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Opinion: Back to basics for the energy sector
The comforting thought in the elegant board rooms in London, The Hague, Houston, and so on has been that the downturn seen this year is just a blip — a temporary diversion from a long term upward trend. Some corporate economists claim that prices have to rise to match the higher cost of production from new fields in more difficult areas. Others quote the growth in the global population, the spread of prosperity, and the impact of turmoil in the Middle East which could limit new investment. They may be right — the market is certainly cyclical and nothing is pre-ordained. But relying on optimism is a very risky business and most of the corporate (and executive) casualties in the sector over the last half century have been traceable to the triumph of optimism over common sense.
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Saudi Arabia set to halve number of prisoners
Saudi Arabia is preparing legislation that would allow judges to use alternative sentences to jail for minor crimes such as flirting with women.
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Bahrain and Saudi Arabia announce new causeway
A new terrestrial link connecting Bahrain with Saudi Arabia will be called “King Hamad Causeway”.
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KSA ministries pursue Saudization of economy
The Ministries of Interior and Labor are working on identifying the commercial sectors and activities that will be fully Saudi-ized. They are studying the sectors that fit with the available human capacity in order to put an end to the foreign labor’s monopoly on some important business sectors in Saudi Arabia, such as wholesale and retail trade.
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New York Times Investigation: Foreign Powers Buy Influence at Think Tanks
More than a dozen prominent Washington research groups have received tens of millions of dollars from foreign governments in recent years while pushing United States government officials to adopt policies that often reflect the donors’ priorities, an investigation by The New York Times has found.
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Hezbollah prepares to fight IS in Lebanon
Many Lebanese are still unable to differentiate between the extremist groups fighting in Syria. "They are all 'Daesh,'" says a customer at Mohammed’s barber shop, using the Arabic acronym for IS. "They slaughter people and want to make people look like them." The customer gives Mohammed a sarcastic smile, adding, "If they ruled our friend's work, they [would] want people to grow beards and hair." Everyone at the salon laughed, quite furiously.
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Bad as Baghdadi? Pakistan’s Most Dangerous Man
With the Pakistani press fixated on impending anti-government protests in Islamabad, a major terrorist attack launched in mid-August on the other side of the country went largely unreported.
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As U.S. seeks commitments in fight against Islamic State, its focus is tightly on Iraq
President Obama and his top national security officials are fanning out across the globe this week and next, seeking commitments to help the Iraqi government in its fight against Islamic State militants. Those expecting an international action plan against the Islamic State in neighboring Syria are likely to be disappointed.
- Reuters - U.S. says forms 'core coalition' to counter Iraq militants
- BBC - Iran 'backs US military contacts' to fight Islamic State
- New York Times - U.S. and Allies Form Coalition With Intent to Destroy ISIS
- Politico - U.S. leaders press NATO on ISIL
- National Journal - Opinion: Can We Shed Bush Baggage to Confront ISIS?
- Boston Globe - US wants more from Saudis in fight against extremists
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Saudi court sentences American, 23 others to prison for terrorism
A court in Saudi Arabia on Wednesday sentenced an American and 23 other people to prison on charges they created a terrorist cell and planned attacks on foreigners and oil pipelines. The official Saudi Press Agency reported that their sentences range from two to 27 years in prison for planning attacks against Saudi Arabia and its smaller neighbor of Bahrain.
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The Islamic State vs. al Qaeda
The Islamic State has thrown down the gauntlet to al Qaeda and seeks to supplant its former ally as the symbol and leader of a global movement acting out a twisted definition of jihad. Its sweeping military campaign has captured a huge swath of Iraq, even as it fights both Bashar al-Assad's regime and rival jihadi groups in Syria, while its proclamation in June of an Islamic caliphate has sparked a furious debate about its legitimacy among global terrorists
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