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“The pace and intensity of violence are accelerating,” said Robert Danin, a former U.S. diplomat who is a senior fellow at the Council on Foreign Relations. “But it’s not at all clear there is a diplomatic means to stave it off. That’s what’s probably the hardest thing for American officials to get their heads around: What can you do, given how incendiary the environment there is?”
Iraq's Kurdistan region has temporarily shelved its dreams of becoming a new Dubai -- a glittering, oil-rich haven from chaos. With the fight against the Islamic State at its doorstep, Kurdish leaders are focusing on keeping their region free of jihadi violence and on navigating the treacherous waters of relations with Baghdad, Turkey, and Iran. In the midst of a deep economic crisis, their financial salvation has rested on disputed oil flowing from fields now under Kurdish control.
Despite strained ties between Saudi Arabia and Iran, an Iranian envoy had relayed a request from Tehran to Riyadh asking for Saudi help in persuading the American side to show some flexibility in the negotiations between Iran and the P5+1 to facilitate the signing of a final agreement over the Islamic Republic’s nuclear program before Nov. 24, diplomatic sources told The Daily Star.
The “Manama Declaration on Combating the Financing of Terrorism” spelled out steps for shutting down the money flows to groups like IS. It called on all signatory states to join the Egmont Group, an informal body of financial intelligence units from 135 countries that was formed in 1995. It called for beefing up the United Nations Counter Terrorism Center, a relatively new UN agency launched at the initiative of King Abdullah of Saudi Arabia and largely funded by the KSA.
The Penguin is the face of the 2014 Palestinian uprising in Jerusalem, of the rancor and violence that have been roiling the ancient city for the past four months. The Penguin is the victim or the troublemaker, depending in part on which side of Jerusalem — Arab or Jewish — you call home.
Saudi banks’ high net income is expected to continue to drive robust internal capital generation and substantial loss-absorption capacity. Although capitalisation levels to decline slightly as the banks increase lending.
Saudi Arabia will continue to show strong economic growth this year despite the fall in oil prices, said Finance Minister Ibrahim Al-Assaf on Sunday. He attributed his prediction to the huge government expenditures on major infrastructure projects across the country.
Life inside the world’s most notorious terror organization isn’t all murder and mayhem. Veteran members of Islamic State are using a social-networking website to answer more mundane questions from aspiring militants, who want answers on such prosaic issues as what to wear, how cold it gets, if they have to buy their own weapons, whether there’s wi-fi, and whether they have to clean up after themselves.
EIA’s recently released November Short-Term Energy Outlook (STEO) projects that Brent crude prices will average $83/barrel in 2015, $18/barrel lower than last month’s outlook for 2015. STEO projects prices to remain in the $80 to $90 per barrel range next year, bottoming out under $82/barrel in the second quarter when balances are loosest and then increasing during the second half of 2015 to average $86/barrel in the fourth quarter.
There is a saying in North Waziristan: The people there are stuck “between drones in the sky, and daggers on the earth.”
