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Here is how low oil prices will shake things up in 2015
OPEC is losing money and is said to be moving toward irrelevance, but it is hard to to make that argument stick. The cartel is fighting a war for dominance and controls about one-third of the daily global supply. Looking ahead, it seems likely that when the smoke clears and prices return to $80 a barrel or more, its influence will snap back. For cartel members who use this time of disarray to really clean up their economic systems, the low price bout could be a blessing.
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Jordan Says IS Fighters Capture Pilot in Syria
Jordan said Islamic State militants have captured one of its pilots after his plane went down in northern Syria during "a mission" against Islamist insurgents.
- Yahoo! - More than 1,100 jihadists killed in US-led Syria strikes
- McClatchy - U.S. strikes in Syria ease Islamic State pressure on moderate rebels
- Informed Comment - Have the Kurds cut the ISIL/Daesh State in Two, Blocking Supply Lines?
- Al Monitor - US to accept thousands of Syrian refugees for resettlement
- Al Jazeera - The Heritage sites ravaged by Syria's war
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Saudi Arabia Confident in Oil Rebounding on Global Growth
Saudi Arabia, the world’s largest oil exporter, is confident that crude prices will rebound with global economic growth boosting demand.
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Saudi Budget Could Decide Stocks’ Fate
Gains over the past two sessions, however, suggest that Saudi Arabia’s budget for the coming fiscal year will be keenly watched. If the finance minister stays true to his words, we could be in a for a stronger equity rebound.
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Saudi Arabia to keep spending in 2015 budget: finance minister
Saudi Arabia will continue spending on development projects and social benefits in its 2015 budget despite "challenging" global economic conditions, Finance Minister Ibrahim Alassaf said on Wednesday, state news agency SPA reported.
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Dick Cheney Pushes Back on Torture Report: ‘I’d Do It Again in a Minute’
"I'd do it again in a minute," Cheney told Meet the Press's Chuck Todd, offering an unqualified condemnation of the Senate Intelligence Committee's investigation into the Bush administration's post-9/11 interrogation methods used at foreign "black sites," which many regard as torture.
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Saudi market forecast 2015: Construction
In terms of infrastructure, the Kingdom continues to assign billions of dollars towards development of transport and utilities networks, including new roads, railways, and sea ports, as well as for the rollout of infrastructure at new industrial cities such as Ras Al-Khair. Airport infrastructure works include expanding capacity in Riyadh's King Khaled International Airport, Jeddah's King Abdulaziz International Airport and the construction of a new airport in the holy city of Madinah.
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Bahrain policeman killed in bomb attack
Bahraini authorities said a policeman has been killed in a "terrorist" attack using a bombing provided by Hezbollah. The explosion took place in the village of Damistan, around 20km southwest of the capital Manama, late on Monday, killing an on-duty policeman, the interior ministry said on Twitter.
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Symbolic ‘end’ to Afghanistan war overshadowed by new Obama plans (+video)
The United States military and NATO officially shuttered their combat command in Afghanistan in a little-noticed ceremony Monday, more than 13 years after the start of the longest war America has ever fought. But what had long promised to be a major milestone in the war has been overshadowed by recent strategic changes on the ground. Even as troops lowered the flag of the International Security Assistance Force (ISAF) joint command – which was in charge of combat operations – Defense Secretary Chuck Hagel made it clear that the US will be jettisoning its original plan to cut forces to 9,800 by year’s end.
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American Public Attitudes Toward the Israeli-Palestinian Conflict
After the collapse of Israeli-Palestinian peace negotiations earlier this year and the devastating violence of this summer’s Gaza war, tensions between Israelis and Palestinians are on the rise. Voices on both sides of the conflict question the United States’ traditional role as shepherd of Israeli-Palestinian peace negotiations, and Americans seem increasingly skeptical about their government’s engagements in the Middle East. Nonresident Senior Fellow Shibley Telhami conducted a survey on American public attitudes toward the Israeli-Palestinian conflict; below are several key findings and a download to the survey's full results.
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