Habeeb Mahmood’s Post

At what oil price would Iraq face a crisis? According to Reuters calculations: Below $55 is problematic The current crude price is $71 First, what’s the must-pay expense for Iraq? - Mudher Saleh, govt advisor: "The government will pay salaries even if it costs everything. Salaries are holy in Iraq" - Salaries & pensions annual cost = $69 bn https://lnkd.in/eR5m8sTq Next, how much does Iraq make out of oil? It exports 3.5 mn barrels daily - At $70 per barrel, the annual revenue = $89 bn - At $55 per barrel, the revenue = $70 bn - Below $55, the revenue is below the wage bill => Oil at $55 is the crisis threshold for Iraq

Telegram CEO arrest French authorities on Saturday arrested Pavel Durov, billionaire CEO of messaging app Telegram Messenger, who is reportedly still being detained for questioning. The arrest is part of an investigation into an alleged lack of moderation on Telegram, which police claim has allowed criminal activity to continue undetected on the app. "Durov has nothing to hide," said Telegram. "It is absurd to claim that a platform or its owner is responsible for abuse of that platform." The arrest has prompted a widespread backlash, including from Elon Musk, Rumble (RUM) CEO Chris Pavlovski, and Edward Snowden.

There’s something magical and nostalgic about the automobile industry. The allure of sleek designs, powerful engines, and freedom on the open road capture the imagination. There have been hundreds of car companies over the history of the automotive industry and few survivors long term. The following list is the ones that survived and thrived in the 20th century until now. This article dives into the brands and history of the most valuable car brands of 2023, exploring their past and what led them to their impressive market caps today.

In 2018, Elon Musk called out Warren Buffett’s concept of the importance of a moat for a business in the modern era going so far as to call them “lame.” Buffett was given a chance to explain his opinion on this comment from Musk at the following Berkshire Hathaway shareholder meeting. Let’s see what Buffett meant when he said a business “moat” and both sides of this rare exchange between legends in the business world.

I can't believe I have witnessed the biggest one-day drop in the stock market today. Japanese stocks collapsed by -12% on Monday in their biggest single-day rout since the 1987 Black Monday selloff, driven by last week's plunge in global stock markets, economic concerns, and worries investments funded by a cheap yen were being unwound. "I think the U.S. economic slowdown worries were too much, but the market did turn nervous after the Bank of Japan's rate hike as they thought the domestic economy is not strong enough to justify the rate hike," said Tomochika Kitaoka, chief equity strategist at Nomura Securities International, Inc.. #japan #stockmarket #yen #currency #rates

On Friday Japan's stock market fell by more than 5% which is insane as the Nikkei performed less than 1% last decade. This is the most important chart in the world today: the Japanese Yen vs the USD. Why is it so important? 1. For 30 years Japan had 0% interest on their currency. 2. As a result for 30 years investors borrowed YEN at no cost and invested it globally. They invested in T-Bills abroad and a basket of risk assets including the Nasdaq. 3. For the first time in many years the BOJ increased interest rates this week by 0.25%. This was almost unprecedented. 4. Due to the increased interest rates and the signal to the market, investors are now concerned that the money they borrowed for free is no longer free and therefore they are unwinding their trades and sending the funds back to Japan. 5. The estimated quantum of this trade is over $4 trillion! The only question that remains is how aggressive they will be. But for now, WE MUST KEEP OUR EYES ON THIS CHART! If it keeps strengthening risk assets are going to get sold even more. If it weakens again, risk assets might rally (all else being equal). Source: Bloomberg

Wealth creation is a topic that piques everyone’s interest. We all dream of attaining wealth, achieving financial freedom, and living our best lives. You’ve probably tried many ways to accomplish this dream. Few methods work, as most people are left feeling like they’re spinning their wheels in one phase of the complex process of building something worth a lot of money and cash flow. In this post, I will share four proven strategies to create wealth. These are methods that have worked for countless people, and they can work for you too. I am not saying these strategies are easy or get-rich-quick schemes, but they are possible with the right amount of intelligent, focused effort in study and execution. Let’s dive into these four strategies and show you a clear path to building wealth.

I had a fantastic opportunity to visit #Zoholics Jeddah 2024 with the Finance Fix team! I learned about their innovative tech solutions and was truly impressed by their commitment to customer success. Being a partner of Zoho i had great networking with the team of Zoho Middle East & North Africa and was excited to explore potential collaborations. #Zoho #tech #networking #newopportunities #events #jeddah

Saudi Arabia’s holdings of US bonds rose by 22 percent year on year in May, as the kingdom banked on an economic recovery in the United States. The May figure of $136.3 billion, released by the US Department of the Treasury, is the highest level of Saudi bond holdings since January 2022. The kingdom is the 17th-largest holder of US bonds for the month, with Japan at number 1.