Persian Gulf News
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Saudi Arabia arrested 10 people, including eight Saudi nationals, it says were spying for Iran, the official Saudi Press Agency said, citing an unidentified Interior Ministry spokesman.
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A surplus of the largest oil tankers expanded for a second week in the Persian Gulf, the world’s biggest crude-loading region, a Bloomberg News survey showed.
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U.S. Secretary of State John Kerry arrives in Oman today where he will highlight the Persian Gulf nation’s intent to purchase a $2.1 billion air-defense system from American contractor Raytheon Co.
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Charter rates for the largest oil tankers hauling Middle East crude to Asia slumped for a fourth session as the surplus of available ships for loading cargoes expanded.
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Saudi Arabia, Kuwait, and Venezuela reduced crude oil exports in March from the previous month while West African members of the Organization of Petroleum Exporting Countries increased shipments, according to official data.
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Saudi Arabia’s benchmark stock index gained the most in more than four months, led by real estate developers and petrochemical companies.
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The Pentagon is asking Congress to approve a plan shifting about $9.6 billion in this year’s defense budget to priority projects, mostly to pay for greater- than-expected Afghanistan war and transportation costs.
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President Barack Obama and Turkish Prime Minister Tayyip Erdogan presented a joint front against Syrian dictator Bashar al-Assad even as Obama shies away from deeper U.S. involvement in the conflict, such as sending weapons to the rebels.
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The Pentagon will ask Congress to approve about $79.5 billion for combat operations, the least since 2005, as U.S. troops withdraw from Afghanistan, according to administration officials.
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Qatar Holding LLC, a unit of the Persian Gulf emirate’s sovereign-wealth fund, agreed to buy a 40 percent stake in Milan’s newly built Porta Nuova business district to expand its Italian real estate holdings.
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