#saudi-arabian-funding

#saudi-arabian-funding

A 'workable system' of transit and shipowner confidence in the security of the transiting vessels is essential. This includes availability of insurance for transiting vessels, facilitating commercial trade financing, and sustained outbound vessel transits through the Strait of Hormuz.

Instead of trying to predict whiplashing oil prices, consider investing in energy ETFs like the Invesco WilderHill Clean Energy ETF and First Trust North American Energy Infrastructure. These ETFs provide exposure to sectors such as pipelines and shipping, independent of oil price fluctuations.

The global misery caused by Iran's closure of the strait demonstrates a clear need for long-term solutions that are solidly rooted both in law and in fact.

"This is a system shock," says Nigel Green, CEO of deVere Group. "You have a material energy supply disruption and a structural shift toward fragmentation."

The so-called 'petrodollar' system wasn't well understood for most of this time, but a secret deal between Henry Kissinger and Saudi Arabia ensured the dollar would remain the dominant reserve currency.

Cathay Pacific has cancelled all flights to and from Dubai and Riyadh until at least 31 May, allowing customers to rebook, reroute, or refund their tickets.

The ongoing conflict between the US and Israel against Iran is creating significant challenges for Gulf Arab nations, which are already feeling the economic strain from rising tensions and instability in the region.

Saudi Arabia just made its most aggressive move yet in that generational project. The kingdom announced a new $40 billion technology investment fund, developed in partnership with American venture capital heavyweight Andreessen Horowitz (a16z), aimed at positioning Saudi Arabia as a global hub for artificial intelligence, cloud infrastructure, and advanced computing.

After a decade of big spending, Saudi Arabia is scaling back some massive Vision 2030 "gigaprojects" due to falling oil prices and budget constraints. What does this mean for the nation's big cultural projects and investments? Plus, all eyes are on the Gulf this week as the first edition of Art Basel Qatar gets underway. Plus, the NFT platform Nifty will shut down this month.

The global impact of the Gulf countries is not limited to oil. This region is a hub of the international economy and if it decides to focus on its defense and to start pulling investments and to stop its [economic] engagement with the international community, the effect will be felt in every household in the world.

Syria and Saudi Arabia have signed a major investment package spanning aviation, energy, real estate and telecommunications as Damascus's new leadership seeks to rebuild after a devastating 14-year civil war. Syrian Investment Authority chief Talal al-Hilali announced a swath of deals on Saturday, including the development of a new international airport in Aleppo, the launch of a low-cost Syrian-Saudi airline, and a telecommunications project called SilkLink aimed at turning the country into a regional hub.