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Oil SlumpA Different Kind of Oil Crisis
In a world that has become acclimated to sky-high oil prices, the Great Oil Crash is shaping up to be good news for cash-strapped Americans on the brink of the winter heating season. For the major oil economies, not so much. And oh, by the way, that now includes the United States.
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RefugeesRefugee wave from Syria and Iraq now a ‘mega crisis,’ U.N. official says
The crises in Syria and Iraq have caused a flood of refugees that could destabilize neighboring countries and pose a threat to countries around the world, the senior refugee official for the United Nations said Monday. More than 13 million people, roughly the equivalent of Istanbul or greater metropolitan London, have been displaced by the conflict in the two countries, said António Guterres, the U.N. High Commissioner for Refugees.
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LebanonLebanon’s Druze, unhappily, are being dragged into Syria’s war
The bloody wars roiling the Middle East from Lebanon to Iraq’s border with Iran are essentially political struggles for power and control. But the two main protagonists are adherents of the Sunni and Shiite branches of Islam. That leaves the region’s religious minorities, like the Druze who only number around one million in the Middle East, facing the agonizing – and potentially existential – decision of who to support in order to ensure communal survival. But siding with one risks turning the other into an enemy.
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Miteb Bin Abdullah U.S. VisitSaudi National Guard Chief To Seek More US Backing
Prince Miteb bin Abdullah, the National Guard minister, will hold talks with President Barack Obama and Defense Secretary Chuck Hagel during the visit which will last several days, the Saudi Press Agency reported. Prince Miteb, the son of King Abdullah, will also meet top US officer the chairman of the Joint Chiefs of Staff, Gen. Martin Dempsey. The visit comes with Saudi Arabia participating in US-led coalition air strikes targeting extremists of the Islamic State group in Syria, which has raised concerns about possible retaliation in the kingdom.
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EducationSaudi Arabia passes children’s rights bill
The Council of Ministers on Monday passed a bill to protect children's rights, including the right to have uninterrupted education.
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Extremism9/11 terrorist Moussaoui claims Saudi involvement
From his cell in a maximum security prison, terrorist Zacarias Moussaoui is reviving old allegations and making new ones against al Qaeda and a handful of Saudi royals.
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Real EstateSaudi investment firm Jadwa eyes real estate push
Saudi Arabia's Jadwa Investment, one of the country's largest privately owned investment firms, says it is planning to invest in domestic real estate as it expands into new asset classes, hoping to cash in on booming demand for new homes. Supply of housing in Saudi Arabia lags strong demand, the result of rapid population growth and slow progress in government building programmes designed to ease the shortage.
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AfghanistanWell-known Afghan lawmaker and women’s rights activist survives car attack
A suicide bomber targeted a well-known Afghan lawmaker and women’s rights activist on Sunday in the Afghan capital, killing at least three and injuring 22, officials said. Shukriya Barekzai, an outspoken member of parliament, suffered minor injuries when the attacker rammed a vehicle laden with explosives into her armored car, witnesses said.
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ISIS KillingsU.S. hostage Peter Kassig is killed by Islamic State
The announcement of Kassig's death, the fifth such killing of a Western captive by the group, formed part of a 15-minute video posted online in which Islamic State showed the beheadings of at least 14 men it said were pilots and officers loyal to Syrian President Bashar al-Assad.
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NCBSaudi Arabia’s NCB Shares Sharply Higher After $6 Billion IPO
On Thursday, the shares jumped another 9.6% to 54.25 riyals.
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