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  • U.S., Gulf Nations Assess Same Threats in Middle East

    "There has been no other moment in time in which the prospect for meaningful integration is more real than today," she said. "It's both because of that alignment of threats that I just went through. And it is also because of emerging technology and the culture of innovation that Centcom [U.S. Central Command] is fostering together with its partners."

  • Suspected Iranian Weapons Seized by U.S. Navy May Go to Ukraine

    U.S. officials said they are looking at sending Ukraine more than 5,000 assault rifles, 1.6 million rounds of small arms ammunition, a small number of antitank missiles, and more than 7,000 proximity fuses seized in recent months off the Yemen coast from smugglers suspected of working for Iran.

  • U.S. shale oil and natgas output set to rise to record highs in March -EIA

    U.S. crude oil and natural gas production from the seven biggest shale basins is expected to rise to record highs in March, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report on Monday. Crude production in the shale basins will rise by about 75,000 barrels per day (bpd) in March to a record 9.36 million bpd, the EIA projected. Output in the Permian basin in Texas and New Mexico, the biggest U.S. shale oil basin, is expected to rise by about 30,000 bpd in March to a record 5.68 million bpd.

  • Saudi Arabia’s PIF says U.S. stocks value falls nearly $6 billion in fourth quarter

    Saudi Arabia's sovereign Public Investment Fund held $30.9 billion worth of U.S. stocks at the end of 2022, down from $36.8 billion at the end of September, dragged down by a $6.8 billion decrease in value of electric carmaker Lucid (LCID.O), it said in a regulatory filing. PIF, which already owned more than 60% of Lucid, bought more than 93.75 million shares in the carmaker in the third quarter, according to Reuters calculations based on the U.S. filing. That was equivalent to roughly 5.6% of Lucid shares, according to calculations based on Refinitiv data.

  • Israel authorises West Bank outposts, despite U.S. admonition

    Israel granted retroactive authorisation on Sunday to nine Jewish settler outposts in the occupied West Bank and announced mass-construction of new homes within established settlements, moves likely to draw U.S. opposition. The first to publish the decisions by Prime Minister Benjamin Netanyahu's security cabinet were two pro-settler politicians whose inclusion in the coalition he built after a Nov. 1 election had already signalled a hard-right tack.

  • U.S.-China trade hit record in 2022 despite tensions

    Imports and exports of goods between the countries hit $690.6 billion, a U.S. Bureau of Economic Analysis report shows. The U.S. imported more toys and other consumer products, with China increasing imports of soybeans and other foods. The robust figures run counter to talk that the world's two largest economies are on track to decouple.

  • U.S. promises swift aid to Turkey and Syria after deadly earthquake

    The U.S. is moving quickly to send assistance to Turkey and Syria as the death toll from a powerful earthquake continues to rise, President Joe Biden said Monday. “My Administration has been working closely with our NATO Ally Turkiye, and I authorized an immediate U.S. response. At my direction, senior American officials reached out immediately to their Turkish counterparts to coordinate any and all needed assistance,” Biden said in a statement. “Our teams are deploying quickly to begin to support Turkish search and rescue efforts and address the needs of those injured and displaced by the earthquake. U.S.-supported humanitarian partners are also responding to the destruction in Syria.”

  • China’s Mideast buildup stirs security worries for U.S.

    Chinese state-owned firms are building up their presence near the Strait of Hormuz in the Middle East, a new report says, raising the risks of a future clash with U.S. interests in one of the world’s busiest oil transitways. The growing footprint of Chinese commercial activity in the area, including billions of dollars in investments in oil pipelines and storage terminals alongside the Persian Gulf, is fueling worries from U.S. national security hawks who fear it could provide Beijing with dangerous influence over a major choke point for petroleum shipments.

  • U.S. Sanctions Leadership of Iranian UAV Manufacturer

    The United States is designating eight Iranian individuals in leadership roles at Paravar Pars, an Iranian firm that produces unmanned aerial vehicles (UAVs) for the Islamic Revolutionary Guard Corps Aerospace Force.  Iranian UAVs are being transferred to Russia for use in its brutal and unprovoked war against Ukraine.

  • How U.S.-based Bechtel built Jubail, the largest industrial city in the world

    From a small fishing village in Saudi Arabia to the largest civil engineering project in the world today, Jubail Industrial City is a modern construction marvel and one of the crown jewels of Saudi Arabia's economy. Requiring vast resources and logistical planning on an unprecedented scale, the city was built by U.S.-based Bechtel, Inc. in a "one team approach" collaboration with the Saudi Royal Commission. The 966 spoke with Jacob Mumm, the managing director of Bechtel Saudi Arabia, on the history and economic power of the city on the eastern coast of Saudi Arabia.