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This sounds like something out of a movie, but nope, according to Gulf News, the bidding to dig the 60km long, 15-20 meter deep, and 200 meter wide canal ends tomorrow, June 25th. If successfully approved, the Saudis have plans to build a military base, luxurious marina and housing developments, and one area, get this, a nuclear waste facility. Talk about taking tense diplomatic negotiations to the next level…
In case you’d forgotten or were unaware: Last year, select Arab nations (Saudi Arabia, Bahrain, the United Arab Emirates and Egypt) severed their diplomatic relations with Qatar accusing it of terrorist connections, and have forced aircraft to navigate around any restricted airspace ever since. While negotiations have been ongoing, I’d assume from this news, they aren’t close to agreeing to terms.
According to Gulf News:
Sabq reported that the project would be funded fully by Saudi and UAE private investors and that Egyptian companies with expertise in digging would help with the construction of the canal.
A Saudi military base will be established on part of the one-kilometre side separating the Salwa water way from Qatar, while the remainder will be converted into a waste dump for the Saudi nuclear reactor, which Riyadh plans to build according to best practices and global environmental requirements.
Here are a couple of Twitter screenshots that show what the map would look like.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
60k Points after $4k spend in 3 months
In Chase branch: 70k Points after $4k spend in 3 months ( make appt with banker –Information about this card has been collected independently by Monkey Miles. Card issuer is not responsible for the information or accuracy.)
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 3x on dining
- including eligible delivery services for takeout
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- 5x on all travel purchased through Chase Ultimate Rewards – Chase Travel Portal
- $50 Annual Credit on hotel stays purchased via Ultimate Rewards/Chase Travel
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred® continues to redeem at 1.25c in the Chase Travel Portal and the slew of other benefits remain in tact including primary rental car insurance, purchase protections, etc.
- Points are transferrable to 13 Ultimate Rewards partners
- Redeem in the Chase Travel center for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Primary rental car coverage is my favorite
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex℠and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.