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LibyaLibya faces chaos as top court rejects elected assembly
Libya's Supreme Court declared the internationally recognized parliament on Thursday as unconstitutional, in a ruling likely to fuel further chaos in the north African oil producing nation.
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NCBWhy the Second Largest IPO This Year Has Come Out of Saudi Arabia
About 1.25 million people ordered shares at a total value of 310.7 billion Saudi riyals ($82.8 billion) for the 300 million shares, or 15% of the bank’s stock, offered to retail investors. An additional 10% of the bank was allocated to the kingdom’s Public Pension Agency.
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Project ManagementNew strategy cuts down on number of stalled projects
A senior source at the Ministry of Municipal and Rural Affairs said the ministry has adopted a new strategy that has reduced the number of stalled projects by 13 percent.
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ISIS and Air StrikesWhy Can’t the Pentagon Kill the Islamic State’s Top Commanders?
Since the Obama administration's bombing campaign began in Iraq on Aug. 8, the United States has not conducted what's called a "decapitation strike," an attack specifically aimed at taking out a member of the Islamic State's senior military commanders. The tactic's absence from the military campaign is particularly glaring because hunting high-value militants has become a cornerstone of the Obama administration's counterterrorism strategy in other parts of the world.
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SAMASAMA net foreign assets down from August record high
Saudi Arabian Monetary Agency’s net foreign assets edged down to SR2.762 trillion ($736.5 billion) from a record high of SR2.764 trillion in August. They were up 6.0 percent from a year ago, the slowest growth since May 2010.
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MENA Startup InvestmentNew Wamda Research Lab report sheds light on MENA investment landscape and future opportunities
Entrepreneurs that have the ambition to grow their company often reference limited funding as a barrier to achieving their goals. Whether just starting out, launching a new product or expanding into a new country, access to capital is a critical resource that is not always easy to obtain. The investment ecosystem for startups in the Middle East and North Africa (MENA) is no exception, yet in recent years funding access in the region has improved.
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LibyaGunmen storm Libya’s El Sharara oilfield, shut down production
The closure is a blow to government efforts to keep oil production isolated from the spreading chaos in the North African country, where two prime ministers, parliaments and army chiefs of staff compete for control. The closure will lower the OPEC member's oil production, last reported at around 800,000 bpd, by at least 200,000 bpd.
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Mobily StockStock News: Saudi Mobily Shares Plunge For 3rd Day Since Earnings Shock
On Monday, Mobily cut its profits for 2013 and the first half of 2014 by a combined SAR1.43 billion ($381.2 million), citing accounting errors, and also reported a 71 per cent drop in third-quarter profit. Mobily’s actions prompted the bourse regulator to launch a probe.
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Forbes Power ListMost Powerful People Forbes List
At only 30 years old, Facebook CEO Mark Zuckerberg is the youngest person on the list, while the 90-year-old king of Saudi Arabia, Abdullah bin Abdul Aziz Al Saud, is the oldest.
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Anti-ISIS StrategyObama To Ask Congress for New War Powers To Fight ISIS
Obama said a group of congressional leaders will come to the White House Friday to continue the discussions of the AUMF, and U.S. Central Command’s Gen. Lloyd Austin, who is directing the fight against the Islamic State, will brief the lawmakers on the status of the operation. “The idea is to right-size and update whatever authorization Congress provides to suit the current fight, rather than previous fights,” Obama said Wednesday.
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