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Trump Clinches Historic Comeback Victory

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MIDDLEEAST TYCOONS NEWS DESK: Latest projections put Trump at 279 and Harris at 223published at 16:5116:51

With those latest – and crucial – projections from Alaska and Wisconsin, Donald Trump now has 279 electoral college votes.

In case you’re not familiar with the US’s voting system, each state or territory effectively runs its own election, and then send a designated number of electors – which is roughly based on its population size – to vote in what’s called the electoral college.

Across 50 states, plus Washington DC, there are 538 votes up for grabs and the winner is the candidate that gets 270 or more.

Kamala Harris, meanwhile, has 223, having just won New Hampshire – that gave her another four votes.

Saudi Arabia’s Q3 budget deficit decreases to $8bn

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MIDDLEEAST TYCOON NEWS DESK: Saudi Arabia reported a budget deficit of SR30.23 billion ($8.06 billion) for Q3 2024, a 15% decrease compared to the same period last year. This brings the total deficit for the first nine months of 2024 to SR57.96 billion, in line with earlier forecasts. Government revenues increased by 20%, reaching SR309.21 billion, while expenditures rose by 15%, totaling SR339.44 billion.

Oil revenues made up 62% of total income, amounting to SR190.87 billion—up 30% year-on-year—while non-oil revenues grew by 6%, reaching SR118.34 billion. Taxes on goods and services accounted for 62% of non-oil revenues, rising 5% to SR73.94 billion. Notably, “other taxes,” including corporate zakat, surged by 69% to SR5.31 billion.

Expenditures included a 6% rise in employee compensation (SR138.63 billion), 15% growth in goods and services spending (SR82.69 billion), and a 17% increase in capital expenditures (SR48.15 billion). Subsidies rose by 10%, reaching SR7.44 billion.

Government reserves fell by 4% to SR390.08 billion, while public debt reached SR1.16 trillion, with 60% in domestic debt. Despite OPEC+ oil cuts, Saudi Arabia’s revenues showed resilience, supporting its Vision 2030 goals for economic growth and diversification.

“Trump and Harris Deadlocked in Final Election Push”

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MIDDLEEAST TYCOON NEWS DESK: In the 2020 US Census, just 3.5 million Americans identified as Middle Eastern or North African, making up about 1% of the population. However, their influence in the 2024 presidential election is proving pivotal, especially in swing states like Michigan, where the Arab American vote could decide the outcome.

While Arab Americans are not a monolithic group, they have been united in their discontent over the Biden administration’s handling of the Israel-Palestine conflict. A recent Arab News/YouGov poll revealed a sharp division in their presidential preferences, with 45% supporting Donald Trump and 43% backing Kamala Harris. This split reflects a growing dissatisfaction among traditionally Democratic Arab Americans, who feel let down by Biden’s stance on the Gaza crisis.

Both campaigns have aggressively courted this crucial voter base. Harris has attempted to distance herself from Biden’s Middle East policies, calling the loss of Palestinian lives “unconscionable” and meeting with community leaders in Michigan. However, Trump has also targeted Arab Americans, positioning himself as pro-peace in the Middle East despite his controversial record.

With the race too close to call, especially in Michigan, where Arab Americans play a decisive role, the 2024 election is shaping up to be historic for this community. Their increasing political engagement—especially in cities like Dearborn, Michigan—underscores their growing influence in the American political landscape.

Bangladeshi man dies in airstrike in Lebanon.

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MIDDLEEAST TYCOON NEWS DESK:A Bangladeshi worker was killed in an airstrike in Lebanon, the foreign ministry in Dhaka reported on Sunday, as the Israeli bombardment complicated efforts to repatriate citizens.

The ministry estimates that between 70,000 and 100,000 Bangladeshi nationals are employed in Lebanon, many as laborers or domestic help.

The initial flights organized by the Bangladeshi government, in collaboration with the UN’s International Organization for Migration, returned numerous citizens from Beirut last month.

Mohammad Nizam, 31, lost his life on Saturday afternoon during a reported strike while he was stopping at a café on his way to work in Beirut, according to a statement from Bangladesh’s ambassador to Lebanon, Javed Tanveer Khan.

Mohammad Jalaluddin stated that his younger brother Nizam had lived in Beirut for over a decade and was not among the estimated 1,800 Bangladeshis who had signed up for an evacuation flight home.

“We wish to lay him to rest in our ancestral home and are currently awaiting the government’s response,” Jalaluddin told AFP.

However, senior Bangladeshi foreign ministry official Shah Mohammad Tanvir Monsur noted that arranging a flight into Beirut is challenging.

“Due to the ongoing conflict, there are very few flights operating from Lebanon to Bangladesh,” Monsur said.

“It is becoming increasingly difficult to repatriate our citizens who have registered to return home.”

Israel significantly intensified its air campaign against Hezbollah in Lebanon in September, displacing hundreds of thousands of people. It has since initiated a ground offensive aimed at pushing the group back from its northern border.

Iran and Azerbaijan collaborate on a rescue drill in the Caspian Sea.

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MIDDLEEAST TYCOON NEWS DESK:The primary phase of the exercise, named “AZIREX2024” with the motto “Collaboration for Peace and Friendship,” is scheduled for Tuesday and will involve both Iranian and Azerbaijani naval forces. The drill will be conducted by the Iranian northern fleet.

The objective of the exercise is to enhance enduring collective security and its foundations in the region, while fostering multilateral cooperation among the participating nations. It will also act as a venue to showcase the goodwill and capabilities of the involved countries in advancing peace, friendship, and maritime security.

Last month, Iran also conducted a joint naval drill with several members of the Indian Ocean Naval Symposium (IONS). The exercise, held in Iran’s southern waters, included participation from Russia, Oman, Saudi Arabia, India, Thailand, Pakistan, Qatar, and Bangladesh.

This event provided Iran an opportunity to display its naval strengths and strengthen its relationships with countries committed to the safety and security of the Indian Ocean.

Harris and Trump campaign as they intensify efforts ahead of the U.S. presidential election.

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MIDDLEEAST TYCOON NEWS DESK:Vice President Kamala Harris and former President Donald J. Trump gathered in Milwaukee on Friday night for their final scheduled appearances in Wisconsin, a critical battleground state where neither candidate holds a lead and which is deemed vital for a Harris win.

With the election only three days away, Harris maintained an optimistic tone during an evening filled with musical performances, encouraging her supporters in Milwaukee, where early voting is behind that of other regions, to “please get to it when you can.” In contrast, Trump’s rally—returning to the venue of his Republican nomination in July—carried a much different atmosphere. He used alarmist rhetoric regarding immigration, repeated falsehoods about the 2020 election, and hurled insults at his political adversaries. He also remarked that Milwaukee’s Greek-born basketball player Giannis Antetokounmpo, who is Black, appeared less Greek than Trump himself, and spent several minutes expressing frustration over a malfunctioning microphone.

However, both rallies were overshadowed by the repercussions of Trump’s recent violent rhetoric aimed at his political opponents. Late Thursday in Arizona, he suggested that former Representative Liz Cheney, a prominent critic within the Republican Party, should be placed somewhere “with nine barrels shooting at her.” When Harris started her day in Wisconsin at the Madison airport, she told reporters that Trump’s comments “must be disqualifying.” On Friday, he attempted to soften his remarks but continued to criticize Harris for her association with Cheney.

Polls indicate that Harris and Trump are nearly tied in Wisconsin, mirroring the situation in other key states. Democrats in the area are optimistic about Harris’s prospects, partly because they anticipate strong turnout from Dane County, which includes the state capital, Madison, even as turnout in Milwaukee County has fallen behind the rest of the state.

“For those of you who have not yet voted, no judgment,” Harris said at her rally in West Allis, just west of Milwaukee.

Harris Pledges Peace for Gaza in Final Campaign Push

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MIDDLEEAST TYCOON NEWS DESK: In the final hours of her campaign, Kamala Harris emphasized her commitment to achieving peace in Gaza, addressing the ongoing humanitarian crisis during a rally in a key swing state. With polling day approaching, she outlined her plans to foster dialogue and support initiatives aimed at stability in the region. Harris stated, “We must prioritize the lives of civilians and work towards a sustainable peace that respects the rights of all people.”

Her remarks come amid heightened tensions in the Middle East, with a focus on diplomatic efforts to resolve conflicts and support humanitarian aid for those affected by violence. Harris highlighted the importance of international collaboration and reaffirmed her dedication to restoring U.S. support for organizations working to alleviate suffering in Gaza.

The vice president’s comments resonated with many voters concerned about foreign policy and humanitarian issues, framing her candidacy as one that seeks to turn the page on divisive politics. As she wrapped up her campaign, Harris expressed optimism about the election outcome, encouraging supporters to vote for a future grounded in peace and cooperation. Her commitment to Gaza peace underscores a broader message of unity and a desire to heal divisions domestically and internationally.

Zionists carry out lethal airstrikes in a Lebanese city.

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MIDDLEEAST TYCOONS NEWS DESK: Lebanon reported on Sunday that an airstrike claimed the lives of three individuals near Sidon in the south, while additional bombs struck the east as Zionist Prime Minister Benjamin Netanyahu toured his nation’s northern border. The recent assaults on eastern Lebanon followed a warning from the Zionist entity that it would target Hezbollah positions once again. Netanyahu’s office stated that the premier “visited the Lebanon border today,” marking his second trip there within a month. This occurred as the military announced that over 100 projectiles were launched from Lebanon into Zionist territory on Sunday. Some of these were intercepted, while others landed in uninhabited regions.

Harris Pledges to End Divisive Politics; Trump Confident in Election Victory

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MIDDLEEAST TYCOON NEWS DESK: With less than 24 hours until polling day, Kamala Harris and Donald Trump ramped up their campaigns in crucial swing states on Sunday. Harris rallied in Michigan, vowing to “turn the page on a decade of politics driven by fear and division,” asserting that the upcoming election is “one of the most consequential” in history. She expressed confidence in her chances and reiterated her commitment to protect women’s reproductive rights, though she faced criticism for not disclosing her stance on a controversial California initiative that could increase penalties for shoplifting and drug offenses.

Meanwhile, Trump campaigned in North Carolina, confidently declaring, “We have a big, beautiful lead,” urging supporters to vote on Tuesday. He criticized the Biden administration’s response to Hurricane Helene and repeated unsubstantiated claims of vote rigging in Pennsylvania, alleging that ballots were being manipulated. Both candidates are neck and neck in polls, with Harris at 48% and Trump just under 47%, making swing states like Arizona, Georgia, Michigan, and North Carolina pivotal for their electoral prospects. The final days of campaigning have focused heavily on these battleground areas, underscoring their importance in determining the election outcome.

Jordan, UN Discuss Urgent Needs in Palestinian Refugee Camps

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MIDDLEEAST TYCOON NEWS DESK: Jordan’s Department of Palestinian Affairs and the UN Relief and Works Agency for Palestine Refugees (UNRWA) held discussions on Sunday to address the urgent needs of displaced individuals in Palestinian refugee camps. Director-General Rafiq Khirfan condemned a “systematic campaign” against UNRWA, criticizing recent Israeli actions aimed at restricting the agency’s operations in the occupied territories, including East Jerusalem.

He described these measures as violations of international law that undermine UNRWA’s mission to support Palestinian refugees and advocate for their rights. Despite these challenges, Khirfan reaffirmed Jordan’s commitment to supporting UNRWA. UNRWA’s Jordan Affairs Director, Olaf Becker, expressed gratitude for Jordan’s ongoing support in facilitating the agency’s work in the camps.