Iran sanctions: Middle East stock markets crash as Tehran enters oil war

[Nick Young]

[QUOTE]Prospect of the Islamic Republic pumping an additional 500,000 barrels a day sends stock markets in Dubai and Saudi Arabia into tailspin

Stock markets across the Middle East collapsed as the lifting of economic sanctions against Iran threatened to unleash a fresh wave of oil onto global markets that are already drowning in excess supply.

All seven stock markets in Gulf states tumbled as panic gripped traders. Dubai's DFM General Index slumped 4.8pc to 2,682.56, while Saudi Arabia's Tadawul All Share Index collapsed by 7pc to 5,409.35, its lowest level in almost five years.

The Iranian stock index gained 1pc, making it one of the best performing markets in the world with gains of 6pc since the start of the year.

The dramatic moves came following the historic report from the UN nuclear watchdog, which showed that Iran has met its obligations under the nuclear deal, clearing the way for the lifting of sanctions.

The Vienna-based International Atomic Energy Agency issued the landmark document late on Saturday evening, sparking mayhem as markets opened in the Middle East.

Qatar

[DonDadda59]

The Iranian stock index gained 1pc, making it one of the best performing markets in the world with gains of 6pc since the start of the year.

Ain't that something? The country that got its act together and complied with Barry O's edicts is now awash with billions and their markets are thriving. Meanwhile all the loud-talking rogues are sinking. Barry using the oil weapon like it's the damn death star. :applause:

Hopefully these Middle Eastern countries will take this opportunity to modernize and diversify their economies. The age of over reliance on fossil fuels is nearing its end.

[fiddy]

Ain't that something? The country that got its act together and complied with Barry O's edicts is now awash with billions and their markets are thriving. Meanwhile all the loud-talking rogues are sinking. Barry using the oil weapon like it's the damn death star. :applause:

Hopefully these Middle Eastern countries will take this opportunity to modernize and diversify their economies. The age of over reliance on fossil fuels is nearing its end.
:roll: :roll:

[DonDadda59]

:roll: :roll:

:yaohappy:

[Nick Young]

Hopefully these Middle Eastern countries will take this opportunity to modernize and diversify their economies. The age of over reliance on fossil fuels is nearing its end.
:lol


Saudi is being idiotic here. Their cash reserves and oil are going to run out. Then they will be truly f*cked with no form of recovery.

[BigNBAfan]

Ain't that something? The country that got its act together and complied with Barry O's edicts is now awash with billions and their markets are thriving. Meanwhile all the loud-talking rogues are sinking. Barry using the oil weapon like it's the damn death star. :applause:

Hopefully these Middle Eastern countries will take this opportunity to modernize and diversify their economies. The age of over reliance on fossil fuels is nearing its end.
L :roll: L

No matter what they do religion will always hold them back. You need a strong separation from religion in government. Look at India, they've got a democracy but a lot is still influenced by religion... stops growth.

[DonDadda59]

L :roll: L

No matter what they do religion will always hold them back. You need a strong separation from religion in government. Look at India, they've got a democracy but a lot is still influenced by religion... stops growth.

Sad but true.

[NumberSix]

Ain't that something? The country that got its act together and complied with Barry O's edicts is now awash with billions and their markets are thriving. Meanwhile all the loud-talking rogues are sinking. Barry using the oil weapon like it's the damn death star. :applause:

Hopefully these Middle Eastern countries will take this opportunity to modernize and diversify their economies. The age of over reliance on fossil fuels is nearing its end.
Why do you assume people of other cultures would modernize? Modernity is a product of western culture. The only reason people of other cultures have anything modern is because we sell it to them or sometimes, just give it to them. If we just left these people alone, they'd all live in a world without electricity, medicine, technology, etc...

[dunksby]

So ISIS funders are in trouble? Good stuff :cheers:

[Nick Young]

Why do you assume people of other cultures would modernize? Modernity is a product of western culture. The only reason people of other cultures have anything modern is because we sell it to them or sometimes, just give it to them. If we just left these people alone, they'd all live in a world without electricity, medicine, technology, etc...
Yep. Israel was a barren desert wasteland where nothing grew before the Jews moved in in the 1800s. Now it is the most fertile land in the Middle East.

[fiddy]

Yep. Israel was a barren desert wasteland where nothing grew before the Jews moved in in the 1800s. Now it is the most fertile land in the Middle East.
:roll: :roll: :roll:

[Nick Young]

:roll: :roll: :roll:
[QUOTE]In the late 1870s, Jewish philanthropists such as the Montefiores and the Rothschilds responded to the persecution of Jews in Eastern Europe by sponsoring agricultural settlements for Russian Jews in Palestine. The Jews who migrated in this period are known as the First Aliyah.[23] Aliyah is a Hebrew word meaning "ascent", referring to the act of spiritually "ascending" to the Holy Land and a basic tenet of Zionism.

The movement of Jews to Palestine was opposed by the Haredi communities who lived in the Four Holy Cities, since they were very poor and lived off charitable donations from Europe, which they feared would be used by the newcomers. However, from 1800 there was a movement of Sephardi businessmen from North Africa and the Balkans to Jaffa and the growing community there perceived modernity and Aliyah as the key to salvation. Unlike the Haredi communities, the Jaffa community did not maintain separate Ashkenazi and Sephardi institutions and functioned as a single unified community.

Founded in 1878, Rosh Pinna and Petah Tikva were the first modern Jewish settlements.

In 1881

[fiddy]

https://en.wikipedia.org/wiki/History_of_Zionism#The_first_aliya
Oh great, zionism, im so full of admiration about that insignificant minority that started land thieving

[Nick Young]

Stay salty, breh:rockon:
http://www.alarjah.com/wp-content/uploads/2015/05/6746900-Dead-Sea-Salt-0.jpg

[dunksby]

Saudis salty as **** :lol

Tweet by Sheikh Saud al-Shuraim, imam of the Grand Mosque in Mecca, using a derogatory term often employed by Arab Sunnis to describe Iranians and Shi'ites, after the sanctions were lifted.

"There is no surprise in the alliance of the Safavids with the Jews and Christians against the Muslims, history witnessed this. But there is surprise at minds delaying their understanding of this truth until this moment," he wrote.
http://www.reuters.com/article/us-iran-nuclear-sanctions-saudi-idUSKCN0UW1FJ

[fiddy]

Saudis salty as **** :lol

http://www.reuters.com/article/us-iran-nuclear-sanctions-saudi-idUSKCN0UW1FJ
Watch 15 minutes of this http://insidehoops.com/forum/showthread.php?t=395910 shit its hilarious