The Gulf’s Castles of Sand. By Robin Mills

Oil prices have plummeted, leaving Saudi Arabia and its allies with a long-term economic crisis — just as Iran’s economy looks poised for rapid gains. Jeddah’s glittering kilometer-high Kingdom Tower, set for completion in 2018, looms over a Saudi Arabia just beginning to confront the challenge of lower oil prices. The construction of ultra-tall buildings, however, has famousl

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July exports dip despite rising Basra output

July exports dip despite rising Basra output Iraq maintained near-record export levels in July due to rising output from Basra, which helped offset disruptions to northern oil sales caused by political disputes and pipeline outages. The State Oil Marketing Organization (SOMO) reported an average 3.105 million barrels per day (bpd) of exports in July (a total of 96.245

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