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Old August 8th, 2016, 07:41 AM   #15501
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Old August 8th, 2016, 07:48 AM   #15502
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Originally Posted by Yolo 1844 View Post
Can some body show me how to post images? Please
click on insert image button and paste the URL of the image
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Old August 8th, 2016, 12:41 PM   #15503
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Originally Posted by Mr.Boss View Post
You are making things bigger than what it actually looks like and your discussion is all about "Saudi Arabia" making people here thinking that Saudi Arabia is the only country suffered from falling oil price! while the truth is "falling oil price is affecting all countries around the world and Saudi Arabia is the least country may suffer from (economy crisis)?due to oil"!

You know very well that the economy of Saudi Arabia is HUGE and we have a lot of investment opportunities and by 2020 we can live without oil income! in that time, a lot of countries around us will suffer. Low oil price move the government to start using our non petroleum variable resources and believe me things are getting better day after day. Last year the total income from non-petroleum sector was increased by 29%! It was just a quick fix. In the next 4 years this number will increases significantly.

Please the topic is about JT not about Saudi Arabia!
Let's talk about the tower
I appreciate your optimistic approach, and I do hope things in the KSA turn for the better, but let's be realistic for now. I didn't at one time state any thing regarding the economy as of now to be false, it's the reality of what's happening, why construction projects are stalled, and most important of all it shows how dangerous it is for a nation to be to reliant on oil revenue.

It's very simple to see/witness if this building will keep rising, and completed in the future. It's also nice to know why things are the way they are at the moment, no?

Regarding the future of the economy the biggest transformation is a potential IPO of Aramco. Yes every banker in the world will try to be part of the IPO stock sale to make as much potential income as possible. But before that can happen a few certain aspects of the company must be ironed out. First, and foremost it's a government owned company that is heavily taxed, over 90 percent of finances/revenue contribute to the countries budget. Before the IPO takes place Aramco needs to become a legitimate private company, and investors don't want to see there investment revenue financing the KSA's budget any more. It's a little more complicated than one would think.

Yes Venezuela, Nigeria are doing worse, but I'm concerned more for the KSA even with it's large reserves because they keep burning USD's like there is no tomorrow. One very good statistic the KSA have is the lowest debt to GDP in the world.

You need an alchemist to transition the economy, hats off if it works out in the end.
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Old August 8th, 2016, 01:26 PM   #15504
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Originally Posted by Pinkfloyd34 View Post
Did India have to step in and send food to their workers who were not paid their wages?

I don't think the situation is so worse .
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Old August 8th, 2016, 01:38 PM   #15505
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Quote:
Originally Posted by noir-dresses View Post
I appreciate your optimistic approach, and I do hope things in the KSA turn for the better, but let's be realistic for now. I didn't at one time state any thing regarding the economy as of now to be false, it's the reality of what's happening, why construction projects are stalled, and most important of all it shows how dangerous it is for a nation to be to reliant on oil revenue.

It's very simple to see/witness if this building will keep rising, and completed in the future. It's also nice to know why things are the way they are at the moment, no?

Regarding the future of the economy the biggest transformation is a potential IPO of Aramco. Yes every banker in the world will try to be part of the IPO stock sale to make as much potential income as possible. But before that can happen a few certain aspects of the company must be ironed out. First, and foremost it's a government owned company that is heavily taxed, over 90 percent of finances/revenue contribute to the countries budget. Before the IPO takes place Aramco needs to become a legitimate private company, and investors don't want to see there investment revenue financing the KSA's budget any more. It's a little more complicated than one would think.

Yes Venezuela, Nigeria are doing worse, but I'm concerned more for the KSA even with it's large reserves because they keep burning USD's like there is no tomorrow. One very good statistic the KSA have is the lowest debt to GDP in the world.

You need an alchemist to transition the economy, hats off if it works out in the end.
Aramco's downstream assets are proposed for the initial 5% IPO. Its concessions, principal refining capabilities etc remain in the public domain as a public asset rather than a taxed enterprise.

I think any regulations that will apply to the "privatized" Aramco would be standard corporate regulation governing shareholder rights to the company such as dividends, corporate taxation, duties and labor laws etc
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Old August 8th, 2016, 02:06 PM   #15506
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Saudi Aramco — more mirage than IPO

The other sandfly in the light, sweet crude is the ginormous bite that tax and royalties take out of earnings, recently estimated at 93 per cent.

Mr Mills therefore values Aramco at between $250bn and $400bn. And what banker, frankly, is going to roll out of bed for the fees on a measly $16.3bn share sale?

https://www.ft.com/content/be1011a8-...7-a4af20d5575e
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Old August 8th, 2016, 02:53 PM   #15507
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DP
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Old August 8th, 2016, 02:54 PM   #15508
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Quote:
Originally Posted by Yolo 1844 View Post
Can some body show me how to post images? Please

Request Granted - http://www.skyscrapercity.com/showthread.php?t=458527
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Old August 8th, 2016, 03:52 PM   #15509
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Without the oil and the foreigners, Saudi-Arabia will be a deflating balloon.

30% of the population can't work because they are <15 year, 50% doesn't work because they are women and the male Saudies are quite lazy and only attain fancy gouvernment jobs.
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Old August 8th, 2016, 05:58 PM   #15510
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Quote:
Originally Posted by lolplayer View Post
Without the oil and the foreigners, Saudi-Arabia will be a deflating balloon.

30% of the population can't work because they are <15 year, 50% doesn't work because they are women and the male Saudies are quite lazy and only attain fancy gouvernment jobs.
GTFO with that shit from this forums. Go back to watching CNN little boy
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Old August 8th, 2016, 07:41 PM   #15511
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the tower ist amazing. but the conversatons here are
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Old August 9th, 2016, 12:38 AM   #15512
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I agree with you
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Old August 9th, 2016, 02:20 AM   #15513
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Quote:
Originally Posted by fayzoon View Post
click on insert image button and paste the URL of the image
Wats THE URL by the way im duing dis via cellphone thers a lil image icon with like a montain and the sun is that the the image icon and wath due i need to due ? Please help
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Old August 9th, 2016, 06:46 AM   #15514
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Ok thank yow
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Old August 9th, 2016, 07:36 AM   #15515
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Quote:
Originally Posted by Yolo 1844 View Post
Wats THE URL by the way im duing dis via cellphone thers a lil image icon with like a montain and the sun is that the the image icon and wath due i need to due ? Please help
Yes this is the icon, paste the url and the image will appear
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Last edited by fayzoon; August 9th, 2016 at 08:34 AM.
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Old August 9th, 2016, 09:31 AM   #15516
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Quote:
Originally Posted by Yolo 1844 View Post
Can some body show me how to post images? Please
You cannot post images directly...You need to post links
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Old August 9th, 2016, 02:45 PM   #15517
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Originally Posted by webeagle12 View Post
GTFO with that shit from this forums. Go back to watching CNN little boy
I think you mean Faux Newz.
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Old August 9th, 2016, 03:01 PM   #15518
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Originally Posted by jogiba View Post
I think you mean Faux Newz.
How about Bloomberg, it's always an interesting read,

Saudi Building Bust Traps Thousands in Desert Nightmare.

Stuck in the desert's searing summer sun with no work, no pay, and no way out.

As Saudi authorities slash spending and delay payments to contractors to cope with the plunge in oil prices, the austerity is exacerbating the woes of private businesses that have, for decades, relied on government spending for growth. Casualties include the thousands of foreign laborers who helped to keep the economy humming with low-paying jobs in construction.

http://www.bloomberg.com/news/articl...saudi-slowdown

Remember people I'm only the messenger who posts the truth behind the scenes, the net is flooded with information.
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Old August 9th, 2016, 03:08 PM   #15519
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Quote:
Originally Posted by Dave-in-Toronto View Post
So the wage issue is what is making this tower seem like it is on hold?
Yes Dave, Habibi has no liquidity so everything has halted to a stop/halas!!!
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Old August 9th, 2016, 04:23 PM   #15520
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Quote:
Originally Posted by RafiAnsari View Post
You cannot post images directly...You need to post links
i have flickr but still dont know wath to due to get the image here to ssc??? If you can help me i will gratle apriciate thank yow✌
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