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09.08.26 - 18:00
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Turkish FM Affirms Defense Pact With Pakistan, Saudi Arabia Is Same As NATO′s Article 5 (ZeroHedge)
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Turkish FM Affirms Defense Pact With Pakistan, Saudi Arabia Is Same As NATO's Article 5
World leaders have been reacting to the Friday signing of a major defense agreement between Saudi Arabia, Turkey and Pakistan in the Saudi city of Makkah among their heads of state. It seeks to strengthen joint deterrence and expanding defense cooperation, the Saudi Press Agency said.
As we reported, it essentially a NATO-style agreement for the 'Muslim world' - given that it stipulates and formalizes that an armed attack on any of the countries will be treated as an attack against all of them.
Turkish Foreign Minister Hakan Fidan has on Saturday affirmed this in very clear terms - in case there were any doubts among pundits - describing that is indeed technically the same as NATO's Article 5 mutual defense agreement.
Turkey's Foreign Minister Hakan Fidan, via Reuters
He told state Anadolu news agency that a committee of ministers similar to that within NATO would be formed to undergird the new all...
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09.08.26 - 18:00
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Fire Erupts At Saudi Aramco′s Jazan Refinery As Iran-Backed Houthis Claim Drone Strike (ZeroHedge)
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Fire Erupts At Saudi Aramco's Jazan Refinery As Iran-Backed Houthis Claim Drone Strike
Yemen's Iran-backed Houthis claimed responsibility for a drone attack on Saudi Aramco's $21 billion Jazan refinery, located on Saudi Arabia's southwestern Red Sea coast, roughly 44 miles from the Yemeni border. The facility is strategically important because it allows Aramco to export refined products through the Red Sea without transiting the Strait of Hormuz. The attack also signals the growing vulnerability of Saudi energy assets in the region, where Houthi forces have repeatedly targeted them in recent weeks.
A Bloomberg report cites Saudi Arabia's Energy Ministry, which said a fire broke out early Sunday at the 400,000-barrel-a-day Jazan refinery before being extinguished.
The outlet continued:
No injuries were reported, the ministry said in a post on X, without providing details on the cause of the fire. Authorities "are completing necessary procedures to deal with the incident," it sai...
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09.08.26 - 17:01
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Huthi-Rebellen melden Angriffe in Saudi-Arabien und im Jemen (DPA-AFX)
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SANAA (dpa-AFX) - Die Spannungen zwischen Saudi-Arabien und den vom Iran unterstützten jemenitischen Huthi-Rebellen verschärfen sich weiter. Die islamistischen Rebellen haben nach eigenen Angaben eine Raffinerie des staatlichen saudischen Ölkonzerns Aramco ......
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08.08.26 - 16:48
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LIV Golf Tries to Survive Without Saudi Billions (Bloomberg)
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LIV Golf is seeking fresh investments as it prepares to cut purses and move away from the huge guaranteed payments that helped it lure some of golf's biggest stars. Author of "LIV or Let Die" Alan Shipnuck is on Bloomberg This Weekend to explain that the league's future may depend on retaining players including Jon Rahm and Bryson DeChambeau while proving it can attract enough fans and revenue to operate with less financial support from Saudi Arabia. (Source: Bloomberg)...
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