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Bapco refinery implements seawater desalination system

August 31, 2017 Latest News 0

Bahrain Petroleum Co. (Bapco), a division of the country’s National Oil & Gas Authority
(NOGA), has commissioned a series of General Electric International
Inc.’s advanced mobile water units as part of an on-site desalination to
convert seawater into high-purity boiler feedwater water at Bapco’s
267,000-b/d Awali refinery at Sitra on Bahrain’s eastern coast.

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Saudi Arabia’s $10bn IMF loan and its implications

The news that Saudi Arabia is applying for a $10 billion loan from the International Monetary Fund (IMF) is shocking. The country is the world’s largest exporter of oil, so why does it need a loan from the IMF? This move is likely to cause the collapse of the Saudi economy slowly but surely. The past few years have already given an indication that the economy in Saudi Arabia is in trouble, and that there shall soon be a need to shift it toward non-dependence on oil. The price of crude oil has been the biggest contributor to this slowdown, with a fall from $147 per barrel in 2008 to the current $47. The high oil price led the Saudis […]

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Substituting political necessity for compromise

One wonders how the UN can continue to masquerade in a role that it has ridiculed beyond redemption this week. Antonio Guterres’s statements eliminating Palestinian options, the enforcing of the two-state compromise as a purported solution and affirming Israel’s permanence are all contrary to international law. During his visit to Israel, the UN Secretary-General unequivocally endorsed the continuation of human rights violations against Palestinians, including an approval of colonisation. This means that the international community has abandoned all pretence of supporting Palestine in its quest for a viable independent state. It might as well also do away with the symbolic commemorations which have held Palestinians back for so long, incarcerated within a diplomatic game where official political opponents are absent […]

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Egypt adds 300 people to terrorism watch list

August 31, 2017 Middle East Monitor 0

Egypt has added the names of another 300 people to its terrorism watch list, after some 50 others were added earlier this week, according to the government’s official Gazette. The designated individuals have been given 60 days to appeal against the decision before the Court of Cassation, the highest appeals court in Egypt, accepts the additions permanently. Those on the list are prevented from travelling or participating in political activity, and the label gives the authorities the right to freeze their assets and cancel their passports. Many of those on the list are members of the banned Muslim Brotherhood, including financier of the group, Hassan Malik. Since the ousting of democratically elected President Mohamed Morsi in 2013, Egypt has seen […]

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Legal complaint following church’s sale of Jerusalem land to Israel

August 31, 2017 Middle East Monitor 0

Palestinians lawyers yesterday filed a legal complaint against the Greek Orthodox Patriarch Theophilus III for selling land to Israeli companies and settlers. Some 300 Palestinian Christians and associations have taken the action after the Greek Orthodox Clergy refused their requests to open the books on the property sales and reveals details surrounding them. They accused the church primate of “treason,” “selling property to the enemy,” “breaking promises of safeguarding church property” and “contributing to Israeli plans to Judaize Jerusalem” by selling or leasing off large tracts of land to Israeli authorities and investors, betraying the church’s responsibility to protect Palestinian lands that were handed under its care during the Ottoman period. Deputy Head of the Arab Orthodox Central Council in […]

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18 killed in floods in southern Yemen

August 31, 2017 Middle East Monitor 0

Heavy rain fall in southern Yemen has killed 18 people, Reuters has reported. The rain flooded Al-Maqatra Wadi in the Lahij province, south west of Ta’iz city. Cars and vehicles were seen floating away in the floodwater through the streets. “The bodies of ten people have been found and a search is continuing for the other eight,” an official told Reuters. The floods and damage caused by them will further exacerbate the humanitarian crisis in the country which has been gripped by war for three years. Read More: Poverty leads Yemen boy to commit suicide Yemen is also suffering from the outbreak of the worst cholera crisis in the world, according to the World Health Organisation. In a statement released earlier […]

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“I Was Wrong”: Albert Edwards Finds Something That Has Never Happened Before

August 31, 2017 Tyler Durden 0

At the start of the year, we were surprised when SocGen’s Albert “Ice Age” Edwards, the biggest perma-deflationist on Wall Street, flipped his outlook on the US economy, and said he now expected a fast spike in inflation driven by wage growth. We did n…

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Seasonal swings in U.S. distillate inventories lower as consumption patterns change

August 31, 2017 Today in Energy 0

Changes in demand trends have significantly reduced the patterns of seasonality in U.S. distillate markets. Historically, distillate use in the United States was highly seasonal because of its use as a home heating fuel. However, over the past three de…

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Turkey refutes UAE’s comments on its ‘colonial’ plans in Syria

August 31, 2017 Middle East Monitor 0

Turkish Foreign Ministry spokesman Huseyin Muftuoglu rebutted statements made by the Emirati foreign minister regarding Ankara’s position on the Syrian crisis. Emirati Foreign Minister Sheikh Abdullah Bin Zayed Al Nahyan referred to Turkey’s “colonial” actions in Syria, he urged “the exit of those parties trying to reduce the sovereignty of the Syrian state”, in reference to Iran and Turkey. In response, Muftuoglu said: “Since the beginning of the Syrian civil war, Turkey has pursued to find a political solution to unity and territorial integrity of Syria and meet the rightful demands of its people.” “Turkey is one of the top countries most affected by the Syrian conflict. Our desire is to end the crisis as soon as possible,” he said, […]

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