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MUST-READS
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The Coronavirus Pandemic and the Arab World: Impact, Politics, and Mitigation
GCC states have a special demographic situation as a result of the presence of tens of millions of expatriate workers who are employed in all skilled and unskilled occupations in the Gulf region.
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Impacts of US withdrawal from Qaim base in Iraqi border with Syria
The United States handed over its base near a disused train station in Qaim, along the Iraqi-Syrian border, to Iraqi security forces March 17, almost 2½ years after the international coalition helped Iraqi forces retake the city from the Islamic State (IS).
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U.S. to reduce Afghan aid by $1 billion after Pompeo fails to break impasse
U.S. Secretary of State Mike Pompeo on Monday announced a $1 billion cut in U.S. aid to Afghanistan after he failed to convince Afghan President Ashraf Ghani and his political foe to end a feud that has helped jeopardize a U.S.-led peace effort.
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World Bank allocates $26.7m to fight coronavirus in Yemen
The World Bank and International Finance Cooperation have allocated $26.7m to help the Yemeni government’s fight against the coronavirus pandemic, it was reported on Monday. The grant was announced by Yemen’s Minister of Planning and International Cooperation, Nagib Al-Aweg. According to Al-Aweg, the government had asked for international support for its efforts to tackle the coronavirus crisis and its social and economic impact in the war-torn country.
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Saudi Arabia tanker power play could backfire as oil demand shrinks
Shipping industry sources say Saudi Arabia has booked as many as 25 supertankers and provisionally chartered another 15 vessels, to send oil to new and old customers to undercut Russia. Together the ships can carry 80 million barrels of oil - almost equivalent to a day of global demand.
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Perspective: Oil and natural gas producers don’t want tariffs
There are multiple reasons the oil and natural gas industry does not want the government to enact harmful trade measures like tariffs or quotas.
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U.S.-Saudi Oil Accord One Idea Discussed, Energy Secretary Says
“There are many, many ideas that are floated around the policy space, that is one of them,” he said in an interview with Bloomberg Television on Monday. “I don’t know that it is going to be presented in any formal way.”
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In oil market standoff with Saudi Arabia, weakened rouble helps Russia
In Russia’s battle for oil market share with Saudi Arabia, a sharp fall in the rouble has handed the Russians one advantage – they can now produce cheaper than the Saudis, according to Reuters calculations.The Russian currency has lost nearly a fifth of its value against the U.S. dollar – the currency of oil – since their talks on coordinated output cuts collapsed on March 6.
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Pakistan’s first coronavirus death exposes nation’s vulnerability
The number of confirmed cases in Pakistan has soared to more than 750 from 22 last week, largely driven by a wave of pilgrims returning from Iran who Pakistani authorities said were inadequately tested and improperly isolated. At least four people have died from the disease in Pakistan in the past week.
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Oil Finds Firmer Ground on Hopes for U.S.-Saudi Price Detente
Futures in New York gained as much as 4.1%, after advancing 3.2% in Monday’s session. U.S. Energy Secretary Dan Brouillette said that a joint U.S.-Saudi oil alliance is one idea under consideration to steady the market after the worst crash in a generation.
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