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Oil hovers at $61 after brutal day, Saudi comments
Oil was dealt a series of blows on Wednesday. Among them, the U.S. Energy Information Administration said oil inventories rose by 1.5 million barrels in the week ending Dec. 5, against forecasts for a decrease in supplies of around 3 million barrels.
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Afghan economic crisis looms as foreign aid dollars depart
Afghanistan's fragile economy has lost around a third of its value in the past year as international aid organizations that poured in cash for more than a decade have drastically scaled back after Western forces effectively ended their 13-year war against the Taliban.
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Middle East leaders mourn Saudi Arabia’s King Abdullah
Leaders from across the Middle East have paid tribute to the late King Abdullah bin Abdulaziz, who died on Friday morning.
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Saudi Arabia Climbs To 2 On Logistics Index
Saudi Arabia climbed to number two, behind China, while Gulf states the UAE, Qatar and Oman ranked top for “market compatibility” on this year’s Agility Logistics Index.
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IEA: Oil slump to drag on non-OPEC supply growth
"A price recovery--barring any major disruption--may not be imminent, but signs are mounting that the tide will turn," the IEA said in its closely watched monthly oil market report, as it slashed its forecast for the increase in non-OPEC oil supply this year by 350,000 barrels a day. The knock-on effect of that is an expected increase of 300,000 barrels a day in demand for OPEC's oil this year to 29.2 million barrels a day.
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Abbas dramatically challenges Israel after 10 cautious years
The court bid is part of a wider strategy Palestinians hope will bring international pressure to bear on Israel and improve their leverage in future statehood talks. They say the approach stems from frustration with two decades of failed talks overseen by staunch Israeli ally America. Israel accuses Abbas of trying to replace negotiations with a campaign to delegitimize the Jewish state.
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Asian Cup 2015: Saudi Arabia preview, profile, tactics and key players
It’s tough to call on what to expect from Saudi Arabia during the tournament. On the one hand, the squad has depth and a wealth of experience in addition to some exciting young players just starting to burst onto the first team scene. On the other hand, this is a side that has been fraught with inconsistency in recent years with absolutely no consistency in the management set-up. The Green Falcons are now on their 11th manager in 10 years with some (Nasser Al Johar and Rogerio Lourenco) lasting less than a month in charge.
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Analysis | ISIS and the Saudi Intel Chief’s Washington Visit – Harb
Washington and Riyadh awoke to reports of an attack on a Saudi guard post near Arar on the border with Iraq’s Anbar Province that took the life of two defenders. The Saudi Interior Ministry acknowledged a senior officer and one guard were killed in the attack according to the UK’s Telegraph, which said the commander of border operations in Saudi Arabia’s northern zone, a general officer, was one of those killed. The direct attack on Saudi forces is a reminder of the proximity of the threat posed by Daesh (ISIS) to the Kingdom.
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Afghan mountain hamlet a proving ground for army
Over the last 18 months, U.S. and NATO forces have been closing their bases across the country, taking their battlefield prowess, air support and medical evacuation assets with them. The war is meanwhile creeping into urban and residential areas, putting ordinary people at greater risk. Civilian casualties look set to hit 10,000 in 2014, the highest yearly total of dead and wounded since the U.N. began keeping records in 2008. More than 75 percent of the deaths and injuries are caused by Taliban attacks, according to the U.N.
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Iraqis bicker over liberating Mosul
Plans to liberate Mosul, a key stronghold of the Islamic State (IS), are gaining momentum in Iraq. Many Sunni Arabs who initially tolerated IS are now seeking revenge for its killing families and friends and confiscating their property.
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