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  • Goldman Bankers Join Saudi Media Group With Global Ambitions

    “SRMG has ambitious expansion and digital transformation plans,” Alrashid said in a statement. “The media landscape is constantly changing and evolving, and our growth strategy will enable SRMG to consolidate its regional position, while advancing its global presence.”

  • US goes one year without a combat death in Afghanistan as Taliban warn against reneging on peace deal

    Despite the February deal, which was brokered by the Trump administration, violence surged last year and United Nations’ officials have said al-Qaida remains “heavily embedded” with the Taliban.

  • Biden Extends Ban on Turkey Buying F-35 Stealth Fighter

    “Turkey is a longstanding and valued NATO ally, but their decision to purchase the S-400 is inconsistent with Turkey’s commitments as a U.S. and NATO ally,” Pentagon Press Secretary John Kirby said during a Friday afternoon press briefing. “Our position has not changed. The S-400 is incompatible with the F-35 and Turkey has been suspended from that program. We urge Turkey not to retain the S-400 system.”

  • SoftBank Turns $11 Billion Profit, Helped by DoorDash

    SoftBank Group Corp. 9984 4.45% rode red-hot stock markets to a big quarterly profit, largely on the back of investment gains at its $100 billion Vision Fund and its $10 billion successor.

  • Tripoli, Lebanon’s poorest city, on edge after curfew, protests

    Lebanon’s poorest city, Tripoli, was again racked by violent protests last week, and some politicians and experts warn that unrest could spread if more is not done to support people facing deepening poverty amid coronavirus restrictions.

  • Analysis: Preventing partition: The case against a diplomatic band-aid in Libya

    The historical case against partitioning is twofold. First, partitioning remains a divisive relic of the colonial era. Second, the timeline to achieve peace and stability after partitioning cannot be known. Partitioning was a standard practice to sow division and make it easier to govern divided territories and countries. Proponents of partition argue that it brings peace and stability to the region quickly; the historical examples below would suggest otherwise.

  • Yemeni PM criticizes UN report on central bank corruption

    In its report last week to the UN Security Council, the Panel of Experts on Yemen found that the central bank had helped a group of Yemeni traders make $423 million in profits from “a sophisticated money-laundering scheme of the Saudi deposit” and manipulating foreign exchange rules.

  • NCB plans to change its name to ‘Saudi National Bank’

    National Commercial Bank (NCB) plans to change its name to ‘Saudi National Bank’, subject to regulatory and shareholder approval, after the conclusion of its intended merger with Samba Financial Group (Samba). The merger is expected to create a new Saudi banking champion with more than SAR 837 billion ($223 billion) in assets, uniquely positioned to accelerate the transformation of Saudi Arabia’s banking landscape and deliver progress towards Vision 2030.

  • Saudi bank loans to public, private sectors rise 15% to $490.9bn in December 2020

    Private sector lending also rose 14 percent year-on-year (YoY) to SR 1.763 trillion for the same month. Meanwhile, loans granted to non-financial public sector’s institutions amounted to about SAR 79.2 billion at the end of December, an increase of 28 percent, compared to the same period in 2019.

  • Ambassador Reema bint Bandar Urges Increased Investments in Food Security

    "I'm calling out to you today to make an investment today that stabilizes tomorrow. An investment in food security means investing in women, children, education, social protection and rural infrastructure."