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MUST-READS
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Opinion: The Islamic State Reshapes the Middle East
While the group certainly funnels a substantial portion of its power into dispersed guerrilla formations and retains a significant regional terrorist apparatus, it remains something rather new for the region — an Islamist movement acting as a regional state.
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Islamic State toughens tactics in Iraq’s Anbar, targeting potential enemies
A recent Islamic State offensive in Iraq’s Anbar province suggests that the extremist organization is changing tactics, relying less on local Sunni Muslim tribes for support and carrying out what one coalition strategist called a “counterinsurgency campaign” intended to undercut any U.S.-led effort to enlist tribes against it.
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Saudi National Detained At Fort Sam Houston With Explosives
Officials at Fort Sam Houston say they’ve taken into custody the driver of a vehicle that military officials say contained explosive materials, and which sparked a lockdown at the San Antonio Army base.
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Saudi Arabia: Islamic State Group Linked to Attack
Interior Minister spokesman Mansour al-Turki said in a statement carried by the official Saudi Press Agency that an investigation found that a 77-person terrorist cell helped with financing, planning and carrying out the Nov. 3 attack. He said some members of the cell had been in touch with Islamic State militants and received orders from abroad.
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Oil Price Slide May Curb Gulf States’ Spending Plans
Government spending by the Middle East’s oil exporters jumped above $700 billion in 2011 and grew by about 15% annually until this year, when estimates show the rate of increase slowing, according to the Institute of International Finance “If revenues are not forthcoming, something has to give,” said John Sfakianakis, the Middle East regional director for Ashmore, a U.K.-based emerging-market asset manager. “Eventually some of these huge projects will have to slow down.”
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Opinion: Why Jerusalem is so explosive
Even back in the days when you could still use the term "peace process" with a straight face, the odds of solving the Jerusalem issue were already pretty long. Then, I would have put those odds a bit north of impossible and a little south of hopeless. Things are even worse now.
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ISIS War Claims Heavy Toll On Drone, Intelligence Operators at Home
Whether it’s providing intelligence to help the president of the United States decide on a long-term strategy or issuing real-time information to friendly forces in the middle of a firefight, Air Force operators supporting surveillance flights must work constantly to analyze and decipher agonizing amounts of data. In 2013 alone, the 480th’s 6,000 airmen processed 20 terabytes of data per day, found 50 improvised explosive devices and provided eyes from above during 300 firefights.
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Russia to Cooperate With Saudi on Oil While Avoiding Output Cuts
While the Russian government has discussed a cut, it has no current plans to reduce output to arrest the decline, according to Energy Minister Alexander Novak. It hasn’t made a final decision because the economy is heavily dependent on oil revenue, he said today in Moscow. “We expect annual oil production levels of 505 to 520 million now and in the future,” Novak said. Output of 505 million metric tons is equivalent to about 10.1 million barrels a day, while Saudi Arabia’s output last month was 9.75 million barrels a day last month, according to Bloomberg estimates. Oil and gas account for more than half of Russia’s budget revenue.
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Saudi Kayan Signs Two Islamic Financing Deals Totalling $700m
Saudi Kayan Petrochemical Company, an affiliate of Saudi Basic Industries Corp (SABIC), has signed two Islamic financing deals totalling SAR2.63 billion ($700 million), it said in a statement on Thursday. It signed a SAR1.5 billion agreement with National Commercial Bank, the Kingdom’s largest lender by assets, for up to 15 years, and a SAR1.13 billion facility with Samba Financial Group, another Saudi Arabian lender, for up to 10 years.
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New debate in Saudi over women’s right to drive
The country has been witnessing tense debates, mainly on social media, over the merit of allowing women to drive, with each camp resorting to social, economic and religious arguments to reinforce their views. Al Ghaith’s tweet was the latest trigger to re-launch the debate.
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