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"This is a structural change in the oil market, with Saudi Arabia explicitly stating that they are willing to compete on price," said Bjarne Schieldrop, a commodities analyst at SEB. The drop in price comes at a time when the Organization of Petroleum Exporting Countries (Opec) and the US are increasing output.
Saudi Aramco sharply cut official oil prices for Asian customers in November, the state-run company said on Wednesday in the clearest sign yet the world's largest exporter is trying to compete for crude market share. The move comes amid calls from some within the Organization of the Petroleum Exporting Countries (OPEC) for action to shore up prices, as international benchmark Brent crude oil has slumped to a two-year low.
Once the deal is through, Saudi Arabia will become the eighth country operating Patriot air defense complexes after the US, Germany, Japan, Kuwait, the Netherlands, Taiwan and the United Arab Emirates. Washington has been reinforcing its Gulf allies with new air defenses lately with Kuwait starting to receive PAC-3 missile in January and Qatar signing a $11 billion deal and obtaining its first Patriot systems in July.
Qatar Airways plans to launch domestic Saudi operations under Al-Maha Airways, which will have a similar logo to the national carrier and will operate flights in major domestic routes.
Saudi Electricity Co has signed contracts worth 2.56 billion riyals ($682.5 million) to supply power to the Riyadh metro, which is currently under construction, the kingdom's state news agency reported on Tuesday.
The alliance between Saudi Arabia and the United Arab Emirates (UAE) has raised the real possibility that the current power vacuum could be filled. The two countries have a history of conflict resolution, and importantly, shown no imperialist ambitions.
The urge to document their every move at the holy mosques of Makkah and Madinah, and to share these precious moments with friends and families on social media has resulted in more pilgrims using their phones in the holy mosques than they once used to. Many believe such behavior can be a deterrent to achieving humility and tranquility while performing acts of worship, especially during the once-in-a-lifetime journey of Haj.
Anonymous officials have questioned the imminence of the threat in some news reports, but the primary reason officials are so concerned about the Khorasan Group is the makeup of its membership. The network reportedly includes as many as several dozen operatives from Afghanistan and Pakistan (Khorasan, in jihadist terminology), South Asia, North Africa and the Middle East. Its leader, Fadhli -- if he is still alive -- is uniquely positioned to lead a group of al Qaeda operatives from around the world, having had direct experience fighting with and/or organizing and raising funds for al Qaeda affiliates from Afghanistan, Yemen, Kuwait and even Iran.
“One of the things you’re seeing in this air campaign is the fruition of two decades of interoperability and procurement activities, training activity and education activities with our allies in the region,” Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, said Friday during a press briefing at the Pentagon. These nations “are performing just as well as we are on the issue of precision and reducing the possibility of collateral damage,” Dempsey said.
Even as the government has continued to equip volunteers, the de facto amnesty for deserters is an acknowledgment that the army desperately needs experienced soldiers — even ones who ran — for a force that is sustaining heavy losses despite the American-led airstrike campaign against the Islamic State, also known as ISIS.
