Saudi Arabian forces, joined by nine other Gulf Arab allies, have launched a military operation in Yemen against Shiite Houthi rebels, the Saudi ambassador to the U.S. said. According to Ambassador Adel al-Jubeir, the military operation in Yemen started at 7 p.m. EST (11 p.m. GMT) on Wednesday night. Adel al-Jubeir said that Saudi Arabia … Continue reading
Qatar’s emir, Sheikh Tamim bin Hamad Al -Thani, issued a law Tuesday on the financial system of the State that will push back the end of fiscal year 2014/2015 for the General State budget to December 31 from March 31, the official Qatar News Agency reports. The new financial system law will also give additional power to the … Continue reading
By F. William Engdahl The dynamics of Russian foreign policy since the USA has forced a de facto declaration of war via financial and economic sanctions against Russia is impressive to put it mildly. Whether it will suffice to break the economic siege of Washington and open the way for a genuine global economic alternative to … Continue reading
By Stratfor Global Intelligence In spite of recent media leaks and statements, it is unlikely that Saudi Arabia will strategically alter its opposition to the Muslim Brotherhood. The rhetorical softening of the new monarch’s position toward the Islamist movement is instead part of efforts to better manage Saudi Arabia’s regional challenges. In order to effectively … Continue reading
Gulf producers may find it a struggle to keep their share of the global oil market as Russia is boosting crude exports to Asia after upping supplies by 25 percent to China, Japan and South Korea in 2014. Russia is the world’s third largest oil producer and has increased oil supplies to Asia to 51 … Continue reading
By Jennifer Hunt University of Sydney In his first royal decree, Saudi Arabia’s newly crowned King Salman announced two-month bonuses for state employees, pensioners, students, and recipients of social service programs (that is, everyone in the country with a Saudi passport). It adds billions of dollars’ worth of spending to a budget already hit hard … Continue reading
By Vladimir Odintsov In its quest for world domination, which the White House has been pursuing for more than a century, it relied on two primary tools: the US dollar and military might. In order to prevent Washington from establishing complete global hegemony, certain countries have recently been revising their positions towards these two elements … Continue reading
Loretta Napoleoni: Little will change after death of King Abdullah, but the Saudis cannot sustain low oil prices for much longer; they have lost control of ISIS; and their big fear is revolution. . Video: An interview with Loretta Napoleoni, an Italian journalist and political analyst whom is an expert on the financing of terrorism and is known … Continue reading
Russian President Vladimir Putin is due on Thursday to hold talks with his Venezuelan counterpart Nicolas Maduro, who will arrive in Russia on a working visit, presidential spokesman Dmitry Peskov has said. “In fact, President Putin plans to hold such a meeting on Thursday,” Peskov said, confirming earlier reports from Venezuelan sources. The sides will … Continue reading
The United Arab Emirates (UAE) Oil Minister, Suhail bin Mohammed al-Mazroui, said on Tuesday that the fall in oil prices was not justified, as the price in Brent crude oil fell below $46 a barrel in Asian trading hours to the lowest level in nearly six years. The UAE Oil Minister, speaking at an energy … Continue reading