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  • Political, Economic Strife Takes Emotional Toll on Lebanese

    The country's Negative Experience Index score rose from 30 in 2018 to 48 in 2019 as political and economic turmoil gripped Lebanon. Behind the overall scores, the percentage of Lebanese who experienced sadness more than doubled, from 19% to 40%, and nearly twice as many were angry in 2019 (43%) as in 2018 (23%). Levels of stress, worry and pain also soared to record levels in 2019.

  • Pompeo to make unprecedented visit to West Bank settlement

    The trip seems intended to highlight the Trump administration's policy shifts on Israel. For Pompeo, it also has domestic political significance ahead of a possible presidential run in 2024.

  • Saudi government signs supply chain finance agreements with three banks

    After oil prices crashed in 2014-205, the government of the world’s largest oil exporter reduced or suspended payments that it owed to construction firms, medical establishments and even some of the foreign consultants who helped to design its economic reforms. The finance ministry then pledged in late 2016 to accelerate the payment process within 60 days from receiving the invoice. Monday’s agreement will support government efforts to speed up the pace of payments and dues to private sector suppliers, Samba Financial Group said in a separate statement.

  • As virus mutes Dubai nightlife, Filipino bands feel the pain

    Show bands from the Philippines have long animated Dubai’s nightlife, satisfying an appetite for rock, R&B and pop that has grown with the emirate’s expat population. Now, as the pandemic mutes the city’s live-music scene and clobbers its economy, hundreds of Filipino performers are struggling to survive.

  • A Quick Guide for Banks Deploying a VAT Compliance Solution in the GCC​

    With more GCC countries introducing VAT and changing regulatory requirements in countries that have already implemented it, banks and financial institutions will need to adopt a proactive approach to ensure compliance. It is critical for banks to understand the complexity of implementing a GCC VAT product and best practices that can aid them in a smooth VAT compliance journey.

  • Africa remittances fall in pandemic not bad as feared, World Bank

    Remittances to the region are now projected to decline by 9% in 2020 and 6% in 2021. By those estimates, total remittances to sub-Saharan Africa this year are expected to be around $44 billion, down from $48 billion last year. Globally, World Bank’s latest estimates now project that, compared to 2019 levels, remittances to low and middle income countries will fall by 7% in 2020 and a further 7.5% in 2021.

  • West Bank witnesses largest demolition in years

    So far in 2020, 689 structures have been demolished across the West Bank, including East Jerusalem, more than in any full year since 2016; rendering 869 Palestinians homeless. The lack of Israeli-issued building permits is typically cited as a reason, even though, due to the restrictive and discriminatory planning regime, Palestinians can almost never obtain such permits. Demolitions are a key means of creating an environment designed to coerce Palestinians to leave their homes.

  • First foreign pilgrims to arrive in Saudi Arabia after COVID-19 ban perform Umrah

    The first foreign pilgrims to arrive in Saudi Arabia after a temporary ban to curb the spread of COVID-19 was lifted performed Umrah on Wednesday evening. The president of the General Presidency for the Affairs of the Two Holy Mosques Sheikh Dr. Abdulrahman Al-Sudais greeted the pilgrims on their arrival at the Grand Mosque.

  • G20 ‘ideas bank’ issues final report ahead of Saudi summit

    The T20, dubbed the “ideas bank” of the G20, convened for the summit in Riyadh under the direction of two lead organizations, the King Abdullah Petroleum Studies and Research Center (KAPSARC), and the King Faisal Center for Research and Islamic Studies (KFCRIS).

  • Saudi Arabia bans anti-Sharia names

    The Interior Ministry’s Civil Affairs Agency said that names such as Abd Rasul (the Slave the Prophet) will not be registered. And so too Malak (an angel) due to a related fatwa or a binding religious edict prohibiting it.