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Saudi Arabia Revamps Approach To Investment In Bid To Recover Lost Ground And Attract Foreign Capital
Saudi Arabia is shaking up its approach to attracting foreign capital, creating a new government ministry to take charge of the issue following several years of relatively poor performance. Inward investment into Saudi Arabia collapsed in 2017 when it plummeted 81% to $1.4 billion, down from $7.5 billion the year before. It recovered some of the lost ground the following year, when it rose to $4.2 billion, but it appears to have stabilized at a relatively low level.
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Naval flight training resumes for Saudi students
Saudi Arabian students resumed Navy flight training Tuesday, nearly three months after a massacre at Naval Air Station Pensacola by one of their comrades left three dead in a shooting that U.S. leaders linked to terrorism. Saudi Royal Air and Naval Forces officers in the Navy’s flight training pipeline were restricted to classroom studies or put those studies on hold while the sea service met new requirements on base access and vetting for international military students put in place by the Secretary of Defense following the Dec. 6 shooting by Saudi Royal Air Force 2nd Lt. Mohammed Alshamrani.
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Saudi IPO Nets $2.3 Billion for Dr. Sulaiman Al Habib
Dr. Sulaiman Al Habib Medical Group is one of the biggest providers of health care in Saudi Arabia, operating hospitals, outpatient clinics, pharmacies and medical labs throughout the kingdom as well as in Dubai and Bahrain. The group employs more than 2,000 physicians. The IPO is the first in Saudi Arabia since state-owned oil company Saudi Aramco raised almost $30 billion in December.
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A Short Hop From Europe, This Tourism Gem Aims to Open Its Doors
With a warm Mediterranean sea in summer, great winter skiing, vast Saharan deserts, towering Roman ruins and prehistoric art of global renown alongside an intriguing modern Arab culture, Algeria should be a top travel destination.
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Syria: 21 dead as targets including schools and nurseries bombed in Idlib
Eight school facilities have been bombed in Idlib province, in Syria, in a single day as the battle for control of the country’s last opposition stronghold intensifies. The attacks came despite warnings that the violence has already led to the worst humanitarian crisis in the Syrian war to date.
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To preserve Shi’ite power in Iraq, Iran-backed groups turn to renegade cleric
According to senior Iraqi officials and militia insiders, they promised Sadr a greater say forming a new Iraqi government and an augmented spiritual leadership role among Shi’ite paramilitary groups. In return, he would draw on his mass following to weaken the anti-government and anti-Iran dissent that has erupted on Iraqi streets, and redirect the unrest toward demands for the withdrawal of U.S. forces from Iraq, the sources said.
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U.S. Forces Return to Saudi Arabia to Deter Attacks by Iran
Here in a base of tents in the desert about 60 miles southeast of Riyadh, some 2,500 U.S. military personnel are launching F-15 fighter jets in soaring arcs overhead and manning Patriot missile batteries in shifts. Or they play chess and video games to pass the hours, with an NFL-themed video game splashed on a flat-screen TV inside a recreation tent.
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Why is Iran’s reported mortality rate for coronavirus higher than in other countries?
Apart from China, where it was first detected in December, Iran has recorded the most deaths from the new form of coronavirus. There have been 2,663 deaths in China, out of a total of 77,658 confirmed cases.
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Saudi Aramco signs agreements worth more than $21bn at localisation event
The In-Kingdom Value Add (IKTVA), which refers to the local manufacturing component required by Aramco from its partners rose to 56 per cent in 2019, compared with 35 per cent in 2015.
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EU leading efforts to save Iran nuclear deal in Vienna
The remaining parties to the Iran nuclear deal will meet in Vienna on Wednesday, the EU’s diplomatic service announced, after Britain, France and Germany launched a dispute process over Iran’s successive pullbacks.
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