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Saudi Arabia caused a 'Black Monday' for fund managers
The ongoing slump in oil prices is forcing Saudi Arabia to retrench and bring home tens of billions of dollars that it has overseas.Bloomberg reports that Saudi Arabia has pulled out between $50 and...
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There are some mixed signals coming from the world's demand for crude oil
To celebrate Kate Winslet’s 40th birthday, there is a titanic shift underway as markets rally strongly to start the week. Although Chinese markets are closed until Thursday, the rest of Asia has been...
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Prince Alwaleed is doubling down on Twitter
DUBAI (Reuters) - Saudi Arabian billionaire Prince Alwaleed bin Talal and his investment firm Kingdom Holding now together own more than 5 percent of TwitterInc, the prince's office said on...
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Saudi Arabia is planning to behead and crucify a 21-year-old dissident
The Saudi Arabian embassy in the UK has released a statement in which it rejects "any form of interference in its internal affairs" regarding the case of 21-year-old dissident Ali Mohammed al-Nimr, who...
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Saudi Arabia just replenished Syrian rebels with one of the most effective...
A Saudi Arabian official has reportedly disclosed that the Sunni kingdom sent Syrian rebels a new batch of one of the most effective weapons for battling against the Assad regime this week. BBC...
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Here's what Russian intervention in Syria means for oil
Russia intervened militarily in Syria in a major escalation of the 54-month war around late September, turning an already thorny situation into something significantly more complex.Notably, many of the...
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'Dangerous consequences': Saudis warn Russia about Syria moves
DUBAI — Moscow's military intervention in Syria will have "dangerous consequences," escalating the war there and inspiring militants from around the world to join in, senior Saudi Arabian officials...
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The oil bust just caused Saudi Arabia to halt government spending
Saudi Arabia has reportedly resorted to spending cuts to cope with a budget deficit caused by the steep decline of oil prices over the past year.Bloomberg reported Oct. 8 that the Saudi Finance...
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A British grandfather faces 350 lashes in Saudi Arabia for brewing his own...
The children of a British man have called on David Cameron to intervene to save their father from being subjected to 350 lashes in Saudi Arabia.Karl Andree, 74, faces being publicly flogged as part of...
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Syria 'is edging closer to an all-out proxy war between the United States and...
Since the beginning of 2013, the CIA has attempted to train and supply the moderate rebels in the fight against Syrian President Bashar al-Assad with enough arms and ammunition to keep the rebellion...
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There's a royal storm brewing in Saudi Arabia
An internal political storm is roiling Saudi Arabia, as the crown prince and his deputy jockey for power under an aging King Salman — while some other members of the royal family agitate on behalf of a...
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Senior al-Qaida commander killed in an airstrike in Syria
An airstrike has killed a top al-Qaida commander and two other fighters in Syria, activists said Saturday, but it was not immediately clear whether it was carried out by the U.S.-led coalition or...
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The Saudi Arabia hajj disaster death toll has reached at least 2,177
DUBAI, United Arab Emirates — The crush and stampede that struck the hajj last month in Saudi Arabia killed at least 2,177 pilgrims, a new Associated Press tally showed Monday, after officials in the...
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US approves $11.25 billion warship sale to Saudi Arabia
The US government has approved the sale of four Lockheed Martin Corp. multimission warships and associated equipment to Saudi Arabia, a deal valued at $11.25 billion, according to a US government...
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The oil price crash is making markets more efficient
BP CEO Bob Dudley recently came out making an interesting point regarding the silver lining from the fall in oil prices. Dudley notes that as a result of low oil prices, subsidies have been cut on many...
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Oil inventories are piling up
The amount of oil in storage globally, not including the various “strategic petroleum reserves” in the US, China, Europe, Japan, and other locations, has grown to staggering proportions this year, as...
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A brutal IMF assessment says most of the Middle East can sustain low oil...
The International Monetary Fund's latest assessment of the economies of the Middle East and North Africa is going to make for pretty grim reading in many of the region's oil-rich nations on Wednesday...
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Saudi Arabia is creating a nightmare for Spain
It’s almost a whole year since the House of Saud shocked the world by announcing its scheme to let market forces determine oil prices. It then did the unthinkable: it cranked up oil production.What...
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The world's largest oil producer could be broke in 5 years
The Middle East’s biggest economy, Saudi Arabia, could burn through its financial assets within five years, amid a drop in oil prices, the International Monetary Fund (IMF) has warned.In its latest...
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US and Saudi Arabia agree to 'intensify support' to moderate rebels in Syria
RIYADH (Reuters) - The United States and Saudi Arabia agreed to increase support to Syria's moderate opposition while seeking a political resolution of the four-year conflict, the U.S. State Department...
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