MENASource|Following the Arab Transitions

Yemen’s Foreign Minister Riad Yassin told reporters that the battle to retake the capital from Houthi rebels will begin within eight weeks. Yassin declined to comment on the number Saudi and UAE troops currently in Yemen.

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Russia’s state-owned oil company Rosneft signed a deal with Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) on Thursday to supply Egypt with liquefied natural gas (LNG).

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Delegates for Libya's rival GNC parliament will hold off joining peace talks that were due to start today until they manage to form a new team following the resignation of a senior negotiator, a representative said.

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Iraqi Kurdistan said on Thursday it expects to begin making regular payments to oil exporting companies in the first half of September.

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Turkey has recently launched a large-scale anti-terror campaign targeting Islamic State (ISIS or ISIL) networks and suspected members of the Kurdistan Workers’ Party (PKK)—a US, EU, and Turkish designated terror group.

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ISIS is awash in cash, terrorist financing experts say. Extortion and taxation of the populations the group controls, illicit oil sales, ransoms, seizures of bank deposits, and now the sale of small antiquities are all contributing to ISIS’s coffers.

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Pressure on the Saudi Arabian riyal in the currency forwards market eased on Tuesday after Ahmed al-Kholifi, Deputy Governor for Research and International Affairs at the Saudi Arabian Monetary Agency (SAMA), said the kingdom was committed to keeping the riyal pegged to the US dollar.

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The International Committee of the Red Cross (ICRC) said Tuesday it had temporarily suspended its activities in the southern Yemeni port city of Aden after its office was raided by unidentified gunmen a day earlier. The attackers held staff at gunpoint and stole cars, cash and equipment, ICRC spokeswoman Dibeh Fakhr said in an emailed comment.

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The Islamic State (ISIS or ISIL) attack on Marea on August 11 closely resembled their offensive in northern Aleppo two months prior. In both instances, ISIS launched attacks against the Levant Front (or Jabhat al-Shamiyya), in close proximity to the Turkish border and within ten miles of a Turkey-Aleppo supply route critical to rebel forces.

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Iraq has paid foreign oil companies $9 billion in remaining arrears for 2014 and will pay outstanding fees for 2015 in stages until the beginning of next year, Oil Minister Adel Abel Mehdi said

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