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(Reuters) – President Barack Obama launches a new effort on Monday to build business and social ties to the Muslim world, but analysts say the need for progress on big issues like Middle East peace will overshadow the initiative.

Obama hosts a two-day Presidential Summit on Entrepreneurship that will bring together about 250 successful business and social entrepreneurs from more than 50 countries, most with large Muslim populations, fulfilling a pledge he made in his Cairo speech to the Islamic world last June.

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