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China is eyeballing a major strategic investment in Saudi Arabia's oil
Through its reported offer to invest in Saudi Aramco, the Chinese are laying the groundwork for a profound economic shift in the Middle East and the world.China has the potential to upend the way oil...
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Saudi Arabia's standoff with Qatar could sink the Gulf region into a recession
Gulf nations have blockaded Qatar for five months now, demanding the small, Shi'ite nation shut down its Al Jazeera news station. Qatari leadership has stood its ground, but the standoff could plunge...
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Saudi Arabia will allow women to enter sports stadiums from 2018
DUBAI (Reuters) - Saudi Arabia will for the first time allow women to attend sports events in three selected stadiums from early next year, the General Sports Authority said in a statement.The stadiums...
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'Give me 10 minutes. That was enough time for me to get out of the compound...
Ian Foxley blew the whistle on what he claims was a multi-million-pound bribery scheme at Airbus in Saudi Arabia.After raising the alarm, Foxley ran from an interview with his managing director and...
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Saudi Arabia needs $70 oil to break even
The IMF says Saudi Arabia needs oil prices to be at $70 per barrel in 2018 to breakeven.The medium-term oil price assumption, based on the futures market, is that oil prices will remain broadly with...
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Saudi Arabia is building a $7 billion city on the sand — here's what it will...
Saudi Arabia is the world's largest oil exporter, but falling oil prices have hurt the economy and made it harder for the country to pay its oil workers.To give its economy a boost, the Saudi Arabian...
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Saudi Arabia is betting its future on a megacity in the desert
Plans to build futuristic cities in Saudi Arabia are part of the kingdom's ambitious efforts to pivot the economy away from oil. But pinning so much symbolic and material weight on megaprojects is...
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Saudi Arabia arrests 11 princes, including billionaire investor Prince...
Eleven princes and dozens of former ministers were detained in a new anti-corruption probe in Saudi Arabia.Also ousted was a prominent prince who headed the National Guard, and the billionaire investor...
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How US foreign policy helped feed the rise of global jihad
Chatting with Australian Prime Minister Malcolm Turnbull at the Asia-Pacific Economic Cooperation summit in November 2016, Barack Obama mentioned Indonesia, where he spent part of his childhood back in...
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A Saudi deputy governor was killed in a helicopter crash near Yemen
RIYADH (Reuters) - The deputy governor of Saudi Arabia's southern Asir province and several colleagues were killed in a helicopter crash on Sunday, Saudi state TV Ekhbariya reported.Local newspaper...
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Oil hits highest level in 2 years as Saudi Arabia's purge continues
Brent oil price jumps to its highest level in over two years on Monday morning.Jump comes amid ongoing purge in Saudi Arabia, the world's second largest oil producer in terms of barrels per day.Saudi...
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Oil climbs after Saudi Arabia detains princes and dozens of former officials
Oil prices are higher on Monday after Saudi Arabia detained dozens of high-profile figures over the weekend.Analysts don't expect major short-term changes to oil, given that Crown Prince Mohammed bin...
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Saudi-led forces have closed air, sea and land, access to Yemen
DUBAI (Reuters) - A Saudi-led military coalition said it will temporarily close all air, land and sea ports to Yemen to stem the flow of arms to Houthi rebels from Iran, said a statement on Monday on...
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Video shows US missile defenses thwarting Houthi attack on Saudi Arabia
Houthi rebels inside Yemen have claimed responsibility for a short range ballistic missile attack against the Saudi Arabian capital of Riyadh on Nov. 4. An announcement made on social media from Houthi...
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Twitter's stock price is down after its 4th-largest investor was arrested in...
Saudi Prince al-Waleed bin Talal was arrested on Saturday as part of a wide-reaching anti-corruption roundup of officials.The Prince is a multi-billionaire who owns shares in a number of large tech and...
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Saudi Arabia had a crazy weekend that upended the Middle Eastern kingdom
Saudi Arabia over the weekend experienced upheaval in both internal affairs and external relations.At the center of the changes is Crown Prince Mohammed bin Salman.At least 11 princes and dozens of...
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Saudi Arabia's purge is 'a stunning political development' and 'a shot across...
Over the weekend, Saudi Arabia detained dozens of high-profile figures, including 11 princes and dozens of former ministers, in a new anti-corruption probe headed by the kingdom's powerful Crown Prince...
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Iran's foreign minister blames Jared Kushner for fueling Middle East turmoil
The surprise resignation of Lebanon’s prime minister over the weekend fueled the regional rivalry between Iran and Saudi Arabia.Iran’s foreign minister hinted Monday that US President Donald Trump’s...
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Saudi Arabia says Lebanon has declared war on it
Saudi Gulf affairs minister Thamer al-Sabhan announced on state-media that acts of "aggression” by Lebanese Hezbollah "were considered acts of a declaration of war."The statement comes amid Lebanon...
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Trump tweets his support for the massive upheaval in Saudi Arabia, says those...
Saudi Arabia had a crazy weekend that saw massive political upheaval.President Donald Trump appeared to endorse the new government changes in tweets from Asia on Monday."I have great confidence in King...
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