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Saudi Aramco Inks Two Deals Worth Nearly $50 Billion
Saudi Aramco inked two deals yesterday totaling a whopping $49 billion as the state-run oil company ramps up to a planned public offering. The Wall Street Journal and Reuters report that India and Saudi Arabia on Wednesday signed an agreement to set up a “mega” crude-oil refinery with a capacity to process 1.2 million barrels a day, […]
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With Entertainment Opportunities in Focus, Saudi Pitches to 250 Hollywood Elite
Saudi officials on Wednesday pitched ambitious entertainment industry plans to about 250 representatives from major Hollywood financiers and players in Los Angeles. The event, organized by the Saudi General Entertainment Authority at the Four Seasons Hotel in Beverly Hills, featured Saudi investment and private-sector leaders who “promised a cadre of services to facilitate U.S. investment and partnerships […]
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Report Says ‘Comprehensive Solution’ for Yemen Civil War under Negotiation between Saudi Arabia, Houthis
Saudi Arabia and armed Houthi forces are holding heretofore secret talks to try to end the three-year-old war, diplomats and Yemeni political sources told Reuters. Two diplomats and two Yemeni officials said Houthi spokesman Mohammed Abdul-Salam had been in direct communication with Saudi officials in Oman on a “comprehensive solution” to the conflict, the report said. “There are consultations […]
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Saudi Government Aims for $57 Billion Growth in Mortgage Industry by 2020, Report Says
Saudi Arabia’s housing ministry has set a target for the mortgage market to reach a total value of 502 billion riyals ($134 billion) by 2020 from a current 290 billion riyals ($77.3 billion), according to a report in Reuters which cited the Kingdom’s minister of housing Majed al-Hogail. That goal can be reached through new efforts […]
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Flurry of Deals as Crown Prince Mohammed bin Salman Visits Egypt
After a unique military escort given by Egyptian fighter jets and a warm welcome from Egypt’s top leaders upon arrival, Saudi Arabia’s Crown Prince Mohammed bin Salman wasted little time in dealmaking with Egypt’s President Abdel Fattah El-Sisi. The two countries moved forward on several major agreements. Saudi Arabia and Egypt agreed to set up a $10 […]
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Reports Confirm Mohammed bin Salman to Visit U.S. in March; Schedule Remains Unclear
Conflicting reports have emerged in the U.S. media in the past 24 hours surrounding an expected visit by Crown Prince Mohammed bin Salman to the United States this month. Last night, an exclusive report by Joyce Karam for The National said the Crown Prince would visit the United States for a longer visit, starting March […]
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Another Opening for Saudi Women as Government OKs Women in Security Forces
Saudi’s General Security division announced that soldier rank positions will be available for Saudi women in several different regions of the country, as the Kingdom continues opening up new professions for Saudi women. Saudi women who meet twelve different standards will now be permitted to serve in security forces in soldier rank positions. According to reports, […]
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Saudi Arabia Aims for over 1000% Increase in Entertainment Sector Employment this Year as Massive Investment Planned
Saudi Arabia is betting big on the entertainment sector to boost job creation and provide for a more vibrant society with a whopping $64 billion planned to spend in the next decade, according to the head of the General Entertainment Authority Ahmed Al-Khatib. Al-Khatib said that the investment and development is already underway, and that the […]
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Russian, Chinese Interests ‘Eager’ to Invest in Saudi Aramco IPO as Cooperation Heats Up
The head of the Russian Direct Investment Fund (RDIF) said in Riyadh today there is “significant interest” to invest in the forthcoming Aramco IPO from Russia and from China, according to reports. Several banks and other groups in Russia are interested in investing in shares of Aramco, according to Bloomberg, which reported comments from Kirill Dmitriev, chief […]
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Saudi Embassy Spokeswoman: ‘The Kingdom is not Easternizing or Westernizing, it’s Modernizing’
The first spokeswoman for the Royal Embassy of Saudi Arabia, Fatimah Baeshen, said in an interview that the Kingdom is not sacrificing culture or values with its Vision 2030 economic and social reform program and that the program has “something for everyone” in Saudi Arabia. The well-spoken Baeshen, who was appointed by Saudi Arabia’s Ambassador to the […]
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US selects new ambassador to Afghanistan
Michael McKinley, a US diplomat has been confirmed by the senate to replace James Cunningham as the US ambassador for Afghanistan. James Cunningham who was in Afghanistan since August 2012 as the Ambassador of the Unites States of America recently ended his tour.
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Symbolic ‘end’ to Afghanistan war overshadowed by new Obama plans (+video)
The United States military and NATO officially shuttered their combat command in Afghanistan in a little-noticed ceremony Monday, more than 13 years after the start of the longest war America has ever fought. But what had long promised to be a major milestone in the war has been overshadowed by recent strategic changes on the ground. Even as troops lowered the flag of the International Security Assistance Force (ISAF) joint command – which was in charge of combat operations – Defense Secretary Chuck Hagel made it clear that the US will be jettisoning its original plan to cut forces to 9,800 by year’s end.
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In Kabul’s Valley of Death, hints of Afghanistan’s security woes
An afternoon spent along a particularly violent stretch of the route — the Kabul-Jalalabad Road — helps illustrate the challenges in securing this capital city, as most U.S. and international forces prepare to withdraw by the end of this month. Here, it’s difficult to distinguish the enemy from local residents, and the targeting of foreigners is fueled by perceptions they are engaged in nefarious activities.
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New, expanded rules for U.S. combat in Afghanistan in 2015
New rules for the 9,800 U.S. troops staying in Afghanistan next year will let commanders order airstrikes or night raids on Taliban forces who pose a significant threat to the Afghan government, defense officials said. The rules came in an order recently signed by President Obama that clarified the authorities U.S. military commanders will have after the official end of the combat mission in December.
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What’s the Plan? The NATO Coalition in Afghanistan
During my recent trip to Afghanistan, there was a constant theme throughout all of our meetings and briefings: disagreement with stated U.S. plans to remove all of its troops from theater by the end of 2016. While I fully expected to hear some apprehension voiced in certain circles, I was struck by the unanimity of this sentiment across the spectrum of our interactions.
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US military continues to claim al Qaeda is ‘restricted’ to ‘isolated areas of northeastern Afghanistan’
A recently issued report on the status of Afghanistan by the US Department of Defense has described al Qaeda as being primarily confined to "isolated areas of northeastern Afghanistan." But information on Afghan military and intelligence operations against the global jihadist group contradicts the US military's assessment.
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Saudi relief aid for Afghanistan arrives in Kabul
A Saudi cargo plane carrying food and relief aid provided by Custodian of the Two Holy Mosques King Abdullah to Afghanistan arrived at Kabul airport on Monday evening.
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Major U.S. Army division ends operations in Afghanistan 13 years after it arrived
In the fall of 2001, the 10th Mountain Division was the first major army unit to arrive in Afghanistan in support of American Special Forces who helped topple the Taliban government. Since then, about 177 soldiers from the division have been killed while serving in the country. “We were the first division here, and I think it’s fitting we’d be the last,” in a combat role, said Maj. Gen. Stephen Townsend, the division’s commander, after a ceremony marking the division’s departure from rugged eastern Afghanistan.
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Afghanistan Going off the Rails as U.S. Withdrawal Speeds Up
Insurgent attacks have reached the highest levels since 2011, the Afghan army has sustained heavy combat losses and is experiencing high attrition rates, and opium poppy cultivation has more than doubled from its pre-1999 levels when the Taliban ruled the country, potentially undermining the Afghan state's legitimacy even as the nation is experiencing budget shortfalls, the Office of the Special Inspector General for Afghanistan Reconstruction, or SIGAR, said in a quarterly report sent to Congress Thursday.
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Why the end of Camp Leatherneck in Afghanistan matters
On Sunday, the United States and Britain turned over control of Leatherneck and Bastion to the Afghan military they have been training for years. A few other major coalition installations in the country will remain, but the transition is one of the most dramatic milestones to date in the winding down of the Afghanistan War.
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