Abu Dhabi

Bank Of America: This Is What $700 Quintillion Could Buy You Today

The minerals of the asteroid belt between Mars and Jupiter could be worth US$700 quintillion:  US$100bn for each of the 7 billion people on Earth at spot prices. John S. Lewis, author of "Mining the Sky", argues that an asteroid with a diameter of 1km could have a value of more than US$150 billion.

How Broke Is The House Of Saud?

"It all paints a very dark picture for the world... Russia won’t stand for attacks on Iran. And Iran won’t let attacks on Lebanon/Hezbollah go unanswered. All that is set to push up oil prices further, and all parties involved are just fine with that. Because they can buy more weapons with the additional profits."

1MDB Scandal Resurfaces As Singapore Cops Investigate Goldman's Lucrative Bond Issues

We have another instalment in the investigation into the mind-boggling level of corruption at 1MDB, (1Malaysia Development Berhad), the Malaysian state-owned investment fund. Members of the Singapore police’s economic crime unit have interviewed current and former Goldman employees with respect to the 1MDB bond offerings arranged by the bank.

In Historic Move, Qatar Restores Diplomatic Relations With Iran

Will we all look back on this moment when future historians trace the end of the GCC? Did the Saudis finally overreach in their anti-Iran fanaticism to become the authors of their own demise? The surprising emergent Iran-Qatar alliance is sure to at least be the start of a new regional order where the Saudis can no longer dictate terms no matter how many Western powers stand at their side.

Iran Threatens Trump With Restart Of Nuclear Program "Within Hours"

"Those who try to return to the language of threats and sanctions are prisoners of past delusions," Iran president Rouhani said on Tuesday. "If they want to go back to that experience, definitely in a short time — hours and days — we will return to our previous [nuclear] situation very much stronger."