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IEA’S oil market optimism offers hope

  The projections of the International Energy Agency (IEA) that the global oil market will be almost balanced next year as demand continues to rise faster than production, while the current oversupply is much smaller than previously thought, echo the UAE’s position that current prices were not sustainable. The surplus in the first half of this year is about 40 ...

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As Central Banks meet, BOJ has toughest job

  Mohamed A. El-Erian As central banks in advanced economies — including the Bank of England, the Bank of Japan, the Swiss National Bank and the U.S. Federal Reserve — hold policy their meetings this week, they will all confront tricky questions about the management of national liquidity and cross-border influences. The most fascinating discussion, however, will take place at ...

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Washington’s budgets for Central Asia grow

Top diplomats from the U.S. State Department and USAID appeared before a congressional subcommittee last week to make the case for the department’s FY 2017 budget, which requests $164.1 million for Central Asia. Speaking before the House Foreign Affairs Committee’s subcommittee on Europe, Eurasia, and Emerging Threats, Daniel Rosenblum of the U.S. State Department detailed the justification behind across-the-board increases ...

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