mrlog
VIP
When you have very small population it helps akhi, look at Iran. It is basic economics.The Arabs got extremely lucky with oil. Without it, god knows where they will be.
But their wealth comes from good economic management on their part.
Countries like Venezuela and Nigeria are oil producing nations and are nowhere near the Arab world due to economic management.
Sorry but I have to be fair.
When you have very small population it helps akhi, look at Iran. It is basic economics.
The type of oil that Venezuela has, it’s better to be on the ground than try to get it, they even get oil from other country, cuz their oil is too expensive to extract and it’s only worth it when the barrel price is high, but right now the oil barrel are dirt cheap, they would be losing money if they did any oil productions and anyway Saudi oil are the most smoothest and cheapest oil to extract, inshallah Somali has that type of oilSaudi Arabia has around 20-25 million citizens, not including workers.
Venezeula has more oil reserves and has a population of approximately 28 million.
It’s all about economic management and avoiding sanctions.
What...? So much ignorance in this post but I don't expect much from the same troll simping for South Sudanese in the other thread and hating on Northerners... Seek help.When a Saudi royal or rich kid is born don't they kidnap a Sudanese kid to be the saudi kids servant/slave?
Most N/Sudanese are handicapped and rely entirely on Arabs. Their language, culture even flag is influenced by them. They have nothing original to them so ofcourse Arabs will scoff at them and look down on them.
The Arabs got extremely lucky with oil. Without it, god knows where they will be.
But their wealth comes from good economic management on their part.
Countries like Venezuela and Nigeria are oil producing nations and are nowhere near the Arab world due to economic management.
Sorry but I have to be fair.
The oil in the Arabian Gulf is lighter and much easier to refine than the oil in Venezuela.
Nigeria has a population of nearly 200 million which is around 4x the population of the gulf put together and they have way less oil.
Thanks for the qashin, I see you want to have a mature discussion on petro-economics.
Yes, you’re right about Venezuela and Nigeria yet they have still severely mismanaged their economies regardless of their petrol deposit size.
The economic transformation required to turn your country from desert dwellers to a hub of business rivalled by even some Western countries, is immense.
You can hate on anything else but their economic management has been impressive.
If Somalia decides to extract oil, they should follow in their footsteps.
You are so wrong its funny. The economy of gulf countries are poster boys unsustainable management. They are whats known as rentier states, their economy is not diversified and the whole thing is run like a welfare system to keep their population obedient and not challenge their authoritarian rulers. Oil prices are plummeting, now what.
Their population is lazy and dumb, their infrastructure is qashin, and they are too reliant on foreigners who will pack their bags once the oil jobs run out. The Gulf is a ticking time bomb and so is petro industry. Somalis needs to leave alone the pipe dream of oil and start looking to the future which is in sustainable energy. Its 2021 not 1921, that chapter has closed.
Saudi Arabia has around 20-25 million citizens, not including workers.
Venezeula has more oil reserves and has a population of approximately 28 million.
It’s all about economic management and avoiding sanctions.
You couldn't have picked a worse example. Saudi is by far the worst managed of the Khaleej states in terms of overall benefit for all its people. There are many impoverished Saudis out there and loads who are just about middle to lower middle-class and not all that taken care of at all. The government even displaces its own people for vanity, ajanabi stroking projects:
Not to mention that Saudi is still the most dependent on oil and least diversified overall of all the Khaleej states.
What...? So much ignorance in this post but I don't expect much from the same troll simping for South Sudanese in the other thread and hating on Northerners... Seek help.
Sudan is home to hundreds of different cultures, tribes, and languages bounded by Arabic as a lingua franca since the Sennar Sultanate.
You have the right to be full of hate, that's honestly your business. However, when you spread trollish misinformation and make ignorant comments like "they have nothing original to them" you only show us how dumb you are.
Edit: The innocent man in the video you posted isn't even Sudanese but thank you for showing us that you're a sociopath.
I agree with you on the fact that these nations use immense amounts of welfare to keep their citizens happy with dictatorship.
However, when Gulf students get paid approx 40K a year just to go university abroad and have their fees paid for, they’re clearly investing in their people.
Similar to Botswana, the GCC have been reliant on natural resources but have been diversifying as of late. Dubai is a business hub for tech/start ups in the MENA region as well as a logistics up.
DP world (an Emirati port company) owns most major ports in the world.
Furthermore, many of these countries have set up sovereign wealth funds with diversified investments across the board.
By the time oil dries up, except for KSA, I would bet that the UAE and Qatar will remain somewhat prosperous.
UAE and Qatar have a native population of less than 1 million each, both their population combined is still 1/2 of Mogadishu. Nothing about their prosperity is impressive. Qatar has more energy reserves than the US and China put together, economic management kulaha.