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GCC summit calls for financial integration

A summit of the Gulf Cooperation Council (GCC) countries called for finalizing legislation for regional economic integration by 2025, including financial and monetary unity, according to the meeting’s final communique. The statement, read by GCC General Secretary Abdullatif bin Rashid Al Zayani and broadcast live, called also for boosting military …

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Qatari FM in Saudi capital

Qatar’s minister of state for foreign affairs arrived in Saudi Arabia on Monday, state news agency QNA said, for a preparatory meeting ahead of an annual summit of Gulf Cooperation Council leaders that could see a thaw in a 2-1/2-year Gulf crisis. Minister Soltan bin Saad Al-Muraikhi represented Qatar last …

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Oman Oil making strides towards IPO

The process of the initial public offering of Oman Oil Co will be completed by the end of next year, Oman’s Oil Minister Mohammed al-Rumhi said on Wednesday at an industry event in Dubai. Rumhi also said the OPEC+ production cuts agreement will hopefully be extended. If the listing goes …

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Jordan to start talks with IMF

Jordan has begun negotiations over a new three-year funding program with the International Monetary Fund (IMF) to stimulate growth that has been stagnant at about 2% for the last decade, the finance minister said on Thursday. Mohammad Al Ississ however said the country would not accept “dictates” from the international …

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Omar Al-Bashir’s party dissolved

Sudanese transitional authorities approved a law on Thursday to dissolve the former ruling party and repealed a public order law used to regulate women’s behavior under ex-president Omar al-Bashir, the justice minister said. The two measures responded to key demands by a protest movement that helped overthrow Bashir in April. …

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Qatari overture to mend relations with Saudi

Qatar’s foreign minister has made an unannounced visit to Riyadh, two sources told Reuters, amid signs that a 2-1/2-year rift among U.S.-allied Gulf Arab states could soon subside. Sheikh Mohammed bin Abdulrahman al-Thani met with senior Saudi officials last month, said one of the sources familiar with the trip, the …

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Jordan won’t impose new taxes

Jordan will not impose new taxes in its proposed 2010 budget but will seek other means including a crackdown on pervasive tax evasion to help boost revenues crucial to lowering record public debt, the finance minister said on Thursday. Mohammad Al Ississ told parliament’s finance committee that maintaining “fiscal stability” …

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Climate protest group headings to Middle East

Extinction Rebellion, the grassroots green movement that has blocked city roads, nursed babies outside corporate headquarters and put climate change firmly on the political map in capitals from London to Madrid, is now gaining ground in the Middle East. Off-shoots of the group that advocates peaceful protest as a way …

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Jordan’s new cabinet pushing IMF reforms

Jordan’s Prime Minister Omar al Razzaz reshuffled a large part of his cabinet on Thursday, appointing a former palace advisor as finance minister to push forward with a mandate for economic reforms intended to spur growth in the debt-ridden country. The reshuffle was Razzaz’s fourth since taking office almost a …

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Trump backs Egypt over Ethiopia dam talks

U.S. President Donald Trump spoke with Egyptian President Abdel Fattah al-Sisi on Monday and voiced support for negotiations between Egypt, Ethiopia and Sudan over a giant hydroelectric dam on Ethiopia’s Blue Nile, the White House said. Egypt’s foreign minister said last week the Trump administration had invited the three countries …

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Brazil wants to join OPEC

Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add the most significant new producer to the oil cartel for years. The comments come ahead of a massive auction of oil rights in Brazil, which is boosting output rapidly. OPEC …

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Nancy Pelosi in Jordan for royal talks

U.S. House Speaker Nancy Pelosi and other senior members of Congress held talks in Jordan on Saturday with King Abdullah II and other top Jordanian officials. Pelosi said in a statement the visit was at “a critical time for the security and stability of the region… With the deepening crisis …

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Qatar makes major labour reforms

Qatar’s government said on Thursday it adopted a new minimum wage law and will scrap mandatory exit visas for all workers, part of a broad labor reform program ahead of its hosting of the 2022 World Cup. The Gulf state, which relies on about 2 million migrant workers for the …

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Saudi trying to get Sudan off terror list

Saudi Arabia is working to remove Sudan from the United States’ list of state sponsors of terrorism, a Saudi foreign ministry tweet said on Sunday. The tweet followed a meeting in Riyadh between King Salman and the head of Sudan’s transitional sovereign council Abdel Fattah al-Burhan and prime minister Abdalla …

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Jordan’s teacher strike ends with deal

Jordan’s government said on Sunday it has reached a pay deal with the teachers union to end a one-month strike, the country’s longest public sector strike that disrupted schooling for more than 1.5 million students. The deal came after the strike threatened a deepening political crisis when the government last …

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Bashir to face anti-corruption charges

A Sudanese judge on Saturday formally indicted Omar al-Bashir for possessing illicit foreign currency and corruption, charges the ousted leader challenged as he was publicly questioned for the first time since his overthrow. Bashir said that he had received $25 million from Saudi Crown Prince Mohammed bin Salman, as well …

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