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MUST-READS
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The True Nature of the Saudi Succession “Crisis”
Like every nation in the world, the Kingdom faces major internal and outside challenges, has many areas where its future is unpredictable, and always has some form of disastrous worst case as a possible scenario. As succession crises go, however, the choice of next Saudi king is likely to be a non-crisis. The Kingdom has come a long way since the struggle that brought Ibn Saud to power. It is now a modern state by most standards, and its royal politics – while both interesting and uncertain – seem unlikely to be a serious source of instability or lead to serious shifts in its strategic role and partnership with the United States.
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Charlie Hebdo: Gun attack on French magazine kills 12
Gunmen have attacked the Paris office of French satirical magazine Charlie Hebdo, killing 12 people and injuring seven in an apparent Islamist attack. Three masked attackers opened fire with assault rifles in the office and exchanged shots with police in the street outside before escaping by car. The gunmen shouted "we have avenged the Prophet Muhammad", witnesses say.
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GCC customs union fully operational
The long-awaited GCC customs union became fully operational from January 1. The move signifies a qualitative leap towards a full-fledged regional common market. The first phase of the customs union was launched in January 2003 and its full implementation has taken 12 years. Hurdles like how customs revenues would be shared by member-states according to their economic weight delayed the union’s final phase.
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Opinion: The Paradigm Shift in Saudi Economic Policy
Government tenders rely on being “cheap,” though in the end the cheapest project sometimes turns out to be the costliest when one considers long-term factors such as maintenance and repairs. There have been many who have noticed this, and there are a number of government projects that were once considered cheap but have turned out to be bad value for money in the long run.
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Women Who Violated Saudi Arabia Ban On Female Driving May Face Charges
Two women have been held in a Saudi prison for nearly one month for trying to break the ban on female drivers have been referred to a court on terrorism charges.
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U.S. Stockpiling Fighting Vehicles, Gear in Kuwait Ahead of Anti-ISIS Offensive
Since June, the U.S. military has been slowly stockpiling massive amounts of its gear coming out of Afghanistan at a depot in Kuwait adjacent to a bustling commercial port, in preparation for ultimately shipping it across the border into Iraq for an allied offensive against the Islamic State group.
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Israel’s Natural Gas Supply Offers Lifeline for Peace
The Israeli navy had detected smoky signs that a rocket might have been fired by Hamas from the shores of Gaza. As a voice over the loudspeaker warned to take cover, the crew raced up the metal stairs to a small gym that doubles as an air raid shelter.
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Oil prices fall on market relief over Saudi policy
"Oil markets will take comfort from the speed and stability of the succession process, and the announced pledge for continuity of policy," said Majid Jafar, chief executive of Crescent Petroleum, a UAE-headquartered oil and gas producer focussed on the Middle East.
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Republicans invite Netanyahu to address Congress as part of spurning of Obama
Republicans in Congress moved quickly Wednesday to reject many of President Obama’s proposals from the State of the Union address — and invited the prime minister of Israel to rebut Obama’s Iran policy from the same congressional podium next month.
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Middle East IPO outlook dims as oil slides
Companies raised $11.5bn in 27 IPOs in 2014, four times the $3bn raised through 25 IPOs in the previous year, according to EY's IPO report for the fourth quarter of last year. But the outlook for 2015 looks murkier.
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