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From Egypt’s leader, an ambitious call for reform in Islam
Egypt's president opened the new year with a dramatic call for a "revolution" in Islam to reform interpretations of the faith entrenched for hundreds of years, which he said have made the Muslim world a source of "destruction" and pitted it against the rest of the world.
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Saudi developer raises $1bn loan to refinance Makkah project
Saudi Arabia's largest listed developer by market value said the new loan from National Commercial Bank, to fund the project's first phase, will be stretched over a period of 15 years, instead of the eight years of the previous facility. Several companies in the Gulf have come to the loan market in recent months to refinance existing loans at more favourable borrowing rates as cash-rich local banks compete for deals.
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Oman announces 2015 budget with 8 % deficit, slant on infrastructure, privatization
The Omani Ministry of Finance said in a statement that the general budget for the fiscal year 2015 is estimated as general expenditure at 14.1 billion Omani riyals (Dh 134.5 billion), an increase of 4.5 per cent from the expenditure estimations of last year’s estimates.
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Opinion: Saudi Arabia’s Playing The Oil Market The Right Way For The Lowest Cost Producer
for what it is rational for the lowest cost producer to do is very different from what it is rational that higher cost producers do.
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Army: Bergdahl could face court-martial
At the crux of the case is a question of intent: When Bergdahl left his base that night, was he going temporarily AWOL, or was he a intending to desert his unit permanently? A determination that he was a deserter would result in a far more severe punishment. A prior investigation of Bergdahl's disappearance — conducted in 2009 long before his return — found that some members of his unit believed Bergdahl left his patrol base alone at night at least once before and returned safely.
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Palestinian draft peace plan put before UN Security Council
A draft resolution setting out a Palestinian timetable for a peace deal with Israel has been submitted to the UN Security Council. The document, presented by Jordan, calls for a deal within one year and Israeli withdrawal from occupied territories by the end of 2017.
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A Tweet On Women’s Veils, Followed By Raging Debate In Saudi Arabia
But the Twitter debate then erupted again, challenging the interpretation of the highest religious authority in the kingdom.
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Pakistan mourns after Taliban Peshawar school massacre
The Pakistani city of Peshawar is burying its dead after a Taliban attack at a school killed at least 132 children and nine staff. New images from the school show the brutality of the attack, with pools of blood on the ground and walls covered in pockmarks from hundreds of bullets.
- Bloomberg - How Will the Taliban's Attack Impact the United States?
- Washington Post - Why the Pakistani Taliban’s war on children keeps on going
- Reuters - Taliban Launches Attacks Along Afghanistan-Pakistan Border
- Long War Journal - The Peshawar attack: sickening, but no surprise
- The Atlantic - Pakistan's Blackest Day
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Saudi Arabia’s car market: A regional hub in the making
The current sales’ figures range from 600,000 to 820,000 cars per year. At current rates of 11 percent annual growth, the million-car mark is likely to be achieved within two years.
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Saudi Aramco-ExxonMobil refining joint venture completes desulphurisation project
The SAMREF partnership, which is celebrating 30 years of joint refining operations, demonstrates the long-term collaboration and progress towards meeting the energy needs of Saudi Arabia’s growing economy.
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