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Posts Tagged ‘Saudi Arabia’

Tribal fighters take over major city in Yemen, eyewitnesses say

June 7, 2011 Comments off

cnn.com

Yemeni President Ali Abdullah Saleh (pictured in 2008) was injured Friday from an attack at his presidential compound.
Yemeni President Ali Abdullah Saleh (pictured in 2008) was injured Friday from an attack at his presidential compound.

(CNN) — Tribal fighters took control of a top Yemeni city on Tuesday, a setback for an embattled government whose injured president is confined to a hospital in Saudi Arabia.

More than 400 tribal gunmen took over Taiz in southwest Yemen, eyewitnesses there said.

The gunmen had been clashing with Yemeni security forces near the city’s Republican Palace and eyewitnesses said they are now in control of the city. The palace is not far from the city’s Freedom Square — a focal point of anti-government protests.

Government forces have been regrouping in an effort to re-enter the city. Yemen’s government has faced international criticism for excessive Read more…

Who will lead Yemen now?

June 6, 2011 Comments off

csmonitor

Yemen‘s main political opposition accepted a transfer of power to the country’s vice president after President Ali Abdullah Saleh traveled to Saudi Arabia for medical treatment following an attack on his compound Friday. But it’s unclear who will replace President Saleh more permanently if he doesn’t return, and whether Vice President Abdul Rabu Mansoor Hadi will be accepted by the other groups vying for Saleh’s ouster.

Saleh was injured Friday when opposition tribesmen shelled the presidential compound, targeting a mosque during Friday prayers. Saleh’s forces and Yemeni tribesmen, who have engaged in pitched battles for nearly two weeks in the capital, continued fighting this weekend, the Washington Post reports, despite a truce brokered by Saudi Arabia.

The capital erupted in fireworks after his departure, which some saw as permanent, given his injuries and increasingly weak political position. But the government rebuffed the political opposition’s call for the establishment of Read more…

WikiLeaks: Saudis Often Warned U.S. About Oil Speculators

May 31, 2011 Comments off

networkedblogs

Further evidence of the vacuity of the ‘war for oil’ argument. Much of the price for oil is today determined in the derivatives market by Wall Street speculators rather than by producers or suppliers. The underlying commodity usually has a minimum impact on the actual price. But the Commodity Futures Trading Commission will not investigate this for the same reason why it was prevented from investigating the banks. Because Wall Street owns the executive branch. (Don’t miss the excellent Inside Job and this post by Pat Lang).

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Pastor Lindsey Williams: Nwo to Target ‘Yemen’ Next!

April 15, 2011 Comments off

Lindsey Williams announced on the Alex Jones Show that the New World Order will be targeting the fall of Yemen next.  Saudi Arabia will be last to fall in the Middle East thus causing oil prices to escalate from $150 to $200 per barrel.  He also touches on the current devaluation of the US Dollar and the current gold and silver explosion in commodities.  If you are able to… listen to this interview and research it for yourself.

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World Bank: Food prices have entered the ‘danger zone’

April 15, 2011 Comments off

telegraph

Robert Zoellick, World Bank president, said food prices are at “a tipping point”, having risen 36pc in the last year to levels close to their 2008 peak. The rising cost of food has been much more dramatic in low-income countries, pushing 44m people into poverty since June last year.

Another 10pc rise in food prices would push 10m into extreme poverty, defined as an effective income of less than $1.25 a day. Already, the world’s poor number 1.2bn.

Mr Zoellick said he saw no short term reversal in the damaging effect of food inflation, which is felt much more in the developing world as packaging and distribution accounts for a far larger proportion of the cost in the advanced economies.

Asked if he thought prices would remain high for a year, Mr Zoellick said: “The general trend lines are ones where we are in a danger zone… because prices have already gone up and stocks are relatively low.”

Rising prices have been driven by the changing diet of the ballooning middle classes in the emerging markets. “There is a demand change going on, with the higher incomes in developing countries. People will eat more meat products, for example, that will use more grain.

“I am not suggesting that the improved diets in the developing world are the source of the problem but it means it takes longer to Read more…

Saudi US Rift widening

April 13, 2011 1 comment

goldandsilverlinings
Back when Egypt was falling apart, not that it still isn’t, the Saudi king was very upset with the US for allowing his good friend Hosni Mubarak to fall. Rumor has it that the King almost or in fact did suffer a heart attack after talking to Obama about the way things were going in the Egypt.

The Saudi’s are now raising concerns that the Bushehr reactor is another Fukushima waiting to happen. The US is turning a blind eye to Saudi Arabia’s concerns, granted the Saudi’s are likely taking advantage of Fukushima to draw attention to their objective of halting Bushehr coming online. Israel has also been very quiet on Bushekr Read more…

Lindsey Williams: Arab Monarchies To Be Overthrown (Video

April 7, 2011 Comments off

Leading Israelis push for two-state solution with new peace initiative

April 6, 2011 Comments off

guardian

Gaza funeral

A father weeps at the funeral of his 21-year-old son, killed on Tuesday by Israeli fire in northern Gaza. Photograph: Mohammed Abed/AFP/Getty Images

A group of prominent Israelis, including heads of the army and security services, hope to revive the peace initiative by announcing details of possible treaties with the Palestinians, Syria and Lebanon.

The Israeli Peace Initiative, a two-page document, states that Israel will withdraw from the land it occupied in 1967 in both the West Bank and the Golan Heights, and pay compensation to refugees. The document has been given to Binyamin Netanyahu, the prime minister, who has said he will read it with interest.

The authors of the document, which will be launched at a press conference in Tel Aviv on Wednesday, say that it is partly inspired by the revolutions that have taken place in the Middle East. It presents an opportunity for Israelis to participate in the “winds of change” blowing through the Middle East, they say.

“We looked around at what was happening in neighbouring countries and we said to ourselves, ‘It is about time that the Israeli public Read more…

UPDATE 2-Oil could hit $200-$300 on Saudi unrest-Yamani

April 5, 2011 Comments off

reuters.com


LONDON, April 5 (Reuters) – Oil prices could rocket to $200- $300 a barrel if the world’s top crude exporter Saudi Arabia is hit by serious political unrest, former Saudi oil minister Sheikh Zaki Yamani told Reuters on Tuesday.

Yamani said he saw no immediate sign of further trouble following protests last month calling for political reforms but said that underlying discontent remained unresolved.

“If something happens in Saudi Arabia it will go to $200 to $300. I don’t expect this for the time being, but who would have expected Tunisia?” Yamani told Reuters on the sidelines of a conference of the Centre for Global Energy Studies (CGES) which he chairs.

“The political events that took place are there and we don’t expect them to finish. I think there are some surprises on the horizon,” he said in a speech.

Saudi King Abdullah offered $93 billion in handouts in March in an effort to stave off unrest rocking the Arab world.

So far, demonstrations in the Kingdom have been small in scale and police were able to easily disperse a Shi’ite protest in the oil-producing eastern province last month.

But Yamani said that the reluctance of people to participate in popular protests was merely concealing underlying discontent.

“Some people relax about the situation in Saudi Arabia because the Saudi Islamic brand prohibits people to go to the street and to talk,” he said in a speech.

 

SAUDI TIME BOMB

Oil traded at two-and-a-half-year highs above $121 a barrel LCOc1 on Tuesday. Libya’s rebellion has shut its oil exports, stoking fears of disruptions in other major producers.

Officials: Yemen a Bigger Security Threat Than Libya

March 29, 2011 Comments off

 

WASHINGTON — As the United States spearheads the attack against Libyan leader Muammar Qadhafi’s military assets, key former officials said an even bigger threat to U.S. national security comes from Yemen, a country that hosts many militants and is now enmeshed in a civil uprising that is threatening to unseat U.S.-backed President Ali Abdullah Saleh (see GSN, Feb. 10).

(Mar. 28) - Protesters on Tuesday chant slogans during a demonstration calling for an end to Yemeni President Ali Abdullah Saleh's 32-year rule. Unrest in Yemen could threaten U.S. efforts to fight extremism in the country, key former officials said (Ahmad Gharabli/Getty Images).

Saleh has been a crucial American ally in combating al-Qaeda in the Arabian Peninsula, a group that chief U.S. counterterrorism analyst Michael Leiter recently called the “most significant risk to the U.S. homeland” and the most poised to successfully attack American cities (see GSN, Dec. 21, 2010). Former Homeland Security Secretary Michael Chertoff and government officials said the current instability in Yemen appears likely to threaten already strained U.S. counterterrorism efforts and could provide new opportunities for AQAP to launch attacks.

“From a security standpoint, our interest in what happens in Yemen is much more significant than our interest in Libya,” Chertoff told National Journal. “In Libya it’s a humanitarian issue — there’s some security issue, but really, Yemen is a critical issue.”

Saleh’s three-decade rule appears to be hanging by a thread, as reports late on Thursday suggested that Saleh could resign “within days,” which would, albeit belatedly, meet protesters’ demands that he step down immediately.

Facing a public outcry, Saleh already promised that he would not seek another term in 2013. With the recent violence, he had reportedly been trying to time his Read more…