[size=35][size=35]British investigation: This is what the Gulf states are doing with the profits of the "enormous" oil boom.. What about Iraq?[/size]
[You must be registered and logged in to see this link.]
[/size]
[You must be registered and logged in to see this link.][/size]
2023-04-11 | 04:38
[You must be registered and logged in to see this image.]
[/size]
868 views
Alsumaria News - International
The report stated that the Ukrainian war and the sanctions led to a rise in oil and gas prices, which means that oil exporters are drowning in money, as the surplus of countries in the Gulf Cooperation Council has reached: Kuwait and[You must be registered and logged in to see this link.]And the UAE and Saudi Arabia, as a result of the rise in prices to $ 350 billion in 2022, and even with the decline in prices compared to last year, it is expected that they will achieve $ 300 billion.
[ltr]
[size=16]
0 seconds of 0 seconds Volume 0%
[/ltr]
The report indicates that instead of placing the huge oil profits, which were previously called "petrodollars" in the coffers of their central banks, these countries are now using
new For debt, the magazine indicates that due to the drop in oil prices between 2014 and 2016 and then during the Corona pandemic, the Gulf countries sold some foreign assets, and their central banks sold part of their stocks of foreign currencies. But this was not enough, so I also borrowed a lot of hard currency from Western capital markets.
Now, some petro-states are taking advantage of higher prices to shore up their balance sheets. Abu Dhabi, the richest emirate in the UAE,
has paid $3 billion since the end of 2021, about 7 percent of the total amount
owed .[You must be registered and logged in to see this link.]$4 billion of its debt, which represents about 4 percent of the debt
. The volume of indebtedness in Kuwait has halved since 2020.
Gulf countries help[You must be registered and logged in to see this link.], which received $13 billion in deposits from[You must be registered and logged in to see this link.]Saudi Arabia and the Emirates.
Saudi Arabia allowed However
, these funds are more conditional than they were in the past, in the interest of those countries to recover at least some of their money. Saudi Arabia recently asked[You must be registered and logged in to see this link.]Pakistan and implement economic reforms before giving them more aid.
What is new in this regard is Turkey, which in the past relied on international institutions to help it, then it needed the Gulf states. And the Kingdom had announced that it would deposit $ 5 billion in the country’s central bank, and established[You must be registered and logged in to see this link.]The UAE is a $19 billion currency swap with its central bank, according to Al-Hurra. The magazine
notes that Saudi Arabia and the UAE, which had a frosty relationship with Turkey until recently, are now competing to impose their influence on its president, Recep Tayyip Erdogan, Who faces difficult elections in May. The other
source is foreign investments through sovereign funds
. In previous periods of prosperity, the Gulf states reinvested the proceeds in Western capital markets, in order to obtain stable returns, often from Through ultra-safe government bonds.
There was an unspoken agreement that the United States would provide military aid and buy oil from Saudi Arabia and friends, in exchange for filling the huge deficit in the American current account with petrodollars.
Now, the Gulf states no longer feel that they are Forced to woo the White House.
And on the second of April, Saudi Arabia and its allies angered the West by announcing a further reduction in crude oil production to nearly 4 million barrels per day. The data obtained by the magazine
indicate countries have become dependent on managing their wealth in investment funds in a different way. "And it has become more adventurous and less focused on the West." The data
indicates that it is looking for less traditional assets, which take time to identify, and there is a decline in bond purchases in exchange for a significant increase in the purchase of stocks and high-risk assets. Countries are also
turning to "alternative assets", which are unconventional investments with high risk compared to regular assets. These investments, which include private equity, infrastructure and hedge funds, represent 23 to 37 percent of the total assets of the three largest funds in the Gulf, according to Global SWF Corporation.
"Direct" investments and acquisitions of stakes in listed companies are also growing rapidly. A European asset manager
says : "Unless we have something unusual, we are forbidden
to offer them anything." Gulf funds have specialized teams to study markets in China, India and Southeast Asia.
“This is where they will sell more oil, so they want to invest in industries that will use that oil,”
Whilesays others are withdrawing from China, fearing a clash with the United States, the Gulf states Its position there is strongly strengthening, according to a large investor who said: "Our Gulf clients see a huge opportunity to take space from Western investors."
One of these
goals[url=https://www.alsumaria.tv/Entity/24452494/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA %D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9/ar/]Public Investment Fund[/url]Saudi subsidiaries in[You must be registered and logged in to see this link.]And[You must be registered and logged in to see this link.]And Jordan, Bahrain, Oman and Sudan, to distribute $24 billion in Arab countries. The investigation did not touch much on[You must be registered and logged in to see this link.].
These countries are also gaining ground in "strategic" industries, such as renewable energy. Last
October, the UAE's sovereign wealth fund spent $2.5 billion on a German company to develop offshore wind power.
Last year, the American company “Lucid” for the manufacture of electric cars, of which the Saudi Fund owns about 61 percent, said that it would build its first foreign factory in Riyadh. The Saudi Fund
plans on sports competitions.[/size]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
[/size]
Economy
[size][size][You must be registered and logged in to see this link.][/size]
2023-04-11 | 04:38
[You must be registered and logged in to see this image.]
[/size]
868 views
Alsumaria News - International
An investigation by The Economist magazine said that the Gulf countries, which benefited from the recent boom in oil production profits, are now recycling their profits in a new way, in light of their efforts to gain greater external influence.
The report stated that the Ukrainian war and the sanctions led to a rise in oil and gas prices, which means that oil exporters are drowning in money, as the surplus of countries in the Gulf Cooperation Council has reached: Kuwait and[You must be registered and logged in to see this link.]And the UAE and Saudi Arabia, as a result of the rise in prices to $ 350 billion in 2022, and even with the decline in prices compared to last year, it is expected that they will achieve $ 300 billion.
[ltr]
[size=16]
0 seconds of 0 seconds Volume 0%
[/ltr]
The report indicates that instead of placing the huge oil profits, which were previously called "petrodollars" in the coffers of their central banks, these countries are now using
new For debt, the magazine indicates that due to the drop in oil prices between 2014 and 2016 and then during the Corona pandemic, the Gulf countries sold some foreign assets, and their central banks sold part of their stocks of foreign currencies. But this was not enough, so I also borrowed a lot of hard currency from Western capital markets.
Now, some petro-states are taking advantage of higher prices to shore up their balance sheets. Abu Dhabi, the richest emirate in the UAE,
has paid $3 billion since the end of 2021, about 7 percent of the total amount
owed .[You must be registered and logged in to see this link.]$4 billion of its debt, which represents about 4 percent of the debt
. The volume of indebtedness in Kuwait has halved since 2020.
Gulf countries help[You must be registered and logged in to see this link.], which received $13 billion in deposits from[You must be registered and logged in to see this link.]Saudi Arabia and the Emirates.
Saudi Arabia allowed However
, these funds are more conditional than they were in the past, in the interest of those countries to recover at least some of their money. Saudi Arabia recently asked[You must be registered and logged in to see this link.]Pakistan and implement economic reforms before giving them more aid.
What is new in this regard is Turkey, which in the past relied on international institutions to help it, then it needed the Gulf states. And the Kingdom had announced that it would deposit $ 5 billion in the country’s central bank, and established[You must be registered and logged in to see this link.]The UAE is a $19 billion currency swap with its central bank, according to Al-Hurra. The magazine
notes that Saudi Arabia and the UAE, which had a frosty relationship with Turkey until recently, are now competing to impose their influence on its president, Recep Tayyip Erdogan, Who faces difficult elections in May. The other
source is foreign investments through sovereign funds
. In previous periods of prosperity, the Gulf states reinvested the proceeds in Western capital markets, in order to obtain stable returns, often from Through ultra-safe government bonds.
There was an unspoken agreement that the United States would provide military aid and buy oil from Saudi Arabia and friends, in exchange for filling the huge deficit in the American current account with petrodollars.
Now, the Gulf states no longer feel that they are Forced to woo the White House.
And on the second of April, Saudi Arabia and its allies angered the West by announcing a further reduction in crude oil production to nearly 4 million barrels per day. The data obtained by the magazine
indicate countries have become dependent on managing their wealth in investment funds in a different way. "And it has become more adventurous and less focused on the West." The data
indicates that it is looking for less traditional assets, which take time to identify, and there is a decline in bond purchases in exchange for a significant increase in the purchase of stocks and high-risk assets. Countries are also
turning to "alternative assets", which are unconventional investments with high risk compared to regular assets. These investments, which include private equity, infrastructure and hedge funds, represent 23 to 37 percent of the total assets of the three largest funds in the Gulf, according to Global SWF Corporation.
"Direct" investments and acquisitions of stakes in listed companies are also growing rapidly. A European asset manager
says : "Unless we have something unusual, we are forbidden
to offer them anything." Gulf funds have specialized teams to study markets in China, India and Southeast Asia.
“This is where they will sell more oil, so they want to invest in industries that will use that oil,”
Whilesays others are withdrawing from China, fearing a clash with the United States, the Gulf states Its position there is strongly strengthening, according to a large investor who said: "Our Gulf clients see a huge opportunity to take space from Western investors."
One of these
goals[url=https://www.alsumaria.tv/Entity/24452494/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA %D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9/ar/]Public Investment Fund[/url]Saudi subsidiaries in[You must be registered and logged in to see this link.]And[You must be registered and logged in to see this link.]And Jordan, Bahrain, Oman and Sudan, to distribute $24 billion in Arab countries. The investigation did not touch much on[You must be registered and logged in to see this link.].
These countries are also gaining ground in "strategic" industries, such as renewable energy. Last
October, the UAE's sovereign wealth fund spent $2.5 billion on a German company to develop offshore wind power.
Last year, the American company “Lucid” for the manufacture of electric cars, of which the Saudi Fund owns about 61 percent, said that it would build its first foreign factory in Riyadh. The Saudi Fund
plans on sports competitions.[/size]
[You must be registered and logged in to see this link.]
Today at 7:20 am by Rocky
» Did Barzani agree in Tehran to end the presence of Iranian groups in Kurdistan? - urgent
Today at 7:16 am by Rocky
» Al-Sudani: We are establishing a new situation for the global energy market through the Development
Today at 7:14 am by Rocky
» Al-Sudani: The government program devoted a wide scope to the government’s vision for oil and gas in
Today at 7:11 am by Rocky
» Al-Awadi: Ending the work of the UNAMI mission is consistent with the government’s vision in this fi
Today at 7:10 am by Rocky
» utube 5/9/24 MM&C 0:02 / 46:46 PM - Al-Sudani - Golden Opportunity - Private Sector - Contra
Today at 5:34 am by Rocky
» utube MM&C 5/11/24 Iraqi Dinar - IQD Update - International - IraqTiming - 2024 Budget Schedule - Sp
Today at 5:32 am by Rocky
» MM&C Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and w
Today at 5:24 am by Rocky
» The Secretary of the Ministry of Defense meets with the Commander of the NATO mission
Today at 5:17 am by Rocky
» Expert: The stability of the economy is linked to the political situation
Today at 5:13 am by Rocky
» A parliamentary request to lift the injustice against 20,000 Iraqi employees
Today at 5:09 am by Rocky
» Parliamentary Finance criticizes the government's failure to send the budget schedules
Today at 5:08 am by Rocky
» Minister of Oil: The 5th and 6th licensing rounds will take place within the framework of exploratio
Today at 5:07 am by Rocky
» Al-Sudani: Iraq is a difficult number in the global market in the field of energy
Today at 5:06 am by Rocky
» Al-Khanjar rejects Al-Halbousi’s request to head Parliament
Today at 5:05 am by Rocky
» Revealing the date of the arrival of the 2024 budget schedules
Today at 5:04 am by Rocky
» Al-Halbousi nominates Talal Al-Zubaie for presidency of the House of Representatives
Today at 5:03 am by Rocky
» "A coup in Iraqi universities"... Replacement of presidents and deans under the new education law
Today at 5:01 am by Rocky
» Al-Sudani: Iraq is a difficult number in the equation of energy and oil wealth in the region and the
Today at 5:00 am by Rocky
» Minister of Oil: We hope to announce an increase in Iraq’s oil reserves to 160 billion barrels
Today at 4:58 am by Rocky
» Iraq's mass graves...stories that did not end with the burial of their owners, and the "legacy of IS
Today at 4:57 am by Rocky
» Pictures: New licenses in Iraq to extract “huge” quantities of oil and gas
Today at 4:56 am by Rocky
» Transport reopens the Baghdad - Samarra railway line
Today at 4:55 am by Rocky
» Al-Awadi: A government decision to provide sovereign guarantees and guarantees to encourage the inve
Today at 4:54 am by Rocky
» Oil clarifies the mechanism for investing grant funds and licensing contracts
Today at 4:51 am by Rocky
» A $700 million agreement is signed between Iraq and Italy to finance these projects
Today at 4:50 am by Rocky
» Iraq recovers 90 billion dinars from social protection violators
Today at 4:49 am by Rocky
» Sudanese officially launches the two licensing rounds and sets the date for stopping gas burning
Today at 4:48 am by Rocky
» An economic vision for the standard of competition for exploratory plots in Iraq
Today at 4:47 am by Rocky
» The Iraqi Islamic Bank announces an increase in its capital to 300 billion dinars
Today at 4:46 am by Rocky
» A communication from the Ministry of Health to the Ministry of Interior in Kurdistan regarding “herb
Today at 4:44 am by Rocky
» Popular agreement to end the “cancer towers” crisis in the oldest villages of Diyala.. Document
Today at 4:42 am by Rocky
» What is the reason for OPEC's decision to stop publishing its estimates of the volume of global dema
Today at 4:41 am by Rocky
» It includes 29 projects in 12 governorates.. Launching the fifth supplementary licensing round and t
Today at 4:40 am by Rocky
» Among them are 8 Chinese companies...an economic view of the criteria for competition over explorato
Today at 4:38 am by Rocky
» Sudanese: Gas burning will stop within 3-5 years
Today at 4:38 am by Rocky
» With the extension of its legislative term.. Will the Iraqi parliament succeed in resolving the budg
Today at 4:36 am by Rocky
» Al-Sudani's angry message to Guterres: We do not need UNAMI.. Describe your belongings and leave
Today at 4:35 am by Rocky
» As a result of corruption charges... Parliamentary signatures were collected to dismiss the director
Today at 4:33 am by Rocky
» 13 countries are competing for 29 fields, and Anbar and Muthanna have the lion’s share... Details of
Today at 4:30 am by Rocky
» Ending the international coalition’s mission...negotiations may take more time
Today at 4:29 am by Rocky
» Oil reveals a mechanism to support services and establish infrastructure projects in the producing g
Today at 4:27 am by Rocky
» Al-Hakim: The future cannot be mortgaged to volatile oil prices
Today at 4:26 am by Rocky
» The New Generation Movement files a lawsuit to dissolve the regional government: It is unable to mak
Today at 4:24 am by Rocky
» Al-Sudani: The government program devoted a wide scope to the government’s vision for oil and gas in
Today at 4:23 am by Rocky
» Al-Rafidain: Loans for purchasing residential units start from 5 to 150 million
Today at 4:21 am by Rocky
» Iraq launches a new licensing round to develop oil and gas fields
Today at 4:20 am by Rocky
» Signing an agreement between Iraq and Italy to finance industrial projects worth $700 million
Today at 4:19 am by Rocky
» Minister of Oil: Soon we will announce the increase in Iraq’s oil reserves to 160 billion barrels
Today at 4:18 am by Rocky
» The Chinese company ZPEC wins the investment in the East Baghdad field - the northern extensions
Today at 4:17 am by Rocky
» utube 5/9/24 Iraqi Dinar | Ali Alaq Announced New Rate Finally Showing New Rate On Tv Screen | Din
Yesterday at 4:55 pm by Rocky
» A leader in the National Bank: We are committed to the federal decision and to postpone the election
Yesterday at 9:28 am by Rocky
» Al-Hakim: Iraq's future cannot be mortgaged to volatile oil prices
Yesterday at 9:24 am by Rocky
» The conflict of the corridors: the path to development from a historical perspective and the door to
Yesterday at 9:22 am by Rocky
» The Kurdistan Region demands that the federal government spend 1.1 billion dinars.. What is the reas
Yesterday at 9:21 am by Rocky
» Tomorrow, Iraq is preparing to launch a complementary round of gas licensing
Yesterday at 9:19 am by Rocky
» A government move to restore the funds of the Trade Bank of Iraq
Yesterday at 9:17 am by Rocky
» The Central Bank informs France of plans to restructure the banking sector
Yesterday at 9:15 am by Rocky
» A government advisor reveals the fate of the budget tables
Yesterday at 9:13 am by Rocky
» Iranian mediation between Baghdad and Erbil... Revealing the most prominent files of Raisi’s visit t
Yesterday at 9:10 am by Rocky
» Reconstruction and development is a priority.. A parliamentary committee follows up and monitors gov
Yesterday at 9:08 am by Rocky
» Al-Hakim comments on the agreements concluded with Türkiye and confirms: Iraq is on the right path
Yesterday at 9:06 am by Rocky
» Tomorrow... Iraq takes a step that will give it gas equivalent to 200% of imported Iranian gas
Yesterday at 9:04 am by Rocky
» A long and disturbing message.. The Iraqi government “blames” the United Nations because of “other p
Yesterday at 9:00 am by Rocky
» The Governor of the Central Bank and the French Ambassador discuss developments in the banking secto
Yesterday at 5:18 am by Rocky
» Al-Bajari: Iraqi companies will have a great opportunity to work after opening the door to investmen
Yesterday at 5:16 am by Rocky
» Transparency: Imports from Sulaymaniyah and Halabja during the past week amounted to more than 10 bi
Yesterday at 5:13 am by Rocky
» Al-Sudani: The delayed projects left great damage to the level of services in Babylon
Yesterday at 5:12 am by Rocky
» Economist: The fluctuation of the dollar is “the balance of speculators”
Yesterday at 5:10 am by Rocky
» {Al-Furat News} publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq
Yesterday at 5:08 am by Rocky
» A former MP accuses Türkiye of transferring its conflict with the workers to Iraq
Yesterday at 5:05 am by Rocky
» A call to the Sudanese to remove American forces from Iraq
Yesterday at 5:03 am by Rocky
» Oil Parliament: Ankara holds Erbil responsible for the oil fines it owes
Yesterday at 5:02 am by Rocky
» The government is silent...the reality of removing American forces from Iraq
Yesterday at 5:01 am by Rocky
» The radiation protection law in the first session of the next legislative term
Yesterday at 5:00 am by Rocky
» A Spanish company raises controversy and a representative reveals a parliamentary movement against i
Yesterday at 4:59 am by Rocky
» Sudanese officially requests the end of the United Nations mission in Iraq / documents
Yesterday at 4:58 am by Rocky
» Because its sessions were not held, the Kirkuk Council faces a judicial complaint, and its members d
Yesterday at 4:56 am by Rocky
» Former US Chief of Staff: We slaughtered huge numbers of innocent people in Iraq and other countries
Yesterday at 4:55 am by Rocky
» The Association of Private Banks counts the percentage of shares traded on the stock market during a
Yesterday at 4:53 am by Rocky
» The European Union and Iraq agree to increase cooperation between them
Yesterday at 4:52 am by Rocky
» American Bank: Expectations to increase Iraq’s oil capacity in 2025
Yesterday at 4:50 am by Rocky
» Central Bank Governor to the French Ambassador: The plan to restructure government banks will change
Yesterday at 4:48 am by Rocky
» Integrity confirms working to conclude a memorandum of understanding with the Kuwaiti Anti-Corruptio
Yesterday at 4:47 am by Rocky
» Highlights of the Prime Minister's visit to Babylon
Yesterday at 4:46 am by Rocky
» The Minister of Transport discusses with a Turkish delegation the latest developments in the develop
Yesterday at 4:44 am by Rocky
» Free of charge.. Issuing approximately 13 thousand unified cards for those covered by social protect
Yesterday at 4:42 am by Rocky
» A parliamentary committee advises the government to deter trespassers: Slums are one of the reasons
Yesterday at 4:41 am by Rocky
» Embassy Protection confirms to “Baghdad Today”: The missions are safe and we have taken proactive me
Yesterday at 4:38 am by Rocky
» Water resources resolve the controversy of the “Wadi Al-Tea” project.. It will nourish the Hamrin ic
Yesterday at 4:37 am by Rocky
» After approving the National Security Strategy...a parliamentary movement to host “responsible” figu
Yesterday at 4:36 am by Rocky
» Al-Hakim calls for the distribution of plots of land to the families of the martyrs of the Popular M
Yesterday at 4:34 am by Rocky
» Order 160 Committee completes the “port scandals” papers... and searches for a legal outlet for impl
Yesterday at 4:33 am by Rocky
» It revealed the details of its contract with four companies to complete the census requirements... P
Yesterday at 4:31 am by Rocky
» Egypt, Morocco and Qatar praise the Iraqi Integrity proposal to establish the Arab Law Enforcement C
Yesterday at 4:30 am by Rocky
» The Iraqi Parliament enters its legislative recess and requires holding an “extraordinary” session o
Yesterday at 4:28 am by Rocky
» The Sudanese has not rested since the morning.. He carried out 12 activities and allocated a trillio
Yesterday at 4:27 am by Rocky
» Blinken's agent: Erbil is a strategic ally of Washington in a 360-degree relationship
Yesterday at 4:25 am by Rocky
» Oil seeks to convert refinery products to “Euro 5”... high quality and environmentally friendly
Yesterday at 4:24 am by Rocky