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Reema bint Bandar interview: Saudi Arabia is Washington’s Closest Partner in Region
The greatest challenge Saudi Arabia is facing in the US is the stereotypical image that some sides still have of the Kingdom, she lamented. But even this image is being broken down in the US and in different parts of the world as the Kingdom continues along the path of its Vision 2030.
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Saudi Arabia aims to export gas, petrochemicals soon: energy minister
Saudi Arabia, the world's biggest crude exporter, plans to add gas and petrochemicals to its slate of exports and will soon make a major announcement on the topic, the country's energy minister said on Sunday.
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After Aramco IPO, Saudi Arabia Hopes to Create an Investor-Friendly Economy
The Aramco IPO illustrates that the kingdom is eager to support all investments, local and foreign. The banks, various national funds and the stock market are now structured to provide the facilities entrepreneurs and investors need, while the bureaucracy is being streamlined to make the process of conducting business easier.
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Has the coronavirus affected the Middle East’s construction sector?
Logistics have been impacted and factory output has been reduced. It has meant material and equipment suppliers have been unable to meet their obligations. This in turn has adversely impacted progress on construction sites and has resulted in delays.
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Kuwait, Saudi Arabia start trial oil pumping from divided zone: Kuwait minister
Fadhel said that he expects oil production from the Neutral Zone to reach 550,000 barrels per day before the end of the year. The production from the zone is divided between both Kuwait and Saudi Arabia. The minister also said Kuwait now aims to boost its oil production capacity to 4 million bpd by 2040, after revising the country’s oil strategy.
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Saudi students returning from China leave quarantine after being declared coronavirus-free
The 10 Saudi students who returned from Wuhan, China, on Feb. 2 have been declared as being coronavirus-free. According to Al Arabiya, they have been receiving two check-ups for fevers and flu daily since they returned and every three days have had saliva-testing to see if the coronavirus was spreading among them.
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Yemen war: Saudi-led coalition warplane crashes
A coalition spokesman confirmed that a Saudi Tornado fighter jet had "fallen" while carrying out a support mission near Yemeni army units, according to Saudi Arabia's state news agency SPA. Yemen's Houthi rebels said they shot down the plane on Friday night. The United Nations said 31 civilians were killed in Saudi air strikes in al-Jawf on Saturday. A statement from the office of the UN's resident coordinator for Yemen said "preliminary field reports" indicated that at least 12 others were injured in the strikes.
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Lebanon weighs defaulting Eurobond next month
Lebanon’s finance minister said Thursday that its new government is weighing whether to pay or default on its $1.2 billion Eurobond maturing next month, amid an economic crisis that has sparked months of unrest. Lebanon is facing a deepening liquidity crunch and a soaring public debt. Lebanese banks raised interests rates in a bid to attract foreign investments — but now the influx of foreign currencies has dried up and the Central Bank’s foreign currency reserves are shrinking.
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Plans to Develop AlUla, Saudi Arabia Into the ‘World’s Largest Living Museum’ by 2035 Unveiled
Saudi Arabia aims to host two million visitors a year in AlUla by 2035. The RCU estimates the project will create more than 67,000 new jobs - almost half of them in the tourism sector.
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Oil Set for Biggest Weekly Gain in 5 Months as Virus Fear Eases
After several weeks of falling crude prices, Chinese refiners are now snapping up cheap cargoes, taking many traders by surprise. That follows the World Health Organization’s view that the sharp increase in the number of virus cases reported in China’s Hubei province this week doesn’t necessarily reflect a sudden jump in new infections.
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