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Unrest in YemenSaudi Arabia evacuates students from restive Yemen
The Saudi Higher Education Ministry has issued instructions to evacuate 60 Saudi students who are studying at the University of Science and Technology (UST) in Sanaa due to the country’s volatile security situation, reports said on Tuesday.
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OPECOPEC Says World Will Need Less of Its Oil Next Year
OPEC said demand for its crude oil will be lower than expected next year, with a surge in U.S. output potentially bringing its production to levels not seen since the past decade. In its monthly oil-market report, the Organization of the Petroleum Exporting Countries said it had lowered the estimate of demand for its crude by 200,000 barrels a day for 2015 and by the same amount for this year. As a result, markets will need 300,000 barrels a day less of OPEC crude next year, it said.
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Saudi Stock MarketSaudi Arabia outlines plans for a more open market
The CMA’s decision to set firm boundaries on ownership levels within individual companies and on the exchange as a whole will also reassure the owners and managers of local firms who had expressed concerns over being swamped by a tide of overseas capital.
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OilWhy Now is the Worst time for Saudi Arabia’s Giant New Oil Refinery to Come Online
Yanbu is coming online at a time when crude demand growth in Asia is disappointing, the region's refiners are struggling to make decent profits, crude prices have gone into contango and Middle East producers are cutting official selling prices (OSPs).
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9/11 Commission and Saudi ArabiaA Void in the History of September 11th
The effort to declassify the document comes at a time when a lawsuit, brought ten years ago on behalf of the victims of the attacks and their families, along with the insurers who paid out claims, is advancing through the American court system. The suit targets Saudi charities, banks, and individuals. In 2005, the government of Saudi Arabia was dismissed from the suit on the ground of sovereign immunity, but in July the U.S. Supreme Court reinstated the Kingdom as a defendant.
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Israeli War SpendingIsrael To Trim 2014 Budget To Cover War Cost, Boost MoD
The Israeli government is planning an immediate 2 percent retroactive cut to its 2014 budget to help cover the estimated US $2.5 billion cost of a summer of war.
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Higher EducationHigh university fees drive expats away
Private universities present an alternative to students who cannot attend government universities, but many students think that private universities only aim to make profit, paying little attention to academic standards. Because of this, children of most expatriates return home to get their degrees. According to one academic, only 30 percent of expat students study at local private universities. Still, there remain several private universities that have a strong reputation for academic excellence, say educationists.
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Al-ShababTo Kill a Terrorist
The leader of the Somali militant group al-Shabab is dead. Now what?
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Two Holy MosquesSaudi authority denies plans to destroy Prophet’s tomb
The General Presidency of the Two Holy mosques has denied reports of plans to destroy the tomb of the Prophet Mohammed in Madinah, Al-Jazirah newspaper reported Thursday. On Monday, Britain’s The Independent newspaper reported that the tomb of the Prophet Mohammed in the holy city could be “destroyed” and the prophet’s remains removed to an anonymous grave.
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DiplomacyOpinion: Saudi Arabia is essential for regional stability
In a world replete with conflicting interests, no country can claim to be powerful or impose its prestige unless it possesses the necessary tools. Nor can any country force major states that oppose it to respect its stances and policies. The prestige of the state cannot be imposed overnight or by means of financial power. Rather, it is the accumulation of mature and rational political stances and clear-sighted positions. A state’s prestige is based on its ability to interpret and predict risks.
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