Saturday, April 01, 2006

Saudi investing for beginners

There's an old saying that says "You can make a small fortune investing in commodities. You start with a large fortune."

It seems that investing in KSA is not too different. Take a look at The Religious Policeman, The diary of a Saudi man, currently living in the United Kingdom, where the Religious Police no longer trouble him for the moment.

Ibrahim is depressed because he's been looking forward to a comfortable retirement on his farm with his date trees and his camels, but he's just had a bollocking over the phone. A right royal bollocking, in fact. From a very senior royal person, who complained that his bright young royal relative, Abdul Aziz MBA, had this brilliant idea for selling shares to expatriates, so restoring the fortunes of the stock market, but the whole exercise "has gone belly up like a dead cat", (Ibrahim winced at those particular words) and he, Ibrahim, had better do something about it, otherwise he's going to find some obscure Prince making an offer for his farm "that he won't be able to refuse", (for such is the way of things in Saudi Arabia*).

No comments: