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Saudi Arabia may face cash crunch after 5 years

The indications are strong such that mighty Middle East (ME) region also may not sustain cheaper oil prices for long. If oil price continues to hover at $50 per barrel, the majority of Gulf nations will run out of cash in the next five years, according to International Monetary Fund (IMF). There's no exception to Saudi Arabia, the leader of Organization of Petroleum Exporting Countries (Opec), Oman and Bahrain. The oil price drop is expected to pull $350bn out of the ME region this year alone. The current account deficit of Saudi Arabia may touch 20 percent of its GDP this year.


Self-lacing shoes from Back to the Future comes alive

Nike prepares to launch shoes from future, as portrayed on a classic sci-fi action movie, Back to the Future. After securing the patent for its self-lacing shoes, the shoes will be ready to enter the market in the near future.

Playstation VR Price News: Retail Store Now Getting Preorders

An Italian game and console shop has released an ad showing that they are now receiving pre-orders for Playstation VR at €499.90. It is unconfirmed if this move is coordinated in any way with Sony.

Android 6.0 Marshmallow enables the usage of MiscroSD card as an internal storage

Android 6.0 Marshmallow enables the usage of MiscroSD card as internal storage. The option appears upon the insertion of the card on the phone for the first time.


Latest News

Goldman Sachs found its pre-kindergarten program in Salt Lake City had worked for both sides: the state, and the company itself. The program was conducted by Utah Voices for Children and was set to expand the spots in the program for 600 children. All of the children involved in the program were from low-income families, and 110 were expected to need special education in elementary school.
This week on “Dancing with the Stars” will feature a lot of dancing inspired by and team freestyle performances from the remaining contestants.
Sims 4 Get Together DLC Trick or Treat Challenge as part of the Spooky Stuff pack released on the last week of September. The question is will you go tricking or will you go treating?
A Utah-based company called Domo Inc. is hoping to attract more talent and to address the needs of their employees by providing a stipend for their expectant mothers to dress professionally and comfortably while carrying a baby.
B for buyback and E for earningS, these are some of the most appropriate letters for Google's parent company, Alphabet, as it reported Thursday how much it made in the third quarter.
Bitcoin startup company, Abra, recently announced that it is set to launch in the United States and the Philippines after getting $12 million in Series A Round funding from investors, including the American Express and Ratan Tata, the chairman emeritus of Tata Sons.
For over two years, Chipotle has the worst quarterly sales growth of 12%. Chipotle used to have an outstanding speed when comes to sales growth, but now for four consecutive quarters, its sales growth has been plunging.
East Asia's communist country, China is deeming to have merger operation with the nation's largest three major carriers. The said merger talks spark after China revealed its state-owned enterprises reformation plans. Rumors also emerged that the two of the largest airline in China is on merger to create a large fleet on the records.
It's yet not over for oil prices to go plunging as BP and Shell will report this week that billions of pounds were shelled off their profits as the aftermath of low oil price associated with exploration failures strike two of Britain's biggest companies.
General Nutrition Corporation or GNC is on the hot seat as it is being accused of selling dietary supplements incorporated with illegal additives. Along with other sellers, GNC received notification letters from the New York Attorney General's office saying that it had been unable to verify several supplements contained in the label or some ingredients are not listed in the label.