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Canada, Iran at odds over who should analyze downed plane’s black boxes
Prime Minister Justin Trudeau of Canada, which lost 57 of the 176 people killed in the crash, said Iran did not have the ability to read the data and he demanded the cockpit and flight recorders should be sent to France. Kiev wants the recorders sent to Ukraine.
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Lebanon forms government with backing of Hezbollah and allies
Diab described his government as a technocratic “rescue team” that would work to achieve protesters’ goals. His first trip abroad would be to the Arab region, particularly the Gulf. But analysts said Hezbollah’s role meant Diab might have trouble winning foreign support.
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More efforts needed to bridge gender, generation gaps in labor market: Saudi conference
The two-day T20 Inception Conference brought together experts from all over the world to discuss a range of essential issues covering climate, energy, migration, youth, innovation and technology, multilateralism, economic development, finance, food security, and access to water.
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Interview at Davos: Aramco International Listing ‘Still on the Cards,’ Saudi Arabia Finance Minister Says
Saudi Arabian Finance Minister Mohammed Al-Jadaan discusses the recent $5 billion debt issuance, the state of the Saudi economy, and the prospect of an international listing for Saudi Aramco. He speaks with Bloomberg’s Francine Lacqua at the World Economic Forum’s annual meeting in Davos, Switzerland on "Bloomberg Surveillance."
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‘Not worried at all’ about attracting tourists: Saudi tourism chief
Under Saudi Arabia’s Vision 2030 plan, the country wants tourism to make up 10% of GDP, up from around 3%. It also has a target of 100 million international and domestic annual visits by 2030.
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Saudi Aramco grants Wood a two-year extension on unconventionals program
Wood’s project execution teams will continue to work closely with Saudi Aramco to develop innovative engineering design and implementation strategies to deliver the program’s primary objective to produce and deliver significant volumes of gas from shale and tight gas reservoirs.
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Gulf economies to pick up this year following spending spree: Reuters poll
Economic growth in the Gulf will pick up this year and next, helped by Saudi Arabia’s investment program and Expo 2020 in Dubai, although the region will continue to feel the impact of oil output cuts, a Reuters poll showed on Wednesday.
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Aramco IPO proceeds to fund Saudi industry, including defense: finance minister
With nearly $30 billion coming into PIF coffers from Aramco’s local share offering last month, new and existing local industries, including defense and technology, will get a boost in capital, Jadaan said.
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Saudi lender Samba to raise $500 mln in bonds
The bank, which ranks behind National Commercial Bank and Al Rajhi Bank, among the biggest Saudi lenders by total assets, has hired Citigroup and Standard Chartered to arrange the debt sale, which is expected to close later on Wednesday.
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IHG expands footprint into Saudi Arabia with office opening
Saudi Arabia has been described by IHG as a “priority market” for the Middle East, with a current portfolio of 33 hotels and 20 hotels in the pipeline, set to open in the next three to five years.
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