middle east

Refugees Drown After Boat Sinks In Kos

ATHENS, Nov. 17 – Eight migrants drowned and at least another three were missing after their inflatable boat sank off the Greek island of Kos early on Tuesday, the coastguard said. Seven people were rescued, and emergency crews were still trying to recover all the bodies of the people who died from the capsized vessel,

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Paris Attacks Reverse Global Market Losses

LONDON, Nov. 16 – European shares reversed early losses on Monday and the safe-haven yen fell against the dollar with no long-term economic impact seen from Friday’s attack in Paris. Asian shares hit six-week lows as investors bought into traditionally safe investments, including gold, the yen and low-risk government debt. However, gold came off session

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G20 Summit In Turkey Focuses On Syria, Daesh Militancy

BELEK, Turkey, Nov 15  – U.S. President Barack Obama vowed on Sunday to step up efforts to eliminate Daesh and prevent more attacks like those in Paris, while urging Russia’s Vladimir Putin to focus on combating the jihadist group in Syria. British Prime Minister David Cameron has said he will also urge President Vladimir Putin on

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Afghan Troops Defect To Taliban

LASHKAR GAH, Afghanistan, Nov. 14 – At least 65 Afghan soldiers have defected to the Taliban, taking their weapons and equipment with them and 88 have been killed in days of heavy fighting in the volatile southern province of Helmand, the local provincial Governor said on Saturday. The latest losses underline the heavy toll being

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Iraqi politician Chalabi’s Family Suspect Foul Play in His Death

By Suadad al-Salhy Tuesday’s death of Iraq’s most controversial politician, Ahmed Abdulhadi Al Chalabi, has raised concerns among his family who await the results of an autopsy as they believe he may have been murdered. A family member who declined to be identified told Newsweek Middle East that the family “has big doubts” about his cause of

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Standard and Poor’s Takes Negative Ratings Action Against 8 Saudi Banks

By Staff Writer Standard & Poor’s Ratings Services took negative rating actions on eight Saudi banks, citing increased economic risks as the main reason. The ratings agency, which has recently lowered the Kingdom’s ratings to ‘A+/A-1’, said the sharp drop in oil prices and the resulting negative swing in Saudi Arabia’s fiscal balance “will weaken

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Yemen: Girls With Guns

Female university students join the resistance BY Nasser Al Sakkaf By most measures, Amal Al Wafi is like most college students. She wakes each morning at 7, boards the bus and studies hard to earn her administration degree at Taiz University, hoping it will earn her a position as a manager someday. But since renewed

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Health Concerns Rise with Garbage Piles

Sounding the Alarm As Lebanese Streets Drown in Trash BY Mostapha Raad Until mid October 2015, the Health Ministry registered 460 cases across Lebanon versus 364 cases in 2014. Lebanon’s waste management crisis is approaching its four-month mark with no end in sight. Following the first rains, tons of trash bags which have been piling

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Gulf’s Private-Sector Growth Slows As Price of Oil Falls

DUBAI, Nov 3 (Reuters)  The private sector in the two biggest Gulf Arab economies grew at the slowest pace in years in October, corporate surveys showed on Tuesday, indicating low oil prices are starting to slow business activity across the region. The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index for last month dropped

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Ratings On Saudi Arabia Lowered To ‘A+/A-1’; Outlook Remains Negative

By staff reporter Standard and Poor’s Ratings Services lowered its unsolicited long-and short-term foreign- and local-currency sovereign credit ratings on the Kingdom of Saudi Arabia to ‘A+/A-1’ from ‘AA-/A-1+’. The outlook remains negative. In a report issued late Friday, S&P also revised its transfer and convertibility (T & C) assessment on Saudi Arabia to ‘AA-‘from

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