Many Countries Rush To Do Business With Turkey; Turkish Citizenship Seekers Rush In As Turkey Flourishes Causing Trade, Tourism & Real Estate To Spike

Turkey offers a citizenship solution to all those who wish to leave their country and aim to settle in another country.

We can assist if you are interested to discuss or pursue the citizenship route to Turkey.

Many countries are in crisis mode or declining mode for one reason or another.

However, Turkey is flourishing and allows foreigners to invest money in Turkey in order to receive the citizenship of Turkey.

Hello, World of 2022!

Hello, World of May 2022,

We may begin writing again.....

So stay tuned!

Until then enjoy this article from the Economist from Nov 2021 which for the most part is turning out to be true. 

Except that we disagree that crypto has any value. 

Crypto does not have much value due to which almost USD 2 trillion has been lost so far in the past 6 months in the world of crypto.

Why Are Dubai Residents of Exclusive Emirates Hills, Posh Jumeirah & Man Made Palm Jumeirah Island Sitting In Jail Cells of London, NY & New Delhi?

Less than 3 months ago, under a secret mission, 2 wanted financial absconders in India were "picked up" from Dubai and flown in a Govt plane to one of the harshest jails of India.

Most of the information is only available in Indian media because for the first time, no laws of India or UAE were followed and these 2 persons were picked up from their multi million dollar homes in Dubai and within hours were sitting inside the infamous Tihar jail of New Delhi.

"The ED (Enforcement Directorate) had summoned Rajeev Saxena, a resident of Palm Jumeirah in Dubai, multiple times in the case and had arrested his wife Shivani Saxena from the Chennai airport in July, 2017. She is now out on bail. 

Why Are So Many Board Members, CFO's & CEO's Resigning From Top Most Companies In UAE?

Starting with EMAAR Developer, Founder and Chairman,  Mohammed Alabbar, who has resigned from the Board of Aramex (a large courier company in the Middle East, based in Dubai and listed on DFM,  with 13,800 employees in 54 countries) there is a long list of recent resignations across top most companies in the UAE.

"Another board member, Christine Holgate - who represents the Australia Post Transaction Services Pty Ltd - resigned from Aramex's board as of April 10.

Last month, Australia Post sold a 10 percent stake in Aramex for $164 million, according to a DFM filing."

Third Abraaj Executive Arrested By The US Govt Which Dubai Failed To Do

Photo Credit: Twitter account of Abraaj Group

We have warned since last year that anyone associated with Abraaj fraud will get arrested.

They can run but they can't hide.

Now, the 3rd top employee of Abraaj has been arrested, Sev Vettivetpillai.

Here is our warning from just last week:

"Arif and most Abraaj employees have left Dubai and resigned from Abraaj but the ghosts of their past misdeeds are definitely not behind them and they will end up being banned, or go to jail or be thrown out of their new jobs wherever in the world they maybe because the investigations are still ongoing in a dozen countries."

India's Jet Airways Ends Operations As We Had Predicted In Aug 2018

Back in Aug 2018, when almost no one had a clue whether a top Indian airline would shut down, we had made our bold prediction that one airline will shut and our hint was towards Jet Airways because they were the only ones to default on their debt.

Ever since that day, Jet Airways has juggled from one public crisis to another and finally, right during the general elections of India being held since 11 Apr until 23 May (when the results shall be announced), Jet Airways has collapsed!

Knowing what we know about the company and how India works, it went exactly as we had predicted.

US Govt Arrests Abraaj Founder & Ex-CEO - Arif Naqvi & Managing Partner & Head of Private Equity - Mustafa Abdel-Wadood For Fraud & Stealing Investor Funds Via DIFC, Dubai Based Abraaj Group

The saga of Abraaj fraud stumbled out of the closet in Feb 2018 when their crimes were first uncovered.

When we restarted this blog in June 2018, the first few days were electric. 

Saudi and UAE had signed a very wide ranging bilateral agreement thus almost demolishing the 6 nation GCC agreement.

And Abraaj had announced that it may file for liquidation due to approx. USD 1 billion in outstanding debt, an unknown amount in missing funds and commingling of funds on top of everything.

7 More UAE Banks To Merge While Abu Dhabi Struggles For Cash, Qatar Sues FAB & SAMBA Banks Plus Dubai Arrests Expats For Silly Facebook Posts

Bank after bank is collapsing (oops, merging) in UAE.

We have predicted since last year that most banks will fail in UAE as well as across GCC. 

At this point we do not even wish to count how many mergers or branch closures or job cuts are going on.

This week alone news has appeared about 7 different banks across UAE who are going to merge in the next few months.

Saudi Arabia, Once Again, Threatens USA To Sell Oil In "Other Currencies" Like Chinese Yuan: Analysis & Impact

The first time we argued about the rising animosity between Saudi and USA was in Dec 2014.

This chart is from the advisory that we had prepared for our clients back in Dec 2014.

This chart shows when America began producing more oil than Saudi Arabia in 2014 after 22 years.

Ever since, Saudi has struggled in it's oil sales, has run out cash, is busy selling it's top most companies, has run 6 years of budget deficit while borrowing tens of billions every year, passed new taxes and fines, removed subsidies on petrol, water, electricity bills, deported millions of expats, has arrested thousands of Saudis and taken their trillions, major companies like Saudi Oger have collapsed, large banks are merging and thousands of small businesses have shut etc.

Your Opinion Counts: Feedback & Survey For Redesigning This Blog

Credit: www.goodfirms.co

We shall be redesigning this blog.

Besides a refresh, one change will be that we wish to make it a paid members only blog.

We intend to charge as following:

Monthly: USD 5 per month (one time or recurring option to pay every month shall be made available)

Quarterly payment: USD 12 per quarter (20% discount from monthly payment option).

UAE: An Article In Gulf News, Emirates Group Chairman & ENBD CEO Hint That UAE May Finally Need To Depeg It's Currency From The USD, 5 Star Grand Hyatt Hotel Shuts Down In Abu Dhabi, Saudi & Abu Dhabi Both Raising A Lot of Debt As They Run Short On Cash

We have predicted since 2015 and debated it many a times that UAE (and Saudi) do not have a choice but need to depeg or repeg their currencies during or after 2018.

Many economists, media commentators, businessmen and others have debated with us that it can not happen. 

But we have remained stedfast in our views because we know how bankrupt both UAE and Saudi have become after the longest, continuous and most sustained decline in the price of oil since 2014, in history.

Trump came to Saudi that resulted in the arrest of thousands of royal family members in Saudi and curtailment of their powers and taking away almost all their wealth.

Now, for the very first time, a media article has appeared on 30 Mar 2019 on a quiet Saturday afternoon in Gulf News which is a Govt mouthpiece targeted in particular to the expats suggesting that UAE may need to depeg their currency, the dirham, from the USD.

Malaysian Economy Is Grinding To A Halt, Future Is Even Worse Due to Anti China Stance, Scams, Loss Making Sovereign Fund Having A Fire Sale Of Assets, Shutting Businesses, Dropping Real Estate, Declining Tourism, Closing Hotels, Declining Govt Spending, Declining Expat Population...& An About To Shut Down National Airline

USD-MYR Exchange Rate, 2009-2019

The sheer number of scams and business closures coming out of Malaysia over the last several years, a nation of less 32 million is shocking.

The scandal of ex Malaysian PM Najib has brought global embarrassment and massive losses for all Malaysians.

Over half a dozen countries plus the corrupt enabler Goldman Sachs were involved in siphoning off of tens of billions of dollars from the Malaysian Treasury into the pockets of Goldman Sachs and billions into the pockets of many people but most of all the ex Malaysian PM Najib himself.

This Is What The Wealthy Are Acquiring As A Status Symbol & We Can Help

We have advised our clients for about a decade on the benefits of having a second citizenship.

We have taken advantage of the inexpensive yet lifelong Permanent Residency (PR) card of Singapore that did not even require a stay in Singapore until Dec 2011 for a few of our clients.

We have also taken advantage of discounts of Caribbean countries who offer 50% discounts on donations to the Govt.

We have also advised again and again that these passports will all be shut down so the best time to acquire them is NOW, subject to whatever is still available.

Philippines: One of The Only Rising Real Estate Market Opportunity In The World: Some Investment Ideas

Cebu City

We have advised on this blog since last year (and since 2015 to our clients) that the only rising real estate market is in the Philippines, aside from China.

We have mentioned since last year that Chinese are coming in hundreds and thousands to Philippines and whoever wishes to invest must do it now. It's still not too late.

Based on our on the ground research and from our network, we had mentioned about the Chinese previously.

Now newspaper articles are coming with data.

Etihad Airline's Ongoing Collapse Is Bankrupting Jet Airways Who Has Halted All Flights To Abu Dhabi Today & Forced To Ground Half Their Fleet In India, Qatar Banned FAB, Largest Bank of UAE, More Banking Mergers, Bailouts & Closures Expected In UAE & At Least 35 Airlines Have Stopped Coming To Dubai

Jet Airways of India is in the throes of death due to the 24% stake held by Etihad Airlines and various other reasons.

We had warned on 14 Aug 2018, that 1 Indian airline may go bankrupt and our bet was on Jet Airways. 

Due to all the politics and reality behind the scenes and the massive losses due to loans given by Indian Govt owned banks, somehow this airline has continued to remain alive so far but we give it no more than a few months before it will shut down.

1 Indian Airline Must Go Bankrupt In 2018, Which One Will It Be?