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Regional Economic Outlook Middle East and Central Asia; May 2015 Update
Despite a sharp decline in oil prices, growth in the oil-exporting countries is projected to remain steady at 2.4 percent in 2015, with inflation subdued. Faced with large oil revenue losses, most countries are expected to use accumulated financial buffers and available financing to cushion some of the impact on growth while gradually slowing their fiscal spending, so that they can share the now reduced oil wealth equitably with future generations and rebuild buffers for dealing with oil price volatility.
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Commentary: A United Army for the Arab World?
The rise of the Islamic State and — perhaps even more alarming — the expansion of Iran’s influence in the Arab world through clients and proxies in Iraq, Syria, Lebanon, Yemen and beyond have created a rare consensus among Sunni Arab governments. They agree that they face an intolerable crisis and that it is no longer possible to rely on American intervention. The Arab states have apparently concluded that if they do not unite to meet these twin challenges, they could well find themselves at the mercy of jihadist radicals or Persian imperialists, or both.
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Is France positioning itself for lead role in Persian Gulf?
“That this meeting is occurring before the Camp David talks is significant. Paris is speaking with positive words to GCC ears, while America shouts ‘Iran,’ ” Karasik said. France stands to benefit hugely from GCC largesse by committing to act as its security guarantor in the region.
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Muqtada al Sadr threatens to ‘unfreeze the military wing,’ attack US interests
Radical Shiite cleric Muqtada al Sadr threatened to attack US personnel inside Iraq and beyond if the US House of Representatives passed a bill that would have recognized Kurdistan and Sunnis in western Iraq as their own independent countries.
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Kerry tries to calm Israel
ecretary of State John Kerry sought to pacify Israeli worries over an emerging nuclear deal with Iran in an interview aired Sunday, dismissing some concerns as brought on by “hysteria” over the possible agreement.
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Resurgent Syrian Rebels Aim for Assad
But a new Islamist alliance of brigades backed by al Qaeda affiliate Jabhat al Nusra is moving ahead aggressively against the forces of President Bashar al-Assad and the emboldened insurgents, fresh from two significant battlefield gains, say that the four-year-long civil war is entering a new and critical phase—one that didn’t appear likely, or even possible, as recently as February.
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Former CIA official cites agency’s failure to see al-Qaeda’s rebound
U.S. intelligence agencies badly misjudged al-Qaeda’s ability to take advantage of political turmoil in the Middle East and regain strength across the region after Osama bin Laden was killed, according to a new book by the CIA’s former deputy director.
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Meet the Shadow Warrior Leading the Fight Against the Islamic State
His advocates, of whom there are many in military circles, hope Nagata’s record of foresight will lend credibility to his message. “He called this,” said the special operations officer who attended the meeting in Tampa, one of more than a dozen current and former military officials interviewed for this article. “He was Nostradamus, man.”
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What’s the Difference Between ‘Accompanying’ and ‘Escorting’ a Ship? – Defense One
Another defense official added a bit more clarity. “Accompanying is basically a step down from escorting,” the official said. “The U.S. Navy ships will be in the same general area as the U.S.-flagged merchant vessels and are there to ensure a safe flow of maritime traffic in the Strait of Hormuz.”
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Taliban, Afghan negotiators unable to agree ceasefire
Taliban representatives met with Afghan political figures for a second day in Qatar on Sunday, and one participant said the two sides discussed a possible ceasefire but ultimately disagreed over the continued presence of U.S. troops in the country.
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