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Saudi Arabiahas the second largest oil reserves in the world, and Iran has the world’s largest copper reserves. Nearly all the countries in the Middle East produce and export oil and natural gas. There are other natural resources unique to each region in the Middle East.
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Since 1980, thepricehas remained in the range of $320 to $460 per troy ounce. The rapidly risingpricesof the 1970's encouraged both experienced explorationists and amateur prospectors to renew their search for gold. As a result of their efforts, manynewmines opened in the 1980's, accounting for much of the expansion of gold output.
The Hong Kong stock exchange closes today after 31 years of trading. The closure is thepricepaid for the rapid rise in internet and electronic trading. Hong Kong is highly unlikely to be the last stock exchange to become redundant. As increasing amounts of trading are carried out online, the old stock exchange floo [...] Read More
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Jan 24, 2013· Up to 233 billion barrels of oil has been discovered in the Australian outback that could be worth trillions of dollars, in a find that could turn the region into anew Saudi Arabia.
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Feb 04, 2018·Saudi Arabia’s role in Central-Asian affairs has increased in recent months, and with the financing of the TAPI pipeline, the Saudis are making a risky bet on regional energy security