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Arabia

Saudi Arabia Has Squandered Its Wealth. And It Wants You to Hold the Bag

Saudi Arabia is not known for making wise financial decisions. The Middle Eastern kingdom sold part of Saudi Aramco before crashing its value through a disastrous oil price war. Now, Saudi Arabia is trying to trick investors into buying a stake in its pipeline business. Will anyone take the bait? Saudi Arabia’s oil price war…

Saudi Arabia Invests in Carnival Cruise. Now It’s Definitely Time to Sell

The Kingdom of Saudi Arabia has made a (perhaps unwise) decision to invest in Carnival Cruise. This is the latest in a long string of questionable financial decisions from the authoritarian desert kingdom. The Saudi investment is bad for Carnival’s image. The company is already dealing with the fallout from massive coronavirus outbreaks on its…