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Saudi’s Ma’aden gets regulator approval for $1.5 bln rights issue
Saudi Arabian Mining Company (Ma'aden) received approval from the kingdom's regulator to undertake a 5.6 billion riyal ($1.5 billion) rights issue, a stock market filing from the Capital Market Authority said on Sunday.
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3M expands its presence in Kingdom
“Saudi Arabia is at the core of our growth strategy in the Middle East and Africa region and in order to support our rapid growth in the country and the wider region, we will be looking at building our local capability in manufacturing and technical and are pursuing opportunities around this,” said Osama J Hammoudeh , Managing Director 3M Saudi Arabia.
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Saudi Arabia Aims For Nuclear Power Within 20 Years
With more than a dozen reactors in the plan, global competition for the Saudi contracts is fierce. In September 2013, both GE Hitachi Nuclear Energy and Toshiba/Westinghouse signed contracts with Exelon Nuclear Partners to pursue reactor construction deals with the Saudis. France’s Areva and EdF have signed a number of agreements with Saudi companies and universities. The Saudis have agreements with Argentina and South Korea, and other deals are in the works with Russia, the Czech Republic, and the United Kingdom. There is even a deal emerging with the China National Nuclear Corporation.
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Saudi scholarship student missing in US
The search is in full swing on social media sites. Police also published a recent photo of Alkadi on its website, with a description stating that Abdullah is of Middle Eastern origin, weighs 110 pounds, has black hair and brown eyes and was wearing a blue shirt and blue jeans at the time of his disappearance.
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The New Iraqi Prime Minister: A Change in Style or Substance?
One salient issue that remains unaddressed, or at least unanswered, concerns the key security ministries of Abbadi’s new cabinet. Ever since Iraq’s first democratic government was seated in 2006, filling the security ministries with leaders acceptable to all participants in the cabinet has proved to be an enormous challenge.
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As Iran talks resume, it’s time to play ‘Let’s Make a Deal’
Under the interim agreement reached last November, the parties agreed that Tehran could maintain an enrichment program based on its “practical needs.” Both sides base their positions on technical assessments of Iran’s needs yet strongly disagree on the amount of enriched uranium required to meet them. The problem here is essentially political.
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Saudi utility to spend $80bn by 2025 to raise water production
State-run Saudi Saline Water Conversion Corp (SWCC) plans to invest SR300 billion ($80 billion) by 2025 to boost energy-intensive desalinated water production to 8.5 million cubic metres a day, the head of the utility said on Wednesday. SWCC, also Saudi Arabia's second largest power producer, now produces 3.6 million cubic metres per day of desalinated water, Abdulrahman Mohammed al-Ibrahim told reporters.
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New Patterns of Economic Relations and the Energy Order – Prince Abdulaziz bin Salman
In Asia alone, 525 million people can be considered as middle class – this is more than the total population of the EU. Indeed, one of the key dynamics shaping energy markets over the last three decades has been growing energy demand in non-OECD. Between 1990 and 2013, non-OECD increased its oil consumption from around 25 million b/d to almost 45.7 million b/d, i.e. an increase of more than 20 million b/d. During the same period, OECD demand increased only by 3.8 million b/d.
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Lebanese Army commander Kahwagi meets with Saudi ambassador over Army aid
The Lebanese Army commander discussed the pledged Saudi aid to the military with the kingdom’s ambassador to Lebanon Tuesday.
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Suicide car bomber kills three foreign troops in Afghan capital
A suicide car bomber killed three foreign troops and wounded 13 Afghan civilians in an attack on a convoy near the U.S. embassy in Kabul on Tuesday, the NATO-led coalition said, one of the worst attacks on international forces in the Afghan capital in months.
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