Al Manakh Market (it was an outright fantasy, so it collapsed easily)

A while ago, I received a message from Sister Nadia Al-Sharrah on Twitter in which she mentioned that one of Al Manakh Market’s traders had a stance with my father, which she mentioned in her book. I was intrigued by the publication of a book documenting "Al Manakh Market Crisis," As someone who experienced that crisis, I can confirm that this edition is the only attempt to professionally document that era. I can confirm that this release is the only attempt to professionally chronicle that era. The sister writer was able to stay ahead of time and before the disappearance of the knights of that era as a result of death or old age, so she obtained a journalistic scoop on most of the Al Manakh Knights," as the great artist Abdul Hussein Abdul Reda, may Allah have mercy on him, called them in his famous play Al Manakh Knights." The era that devastated Kuwait did not receive its due share of documentation, as if we did not want to remember it or have it be part of our history. It may be because some are ashamed of the stupidity and naivety of its events, or it may even be to avoid disclosing matters, thereby tarnishing a good reputation, as its related persons wanted to make us believe in its greatness for people who were able to escape from its swamp, carrying with them their spoils. They were the ones who led the whole situation in a hidden way and were the maestros of the chair game. Al Manakh knights are nothing but a façade made up of a group of simple, adventurous people united by one innate factor, which is the innate ability to calculate, accompanied by a lack of understanding of the lowest principles of investment rules. Some of them may apply to the old Kuwaiti proverb, "A lost man united with another lost one. Unfortunately, some of them lacked morals and transgressed into sin. I think that whoever reads some of their interviews can deduce that they had a mechanism of attraction, like magnetic fields. With every round, a new investor joins them, and these new investors are the real victims, including doctors, engineers, and top leaders. They gave up their minds and logic and chased the mirage of quick wealth, believing in the lie. I remember the speech of one of the general managers who bought a store with a space of 12 square meters for a sum of 250 000 dinars in the basement of a building next to Al-Manakh Market. He said that he would use it to indicate the stock market and that he expects the entire Al-Mubarakiya market to become a global financial center! I was surprised by his speech and started thinking that if this has become the thinking of the banker and the general manager, then what about the other normal people? I reminded him of what he said after a while, when he handed over the store to the property owner without any return. After paying rent for 5 years in accordance with the terms of the contract. The companies drifted and went beyond their specialization and licensing, and some of the banks were not in good shape at that time; everything became blurred. Here, I am speaking based on experience and knowledge very close to most of them, gained through my work in one of the banks during that period, as my office at that time was on the seventh floor designated for senior management. and based on that, I experienced the crisis and worked with all its solution programs. I saw up close how the scene was managed behind-the-scenes during that period. It was a strange drama, the heroes of which were a group of players who I might liken to gladiators, who were players with muscles who were gathered to fight tigers and lions, and sometimes each other. A scene run from outside the field with its own men, merchants, and leaders. A system that neither the fighters in the arena nor the bettors in the field understand. Events and stories took place behind the scenes, recorded by me, including funny and sad events at the same time. This made my comment, "to the extent that I can publish it," possible based on the topics I raised in her book. This will be in a collection of articles that will bear the same name as her beautiful book: "It was an outright fantasy, so it collapsed easily. I will start with my comment on Brother Ahmad Al-Kandari, whose dream was to become much richer than the late Hajj Abdullah Al-Othman, in an upcoming article.

Stay safe.