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 […]
A Prince’s $500 Billion Desert Dream: Flying Cars, Robot Dinosaurs and a Giant Artificial Moon…
This seaside corner of northwest Saudi Arabia is so barren that the only abundant resources a group of consultants could identify were sunlight and “unlimited access to salt water.” But Saudi Crown Prince Mohammed bin Salman didn’t see a wasteland when he landed in his helicopter here a few years ago. He saw the future— […]
Boeing Loses $5.9 Billion 737 MAX Order to Airbus as Saudi Airline Loses Patience…
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
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, […]
U.S. Oil Output Tops 12 Million Barrels a Day for First Time…
U.S. crude output soared to new heights in April, highlighting OPEC’s dilemma just days before the producer group meets amid growing geopolitical threats. A government report on Friday showed U.S. production grew 2.1% in April to 12.16 million barrels a day. Booming shale production from places like the Permian basin of West Texas have enabled […]
UK Suspends Saudi Lisences for ‘Illegal’ Arms That Are Used in Yemen’s War…
The British government on Thursday said it would suspend issuing new Saudi licenses for the sale of arms that might be used in the Gulf kingdom’s bombing campaign in Yemen. International Trade Secretary Liam Fox announced the decision in parliament after a British court ordered the government to “reconsider” sales due to their humanitarian impact. […]
Senate Rebukes Trump with Vote to Block Arms Sales to Saudi Arabia, UAE…
The Senate voted to block arms sales to Saudi Arabia and the United Arab Emirates on Thursday, rebuking President Donald Trump’s foreign policy in the aftermath of the murder of Saudi journalist Jamal Khashoggi. Trump, whose administration signaled it would bypass congressional opposition to the sale of arms, is expected to veto the Senate’s resolutions. […]
France Takes Unprecedented Action Against Reporters Who Published Secret Government Document…
Journalists in France are facing potential jail sentences in an unprecedented case over their handling of secret documents detailing the country’s involvement in the Yemen conflict. Earlier this week, a reporter from Radio France and the co-founders of Paris-based investigative news organization Disclose were called in for questioning at the offices of the General Directorate […]
Trump Dismisses NYTs Report on 120k-Troop Iran Plan: ‘Fake News’…
President Trump attacked as “fake news” a report Tuesday saying the Defense Department revised plans for sending up to 120,000 troops to the Middle East, should Iran attack American forces or speed up its work on nuclear weapons. The New York Times report said acting Defense Secretary Patrick Shanahan presented the updated plan at the […]
Iran’s Leader Khamenei States “Neither we nor the #US are after a #war. They know that war is not in their interest. There will not be a war.”…
#Iran’s leader (in meeting with government officials): The definitive option of Iran is resistance against #US, & in this confrontation the US will be forced to retreat. This confrontation is not a military one, because a war is not expected to happen. #Iran’s leader: Neither we nor the #US are after a #war. They know […]
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