The Qatar crisis is reverberating in Libya, inflaming political divisions in Libya and dragging Glencore into a dispute over crude sales. The row involves competing administrations of the National Oil Corp. that are vying to control crude exports from the OPEC member. In eastern Libya, the military is backed by Saudi Arabia, the United Arab Emirates and Egypt. Source Libya
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Airbus SE said it will almost halve production of its slow-selling A380 superjumbo, casting further doubt over the program’s future, while warning that engine glitches are still weighing on deliveries of the single-aisle A320 that’s due to become its largest-volume model. Source Bloomberg
Media reports claiming that Turkey would buy Russian S-400 air defense systems were not true, U.S. Marine Corps Gen. Joseph Dunford said at a security forum in Aspen, Colorado on July 23. Source Hurriyet Daily
The news of former Georgian president Mikheil Saakashvili being stripped of his Ukrainian citizenship felt so sudden and out of nowhere. One thing is sure: Ukrainian President Petro Poroshenko’s team didn’t take a summer break, it is already working hard on getting ready for the 2019 presidential elections. Source BNE