#Business: Deteriorating Finances

The world’s largest oil exporter wants to raise at least $10 billion this week from bonds due in five, 10 and 30 years, people familiar with the plans have said.

That they are having to tap the market at all is testament to how far their finances have deteriorated. The budget deficit has swollen to the widest in more than two decades and the government has eaten into foreign currency reserves and been forced to raise about $63 billion from local bond sales. The state is cutting spending and salaries as part of Saudi Deputy Crown Prince Mohammed bin Salman’s unprecedented overhaul, which also includes a planned initial public offering of oil giant Saudi Aramco.

Officials including Minister of State Mohammed Al Sheikh promised investors to prioritize an economic transformation plan regardless of where the oil price goes, according to two attendees of the London leg of the roadshow. More than 60 bankers and investors gathered to hear the sales pitch in a ballroom at the Corinthia Hotel just off Trafalgar Square on Oct. 12.

Comments

#Healthwire: Castor oil.

Another possible solution to your wart problem is to rub castor oil on the wart. The oil can help moisturize the skin until the wart breaks apart and disappears.

#Technology: Actress going braless accidentally flashes breasts during interview on Facebook Live

An actress has been left red-faced when she accidentally flashed her breasts during a Facebook Live broadcast. Argentine star Virginia Gallardo, 29, was about to be interviewed by the actress Flor Vigna, in her Facebook Live program when the huge flash occurred. www.mirror.co.uk

#Religion: A bitter truth, often glossed over in the name of "tradition," is the religious teachings and the responsibilities of a Muslim woman. Most glossed over is the violence that men are still allowed to inflict on their women in the name of their religion and culture on such a massive part of the planet.

This brutality not only takes place in ISIS-held territory but across most Muslim societies. All around you, you see women killed, molested, imprisoned, maimed and incarcerated while their men sugar-coat the abuse as "modesty", "honour", "divine law" or even "justice". In addition to warning would-be ISIS recruits of the horrors that await them if they jump onto the bandwagon of terrorist organizations, let us take a look into "normal" Muslim societies. Women in Saudi Arabia, in the name of laws and "traditions", are kept effectively non-existent. They are forced, outside the house to wear full-body covering, abayas . Most full coverings for women are black, which absorbs heat, and are made of non-porous, cloth -- not cotton -- in the scorching heat. Women are also not allowed to drive, they cannot leave the house without a male guardian, they are liable to be flogged, stoned to death or beheaded if found guilty of...

Timepieces

Search This Blog