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mjumaia

A more competitive Saudi middle class - 0 views

www.arabnews.com/competitive-saudi-middle-class

Saudi economy middle class politics competitive

shared by mjumaia on 21 Apr 15 - No Cached
  • mjumaia on 21 Apr 15
     
    While it seems that the country is doing great on a national level, many local and international economic observers have showed their fear over the impact of changes that are affecting Saudi society. The stereotype about Saudi Arabia thats everybody is rich but not really. Saudi Arabia has middle class that struggle sometimes.
ysenia

The Russia-Iran Alliance is Weaker Than You Think | The National Interest - 0 views

nationalinterest.org/...lliance-weaker-you-think-15685

alliance russia Iran weak

shared by ysenia on 05 Apr 16 - Cached
  • ysenia on 05 Apr 16
     
    Russia-Iran alliance has been an ongoing issue and is not as strong as it has been previously made out to be. Economic and militant relations are limited and at times are more competitive with one another than they should be. Serve as threats to each other and there is a lot of tension between the two.
wmulnea

Saudis block OPEC output cut, sending oil price plunging | Reuters - 0 views

uk.reuters.com/...-meeting-idUKKCN0JB0M420141127

shared by wmulnea on 05 Feb 15 - No Cached
  • This outcome set the stage for a battle for market share between OPEC and non-OPEC countries, as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down by about a third since June.
  • Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.
  • "It is a new world for OPEC because they simply cannot manage the market anymore. It is now the market’s turn to dictate prices and they will certainly go lower," said Dr. Gary Ross
  • ...6 more annotations...
  • and Algeria had calling for output cuts of as much as 2 million bpd.
  • The wealthy Gulf states have made clear they are ready to ride out the weak prices that have hurt the likes of Venezuela and Iran
  • hoped that lower prices would help drive some of the higher-cost U.S. shale oil production out of the market.
  • The Organization of the Petroleum Exporting Countries accounts for a third of global oil output.
  • A price war might make some future U.S. shale oil projects uncompetitive due to high production costs, easing competitive pressures on OPEC in the longer term.
  • "We interpret this as Saudi Arabia selling the idea that oil prices in the short term need to go lower, with a floor set at $60 per barrel, in order to have more stability in years ahead at $80 plus," said Olivier Jakob from Petromatrix consultancy.
  • wmulnea on 05 Feb 15
     
    This article suggests that OPEC is losing control of global oil prices. The article addresses budget considerations for smaller OPEC producers, like Venezuela, and the battle over market share between OPEC and gulf producers.
wmulnea

Strife in Libya Could Presage Long Civil War - NYTimes.com - 1 views

www.nytimes.com/...libyan-unrest.html

shared by wmulnea on 21 Sep 14 - No Cached
  • Salah Badi, an ultraconservative Islamist and former lawmaker from the coastal city of Misurata.
  • Mr. Badi’s assault on Libya’s main international airport has now drawn the country’s fractious militias, tribes and towns into a single national conflagration that threatens to become a prolonged civil war. Both sides see the fight as part of a larger regional struggle, fraught with the risks of a return to repressive authoritarianism or a slide toward Islamist extremism.
  • the violence threatens to turn Libya into a pocket of chaos destabilizing North Africa for years to come.
  • ...37 more annotations...
  • Ansar al-Shariah, the hard-line Islamist group involved in the assault on the American diplomatic Mission in Benghazi in 2012
  • Their opponents, including the militias stocked with former Qaddafi soldiers
  • The ideological differences are blurry at best: both sides publicly profess a similar conservative but democratic vision.
  • an escalating war among its patchwork of rival cities and tribes.
  • Motorists wait in lines stretching more than three miles at shuttered gas stations, waiting for them to open. Food prices are soaring, uncollected garbage is piling up in the streets and bicycles, once unheard-of, are increasingly common.
  • Tripoli, the capital and the main prize, has become a battleground
  • The fighting has destroyed the airport
  • Constant shelling between rival militias has leveled blocks
  • Storage tanks holding about 25 million gallons of fuel have burned unchecked for a month
  • with daily blackouts sometimes lasting more than 12 hours.
  • many Libyans despaired of any resolution
  • In Benghazi, Libya’s second-largest city, the fighting has closed both its airport and seaport, strangling the city.
  • the rush toward war is also lifting the fortunes of the Islamist extremists of Ansar al-Shariah, the Benghazi militant group.
  • The United Nations, the United States and the other Western powers have withdrawn their diplomats and closed their missions
  • “We cannot care more than you do,” the British ambassador, Michael Aron, wrote
  • Until now, a rough balance of power among local brigades had preserved a kind of equilibrium, if not stability
  • the transitional government scarcely existed outside of the luxury hotels where its officials gathered, no other force was strong enough to dominate. No single interest divided the competing cities and factions.
  • But that semblance of unity is now in tatters, and with it the hope that nonviolent negotiations might settle the competition for power and, implicitly, Libya’s oil.
  • In May, a renegade former general, Khalifa Hifter, declared that he would seize power by force to purge Libya of Islamists, beginning in Benghazi. He vowed to eradicate the hard-line Islamists of Ansar al-Shariah, blamed for a long series of bombings and assassinations.
  • General Hifter also pledged to close the Parliament and arrest moderate Islamist members
  • he has mustered a small fleet of helicopters and warplanes that have bombed rival bases around Benghazi, a steep escalation of the violence.
  • moderate Islamists and other brigades who had distanced themselves from Ansar al-Shariah began closing ranks, welcoming the group into a newly formed council of “revolutionary” militias
  • a broad alliance of Benghazi militias that now includes Ansar al-Shariah issued a defiant statement denouncing relative moderates like the Libyan Muslim Brotherhood. “We will not accept the project of democracy, secular parties, nor the parties that falsely claim the Islamic cause,”
  • the general’s blitz has now stalled, it polarized the country, drawing alarms from some cities and tribes but applause from others.
  • the loudest applause came from the western mountain town of Zintan, where local militia leaders had recruited hundreds of former Qaddafi soldiers into special brigades
  • the rival coastal city of Misurata, where militias have allied with the Islamists in political battles and jostled with the Zintanis for influence in the capital
  • the Misurata and Islamist militias developed a reputation for besieging government buildings and kidnapping high officials to try to pressure the Parliament. But in recent months the Zintanis and their anti-Islamist allies have stormed the Parliament and kidnapped senior lawmakers as well.
  • the newly elected Parliament, led at first, on a seniority basis, by a member supportive of Mr. Hifter, announced plans to convene in Tobruk, an eastern city under the general’s control.
  • About 30 members, most of them Islamists or Misuratans, refused to attend,
  • Tripoli’s backup airport, under the control of an Islamist militia, has cut off flights to Tobruk, even blocking a trip by the prime minister.
  • a spokesman for the old disbanded Parliament, favored by the Islamists and Misuratans, declared that it would reconvene in Tripoli
  • In Tobruk, a spokesman for the new Parliament declared that the Islamist- and Misuratan-allied militias were terrorists, suggesting that Libya might soon have two legislatures with competing armies
  • Each side has the support of competing satellite television networks financed and, often, broadcast from abroad, typically from Qatar for the Islamists and from the United Arab Emirates for their foes.
  • Hassan Tatanaki, a Libyan-born business mogul who owns one of the anti-Islamist satellite networks, speaking in an interview from an office in the Emirates. “We are in a state of war and this is no time for compromise.”
  • Fighters and tribes who fought one another during the uprising against Colonel Qaddafi are now coming together on the same side of the new fight, especially with the Zintanis against the Islamists. Some former Qaddafi officers who had fled Libya are even coming back to take up arms again.
  • “It is not pro- or anti-Qaddafi any more — it is about Libya,” said a former Qaddafi officer in a military uniform
  • Beneath the battle against “extremists,” he said, was an even deeper, ethnic struggle: the tribes of Arab descent, like the Zintanis, against those of Berber, Circassian or Turkish ancestry, like the Misuratis. “The victory will be for the Arab tribes,”
  • andrea_hoertz on 21 Sep 14
     
    Article explains the civil war that is erupting in Libya. Islamist extremists are trying to take over the country and towns and tribes of Libya are choosing sides. Tripoli has been the biggest battle ground and its airport was destroyed.
  • wmulnea on 11 Apr 15
     
    This NYT article gives an excellent outline of the prominent factions fighting in Libya, and the purpose and goals of those factions as of Aug, 2014.
  • wmulnea on 11 Apr 15
     
    This NYT article gives an excellent outline of the prominent factions fighting in Libya, and the purpose and goals of those factions as of Aug, 2014.
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