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  • Saudi Arabia to deposit $1 billion in Yemen’s central bank

    Saudi Arabia will make a $1 billion deposit in Yemen's Aden-based central bank on Tuesday, Saudi Arabia's state news agency SPA said, as the government there struggles with a weak currency and high fuel and commodity prices. Riyadh leads a military coalition in Yemen that has been fighting the Iran-aligned Houthis since 2015 after the movement ousted the Saudi-backed government from the capital, Sanaa.

  • Taliban forging religious emirate in Afghanistan with draconian Islamic law

    A year and a half later, the Taliban has gutted the country’s justice system in its campaign to forge a religious emirate, by scrapping the constitution and replacing the legal code with rules based on a draconian interpretation of Islamic law. The Taliban has filled prisons to overflowing, deprived men and women of basic civil rights, and eroded social safety nets meant to protect the most vulnerable Afghans. It is also seeking to transform the media, using it to promote its vision for the country and restricting content deemed un-Islamic, including music and the presence of women.

  • Saudi crown prince appoints new chairman of Small and Medium Enterprises Bank

    Yousef bin Abdullah Al-Benyan was appointed chairman of the board of directors of Saudi Arabia’s Small and Medium Enterprises Bank by Crown Prince Mohammed bin Salman on Thursday. Al-Benyan thanked the crown prince for the confidence he has shown in him, and for his continuing support of small and medium-sized businesses and efforts that help them to achieve financial stability.

  • The EU Ban on Russian Oil: Crude Implications for the Middle East

    Middle Eastern petroleum exporters have gained overall from the Russia shock, mainly in the form of higher prices. They have also benefited from opportunities to refine, store, and redistribute Russian crude and can continue to benefit from them going forward.

  • World Bank most concerned in MENA about Lebanon and Tunisia

    The World Bank is particularly concerned in the Middle East and North Africa region about Lebanon and Tunisia and, to a lesser extent, Egypt and Jordan, the bank's vice president for MENA said on Tuesday. "We have a number of tensions in those countries," including debt levels and high inflation, Ferid Belhaj told Reuters on the sidelines of the World Government Summit in Dubai.

  • World Bank most concerned in MENA about Lebanon and Tunisia

    The World Bank is particularly concerned in the Middle East and North Africa region about Lebanon and Tunisia and, to a lesser extent, Egypt and Jordan, the bank's vice president for MENA said on Tuesday. "We have a number of tensions in those countries," including debt levels and high inflation, Ferid Belhaj told Reuters on the sidelines of the World Government Summit in Dubai.

  • Valentine’s Day in Saudi Arabia: Once-banned holiday entices couples, singles alike

    “My wife and I have been married for ten years. We used to celebrate Valentine’s Day at home and would buy each other small gifts a week in advance. I would order flowers, which were doubled in price by the way, days before,” Yousef Moussa told Al Arabiya English. “This year, we plan to enjoy a nice dinner at a restaurant together. It’s nice to publicly show our love,” he added.

  • Valentine’s Day in Saudi Arabia: Once-banned holiday entices couples, singles alike

    In the days leading up to Valentine’s Day, flower shops and restaurants in Saudi Arabia are luring in couples and singles alike with beautifully assorted bouquets and tailored menus to mark the occasion. Seven years ago, lovers had to plan their gifts weeks in advance to avoid being caught by the since-abolished Committee of Promotion of Virtue and Prevention of Vice.

  • Israel authorises West Bank outposts, despite U.S. admonition

    Israel granted retroactive authorisation on Sunday to nine Jewish settler outposts in the occupied West Bank and announced mass-construction of new homes within established settlements, moves likely to draw U.S. opposition. The first to publish the decisions by Prime Minister Benjamin Netanyahu's security cabinet were two pro-settler politicians whose inclusion in the coalition he built after a Nov. 1 election had already signalled a hard-right tack.

  • Diriyah Urban Festival kicks off in Saudi Arabia

    Get on your bike. The Diriyah Urban Festival is riding into town, showcasing the best of breakdancing, parkour and skateboarding. Plus, it will host the BMX Freestyle World Cup 2023 for the first time in the kingdom. If you love biking culture, then this is for you. The festival brings the sport to thrilling life with BMX, mountain bikes, and scooters. Visitors can watch demonstrations, shows and workshops. Plus, you can be wowed by parkour performers and watch parkour competitions.