MUST-READS

• Oil Set for Best Week Since June as Saudi Arabia Talks Tough

  Futures in New York were little changed, after climbing 2% Thursday to their highest in two weeks. Saudi Arabia’s Prince Abdulaziz bin Salman used Thursday’s OPEC+ Joint Ministerial Monitoring Committee meeting to lambast cartel members that have cheated on production quotas. He was backed by Russia’s Energy Minister Alexander Novak, who said the group should continue to strive for high compliance.

  • Reuters - Saudi Arabia crude exports rebound in July from historic lows
• Iraq-Saudi border crossing to reopen within 20 days: Iraqi government

  The Arar crossing closed in 1991, when relations between the two countries deteriorated after then-Iraqi president Saddam Hussein invaded Kuwait. Iraq-Saudi relations were further damaged under the tenure of former Prime Minister Nouri al-Maliki, who is accused of furthering Iran’s interests in the country. Rapprochement between the two began in 2015, when Saudi Arabia reopened their Baghdad embassy after 25 years of closure.

• Saudi Arabia announces more than $200 million in UN aid funding to Yemen

  The $204 million in funding announced by KSrelief on Friday will form part of the $500 million originally pledged by the Kingdom during a conference hosted by the United Nations and Saudi Arabia in June of this year.

• The foreign policy issues that divide Trump and Biden

  Republican President Donald Trump won election in 2016 promising to put “America First,” overturn what he said were unfair trade deals and force U.S. allies to pay more toward joint defense measures.

• Meet the Taylor Swift-loved Saudi VFX producer behind her hit videos 

  “Now we’re getting to hear a lot more stories that come from Saudi, that come from my culture, from our traditions,” she said. “It’s amazing to see all these amazingly talented people – writers, directors, producers (and) artists – all having this ability and opportunity to share their stories.”

• U.S. hopes to name Qatar as major non-NATO ally, official says

  The United States hopes to move forward with naming Qatar as a major non-NATO ally, a status that provides foreign nations with benefits in defense trade and security cooperation, a senior U.S. official said on Thursday. “We’re going to move ahead, we hope, with designating Qatar a major non-NATO ally,” Timothy Lenderking, the U.S. deputy assistant secretary of state for Arabian Gulf affairs, told reporters in a conference call.

  • Bloomberg - U.S. Working With Qatar to Normalize Israel Ties, Official Says
• Oil prices fall after Haftar signals Libya output to resume

  Oil prices edged lower on Friday after Libyan commander Khalifa Haftar said a blockade on Libyan oil exports, which has been in place since January, would be lifted.

• Ethiopia brings some migrants home as concern over Saudi camps grows

  Ethiopia will repatriate nearly 2,000 migrants from Saudi Arabia in the coming weeks, a government minister said on Thursday, amid growing international concern over conditions in migrant detention camps.

• Saudi T20 launches ‘sustainable future’ webinars

  Along with the Kingdom’s efforts to host the G20 summit in November, King Abdullah Petroleum Studies and Research Center (KAPSARC), in partnership with the King Faisal Center for Research and Islamic Studies, announced the start of T20 Summit Season on Thursday.

• New Saudi airbase to deliver partner, coalition strength

  Personnel from the Technical Affairs and Aviation divisions of the Office of the Program Manager-Saudi Arabian National Guard oversaw the contract and managed construction of Dirab Airbase – a sprawling $250 million complex that is being dubbed the Aviation Center of Excellence for the Middle East. It is modeled after the Army’s Aviation Center of Excellence at Fort Rucker – the Army aviation training center that educates military, civilian, and international students in aviation warfare doctrine and leadership skills.

  • Military Bases - US Military Bases in Saudi Arabia
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