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Saudi stock market drops 6.5-percent amid Egyptian unrest

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RIYADH – The Saudi stock market, the largest Arab bourse, dropped 6.43 percent to 6267.22 points on Saturday as tensions soared in Egypt where deadly anti-government protests continued for a fifth day.

The market has been gripped by severe anxiety because of the events in Egypt, traders in Saudi Arabia told AFP, expressing fears that other Gulf markets, due to open on Sunday, will be similarly affected.

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The Saudi Tadawul Index, the most capitalised Arab bourse, lost 430.58 points to close at 6267.22 points.

Shares in the petrochemical sector leading the Saudi market fell 8.37 percent, while losses in the banking and financial sector were down by four percent. The real estate sector fell by 6.64 percent.


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House Democrats: It’s time to include Trump’s shady Turkey deal in the impeachment inquiry

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Even by Donald Trump's basement-level standards, there's something bizarre about the president's behavior in deciding to allow a Turkish invasion of Syria aimed at pushing the Kurdish population out of the area — a move that is, for all intents and purposes, an act of ethnic cleansing. Less than two weeks ago, Trump, apparently spontaneously, acceded to Turkish President Recep Tayyip Erdoğan's request that the U.S. pull a small number of troops out of the area to clear the way for what swiftly turned into a slaughter. Since then, Trump's attempts to justify this betrayal — not just of the Kurds, but of basic human decency — have been alarmingly erratic, well beyond his existing baseline of constant, impulsive dramatics.

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Climate change not on agenda for next G7 summit: Trump White House

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Climate change will not be on the agenda of next year's G7 summit, to be held at US President Donald Trump's Florida golf club, the White House said on Thursday.

The announcement marks the latest development in Trump's running battle against nearly all forms of environmental regulation that has seen his administration pull out of the Paris climate accord, axe rules limiting leaks of the greenhouse gas methane and weaken key wildlife protections.

"Climate change will not be on the agenda," acting White House chief of staff Mick Mulvaney told reporters.

The United States and China account for nearly half the planet's carbon emissions, making them the key countries needed to get behind urgent efforts to battle climate change.

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George Conway declares Trump is now ‘the one with tire treads on his face’ — and posts this hilarious video

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Conservative attorney George Conway, spouse to Senior Counselor to the President Kellyanne Conway, took a few moments Thursday morning to once again mock President Donald Trump, and with good reason. The President’s Ambassador to the EU, Gordon Sondland, and his Energy Secretary, Rick Perry, as many are saying, are throwing Trump under the bus. Sondland’s opening remarks alone are devastating to Trump.

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