Petrodollars Running Out: Saudi Arabia and United Arab Emirates introduce VAT for first time

[Che -Guevara]

The Saudis and Emirates spend billions destabilizing  the rest of the Muslim. 

 

It might come back to bite them.

[Che -Guevara]

 

[anoo kale]

VAT is a brilliant idea, it will stabilize and anchor their coffers for good. 

 

 

[Old_Observer]

Che,

Karma as the Indians say.

Next will be personal income tax

 

Oil will only get worst. There is energy systems that America and russia not giving, since both are oil producers.

[Tallaabo]

Saudi Arabia could be in trouble but the UAE, Qatar, and Kuwait will be very rich with or without oil as these states have small populations and vast investments across the world.

[Holac]

I thought the Arabs used to say it is Haram. 

[maakhiri1]

Saudi Arabia will start charging premuims on pilgrims, that is their plan B.

[anoo kale]

15 minutes ago, maakhiri1 said:

Saudi Arabia will start charging premuims on pilgrims, that is their plan B.

 

That is actually a good idea. They could make a killing out of it. 

 

 

[Old_Observer]

14 hours ago, Tallaabo said:

Saudi Arabia could be in trouble but the UAE, Qatar, and Kuwait will be very rich with or without oil as these states have small populations and vast investments across the world.

 

That is an ingenious way to look at it, but they all suffer from none being able to produce food. Your point is till valid since its less trouble to feed small popultion than a large one. Qatar being a good example of what can happen.

 

 

[maakhiri1]

They are all in trouble and forgot who they are, and dependant on oil, importing food , expatriates doing everything 

 

The only exception is Oman, which STILL have their traditional way of living.

 

The oil will run out in about 100 years, but the threat is more about oil prices becoming cheaper, ethanol, new methods like  fracking, synthetic oil, electric cars. Very soon USA will no longer rely on Arab oil and that will change their policy.

 

KSA brought down oil prices to kill sand oil and fracking in North America.

 

UAE wants to own all ports in Africa as well as Telco companies, big threat coming from China and Pakistan.

 

 

[Tallaabo]

9 hours ago, maakhiri1 said:

They are all in trouble and forgot who they are, and dependant on oil, importing food , expatriates doing everything 

 

The only exception is Oman, which STILL have their traditional way of living.

 

The oil will run out in about 100 years, but the threat is more about oil prices becoming cheaper, ethanol, new methods like  fracking, synthetic oil, electric cars. Very soon USA will no longer rely on Arab oil and that will change their policy.

 

KSA brought down oil prices to kill sand oil and fracking in North America.

 

UAE wants to own all ports in Africa as well as Telco companies, big threat coming from China and Pakistan.

 

 

They are not all dependent on oil. The UAE, Qatar, and Kuwait have used their oil wealth very wisely by developing their infrastructure and economy to a very high standard. Moreover, these mini-states have accumulated a vast sovereign wealth and built up impressive investment portfolios across the world. Abu Dhabi alone has a sovereign wealth exceeding $700 Billion. Qatar is awash with cash so much so that the UK government is running after it for investment. Dubai no longer relies on oil and has established itself as a world-class tourist and business destination and along with Doha and Abu Dhabi is a major air transport hub generating billions of dollars from international travelers. Most importantly, these three states have invested in their people and today they can be proud of having a well-educated workforce. Oman is also in a fabulous situation but as you mentioned because of their traditional way of life (and I dare to add their wise leader). The only country which is in a shit-hole is Saudi Arabia. Bahrain has deep social problems and is surviving only because of Saudi Arabia and the UAE.

[Mooge]

niyoow this is better than jailing wealthy people and blackmailing them to given up their money through fake charges and beatings.