How US-Iran proxy wars are keeping the Middle East on edge

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DUBAI: Iran and the US are engaged in an intensifying proxy war, which is playing out across several Middle Eastern states. Although neither side appears to be looking for a direct confrontation, vulnerable Arab countries with divided loyalties are paying the biggest price. That seems to be the consensus view of Middle East experts as low-intensity … Read more

Oil Updates – prices hover near 3-week high on Middle East tensions, China demand

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BEIJING/SINGAPORE: Oil prices were broadly steady on Tuesday, hovering close to three-week highs on heightened Middle East tensions and recovering China demand, according to Reuters. Brent futures ticked down 11 cents to $83.45 a barrel by 7:13 a.m. Saudi time. US West Texas Intermediate crude for April delivery inched down 11 cents to $78.35 a … Read more

Palestinian state only pathway to Middle East security, stability: Saudi FM

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DUBAI: When the COVID-19 pandemic was declared in March 2020, governments worldwide were caught off guard. Having faced no health emergency of this magnitude in generations, states were left scrambling to protect their populations and shield their economies. Now that life has largely returned to normal following years of social distancing, travel controls and trade … Read more

New productivity measure could boost GCC GDP by $2.5tn: Strategy& Middle East

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RIYADH: Property developers in Saudi Arabia can now seek licenses and qualifications through a new electronic platform launched by the Real Estate General Authority. This initiative, unveiled in the presence of Majid Al-Hogail, minister of municipal and rural affairs and housing and chairman of REGA, alongside Mohammed El-Kuwaiz, chairman of the Capital Market Authority, is set … Read more

Oil Updates – prices edge up on Middle East risk

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Closing Bell: TASI closes in green with 12,296 points, reaches $2.9bn trading volume  RIYADH: Saudi Arabia’s Tadawul All Share Index concluded its Monday trading at 12,295.91 points, recording an increase of 86.85 points or 0.71 percent.   The Kingdom’s parallel market Nomu also advanced by 4.50 points or 0.02 percent to 25,305.48 points.  The MSCI Tadawul … Read more

UK Middle East minister embarks on latest Gulf tour

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Two Afghans detained at Guantanamo Bay for 14 years have been released— Taliban ISLAMABAD: Two Afghan prisoners who were held in US custody for at least 14 years at the Guantanamo Bay detention center after 2002 were released from house arrest in Oman, a Taliban spokesman said Sunday. Abdul Zahir Saber and Abdul Karim were … Read more

UK Middle East minister embarks on latest Gulf tour

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Pakistan stock market sheds over 3,000 points in two consecutive sessions amid uncertainty after polls KARACHI: Pakistan’s stock market has lost more than 3,000 points in two consecutive sessions, traders and analysts said, amid uncertainty surrounding formation of a new government after Thursday’s indecisive vote. Thursday’s vote presented no clear winner, with independent candidates, most … Read more

Rheem Middle East opens its largest innovation and learning center in Saudi Arabia

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Saudi Arabia continues to sign strategic deals with global players at defense show RIYADH: The World Defense show in Riyadh continued for the fifth day with a flurry of deals signed between top international companies and Saudi firms. As many as 10 agreements were sealed by Saudi Arabia’s Ministry of Defense with local and international … Read more

Raisi says US presence ‘disrupts’ Middle East security

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TEHRAN, Tokyo: Iranian President Ebrahim Raisi on Wednesday criticized the deployment of US troops in the Middle East, saying it “disrupts security.” “The presence of US forces in our region has no justification,” Raisi said in a Tehran ceremony ahead of the 45th anniversary of Iran’s revolution on Feb. 12. Referring to both past and present … Read more