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MUST-READS
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Why Does Saudi Arabia Seem So Comfortable With Falling Oil Prices?
And blame — or credit — for the plummeting prices is falling squarely on Saudi Arabia.
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Arab road trip movie tackles stereotypes and taboos
"I just take three young men - an Egyptian, a Saudi and a Syrian - who set off from Abu Dhabi on a trip to Beirut for New Year's Eve. Beirut is a party town but to get from the Gulf you have to cross Saudi Arabia, Jordan and Syria. These places just created their own stories, their own laughs."
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2 quakes hit west Jeddah
Two earthquakes registering 2.65 and 3.1 on the Richter Scale struck the west of Jeddah on Sunday, but there were no reports of injuries, loss of life or damage to property.
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Why Saudi Arabia’s best bet may be to increase output
In their latest oil note, Goldman Sachs describe the oil market as having a “dominant firm/competitive fringe” structure, in contrast to say a monopolistic or perfect competition structure.
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Afghan president visits Saudi Arabia
President Ghani was welcomed to Riyadh by Saudi Arabia’s Crown Prince Salman Bin Abdulaziz, who also serves as deputy prime minister and minister of defense. According to the Saudi Press Agency (SPA), the two men discussed “prospects for cooperation between the two brotherly countries, ways of enhancing them in all fields, and the latest developments at regional and international arenas.”
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100 Saudi students deported from US every year
The students were deported for violating immigration rules, marriage conflicts, forgery, depression and ethical issues, Mohammed Al Issa told Saudi daily Al-Hayat.
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Lebanon Cabinet votes to stop accepting Syrian refugees
The Cabinet’s decision will “stop the flow of all Syrian refugees except those with an exceptional humanitarian case,” Joreige said. Also, the UN refugee agency will need an approval from the Ministry of Social Affairs before registering any Syrian national as a refugee. The minister also said the government would encourage "refugees to return home or to go to any other country by all possible means.” The plan also calls for dropping the refugee status of anyone who set foot on Syrian territory.
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Islamic State militants allegedly used chlorine gas against Iraqi security forces
Chlorine bombs are an easy-to-create but inexact weapon, experts say. All that is needed is a small explosive charge to rupture containers filled with the substance. “It’s difficult to deliver on target in combat situations,” said Jean Pascal Zanders, an independent researcher who specializes in chemical and biological weapons and disarmament. “Chlorine dissipates fast unless someone is able to concentrate it in a confined area.” Fighters in Duluiyah say it was not the only time chlorine has been used against them. Another attack this month caused minor injuries, and the fighters were treated locally, police officials said.
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Gaza rebuilding slowed by trickle of aid, rivalry
Several dozen tons of cement bags stored in a warehouse are one of the few tangible achievements so far of a $2.7 billion plan to rebuild war-wrecked Gaza Strip. The program was launched with high expectations at an international conference in Cairo on Oct. 12, but has run into obstacles, including wrangling between the rival Palestinian factions Hamas and Fatah for control in Gaza and what officials say has been a trickle of promised aid.
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A power shift in global oil dynamics
Ruchir Sharma, the head of Morgan Stanley's emerging markets investments, points out that over the last decade, Chinese oil demand had been increasing on average 7 percent every year. Until now. The Chinese juggernaut's seemingly insatiable appetite for commodities like oil has screeched to a halt. Growth in Chinese demand for oil is currently running at about zero. This comes as a huge surprise. China accounted for about 50 percent of the increase in oil demand over the past 10 years, Sharma points out.
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