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Saudi-EgyptEgypt signs $350m in oil, power financing deals with Saudi Arabia
Egypt signed $350 million (Dh1.3 billion) worth of financing agreements with Saudi Arabia on Saturday aimed at upgrading its power grid and securing imports of petroleum products as it seeks to end its worst energy crisis in decades.
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Anti-ISIS CampaignU.S. military says advisers needed in embattled Iraq province
The United States needs to expand a limited advise-and-assist mission in Iraq into embattled Anbar province, where some Iraqi forces are isolated and in defensive positions against Islamic State, the top U.S. military officer said on Thursday. But General Martin Dempsey, chairman of the U.S. military's Joint Chiefs of Staff, said Iraq's government must be ready to arm Sunni tribes as a precondition for getting outside advisers into the western Iraqi province.
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Al-Qaeda in PakistanArab, Haqqani Network commanders reported killed in latest drone strike in South Waziristan
Despite US government officials' claims that al Qaeda has been "decimated" in Afghanistan and Pakistan, the CIA continues to target the group's command and control in the region. The CIA, which operates the drone program in Pakistan, has launched eight strikes in North and South Waziristan in October. This is the highest number of strikes in Pakistan a single month since January 2013, when seven were launched. The US has averaged between two to three strikes a month, excluding a gap in 2014 between January and May, when no strikes were launched.
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Islamic StateWhy Islamic State threat is ‘unprecedented,’ but doesn’t change much for US
The Islamic State is a unique phenomenon that "is unprecedented in the modern age," according to a new report, but a co-author suggests that – for now – the threat to the United States remains limited and the potential for solving the crisis is frustratingly familiar. The investigation, conducted by the Soufan Group, a security intelligence firm in New York, delves into the terrorist group’s own strategy papers and tweets, as well as the observations of defectors and analysis of Soufan's staff, including a former CIA officer. What sets the Islamic State apart is its strategy and organization, says Patrick Skinner, a former CIA case officer who has worked in the region and was a co-author of the report. That makes the militant group a hybrid between a terrorist group and a nation-state with the ability to switch between the two as needs dictate.
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Anti-ISIS CampaignAirstrikes against the Islamic State have not affected flow of foreign fighters to Syria
More than 1,000 foreign fighters are streaming into Syria each month, a rate that has so far been unchanged by airstrikes against the Islamic State and efforts by other countries to stem the flow of departures, according to U.S. intelligence and counterterrorism officials. The magnitude of the ongoing migration suggests that the U.S.-led air campaign has neither deterred significant numbers of militants from traveling to the region nor triggered a spike in the rate of travel among Muslim populations inflamed by American intervention.
- Washington Post - Syrian regime denounces Turkey for allowing foreign fighters to enter Kobane
- CBS News - Hagel: All Countries in the Middle East Must Help Stabilize Syria
- The Guardian - Foreign jihadists flocking to Iraq and Syria on 'unprecedented scale' – UN
- Reuters - Islamic State fighters kill 220 Iraqis from tribe that opposed them
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U.S. Foreign PolicyJohn Kerry: The Cold War Was ‘Easy’ Compared to Today
“The Cold War was easy compared to where we are today,” the secretary of State said Thursday, during an appearance at The Atlantic‘s Washington Ideas Forum, an annual event that features high-profile speakers in government and the private sector. For the U.S. as a superpower, Kerry said, managing many countries’ competing interests is more difficult than dealing with just one other superpower, like the Soviet Union back then.
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ExtremismSaudi Arabia dismisses Hezbollah accusation of spreading fundamentalism
Saudi Arabia is a fierce enemy of and not a supporter of terrorism, the head of Saudi National Guard said in an indirect response to accusations by Hezbollah.
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PetrochemicalsSinopec Buys Saudi Yanbu Refinery Stake for $562 Million
China Petrochemical Corp., Sinopec’s state-owned parent, signed an agreement with Aramco in January 2012 to develop a refinery in the Saudi city of Yanbu at a cost of as much as $10 billion. The 400,000 barrel-a-day plant may start this year, Saudi Aramco Chief Executive Officer Khalid al-Falih said at the time.
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Real EstateSaudi Arabia’s Sedco Capital eyes $300 mln Europe real estate deal
eddah-based Islamic investment firm Sedco Capital plans to arrange a club investment of up to $300 million in European real estate, and will soon distribute its Luxembourg fund range via two European investment firms, its chief executive said.
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Tadawul OpeningSaudi’s index records worst month in 2014
Saudi’s stock index registered its worst month this year, on the heels of slumping oil prices.
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