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May, 28, 2016

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Business > Middle East
Qatar conceded Monday that "much more needs to be done" on the controversial issue of labor reform following fresh criticism of the 2022 World Cup hosts over the pace of change.
 
Saudi Arabia opens US$585 billion stock market for direct foreign investment
Saudi Arabia's stock market, valued at US$585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices.
 
OPEC likely to keep output target on hold
The price of crude remains too low for most OPEC member nations. But with the 12-nation cartel's control of supply and demand slipping, its oil ministers may have little choice this week but to sit back and do nothing.
 
Chaos hit Belgian airports on Wednesday when an electrical failure at air traffic control in Brussels caused Belgium-bound flights to be diverted, with departures delayed and flights canceled over six hours.
 
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