do for the good of us all but they wont unless they all become secular and believe in it.

Iraq is my second country and a prosperous Iraq is something that I myself look forward to and have said again and again but this will NOT happen under an Iraq ruled by Wilayat al-Faqih. I can assure you of that.
wake up man Iraq ruled by democracy and box ballot. And you say you're not sectarian while you dripping sectarianism.

You can sit behind your computer screen somewhere in Texas or where you live in the US but you, I and everyone else knows that Arabs stick together like water in all foreign countries regardless of sect. Same story in the US and you know what? I know this because I myself have witnessed it.
We used to be that way until your Wahhabis popped up.

Let me make this clear for you. An Sunni Muslim Arab that supports the evil plans of the Mullahs in Iran in regards to Arabs is not my friend while a anti-Wilayat al-Faqih Shia Arab (even the most religious one) is.
This is another Othman dress you start using.
Wilayet Alfaqeeh is an Iranian way of rule. Not Iraqi Sir. you are so obsessed with it even the west try to live with it but Wahhabis can't that's your business.

I am completely calm but you are a hypocrite. You cry about Daesh maniacs but yet you take pride in the murder of innocent Muslim people and the Grandsons of Prophet Muhammad (saws) who never killed anyone.
I can't believe you I swear how in the world you saw me proud of what happen to them why should I to be honest I still remember my father talk with pain about them so why should I man chill out please.

They had their faults like any other rulers but they were good, educated and decent people who lay the cornerstones of modern Iraq whether you like it or not.
May Allah grant them the mercy.

But that's what's wrong with this world, Muslims and Arabs in the year of 2015 (Christian calendar). Absolute clowns are cheering for the killing of civilians Yemeni Zaydi's because Houthi' cult happen to be Zaydi's (nominally) and other absolute clowns are cheering for the killings of civilian Iraqi Arabs in Ramadi, Fallujah, Mosul, Baghdad, Tikrit etc. because Daesh claims to belong to their sect.
In Regards to the Sunnis in Iraq trust me you're misinformed about them I swear shiite wont kill any one just been sunni this is the propaganda of al saud.

If the people do not change Allah (swt) will continue to punish the region with misery.
Look what happen to us just because we want to change.

ou should be ashamed of yourself and not use the avatar of Ali ibn Abi Talib (ra) because your views have nothing to do with his noble values.
Thanks I don't answer for this because I know you just never understand me.

Ramadan Kareem.
 
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No, one would like to see that absolutely not me since we experienced that we don't want to see it some where else.

By the way I'm Iraqi not Iranian I don't wonder it's the stereo type you got no doubt about every shiite is Iranian.

I wish they do for the good of us all but they wont unless they all become secular and believe in it.

wake up man Iraq ruled by democracy and box ballot. And you say you're not sectarian while you dripping sectarianism.

We used to be that way until your Wahhabis popped up.

This is another Othman dress you start using.
Wilayet Alfaqeeh is an Iranian way of rule. Not Iraqi Sir. you are so obsessed with it even the west try to live with it but Wahhabis can't that's your business.

I can't believe you I swear how in the world you saw me proud of what happen to them why should I to be honest I still remember my father talk with pain about them so why should I man chill out please.

May Allah grant them the mercy.

In Regards to the Sunnis in Iraq trust me you're misinformed about them I swear shiite wont kill any one just been sunni this is the propaganda of al saud.

Look what happen to us just because we want to change.

Thanks I don't answer for this because I know you just never understand me.

Ramadan Kareem.

I am happy about that. I thought that you wanted more misery to reach the Arab and Muslim world and more killing because you dislike the regime of country x or y. This is good to see.

I know that you are Iraqi but you mentioned Iran before so I told you that I do not care about this deal which is quite frankly bad for Iran. They could have done this deal 30 years ago instead they were sanctioned and isolated for no reason losing hundreds of billions of dollars in the process. Anyway not our (Arabs) problem.

Shia Islam originated in Hijaz just like Sunni Islam, Sufism etc. Shia Islam belongs to the Arab world and millions of Arabs are Shias including in KSA.

I haven o problem with Shias at all and consider them brothers and sisters especially the Arab ones obviously.

I am against Wilayat al-Faqih fans/followers/sheep. Now I have written this 1000 times on PDF I think.

It will happen because it happened in Europe where there are 100's of different nationalities and 100's of different languages and cultures. We, the Arabs, are in general very close from Morocco to Oman. Only few differences overall although we have rich and diverse cultures that must be celebrated.

Iraq is not a fully democratic system yet (far from it) but it has improved a lot since the era of Saddam and his predecessors which is good. I want to see more active participation by the people in KSA and most GCC countries too and it will for sure one day happen. It's impossible not to happen.

I don't know what "Wahhabi" is and I am not one. Saudi Arabian students (almost 70.000 just in the US only Chinese, Indians and South Koreans have more students in the US) have great relations with all Arabs regardless of sect and so have I in France and Denmark.

Yes, which is why I am saying that they should stick their Wilayat al-Faqih to Iran and not spread it all across the Arab world as we do not want it! Shia as non-Shia.

Not only them but all other innocent victims of wars in our region.

I am talking about the ordinary Iraqi Sunni Arabs and Sunnis. Most are normal people. Saying anything else is falling victim to propaganda. It's like saying that all Shia are evil.

I am saying that there are some so-called Iraqi Shia Arabs cheer for murder of civilian Sunnis in Fallujah, Mosul, Baghdad etc. This is part of a problem currently in the Arab world. Just like there are some so-called "Saudi Arabians" who cheer for the death of civilian Zaydi Yemenis. It's all very wrong and shameful as we are all Arabs and neighbors. Read again what I wrote.

No, everyone is at fault especially leadership and many religious leaders. This is a fact. It must change.

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Didn't think I would see this happen. They've been running huge surpluses since forever.
Though recently (last quarter or two) their exports are down, forex reserves taken a dip, BoT along with it. Growth has also dipped. But because of those huge surpluses, debt to GDP ratio is still incredibly low, meaning even twice or thrice this number won't hurt em much.

Anyone with sectarian ideals will be a terrorist, do you hold them? If so , Yes you are a terrorist and filthy human being.

This is a sound philosophy. Nowhere in our time has terrorism existed without sectarianism.
 
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Didn't think I would see this happen. They've been running huge surpluses since forever.
Though recently (last quarter or two) their exports are down, forex reserves taken a dip, BoT along with it. Growth has also dipped. But because of those huge surpluses, debt to GDP ratio is still incredibly low, meaning even twice or thrice this number won't hurt em much.



This is a sound philosophy. Nowhere in our time has terrorism existed without sectarianism.
The reserves still stand above $700 billion I think, but that is NOT for the people but the royals and their safety money to pay off dissenters or sustain their palaces and escapes in London and Geneva.That is in addition to the other hundred billions or trillion that the House of Saud may have stashed in their own names elsewhere.
 
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All military rulers have poor management skills. Qassem wasn't an exception. All military rulers do nothing but propaganda, and internal political assassination. Modern Iraq didn't see much light except for the short period of the Royal era 1921-1958. Despite it being very short in terms of nations building, it has established all the foundations of a modern progressive state. It was the communists, leftists, Bathist, and Arab nationalists that ruined it all. Thanks to the English and their superb nations building abilities. It was the English and the relentless efforts of Nori Pash Al Saeed. that found a solution for بين العجم والروم بلوى ابتلينا.

I mean a solution for cutting any sectarian based foreign intervention. The Persian claim of protecting Shia, and the Turkish claim of protecting Sunnis (or any other countries). I would never thought of praising colonialism, but after seeing what nationalists have done, I was very comfortable in changing my mind. From Honk Kong, to Singapore, Malaysia, New Zealand, Australia, Canada, Bahrain, and the UAE. It was a number of English men that made these countries prosperous oasis. Painful to say, but sadly true.
Why your nation support a military dictator against the real elected president but its against the removal of non elected one in Yemen
 
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The reserves still stand above $700 billion I think, but that is NOT for the people but the royals and their safety money to pay off dissenters or sustain their palaces and escapes in London and Geneva.That is in addition to the other hundred billions or trillion that the House of Saud may have stashed in their own names elsewhere.

The offices of the current New Scotland Yard have been bought by the Abu Dhabi group. The Shard in London has holdings by Qataris. Apparently they wanted to buy Ferrarii S.p.A, but it was refused, citing that it was an important piece of modern Italian culture.

It is amusing how the desis flock to the Arab lands in GCC to stash their own money and prop the cities there, yet the Royals stash their billions in Europe/USA and now in Chinese tech companies.

The world's largest Sovereign wealth fund is that of Norway, invested for the purpose of future pensions........(no surprises there)
 
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I think the oil price will go lower... much lower once Iraqi, Iranian, Russian, and American Shale oil flood the market. That would be a bad time for Saudi. But the Saudis I think have contingencies for that whatever it may be.
@Saif al-Arab , buddy can you elaborate the impact of the low oil price on Saudi? Thanks!
 
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Saudi Arabia borrows $4bn as oil price reality hits home

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©Reuters
Saudi Arabia has borrowed $4bn from local markets in the past year, selling its first bonds for eight years as part of efforts to sustain high levels of public spending as oil prices slump.

Fahad al-Mubarak, the governor of the Saudi Arabian Monetary Agency, said the government would use a combination of bonds and reserves to maintain spending and cover a deficit that would be larger than expected.

“We expect to see an increase in borrowing,” he said, according to a report in the economic daily Al-Eqtisadiah newspaper over the weekend. Analysts have estimated a deficit of about $130bn this year. The government, which had not tapped bond markets since 2007, has been dipping into its large foreign reserves, which peaked at $737bn last August, to sustain spending on wages, special projects and the Saudi-led air war on Yemen. It has drawn down $65bn since oil prices fell.

Bonus payouts for state employees and the military made by the new king, Salman bin Abdulaziz Al Saud, have placed further pressure on state coffers. “Reality is hitting home, and necessity is also hitting home,” said John Sfakianakis, director for the Gulf region at Ashmore, a fund manager.

Saudi Arabia needs an oil price of $105 a barrel to meet planned spending requirements, but the average price for the year is estimated at $58 a barrel, he said. “If the government continues business as usual and draws down like this it will deplete reserves faster than expected, by the end of 2018 or early 2019,” added Mr Sfakianakis.

The issuance of domestic bonds should ease the rate of drawdown on Sama’s overseas assets, which declined to $672bn in May. The domestic bond programme marks a shift in strategy as the sustained slump in oil prices takes its toll on Saudi finances.

Analysts initially doubted that the government would respond to the fiscal challenge by borrowing, seeking to avoid the parlous state of the state coffers in the late 1990s when domestic debt had risen to about 100 per cent of gross domestic product. Saudi domestic debt had fallen to 1.6 per cent of GDP at the end of 2014.

But analysts say the oil-price decline could be more profound than initially thought. Sama forecasts GDP growth to decline from 3.5 per cent in 2014 to 2.8 per cent this year. Non-oil sector GDP growth, which is vital for creating jobs for the growing legion of unemployed youths, is expected to decline from 5 per cent to 4.7 per cent over the same timeframe.

The government’s sovereign issuance will provide a benchmark for other private sector and state-related entities looking to borrow from capital markets, diversifying sources of funding away from a banking system that could see liquidity fall on lower oil prices.

The regulator has made reforms in debt capital markets a priority this year after opening up its large domestic market to foreign asset managers last month. The IMF is urging the government to trim spending on public sector salaries and subsidies to improve the fiscal balance, but reforming payouts to a population used to state largesse could trigger a potentially negative political impact. Given the size of the deficit, Riyadh may choose to extend its sovereign bond programme to international markets to allow local institutions to continue to fund the domestic private sector. “They will have to turn to overseas markets eventually,” said one Riyadh-based executive with a foreign lender.
http://www.ft.com/intl/cms/s/0/2fd630a8-2899-11e5-8db8-c033edba8a6e.html#axzz3fiQBUXbo

@Arabian Legend @al-Hasani @user1 @Hakan @Frogman @JUBA @Slav Defence @faisal6309 @Counter-Errorist @khanboy007 @AUz @ranjeet @yesboss @Avik274 @Al Bhatti @Saif al-Arab @Metanoia @Pakistani Exile

KSA should release HIJAZ as a separate Muslim State of the world. Where the Security should be of a combine military force from Muslim world and not of AL-SAUD.
 
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NAH some people are hyping it too much Saudi is not becoming poor or anything
 
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