Taimoor Khan
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How does this effect the upcoming Aramco shares sell? people removed were pro Americana? I think Al waleed was. He got business in West.
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It won't be affected much.. it might go on or might be delayed, since there is talk about the IPO to be done in the Saudi financial market instead of abroad (While Trump is pushing very hard for it to be done in the NYSE).. The corruption money recovered will be much more than the IPO itself.. so, let's wait and see..How does this effect the upcoming Aramco shares sell? people removed were pro Americana? I think Al waleed was. He got business in West.
and this is why kids we got democracy.... its imperfect but not prone to such weird sh*t...
even if his intention is right and you support the move, you should be very concerned about the way this happened, if you are a saudi.
poor attempt at sarcasm.. I have nothing against reform, or fight against corruption... but the way it is done is dangerous.. tomorrow the same person after amassing too much power might behave like saddam...Yes, Saudi Arabians should really be concerned that corrupt princes, officials and ministers are arrested or dismissed due to a corruption probe. Such a bad thing. Especially when only ordinary hard-working people are targeted and not some of the most influential people in KSA, the region and arguably the world, with a long track-record of questionable businesses, shady deals, incompetence (2009 Jeddah floods), secret arms deals etc.
Such a horrible thing to occur. I am deeply worried as I might be next. In fact all the recent promising reforms on almost all fronts in KSA are in general a very horrible thing. People are deeply concerned about this and not happy at all. Irony might have been used here.
Yes, Saudi Arabians should really be concerned that corrupt princes, officials and ministers are arrested or dismissed due to a corruption probe. Such a bad thing. Especially when only ordinary hard-working people are targeted and not some of the most influential people in KSA, the region and arguably the world, with a long track-record of questionable businesses, shady deals, incompetence (2009 Jeddah floods), secret arms deals etc.
Such a horrible thing to occur. I am deeply worried as I might be next. In fact all the recent promising reforms on almost all fronts in KSA are in general a very horrible thing. People are deeply concerned about this and not happy at all. Irony might have been used here.
poor attempt at sarcasm.. I have nothing against reform, or fight against corruption... but the way it is done is dangerous.. tomorrow the same person after amassing too much power might behave like saddam...
to repeat, just because you like his reforming agenda does not mean you should not be concerned about tomorrow, very often absolute dictators start their career with popular moves(and quite possibly noble intentions).
The relationship between what is happening with Vision 2030 and economic growth is a life or death relationship. Corruption has a strong ability to steal the wealth of the nation and impoverish its people. The more corrupt the country, the lower its economic growth rate. The impact of corruption on the citizen and investor can be seen in two points:
1 - High prices .. A trader who pays a bribe will pass that cost (bribery) to consumers (property).
2 - The decline in foreign direct investment and the accompanying decline in GDP and inflation (the Saudi 2030 vision depends mainly on this point).
The best example of these shortcomings to the economy is Pakistan, where according to most Pakistani brothers on this Forum, corruption is the main cause of the low growth rates during the last few decades..
No one has ever said that purging Sharif was a coup..in reality combatting corruption is a necessity for every country with a will to advance in the right direction..Pakistan has shown that it wants to advance and Saudi Arabia is showing it will as well.. China is leading in this field (going as far as the death penalty for corrupt officials and billionaire businessmen), and the results or impacts on the economy have been astonishingly positive..
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my info comes from international news sources, like bbc, there was a purge to consolidate power, you can call it anti corruption drive, or may be it is both?It is sarcasm because you are commenting from a position of ignorance. From a uniformed position and making inaccurate conclusions when there is no reason for that.
By all accounts this is a very positive thing unless you are a proponent of large-scale corruption, neglect and lack of accountancy.
I have to laugh. Did I see that correctly? You are simply comparing MbS with Saddam Hussein. Ok bye.
my info comes from international news sources, like bbc, there was a purge to consolidate power, you can call it anti corruption drive, or may be it is both?
we dont know if it is a positive thing or not, yet. Anyway my point was towards people who believe that democratic process is slow and weak and prone to corruption.
I did not compare MS with Saddam... you are an expert in changing words it seems.
Instead of acting as an unpaid shill for the regime that is currently in power, try to understand the wider issue. If you think your life is at risk, then don't, do carry on with your posts. cheers.
The BBC said the purge was done before this, it was done along the purge of some religious authorities, so do not mix things up.. this is a different purge that concerns corruption only.. As one can see from different events in Saudi Arabia, it never lowers itself to twisted moves to get rid of opponents to its best line of policies, it has always based the dismissal of princes or other influential people on publicly removing them.. clear and simple..my info comes from international news sources, like bbc, there was a purge to consolidate power, you can call it anti corruption drive, or may be it is both?
we dont know if it is a positive thing or not, yet. Anyway my point also was towards people who believe that democratic process is slow and weak and prone to corruption and look towards authoritarian regimes with envy.
I did not compare MS with Saddam... you are an expert in changing words it seems.
Instead of acting like an unpaid shill for the regime that is currently in power, try to understand the wider issue. If you think your life is at risk, then don't, do carry on with your posts. cheers.
BBC knows what exactly about corruption in KSA? BBC has now become the holy grail of journalism? The same BBC that has reported inaccurate news 1000s of times? What are BBC's sources in KSA? I am yet to see them write a single article about corruption in KSA in the past.
Frank Gardener (I like him and I have even met him in person) is a great guy but he is no expert about KSA nor does he live in KSA or have many inside sources. He is often the guy that is interviewed by the mighty BBC. Is that supposed to mean something?
A few days ago the BBC had some former Somali (I am sure that she is a nice lady) lady that lived in KSA 10 years ago to comment on whether reforms in KSA were genuine or not. Are you pfucking kidding me? A nobody basically that lived in KSA ages ago is now going to judge that. What are her credentials exactly to even make such a judgement? Give me a break.
Just look at the moronic title. "The next Dubai" as if that is the goal of KSA. Just dumb, dumber and dumbest in action whoever made this thread title or initiated the discussion. Just shocking how poor, biased, one-sided, lacking and non-detailed coverage of affairs in KSA are by large.
It's the easy way out. MbS (actually it is King Salman that has the final say but whatever) suddenly woke up after 2 years and decided to jail random people and just those people.
Various corruption scandals, secret arms deals, Mutaib trying to turn the National Guard into his own personal guard, the scandals and neglect involving the 2009 Jeddah Floods, the scandals involving Saudi BinLadin Group etc. are all made up.
Why mention Saddam Hussein then when MbS is a world apart as well as KSA of 2017 and Iraq of the late 1970's or even 1990's? It's just stupid. No other word for it.
I am 1000 times more well-informed than you are and the last thing I am is a blind sheep. I have criticized those individuals that have been apprehended or dismissed here and elsewhere many times. As well as the government whenever I have disagreed with them. This is something that most people in KSA do. Saudi Arabians are not blind robots or disconnected from the world. Rather the opposite, Saudi Arabians are some of the most connected people to the outside world (Saudi Arabians have the highest use of social media in the world per capita), are well-travelled, generally very well-off and well-educated. This is not Afghanistan with all due respect.
Even if it was a consolation of power I support it 100%. Do you know why? Because what MbS has done so far and kickstarted (Saudi Vision 2030 etc.) is 1000 trillion times more important than the personal wishes and "immunity" of high-ranking officials and princes who think that they are above the law and think that they can piss the wealth of the country and people away or "playing" their own games in a absolutely crucial time for KSA and its people.
So no, democracy has nothing to do with this. A corruption probe is a corruption probe. They will be judged based on the evidence and I will await what will happen. As of now most people are happy because they know that most of those individuals are involved in corruption. It's just how it is.
Speaking about widening your horizon or looking at the bigger picture.