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10 Inspirational Arab Proverbs

Proverbs are a special way to gain insight into one’s culture. Proverbs, through the power of anecdotal messages and meanings, allow for various cultures and societies to share a common idea, While they showcase a universal cultural message, they also highlight the unique nature of various cultures and societies. Proverbs are …

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Moody’s downgrades Bahrain to B2

Moody’s has downgraded the Bahrain government’s long-term issuer ratings to B2 from B1, and maintained its negative outlook. The ratings firm said on Thursday evening that the new rating assumes Gulf Cooperation Council members will provide some financial support to Bahrain, but the negative outlook reflects the risk that the …

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Egypt inaugurates several power generation plants

Egypt has inaugurated several power generation projects, including three power plants built by the German conglomerate Siemens. Tuesday’s ceremony was attended by President Abdul Fattah Al Sissi, and government ministers and officials. The three combined-cycle power plants built by Siemens in Kafr Al Shaikh and Beni Suef provinces and also …

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Oman government revenue grows by 23.2%

The Oman government’s revenue rose by 23.2 per cent to 4,091.9 million riyals (Dh39.08 billion) for the first five months of 2018, over the same period of last year, thanks to a major recovery in oil prices. As a result of a growth in oil prices, the net oil revenue …

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The Trump Putin Summit – Quick Take

For nearly 80 years the US and Russia (or the former Soviet Union) have held summits.  In each case, it has been a forum for domestic political debate.  The president’s supporters always say the summit took solid steps towards peace and understanding, even while the president remained forceful and unyielding.  …

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IMF Urges Egypt to Watch Inflation After New Subsidy Cuts

The International Monetary Fund urged Egypt to maintain a tight monetary policy as a new round of subsidy cuts rekindled inflation worries. The Washington-based lender praised Egypt’s implementation of economic reforms as “instrumental in achieving macroeconomic stabilization, with external and fiscal deficits narrowing, inflation and unemployment declining, and growth accelerating.” At the same …

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How a surprise deal to boost world oil supply could ‘stir the pot’ in the Middle East, and pressure Saudi’s spare capacity

An impromptu agreement between the United States and Saudi Arabia to add more supply to increasingly tight oil markets is perceived as a test of the kingdom’s ability to pump more crude — and could further antagonize Iran and Venezuela, as both countries grapple with deteriorating conditions in their respective …

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Erdogan says Turkey will continue advancing in Syria

Turkey will continue to “liberate Syrian lands” so that refugees can return to Syria safely, President Tayyip Erdogan said in an election victory speech on Monday. Speaking to supporters from the balcony of his ruling AK Party’s headquarters in Ankara after Sunday’s presidential and parliamentary elections, Erdogan said Turkey would …

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Erdogan declares victory in Turkish election

Turkish President Recep Tayyip Erdogan has declared himself the winner of a high-stakes election, in which he sought to cement his power on the nation he has ruled for 15 years. But the opposition has cried foul, claiming that state media and the election commission have manipulated the results. The …

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EU investigates Qatar’s long-term LNG contracts

The European Commission is investigating the bloc’s biggest seaborne gas supplier Qatar Petroleum over potentially restrictive 20-year supply agreements inhibiting development of a single gas market, its latest challenge to a major gas supplier. The bloc, having just wrapped up a seven-year market abuse probe into Russian giant Gazprom, said …

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Egypt to increase gas production at Zohr

Egypt aims to increase production at its huge Zohr offshore gas field in the Mediterranean to 1.75 billion cubic feet per day in August, Petroleum Minister Tarek Al Molla said on Thursday. Al Molla said in a statement that recent production increases have pushed Egypt’s total natural gas production to …

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Mideast M&A deals decline sharply in Q1 2018

Merger & acquisition deals across the Middle East and North Africa (Mena) region declined sharply year-on-year, falling 21.8 per cent in the first quarter of 2018, according to EY’s first-quarter 2018 M&A report. Mena M&A activity saw 93 announced deals in the first quarter of 2018, compared to 119 deals …

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Bahrain to expedite new oil operations

International companies will be selected to partner with Bahrain for the oil production phase in December 2019, Crown Prince Salman Bin Hamad Al Khalifa has said. He said that in line with King Hamad Bin Eisa Al Khalifa’s directives to prioritise oil exploration, operations should be expedited and the necessary …

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Bahrain to issue 10-year self-sponsorship permit

Bahrain is to issue a ten-year renewable residency permit on a self-sponsorship basis to foreign investors. Crown Prince Salman Bin Hamad Al Khalifa on Tuesday evening instructed the Minister of Interior to prepare a draft edict to create the self-sponsorship residency permit for foreign investors. The new system is designed …

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Egypt Widens Security Crackdown as Concerns of Unrest Grow

Egypt’s government has intensified a crackdown on political opponents, arresting a series of high-profile dissidents in raids on their homes in recent weeks as President Abdel Fattah Al Sisi prepares to begin a new term next month. Those detained in the current sweep are among the country’s most prominent non-Islamist activists, including …

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Israeli parliament debates bill promoting Kurdish statehood

Israel’s parliament (Knesset) has reportedly discussed a bill that explores ways through which the Tel Aviv regime can help the Kurds establish an independent state supportive of the regime within Syria, Iraq and Turkey, where anti-Israel sentiments run high. The official Israeli radio reported on Monday that the proposal had been submitted to the legislature …

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UAE imposes economic sanctions on senior leadership of Hezbollah

UAE has imposed economic sanctions against 10 leaders of Lebanon’s Hezbollah which are on its terrorism list including Hassan Nasrallah and his deputy Naim Qassem. The move comes in line with significant actions taken by the seven members of the Terrorist Financing and Targeting Center (TFTC) to disrupt Iran’s destabilising influence in the …

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