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Saturday, 3 Aug, 2013
Washington, AP—As Iran's new president takes over, new US penalties against the country appear a done deal.
In a letter to President Barack Obama, 76 senators are demanding tougher punishment on Iran's economy until the Islamic republic scales back its nuclear program. It also urges Obama to consider military options while keeping the door open to diplomacy.
The Senate letter, a copy of which was obtained Saturday by The Associated Press, comes just days after the House overwhelmingl...
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Karachi, Reuters—With its brisk kidnap industry, dirty politics and robust murder rate, Pakistan's commercial capital, Karachi, is an unlikely destination for a pair of go-getting financiers fired with the follow-the-money ethos of Wall Street.
But the risk-hungry duo have forsaken budding careers in the US financial industry in the belief that somewhere in Pakistan's ranks of unglamorous, overlooked family businesses lie hidden the seeds of future corporate giants.
"I feel like being a ...
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Mecca, Asharq Al-Awsat—On Thursday, King Abdullah bin Abdulaziz Al Saud initiated a number of development projects worth an estimated SAR 327 billion. The initiatives will ta...
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Thursday, 1 Aug, 2013
Jeddah, Asharq Al-Awsat—State-owned carrier Saudi Airlines has signed an agreement to privatize the Saudi Aerospace Engineering Industries company. The agreement will involve the...
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Wednesday, 31 Jul, 2013
Cairo, Asharq Al-Awsat—Hamdi Samir, adviser to the minister of finance for public debt affairs has said the plan to issue Egyptian bonds in favor of Qatar has been temporaril...
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Tuesday, 30 Jul, 2013
Riyadh, Asharq Al-Awsat—The Saudi government has awarded the contracts to build the Riyadh Metro to three consortiums consisting of local and international companies. Spain's FCC...
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Tuesday, 30 Jul, 2013
London, Asharq Al-Awsat—Iran renewed its readiness to “provide Syria with all elements of support, including supplying its energy requirements" during a meeting with a Syri...
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Monday, 29 Jul, 2013
Amman, Asharq Al-Awsat—The Jordanian government and the World Bank signed a loan agreement worth USD 150 million yesterday to help Jordan cope with the burden caused by the Syria...
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Monday, 29 Jul, 2013
Riyadh, Asharq Al-Awsat–Chinese telecoms giant Huawei has entered the Saudi Arabian market, bringing competition for Apple and Samsung. While the latter firms dominate the market...
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Monday, 29 Jul, 2013
Kabul, Reuters—Afghanistan hopes an agreement with Iran to use one of its ports will help boost exports to Europe and India and reduce its dependence on neighbouring Pakistan...
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