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Saudi AramcoSaudi Aramco Plans To Invest $40B A Year For The Next Decade
Saudi Aramco, the world's biggest oil producer, plans to invest $40 billion a year over the next decade to keep oil production capacity steady and double gas production, Chief Executive Khalid Al-Falih said. "Although our investments will span the value chain, the bulk will be in upstream, and increasingly from offshore, with the aim of maintaining our maximum sustained oil production capacity at twelve million barrels per day, while also doubling our gas production."
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Israeli DroneA downed Israeli drone could advance Iran’s own drone program
State media reports out of Tehran on Sunday said that the elite Iranian Revolutionary Guard had shot down an Israeli drone near the Natanz uranium enrichment site, home to Iran’s nuclear program. The downed aircraft was reportedly a stealth long-range surveillance drone designed to avoid radar detection.
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KACST3,500 patents approved by KACST since 1982
The King Abdulaziz City for Science and Technology (KACST) announced that since the inception of the patent office in 1982, it has approved 3,500 patents since the inception of the patent office in 1982.
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LibyaEgypt, UAE carried out Tripoli air strikes
Egypt and the United Arab Emirates were responsible for carrying out two series of air strikes in the past week on armed Islamist factions in Tripoli, Libya, US officials said on Monday.
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MilitaryIn deaths of civilians in Gaza, U.S. weapons sales to Israel come under scrutiny
What Israel used in that Aug. 3 strike, according to the United Nations, was a Hellfire missile — a U.S.-made weapon. The incident was one of many in the ongoing six-week-old war in the Gaza Strip in which weapons sold to Israel by the United States and some European nations have played a prominent role.
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TASISaudi Arabia Drafts Foreign Limits for $580 Billion Bourse – Bloomberg
The QFIs’ holdings may not exceed 10 percent of the market value, including interests under swaps, they said. The Saudi bourse has a market capitalization of more than $580 billion. “For Saudi to begin like this is a positive start,” Ahmed Badr, Dubai-based head of MENA equities at Renaissance Capital Ltd., said by phone. “It’s a big enough slice of the pie.”
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Paris Robbery‘All the Elements of a Hollywood Thriller’ – Saudi Prince’s Convoy Attacked by Gunmen in Paris
The brazen robbery had all the elements of a Hollywood thriller: a commando-style ambush by a group of thieves wielding Kalashnikov rifles, a suitcase stuffed with cash, sensitive diplomatic documents and a likely shaken Saudi prince.
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MilitarySaudi Prince Miteb rules out need for military conscription
“This is out of the question because we find that the number of volunteers among citizens for joining the military sector is very high, whether to the academies or institutes” he said, when asked about the possibility of introducing conscription in the kingdom.
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PakistanPakistan braces as Khan seeks 1 million people to oust Sharif
Opposition leader Imran Khan is aiming to rally 1 million people Thursday for a march in the Pakistan capital to oust Prime Minister Nawaz Sharif over fraud allegations in an election 15 months ago.
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US-SaudiSaudi air force calls for $2 billion upgrade to Boeing Sentry fleet
The Pentagon notified Congress of a possible sale of five upgrade systems for the Royal Saudi Air Force’s Boeing Sentry Airborne Warning and Control Systems, which provide surveillance and command and controls communications with a 360-degree view of an area and the ability to identify and display targets more than 200 miles away.
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