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  • Japanese bank syndicate signs US$500 million loan for Saudi power grid

    The loan is intended to provide SEC with the funds necessary for projects in the field of electricity transmission and distribution that contribute towards mitigating environmental impact, such as constructing a new substation and transmission lines to integrate renewable energy to the grid networks and introducing smart meters in Saudi Arabia.

  • Israel Briefly Shells Southern Lebanon After Militant Rocket Fire

    The Israeli Army fired several artillery rounds into southern Lebanon early Tuesday in a brief response to rockets fired into Israel hours earlier by militants in the neighboring nation. No injuries were reported on either side during the skirmish, since the projectiles largely fell in open areas. One rocket from Lebanon was intercepted by an Israeli missile defense system, known as Iron Dome, while a second fell without causing damage. The Lebanese Army later said it had foiled an attempt by militants to fire a third rocket.

  • Talent and trust: The woman who rose to the top of Saudi Arabia’s banking sector

    One of the best illustrations for understanding the importance of competence in establishing trust can be seen in the story of one of the few women to ascend to a leadership position in Saudi Arabia’s financial sector.

  • As Lebanon Collapses, Riad Salameh Faces Questions

    The allegations have caused a sensation in a country enduring a crisis that the World Bank said recently could rank in the top three worldwide over the last 150 years, a “brutal” economic contraction of a magnitude “usually associated with conflicts or wars.”

  • Taliban offer 3-month ceasefire in return for prisoner release

    Nader Nadery, the spokesman for the Afghan government’s negotiating team in the Qatari capital, Doha, said it was a “big demand”. Peace talks between Taliban and Afghan leadership in Doha have been stalled for months.

  • Saad Hariri steps down as Lebanon’s prime minister-designate pushing country into more uncertainty

    The Lebanese lira, which has lost more than 90% of its value in less than two years, fell in value within minutes of Hariri's resignation announcement. The country's currency has been in freefall since a popular uprising against Lebanon's ruling elite gripped the country in October 2019.

  • SAMA directs banks to appoint official to monitor tasattur cases

    The directive comes in line with the Central Bank’s supervisory and oversight role, as well as to protect the financial sector and its reputation from money laundering, terrorist financing or related crimes, including the crime of tasattur. According to the circular, the new official will be tasked with analyzing and reporting cases of suspected commercial cover-ups.

  • Afghan Taliban seize border crossing with Pakistan in major advance

    The crossing, in the Spin Boldak district south of Afghanistan's main southern city Kandahar, is the landlocked country's second busiest entry point and main commercial artery between its sprawling southwest region and Pakistani sea ports. Afghan government data indicate that the route is used by 900 trucks a day.

  • Official: Afghan delegation, Taliban to talk peace in Qatar

    A high-powered Afghan government delegation, which will include the head of the country’s reconciliation council, is to meet the Taliban in Doha to jump-start a long-stalled peace process, an Afghan official said Tuesday. The Taliban were expected to bring their senior leaders to the table when the two sides meet, possibly on Friday, said the official who spoke on condition of anonymity because they were not authorized to brief reporters. The Taliban maintain a political office in the Qatari capital of Doha.

  • What does Saudi ban on Syrian produce mean for Assad’s government?

    Ahmad Hassan, a Syrian journalist residing in Turkey, told Al-Monitor that banning entry to Syrian trucks is part of the Saudi measures to counter the smuggling of drugs from Lebanon and Syria, because there is no joint Saudi-Syrian coordination mechanism that ensures Saudi knowledge of the government’s import procedures. Lately, the number of cargos containing drugs coming from Syria into Saudi Arabia has increased, he said.