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Shale IndustryOne Year Later and OPEC Still Hasn’t Killed Shale
OPEC's intention has been to keep a lid on oil prices in an effort to severely weaken its growing U.S. rival. While it has certainly succeeded in weakening shale producers, it hasn't choked out the industry. Instead, the shale industry is drilling better wells than it was when prices were higher, suggesting that what was intended to kill it, has only made it stronger.
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Sovereign Wealth FundsSovereign wealth funds withdraw $19bn from asset managers
Sovereign wealth funds in the Gulf have been pulling money out of asset managers at the fastest rate on record as they rush to boost their economies following the collapse in the oil price.
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IraqPerspective: Iraq has Fragmented: Can it be Put Back Together?
Present policy is directed at strengthening the Iraqi military by providing weapons and training so it can fight ISIL more effectively and regain control over the entire country, while at the same time convincing the government in Baghdad to become more inclusive, less corrupt, and more responsive to its citizens.
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Saudi EngineersCompanies asked to hire Saudi engineers
Labor Minister Mufrej Al-Haqabani has asked engineering companies to record a 30 percent rate of Saudization in pursuance of the Nitaqat program.
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War in YemenSaudi-led forces fight Houthi border advance, killing 20: residents
Helicopters and fighter jets belonging to a Saudi-led coalition on Sunday repelled Yemeni Houthi fighters who were pressing a six-day-old offensive to seize Saudi territory, residents and Saudi state television said.
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Saudi WomenPerspective: Huge relief for Saudi women
While the issue of obtaining a national identity card and obtaining rights to ensure that the children of widows and divorced women receive an education and medical care may seem like a small step toward the full range of rights under Islam, it signals greater things ahead for Saudi women. It’s only a matter of time that the inequity of marriage, the right to earn a salary and inheritance will also be addressed.
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Saudi Stock MarketSaudi stock market capitalization rises by 1.71% to $442 billion
Saudi Stock Exchange’s total equity market capitalization rose by 1.71 percent to SR1.66 trillion ($441.84 billion) at the end of last month over the close of October, according to the latest data.
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Saudi EconomySaudi non-oil business growth accelerates in November: PMI
Growth in Saudi Arabia's non-oil private sector accelerated last month from a record low in October, a survey of businesses showed on Monday.
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Saudi Electric CompanySaudi Electric says signs up to $3 bln loans deal with Korea’s K-Exim
Saudi Electricity Co said on Monday it had signed an agreement with the Export-Import Bank of Korea for up to $3 billion of loans over the next three years.
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TerrorismObama says the “terrorist threat has evolved into a new phase”
US president Barack Obama gave a rare prime-time speech from the Oval Office to address a new breed of self-radicalized terrorism in the wake of last week’s San Bernardino shootings, while urging Americans not to play into the hands of the Islamic State.
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