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Kabul, Taliban should begin prisoner releases as soon as possible – U.S. envoy
U.S. Special Representative Zalmay Khalilzad said on Wednesday the coronavirus pandemic adds urgency to prisoner releases agreed by Afghan President Ashraf Ghani’s government and the Taliban and that they should begin “as soon as possible.”
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UK presses US to ease Iran sanctions to help fight coronavirus
The US insists it has offered to provide Iran with practical help through the World Health Organization, but the Iranians have rejected any help if it does not involve lifting US sanctions. A World Health Organization official said he believed the Iranian health ministry figures underestimated the true numbers by a fifth – which would mean more than 5,600 people have died.
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Why US Troops are Pulling Back All Over Iraq
Gen. Frank McKenzie, the commander of U.S. Central Command, told the Senate Armed Services Committee the day after the first attack on Camp Taji last week that he expected Iran-backed attacks to rise if it becomes more obvious that Iraq is leaning towards allowing U.S. troops to stay — which McKenzie said he believes it will.
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Fighting coronavirus: $97bln stimulus packages erupt across GCC states
The fight against the rapidly spreading coronavirus is proving to be a battle for the economies as well, with leaders gearing up to do everything possible to shore them up. Nearly every GCC nation has announced relief and stimulus packages to help their economy cope with the situation. From Bahrain’s announcement that it would foot electricity and water bills for both individuals and companies for three months, to the UAE’s and Saudi Arabia’s many stimulus packages, to Kuwait’s approval of additional funds for ministries and state agencies, the Gulf states are launching new economic packages and policies like never before. The total value of the announced stimulus packages across all the major Gulf states together is at $97.36 billion
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Saudi Electricity Co. to launch power generation subsidiary soon
As part of its ongoing restructuring, Saudi Electricity Co. (SEC) will “soon” launch its new subsidiary focusing on power generation, according to SEC CEO Fahad Al-Sudairi. He also provided updates on the progress of a number of other previously announced projects, including the company’s rollout of smart meters, its plans to increase the use of renewable energy, and a joint initiative with Egypt that he described as “one of the region’s most vital power interconnectivity projects.”
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U.S. senators boost pressure on Saudi, Russia over oil market share war
U.S. senators on Wednesday raised pressure on Saudi Arabia and Russia to stop the price war that is sinking global oil prices as they held talks with the kingdom’s U.S. envoy and separately urged President Donald Trump to impose an embargo on oil from the two countries. Oil prices plummeted to 18-year lows on Wednesday as governments around the world accelerated lockdowns to counter the coronavirus pandemic that is causing global fuel demand to collapse.
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Global oil, gas producers cut spending after crude price crash
International benchmark prices LCOc1 have more than halved since the start of the year, falling to well below $30 a barrel. North American oil and gas producers have cut capital spending by about 30% on average, data compiled by Reuters showed.
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Dubai, Saudi Arabia, Morocco have temporarily waived airport slot rule – IATA
Saudi Arabia, Dubai and Morocco have suspended a rule requiring airlines to use most of their scheduled services or else forfeit landing slots at airports due to the coronavirus outbreak, International Air Transport Association Africa and Middle East Vice President Muhammad Ali Albakri said on Thursday.
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The Middle East is already wracked by war. Now it must confront the coronavirus, too.
“There’s a series of cascading crises which ultimately feed into one another, an interconnected web of catastrophes,” said Jon Alterman of the Center for Strategic and International Studies. “These countries are not facing one; they are facing two or three crises simultaneously.”
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Saudi-backed healthcare app testing coronavirus chat rooms for doctors and patients
Healthcare app Babylon Healthcare Services, one of the UK's best-known health-tech startups, raised $550 million from new investors such as Saudi Arabia's Public Investment Fund
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