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Saudi Arabia Economy : From Domination to Collapse

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Saudi Arabia, the nation with its wings spread wide and in an ode to modernize, is on the brink of catastrophic collapse today. With the Saudi Arabia economy on the verge of collapsing, post oil , it’s Crown Prince Mohammad bin Salman is facing the heat. According to the UNCTAD World Investment Report, published in June 2018, the inward FDI into Saudi Arabia economy has seen a tragic fall.  For the year 2017, inward FDI amounted to just $1.4 billion, down from $7.5billion in a years’ time, making it one of the worst years for the Kingdom.

Now, what is deteriorating Saudi Arabia’s Condition, is it getting exploited or readily doing it?

It was in the 1973 that King Faisal imposed an embargo against the nations supporting Israel in the Fourth Arab-Israeli war. The effect on the west was such colossal, that it doubled the price of crude oil and reduced the supply to markets. It also prompted a clear theory about the bargaining power of Saudi Arabia.

However, as the embargo got lifted in 1974, the theory began to change. Today, Saudi Arabia’s bargaining power has become pretty nominal. With the world losing interest in its economy, the nation is also itself engaged in depleting its current condition. Despite, economic deterioration it has engaged itself in Yemen civil war, diverting its economic fund to major drain of resources. For example, the Saudi-led coalition has continuously engaged itself in mass killing of Yemeni civilians, and the economy’s major fund is invested into capturing the Yemen’s Hodeida Port. The US on the other hand has also continuously supplied the weapons to the nation, which are used in mass killing.

According to a stat issued by UNCTAD, inward investment in Saudi was as much as $12.2billion in 2012, which has only declined since it first started war against Yemen in 2015.

Also, according to a report recently published by the Associated Press, the Saudi-led coalition is recruiting the members of al-Qaida and funding them to fight against the Yemeni houthi’s. Though the US denies its involvement at any stage with al-Qaida, but its ally Saudi-Arabia is continuously funding them. Shockingly, what is United States exact purpose draws out another controversy here.

In a report published by ‘The Independent’, US pressurized Saudi Arabia to pump in more oil, ignoring its depleting state of natural resources. The reason behind which, is believed to be the sanctioning of Iran. Besides, the experts have already stated that any forceful increase in production of oil will be temporary and it also may not be sustainable over a longer period of time. However, that is what solves the Trump administration’s problem.

Likewise, instead of strengthening its so called diversification fund, Saudi Arabia invested in diplomatic wars. Consequentially, sovereign wealth fund of Saudi Arabia has dropped to $250 billion. Besides, a closer look at the projects signed by Saudi Arabia reveals that it needs to spend $766 billion on all the projects. With $250 billion in its wealth fund, and even assuming that it lists Aramco, it is by no means increasing the amount in its wealth fund to such an extent.

Is Saudi Arabia becoming the next proxy battleground, the answer looks like, a big yes. The Crown Prince of Saudi Arabia is now getting into all the wrong deeds, from funding al-Qaida, to promoting the mass killing and pumping more oil under pressure, and hence losing its hold on the economy.

Therefore, the misfit impulsive decisions taken by Saudi are now coming back to haunt the nation and its people, with an economic collapse that barely has an escape. Besides, the extent of opaque vision and the clouds of destruction might soon engulf the nation and destroy it completely, as the citizens of its country continue to hope for a better tomorrow.

Football

What’s Magnetizing Saudi to Bid for Manchester United Time and Again?

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Saudi Arabia bids to buy Manchester United, premier league

Rumours about Saudi’s bid of taking over the Premier League Club, Manchester United, keep coming out in the media. Recently, it was reported that Saudi Crown Prince, Mohammed bin Salman (MbS) offered £3.8bn takeover bid of the club.

However, in a statement on Monday the nation dismissed its plans of taking over the club. The news is “completely untrue,” Saudi information minister Turki Alshabanah wrote on Twitter.

According to the sources, “The club held a meeting with the Public Investment Fund to discuss an advertising sponsorship project, and the Fund listened to the proposals as any investment and did not produce any results,” Turki Alshabanah said.

Despite that it cannot be said for how long can Saudi stick by its guns. Even back in October last year, the Kingdom made an offer to acquire the club, but could not capitalize on the opportunity following the claims of murdering Saudi Journalist, Jamal Khashoggi.

The Need of the Hour

Managing image in the West has been the Kingdom’s topmost priority for a very long time. Even as recently as last week the Journal reported that the nation’s collaboration with the Western media was exposed hoaxing MbS’ reform.

The Crown Prince had reportedly signed a deal with Vice Media, under which the media house was directed to produce documentaries and influence the Western nations.

Manchester United has bagged the coveted Premier League Trophy 13 times, more than any other club in the history, and maybe this is what brings the Saudis to the table. The club is currently owned by Glazer family, who purchased it in 2005 for £790million.

Besides, Saudi’s close aide and long-time ally, UAE, has successfully been spreading their message of positivity all over the world using football as a tool.

This is especially the case because the City’s owner, Sheikh Mansour bin Zayed al Nahyan, belongs to the royal family of Abu Dhabi. Together with Khaldoon al-Mubark, his youthful executive and advisor to royal family, he holds the key to delegate how the management works.

In fact, UAE doesn’t stop here, the Emirate has found its own City Football Group (CFG) and it owns or co-owns six clubs across four continents. The group, as reported by the Guardian, has contracted more than 240 male professionals, and two dozen women.

The UAE’s bridge to the West is exactly what the Kingdom aims at replicating by trying to reach Manchester United. Therefore, the probability of owning the club to promote the national image is still on the cards for them.

Conversely, Saudi-UAE have raged a war against humanity in Yemen, killing more than 10,000 people. Both nations have also continuously faced the heat over the detention of human right activists, and for barring people to express what’s right. However, big strides in the West aimed at fixing and building reputation is what the two gulf nations have continuously worked on.

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UK Outraged by Trump’s Threat of Releasing 800 ISIS Fighters

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The US forces fighting in Syria captured some 800 ISIS fighters that it wants the EU to take into custody, not doing which will result in their release. The threat came from US President Donald Trump who has been exceptionally vocal about his views, even though bizarre, especially on Twitter. The threat has left most of the European officials angered while others, a bit confused in disappointment. The said reaction was witnessed recently at the Munich Security Conference, held in Germany. The event saw European officials and security experts outraging over Trump’s statement on releasing 800 ISIS fighters on EU’s failure in taking them back.

While other countries of the likes of France, have come forward with the solution of taking back their ex-Jihadists, UK, on the other hand has shown resistance. The UK government has especially expressed the confusion, keeping in mind the wives and children of the fighters who pose challenge in the decision making. Therefore, the government is now uncertain about releasing a final verdict on the fighters, whether or not to prosecute them.

Another option considered is to ensure stopping the fighters from carrying out any sort of terrorist activity in their home country. Meanwhile, another condition put forth by the UK government for taking back fighters is for them to get consular help in Turkey.

The tweet in question that is said to have started the entire issue read, “The United States is asking Britain, France, Germany and other European allies to take back over 800 Isis fighters that we captured in Syria and put them on trial. The Caliphate is ready to fall. The alternative is not a good one in that we will be forced to release them.”

Foreign Secretary of UK, Jeremy Hunt as said in one of his previous interviews to an Arab media that his government is not planning to send across anymore military forces to fight in Syria. However, Hunt also emphasized on the fact that he will entertain all of US’ request.

ISIS militants have been preventing 1000’s of civilians from leaving the region, according to a Syrian Defence Force spokesperson. Shamima Begum, 19, is the latest and amongst the three Briton schoolgirls who fled the UK in 2015, joining the ISIS. Shamima then reportedly fled the enclave and was found recently in the al-Hawl refugee camp. The remarks made by President Trump about releasing ISIS fighters came at the time of an enormous transatlantic squabble going on between the military and politicians about the withdrawal of 2,000 troops from the north-west Syrian region.

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UAE Police Detains UK War Veteran Andy Neal by Falsely Extracting Confession

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The police force in the United Arab Emirates do not care for human rights. They are arbitrary, overbearing and carry the State-licence to arrest and punish individuals without any evidence of wrongdoing.

A British war veteran has been languishing in Dubai Central Prison since October 4 on cooked-up charges of ‘drug dealing’. Andy Neal was picked up from the parking lot of his apartment complex by seven Criminal Investigation Department officers. He had just returned from work. He was then taken up to his apartment where, according to rights group Detained in Dubai, he was punched in the stomach. Neal was staying with his wife and two young children and the beating reportedly took place in front of the family.

The 44-year-old Briton pleaded innocence, but no one was listening. His fate had been sealed. The officers had come to arrest, not enquire and investigate.

At the police station, he was forced to sign a document prepared in Arabic. Later, it was discovered that the forced confession said Neal bought drugs from a man called Ray and sold them to a man called Ahmed. Ahmed, the alleged accuser, is said to have retracted his statement in January. Also, no drugs were found in Neal’s possession and his blood report came negative. But it didn’t matter.

His family is severely traumatized. Neal has lost his business that he built over a period of four years. Most people know about life in a Dubai jail. It’s torturous and inmates have been known to be pushed to the brink, contemplating suicide.
Like it always does, the UAE Government continues to be a silent spectator.

Foreign Secretary, Jeremy Hunt, is back in the picture. His office is in touch with the UAE authorities. Hunt was recently seen negotiating with UAE for the release of British academic, Matthew Hedges. He was convicted of spying and given a life prison sentence.

David Haigh, a British Lawyer and campaigner for human rights, was convicted of fraud charges in Dubai and spent 22-months in prison, where he claims he was tortured and raped. According to Haigh, a prison guard told him, “Be careful, British prisoners die here.”

In 2011, British tourist, Lee Bradley Brown, was arrested by the Dubai police and died in prison after six days of custody in a controversial manner. Jamie Harron, Billy Barclay and Ellie Holman are other high-profile cases. There are reports of forced disappearances in the UAE, with many foreign nationals and Emirati citizens abducted by the UAE government and illegally detained and tortured in undisclosed locations. There is an unending list.

Yet, London says it is ‘good friends’ with the UAE. What it means is trade with Abu Dhabi takes precedence over the life and security of its own people.

It is not as if the UAE has any beef with Britain. It could be any other country. In fact, UAE is as brutal and cold-blooded with its own people. Sheikha Latifa II, the daughter of Dubai’s ruler, Sheikh Mohammed bin Rashid al-Maktoum, is a classic case in point. She had tried to flee from the clutches of her domineering family, but was caught just as she was about to make final escape.

If a royal member can be subjected to horrors, what chance do others have?

Anyone who goes to the UAE as a visitor must remember that there are no internationally accepted norms of justice in the country. Those who visit the Emirates must do so at their own peril.

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