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Showing posts with the label "oil profit"

Saudi Aramco

Saudi Aramco made almost $47bn profit in the first half of 2019 . We know where most of that profit goes. A genuine revolution means overthrowing a family-regime that has been squandering a huge wealth at home, including purchasing of weapons, and capital flight to the Western banks and using that wealth instead in real development across the Arab region, doing away with nation states. That would incorporate the Saudi women and other men and women in the Arab countries in the labour market where unemployment in some countries is high and one of the causes of the uprisings and migration.