MUST-READS

• Paris Robbery
  ‘All the Elements of a Hollywood Thriller’ – Saudi Prince’s Convoy Attacked by Gunmen in Paris

  The brazen robbery had all the elements of a Hollywood thriller: a commando-style ambush by a group of thieves wielding Kalashnikov rifles, a suitcase stuffed with cash, sensitive diplomatic documents and a likely shaken Saudi prince.

• Islamic State
  Iraq: Al-Abadi garners Iranian, US, Saudi Support: But can He Unite Iraq?

  The chairman of Iran’s national security council, Ali Shamkhani, congratulated al-Abadi and said that Iran approved of the legal process whereby President Fuad Masoum appointed the new PM. This entire line of reasoning was a slap in the face to outgoing prime minister Nouri al-Maliki, who argues that Masoum acted unconstitutionally in appointing anyone but Maliki and has said he will challenge the step in the supreme court. Shamkhani appeared to caution al-Maliki and others against opposing al-Abadi, calling on “all political blocs” to abide by “the rule of law” and to unite in the face of the threat posed by an “external enemy.” Some observers believe that al-Abadi was pressed on Masoum by Iran to begin with and is now Tehran’s candidate.

• US-Saudi
  Saudi air force calls for $2 billion upgrade to Boeing Sentry fleet

  The Pentagon notified Congress of a possible sale of five upgrade systems for the Royal Saudi Air Force’s Boeing Sentry Airborne Warning and Control Systems, which provide surveillance and command and controls communications with a 360-degree view of an area and the ability to identify and display targets more than 200 miles away.

• Housing
  Saudis second-biggest investors in Dubai real estate sector

  DLD’s report revealed that citizens of Saudi Arabia were ranked in second place on the list of GCC real estate investment after making 1,121 transactions worth AED3,371 billion in the first half of 2014.

• OIL
  Sales of black market oil surge in Middle East

  Crude oil sales through non-governmental channels are a rising trend in the Middle East, with Islamic State of Iraq and Syria (ISIS) radical fighters and Iraqi Kurdistan getting in on the action, experts say.

• Shale
  Euphoria over shale gas ‘surge’ pointless

  While euphoria over the ongoing shale revolution and the energy independence of the Americas continue, yet, there are people - cautioning and asserting - the phenomenon is short-lived and the world would continue to be dependent on the energy- rich Middle East in medium to long term.

• Military
  US State Department Approves New Hellfire Sale to Iraq

  The US State Department has approved two new lots of weapon sales to Iraq at a time when that government is desperately trying to fight off the encroachment of the militant Sunni Islamic State. The larger agreement would procure 5,000 AGM-114K/N/R Hellfire missiles for the Iraqi military for $700 million. Lockheed Martin is the principal contractor on the agreement.

• Shale
  Euphoria over shale gas ‘surge’ pointless

  While euphoria over the ongoing shale revolution and the energy independence of the Americas continue, yet, there are people - cautioning and asserting - the phenomenon is short-lived and the world would continue to be dependent on the energy- rich Middle East in medium to long term.

• Pakistan
  Taliban In Pakistan Derail World Polio Eradication

  Today the militant group continues to threaten to kill not only vaccinators but also parents who get their children immunized. That threat has had a chilling effect on anti-polio efforts nationwide.

• OIL
  Oil Prospectors Shift Back to Wealthy Lands

  In this land of towering peaks and gurgling streams, Simon Bridges wants to be lord of the rigs.

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