MUST-READS

• Car Sales
  Saudi Arabia’s car market sees record sales during H1

  Research compiled by motory.com, a Saudi-based automotive portal, showed Toyota topped the sales chart, despite numerous recent recalls, capturing a 35 percent share of the market with over 150,000 vehicles sold.

• Refining Margins
  Refining Saudi Arabia’s Oil Strategy

  Those banking on a rebound in oil prices shouldn’t look down. Downstream, that is.

  • MarketWatch - Oil slips, Saudi Arabia’s December prices in focus
• U.S. Foreign Policy
  John Kerry: The Cold War Was ‘Easy’ Compared to Today

  “The Cold War was easy compared to where we are today,” the secretary of State said Thursday, during an appearance at The Atlantic‘s Washington Ideas Forum, an annual event that features high-profile speakers in government and the private sector. For the U.S. as a superpower, Kerry said, managing many countries’ competing interests is more difficult than dealing with just one other superpower, like the Soviet Union back then.

• Boeing Sales
  Boeing books first sales to Iran since 1979

  Boeing said on Wednesday it had sold aircraft-related goods to Iran Air in the third quarter, marking the first acknowledged dealings between U.S. aerospace companies and Iran since the 1979 U.S. hostage crisis. The Chicago-based aerospace and defense company said in a filing that it sold aircraft manuals, drawings, navigation charts and data to Iran Air to help improve the safety of Iran's civil aviation industry.

• Petrochemicals
  Sinopec Buys Saudi Yanbu Refinery Stake for $562 Million

  China Petrochemical Corp., Sinopec’s state-owned parent, signed an agreement with Aramco in January 2012 to develop a refinery in the Saudi city of Yanbu at a cost of as much as $10 billion. The 400,000 barrel-a-day plant may start this year, Saudi Aramco Chief Executive Officer Khalid al-Falih said at the time.

• Turkey
  The White House would be a tiny wing of Turkey’s new presidential palace

  Turkey's President Recep Tayyip Erdogan this week unveiled his new palace in the outskirts of the country's capital, Ankara. The gaudy residence boasts 1,000 rooms and apparently cost some $350 million to construct. Its total area, according to the AFP, encompasses some  2,150,000 square feet.

• Saudi-Iran
  Slow progress in Saudi-Iranian ties

  The Middle East is going through many developments, most notably the fluctuations of Saudi-Iranian ties, which affect the future of the countries in the region including that of Lebanon.

• MERS
  Saudi Arabia finds six new MERS cases as outbreak grows

  Saudi Arabia said late on Wednesday it had detected six new cases of the deadly Middle East Respiratory Syndrome (MERS) in 24 hours, the biggest daily jump for months with officials blaming lax hospital procedures.

• U.S.-Israel Relations
  The Crisis in U.S.-Israel Relations Is Officially Here

  The relationship between these two administrations— dual guarantors of the putatively “unbreakable” bond between the U.S. and Israel—is now the worst it's ever been, and it stands to get significantly worse after the November midterm elections. By next year, the Obama administration may actually withdraw diplomatic cover for Israel at the United Nations, but even before that, both sides are expecting a showdown over Iran, should an agreement be reached about the future of its nuclear program.

• Terrorism Warning
  US warns of terrorist attacks on American schools across Middle East

  The US issued a security warning against terrorist attacks on western schools in the Middle East, including one in Cairo's south district of Maadi. The warning from the US State Department's Bureau of Diplomatic Security cited an "anonymous" post on a jihadist website, which it said "encouraged attacks against American and other international schools in the Middle East, including western teachers employed at these schools."

  • McClatchy - Obama administration ramps up security amid threats
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