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Archive for December, 2009

Stock_exchangeWhen Saudis talk about investing, it’s usually about investing in the stock market…period.   Not real estate, bonds, funds, etc.   For some Saudis, the stock market is considered the easiest way to invest with less “physical” work, at least that what some people think.   Since casinos are illegal in Saudi Arabia and gambling is considered forbidden in Islam, the stock market can be the next best thing.  I know investors have to do some market research or hire a broker, but that doesn’t guarantee you will have higher return.  Otherwise everyone will do their long ass homework about stocks and bonds or spend more money to hire those soft talking sophisticated brokers.  Therefore, Saudis pick simpler ways to invest!

One way to invest in the stock market is based on your instinct, if you’re feeling lucky… go for it and pray for the best. Another common way is to ask your peers and they will tell you that they made a lot money last week on a certain stock and you should invest in it.   Of course stocks don’t stay at the same status everyday…that’s why people spend  half their lives staring at the stock screens, but some Saudis ignore the fact the stocks change and start investing in a certain stock…assuming they are going to make a lot money just like their friends.

 

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text“Texting” SMS messages is the number one hobby in Saudi Arabia, from funny sexual jokes to cheesy love messages! Those are the type of messages that take most memory space in Saudis’ cellphones.  By coming up with phones that have their own mini keyboard such as the all-astonishingly amazing Blackberry, messages that used to take half and hour to type, now takes 3 seconds to type and hit send.  The best sound of melody that any Saudi will enjoy is the sound of their phone’s ringtone when they receive a random message.  It is like receiving a gift on your birthday, you don’t know what it’s going to be… hoping it will be something worth your excitement!

In 1994, the telecommunications industry came up with a new technology called “Bluetooth”.  Bluetooth technology took SMS messages to a new level; and for Saudis,  it changed the perception of data transformation and it took Saudi Arabia by storm.  For many Saudis, a phone with no Bluetooth (which is impossible to find one nowadays), is like a car in Saudi with no A/C.

We might be heading into an era where people don’t speak or it seems as though they have forgotten how to speak directly with each other and start communicating with text messages and some weird symbols!

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تسونامي جدة

My heart goes out to all those affected by the terrible flooding in our homeland.  Many thoughts and prayers go out to everyone.  It is the time for everyone to come together.

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