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  • Taliban not ready to meet Afghan govt in Turkey as US wants

    In an audio message to The Associated Press, Taliban spokesman Mohammad Naeem said the Islamic Emirate — the name the Taliban gave their government — was not ready to attend this week’s planned meeting in Turkey. He said the insurgent group was still discussing the U.S.-proffered peace agreement. He later shared his audio recording on a What’s App group.

  • France and EU ponder sanctions for Lebanese politicians, diplomats say

    France and the European Union are putting together proposals that could see asset freezes and travel bans imposed on Lebanese politicians to push them finally to agree on a government to rescue their country from economic collapse.

  • Loud debates, fun banter: Mideast finds outlet in Clubhouse

    They are boisterous, argumentative and at times downright hilarious. Hundreds of thousands of people in the Arab world are turning to Clubhouse, the fast-growing audio chat app, to mock and vent against longtime rulers, debate sensitive issues from abortion to sexual harassment, or argue where to find the best and cheapest shawarma sandwich during an economic crisis.

  • Saudi Arabia bans selling tobacco to minors, and smoking around them

    Saudi Arabia banned the sale of tobacco to teenagers under 18 years old and smoking in areas where children are present, state media reported this week. Importing and selling toys or candy made to look like cigarettes, or bear images that encourage children to smoke, has also been banned by law.

  • As margins fall, mortgage refinancing dynamics favor UAE, Saudi banks

    Saudi Arabia's banks have expanded their mortgage books by capitalizing on government plans to boost home ownership to 60% by 2020 and 70% by 2030, from 50% previously. "The UAE and Saudi mortgage markets are very different," said SICO's Ghosh. "In Saudi, banks are going all out to increase their mortgage lending, whereas UAE banks are a lot more skeptical."

  • New Saudi National Policy Bans Labor for Children under 15

    Setting the minimum age for labor at 15 years is consistent with the international obligations of the Kingdom and in line with the 2001 International Labor Organization (ILO) Convention No. 182, also known as the “Worst Forms of Child Labor Convention.”

  • Goldman Hires Ex-UBS Banker to Double Wealth Business in Mideast

    Goldman Sachs Group Inc. hired a UBS Group AG banker to run its private wealth management unit for the Middle East and North Africa, as part of a strategy to expand its business catering to rich clients. Gabriel Aractingi joined the U.S. bank earlier this month as head of private wealth management for the region and will be based in Geneva. He was previously UBS’s head of global family office for MENA since 2018.

  • Saudi’s Islamic Development Bank lists $2.5bn sustainability sukuk on Nasdaq Dubai

    Saudi Arabia’s Islamic Development Bank (IsDB) has listed a $2.5bn sustainability sukuk on Nasdaq Dubai. It is the second AAA-rated sukuk issuance under the Sustainable Finance Framework of IsDB and is the bank’s biggest US dollar public issuance to date. The 5-year $2.5 billion Trust Certificates were priced at par with a profit rate of 1.262 percent, payable on a semi-annual basis.

  • U.S. Looks to Build on Secret Portions of Taliban Deal to Reduce Violence

    In the final weeks before the U.S. is set to withdraw from Afghanistan, officials are trying to negotiate with the insurgent group and stave off a Taliban spring offensive.

  • Jordan bans media coverage of royal rift, Saudi reaffirms support

    -Jordan banned all news outlets and social media users on Tuesday from publishing any content related to King Abdullah’s half-brother Prince Hamza after the latter was accused of plotting to destabilise the country.