Yemen’s Houthis, Gov’t Trade Accusation of Truce Violation

CAIRO, Dec 16 – Yemen’s dominant Houthi group and President Abd-Rabbu Mansour Hadi’s government have accused each other of violating a ceasefire aimed at facilitating U.N.-sponsored peace talks, although the truce appeared to be largely holding on Wednesday. The seven-day truce began at mid-day on Tuesday as representatives of Hadi’s government and the Iran-allied Houthis

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Saudi-Iran Rivalry Sets Scene for OPEC Showdown Over Output

By Alex Lawler, Vladimir Soldatkin and Shadia Nasralla VIENNA, Dec 7 (Reuters) – It used to be said of OPEC that it was like a teabag – it only worked in hot water. If that is so, conditions on world oil markets could hardly be more difficult as prices languish at almost seven-year lows near

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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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