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Trump meets Iraqi counterpart, first since Soleimani strike
U.S. President Donald Trump hinted that sanctions on Iraq were still a possibility in a bilateral meeting with Iraq’s president Wednesday, the first since a U.S. drone strike on Iraqi soil killed a top Iranian general, straining Washington-Baghdad ties.
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As Toll Mounts, Trump Downplays Injuries Suffered in Iranian Attack
Trump’s remarks, at the Davos Economic Forum in Switzerland, came just hours after the Defense Department acknowledged that it has sent more troops out of Iraq for medical evaluation and treatment — apparently for potential traumatic brain injury.
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Holocaust: World leaders attend forum in Israel
World leaders are attending a forum in Jerusalem to mark the 75th anniversary of the liberation of the Auschwitz death camp in Nazi-occupied Poland.
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Can Lebanon’s new government revive the economy?
After three months of political paralysis, Lebanon has finally formed a government under Prime Minister Hassan Diab. Now comes the task of saving the country from a biting financial crisis and winning over investors and foreign donors.
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Senior Saudi religious leader set for ‘groundbreaking’ visit to Auschwitz Thurs.
Issa’s expected visit to Auschwitz comes after he visited the US Holocaust Memorial Museum in Washington, DC, in May 2018 and wrote an opinion article in the Washington Post in January 2019 condemning the Nazis’ “heinous crimes.” He also declared that “Muslims around the world have a responsibility to learn” about the lessons of the Holocaust.
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Saudi Aramco Chairman Yasir Al-Rumayyan: ‘We are confident in our investment story’
We are also working on expanding our downstream operations. Aramco is already the fourth largest integrated refiner in the world on a net refining capacity basis. We will further build on a portfolio that spans the entire hydrocarbon chain: refining, marketing, petrochemicals, lubricants and retail.
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Small businesses dominate 97.6% of Saudi private sector
Small businesses constitute 97.6% of the Saudi private sector entities with a total of 1.5 million small, data by the Saudi Ministry of Labor and Social Development showed. Meanwhile, the number of medium-sized enterprises in Saudi Arabia amount to 31,330 or 2% of the total private sector working entities.
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Saudi Arabia Unlikely to Exceed Borrowing Plan After Bumper Sale
Saudi Arabia’s budget deficit is set to expand to 187 billion riyals ($50 billion) this year. The kingdom is counting on the private sector to stimulate growth as it cuts spending. The non-oil economy grew at its fastest in about five years during the third quarter of 2019, but plans to cut government expenditure this year could challenge the kingdom’s ability to sustain that pace.
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China-U.S. Deal Sets Up Brazil and Saudis Among Likely Losers
“The temptation for China will be to hit the targets on higher imports from the U.S. by switching purchases from elsewhere,” they wrote. “That’s especially true for imports of energy and agricultural products, which are much the same no matter where they come from.”
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Marriott, IHG Plot Growth in Saudi Arabia
The agreement is expected to deliver the first Fairfield by Marriott property to the Middle East and Africa region, create the largest Fairfield hotel in the world and bring one of the largest hotels to the growing religious destination of Makkah. Construction for the Fairfield by Marriott Makkah Al Naseem has already commenced and the hotel is slated to open in 2023.
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