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Saudi Arabia Acknowledges Defeat in Yemen – Starts to Sue for Peace…

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Two weeks ago we wrote that war on Yemen will soon end. The Saudis lost their ally, they lost the war and would have to sue for peace. They are now doing so. But they fighting in Yemen will continue until that country finds a new balance. Today the United Arab Emirates airforce bombed the […]

Saudi Arabia’s $200M a Day Fails to Conquer Yemen…

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Saudi Arabia has essentially been booted from Yemen after four years of bankrolling mercenaries at the cost of $200 million a day to crush impoverished desert tribesmen. As of mid-June, the Yemen Civil War that began in 2015 had seemingly settled into a stalemate after about 39,700 battles and the loss of about 91,600 lives, […]

Why Is Saudi Arabia Giving Up a Tract of Land the Size of Massachusetts for “The World’s First Independent International Zone”?…

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Under the leadership of Saudi Crown Prince Mohammed bin Salman, a $500 billion “mega-city” is being constructed in the northwestern corner of Saudi Arabia. This city has been named “Neom”, and when it is fully completed it will be approximately “the size of Massachusetts”. The Wall Street Journal was able to recently examine 2,300 pages […]

Boeing Loses $5.9 Billion 737 MAX Order to Airbus as Saudi Airline Loses Patience…

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The Saudi budget airline Flyadeal has lost patience with the ongoing grounding of Boeing’s flagship 737 MAX airplane, and on Sunday announced it would not proceed with a $5.9 billion order for 30 Boeing 737 MAX aircraft, instead opting for a fleet of Airbus A320 jets, with options for a further 20 of the jets. […]

OPEC Slashes Oil Prices In Response To Soft Demand

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The new OPEC/OPEC+ production cut agreement is now a confirmed fact, the world’s leading crude producers (the United States excepting) have agreed to prolong the supply coordination mechanism that has been in place since November 2017 for a further 9 months, up until March 2020. The extent of the cut remains the same, i.e. 1.2mbpd, […]

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