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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (114001)10/30/2015 1:33:10 PM
From: Elroy Jetson  Read Replies (2) | Respond to of 217588
 
The Special Forces team of 50 will be carrying out assassinations of top ISIS leaders.

These are the former Generals of Saddam Hussein who founded ISIS while in US military custody. It seems we owe it to the the region to finish what we left undone.



To: Haim R. Branisteanu who wrote (114001)10/31/2015 1:32:53 PM
From: elmatador  Read Replies (1) | Respond to of 217588
 
Blame Oil: Saudi Arabia Gov’t Dollar Debt Downgraded
By Dimitra DeFotisStandard & Poor’s Ratings Services cut Saudi Arabia’s government foreign-currency credit rating to A-plus from double-A-minus Friday.

The rating is four notches below the top triple-A rating, but still admirable compared to many other developing markets.

The oil producer is facing a budget deficit as the price of oil remains stubbornly below $50 per barrel, an important production threshold. S&P projected the Saudi fiscal shortfall will increase to 16% of GDP this year from 1.5% last year, MarketWatch reports.

The country still has significant rainy-day reserves to tap. But the downgrade is not well timed. In June, Saudi Arabia eased foreign ownership restrictions for its mostly-retail domestic stock market. Access remains limited to investors with at least $5 billion in assets and a five-year track record. At the time, John Sfakianakis, the Riyadh-based director of Middle East research for asset manager Ashmore Group, told Barron’s he thought Saudi stocks might be included in the MSCI emerging-country index within two years.

The new iShares MSCI Saudi Arabia Capped exchange-traded fund (KSA) fell 0.6% Friday; the ETF fell 1% in October, while the WisdomTree Middle East Dividend Fund ( GULF), up 0.4% Friday, tumbled 2.4% in October. The Market Vectors Gulf States Index ETF ( MES) fell 1.4% Friday, and fell 2.3% in October.