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‘We have reached the danger point,’ Prince Alwaleed says of Saudi budget
Saudi billionaire businessman Prince Alwaleed bin Talal has again publicly criticised the kingdom’s fiscal policy after the government’s 2015 budget showed its largest ever deficit due to the slump in oil prices.
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Taliban: U.S. Leaving Afghanistan in ‘Defeat’
In the lengthy statement, Mujahid said the war had exacted a heavy toll from the United States and its allies while leaving them precious little to show for their human and financial losses.
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Why A 1980s-Style Bust Is Not Happening For Texas As Oil Prices Drop
Three decades ago, a similar plunge forced the industry to lay off thousands of workers, banks failed, housing prices plummeted. But Erica Grieder, a San Antonio native who’s now senior editor at Texas Monthly, offers some reasons why this time could be different in an article titled “Three Reasons Not to Panic About Oil Prices.”
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Gulf markets continue rally on oil, Saudi budget hopes
Stock markets around the Gulf rose sharply for a second straight day on Sunday after oil prices bounced and before the release of Saudi Arabia's 2015 budget plan, which is expected to show the kingdom continuing to spend heavily on economic development.
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Boeing Or Airbus: Whose Product Line Is Shaped Better For The Future?
Both Airbus and Boeing, have well filled order books to produce in the coming years without any order inflow, but looking at the demand in the coming 20 years the future looks bright for both companies.
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Berlin mulls Saudi, Australian weapons deals: reports
Germany's national security council, a government body headed by Chancellor Angela Merkel and made up of ministers from seven ministries, has decided to halt arms exports to Saudi Arabia due to "instability in the region," the mass-market Bild am Sonntag reported Sunday, adding that the information has not been officially confirmed.
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Opinion: Saudi Arabia’s Yemen dilemma
Riyadh’s balance of supporting opposing tribes and families through financial support and security assistance, which advanced its interests and ensured its security, collapsed with the deterioration of Yemeni President Saleh’s regime in 2011. The UN and the Gulf Cooperation Council’s (GCC) subsequent search for an effective leader to replace Saleh has been a mixed endeavor. While the U.S. has continued its counter-terrorism operations against AQAP, the Obama administration has left finding a political solution to its regional partners. With a few former political allies in the North aligning with the Muslim Brotherhood, Riyadh has engaged Abd Mansur Hadi, Saleh’s deputy, with the hope that the new Yemeni president could lead the state through this post-Saleh period of transition, dialogue, and potential constitutional reform.
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Savola drags down Saudi after poor Q4s
Food maker Savola Group weighed on Saudi Arabia's bourse in early trade on Monday after posting poor fourth-quarter results, while Egypt pulled back broadly having failed to break through chart resistance.
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Al Qaeda claims French attack, derides Paris rally
Al Qaeda in Yemen claimed responsibility for the attack on French satirical newspaper Charlie Hebdo, saying it was ordered by the Islamist militant group's leadership for insulting the Prophet Mohammad, according to a video posted on YouTube.
- CNN - AQAP claims responsibility for Charlie Hebdo attack
- AP - France extends airstrikes in Iraq on Islamic State group
- USA Today - First 'Charlie Hebdo' issue since Paris attacks appears to sell out
- Guardian - Muslim leaders appeal for calm as Charlie Hebdo special hits the streets
- Al-Arabiya - Al-Qaeda’s Zawahiri ‘ordered’ Paris attack
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Investors look to capitalize on increased Saudi water, power needs
Rapidly growing population growth and a sustained development boom in Saudi Arabia have resulted in unprecedented demand for effective and efficient power and water supply. With new power stations and desalination plants in high demand, operators in the Kingdom enjoy some of the highest annual growth rates in the world, with strong profit margins for efficient companies.
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