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  • Lebanon Sinking (to the Top 3)

    The Lebanon financial and economic crisis is likely to rank in the top 10, possibly top three, most severe crises episodes globally since the mid-nineteenth century.

  • Qatar Petroleum hires banks to run ‘jumbo’ bond sale in June

    Qatar Petroleum (QP) has hired international banks for a multi-billion dollar debut public bond sale by the end of June, two sources said, as lower oil and gas prices prompt Gulf energy firms to raise cash.

  • Pope to meet with Lebanon’s Christian leaders

    Pope Francis plans to meet with leaders of Lebanon's Christian community on Tuesday for a "day of reflection on the worrying situation in the country," Reuters reports.

  • Saudi Arabia’s Reema bint Bandar: We can’t wait for change to happen

    “I remember the onslaught of the cicadas. I remember ‘Hands Across America’ and the best of the music and the culture of the 1980s,” said Bandar, adding that she didn’t even know there was an Arab community in the Washington metro area until the age of 15. “My memories of America are memories of joy.”

  • Saudi mums can open bank accounts for their children

    SAMA said in a circular on its website it is keen to contribute to empowering maternal clients to manage their children’s affairs. Children’s account will be in the name of the minor but a subsidiary of the mother’s account . Saudi Arabia was the top reformer and improver among 190 economies in the World Bank’s Women, Business and the Law 2021 report, achieving a score of 80 out of 100, compared with last year’s 70.6.

  • Iran bans cryptocurrency mining for four months after blackouts

    President Hassan Rouhani told a cabinet meeting the main cause of the blackouts was a drought that had affected hydro-electric power generation. But he said cryptocurrency mining, 85% of which is unlicensed, was draining more than 2GW from the grid each day. An estimated 4.5% of all Bitcoin mining takes place in Iran.

  • Google urged to abandon Saudi cloud project

    Dozens of campaign groups are urging Google to abandon a cloud computing project in Saudi Arabia, saying the company is at risk of being "complicit in future human rights violations." Google announced plans late last year to establish a "cloud region" in Saudi Arabia in partnership with Saudi Aramco. Google (GOOGL) said that services offered as part of its agreement with the mammoth state oil company would allow businesses in the region to "confidently grow and scale their offerings."

  • Saudi Arabia, World Bank pledge $100m to global tourism fund

    During Saudi’s G20 presidency, the Kingdom hosted the first-ever private sector tourism event in collaboration with policymakers to forge strategies for the future of tourism and coordinate immediate-response action to the pandemic.

  • Lebanon president says PM-designate incapable of forming government

    Lebanon's president has said he believes Prime Minister-designate Saad al-Hariri is incapable of forming a government to pull the nation out of financial crisis. President Michel Aoun's verdict was contained in a letter read out to parliament on Friday and which will be discussed on Saturday.

  • 18,680 Saudis traveled abroad within 36 hours after ban lifted

    According to the ministry, the United Arab Emirates was the top destination for those who traveled via air, followed by Egypt, Qatar, the United States, and the United Kingdom. Meanwhile, 5,717 citizens departed for the neighboring countries via land border crossings.