The difference in Starbucks displayed logos in Saudi Arabia versus the rest of the world suggests how desperate sometimes the American companies become to get a footstep into the Kingdom’s market due to its large size, regardless of any regular business practice which “stick to your brand” is probably the most important.
For all those sad and extremely shocked people who in the current stock market crash thought that they have lost some or maybe all of their investment, please look at these individuals…
The financial crisis in the US, especially after the collapse of Lehman Brothers investment bank, forced Prince Alwaleed Bin Talal, the 19th richest person in the world, to rethink of pulling his investment in the US back to Saudi Arabiam where he claimed to be the safest place nowadays. I don’t blame him, the situation up there sounds shaky, it doesnot mean safest here in the Gulf either, I wonder what’s the safest place now! [The Story – arabic]
I wonder how long this would take… [The Story]
There is this site oil-price.net mentioning in of its articles by Steve Austin the percentage of profit the producers gained after the recent soar of the cured oil prices. Surprisingly, Kuwait has the lowest breakeven price of $17, thus making it on the top of the list of the most profitable countries at 488%. It also say “This level of profitability explains the recent $7.5 billion placement in troubled Citibank from the Abu Dhabi Investment Authority, the $1.8 billion investment in UBS by a strategic Middle East investor and the 20 percent acquisition of the London Stock Exchange by the tiny nation of Qatar“!