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  • Libya
    Haftar’s forces in Libya ban U.N. flights to embattled capital

    The U.N. earlier warned flight restrictions by commander Khalifa Haftar’s forces known as the Libya National Army (LNA) were hampering humanitarian and mediation efforts in the oil-producing country embroiled in a conflict between loose alliances from western and eastern Libya since 2014.

  • Lebanon
    Distressed-Debt Funds Team Up as Lebanon Bonds Plunge to Records

    Investors are pondering what shape a default might take, with the crisis-ridden nation’s government wrangling over whether to continue servicing its liabilities.

  • Saudi-Bangladesh
    Saudi Arabia reportedly set to invest $30bn in Bangladesh

    On the first day of a two-day Joint Economic Council meeting, a 40-member Saudi delegation — led by Deputy Minister for International Affairs Mahir Al-Gassin and including representatives from seven of the Kingdom’s largest conglomerates: Saudi Aramco, ACWA Power, Honey and Health, Engineering Dimension Com, Aljomaih Energy and Water Company,

  • SoftBank profit wiped out by Vision Fund losses, second fund scaled back

    Wednesday’s dismal results could further dampen investor enthusiasm for founder Masayoshi Son’s big bets on untested start-ups. While Son told a news conference SoftBank had turned a corner, he also said he has been forced to scale back a second Vision Fund while investing with only SoftBank’s own capital.

  • Lebanon
    Protesters clash with security forces in Lebanon ahead of Cabinet vote of confidence

    Clashes broke out Tuesday between Lebanese protesters and security forces near the parliament building in central Beirut, where the new Cabinet is scheduled to submit its policy statement ahead of a vote of confidence. The meeting is being held amid a crippling economic and financial crisis, Lebanon’s worst in decades. Police threw a tight security dragnet around the area, and special forces and riot policemen quickly opened roads that were closed by protesters trying to prevent Cabinet ministers and legislators from reaching parliament.

  • Riyad Bank
    Riyad Bank hires banks for dollar sukuk issue

    Saudi Arabia’s Riyad Bank has hired international and regional banks to arrange the potential issuance of dollar-denominated sukuk, it said in a stock exchange filing on Tuesday. The country’s fourth-largest bank has hired JPMorgan , Riyad Capital, Standard Chartered, First Abu Dhabi Bank and HSBC to lead the deal, the filing said.

  • GCC
    Maybank Islamic to arrange Gulf sukuk, opens Dubai branch

    Maybank Islamic aims to arrange six dollar sukuk deals in the Gulf in 2020, including at least one sovereign issuance, its CEO said on Monday, as the bank opened a branch in Dubai, its first outside of Malaysia. The lender, which the CEO said is the largest Islamic bank by assets in the ASEAN group of Southeast Asian countries, is the Islamic banking arm of Malayan Banking Bhd (Maybank) , Malaysia’s largest lender by assets.

  • Israel
    U.S. ambassador to Israel warns against West Bank annexation

    The U.S. ambassador to Israel has cautioned Israel against “unilateral action” in annexing West Bank settlements, warning that such a move could endanger the Trump administration’s recently unveiled Mideast plan. Israeli Prime Minister Benjamin Netanyahu had initially sought to move quickly to annex large swathes of the West Bank containing Jewish settlements, following the U.S. plan’s announcement on Jan. 28. Netanyahu called for his Cabinet to vote on such a measure, only to call it off a day later. The move would have risked provoking a harsh backlash from the Palestinians and the international community. Advertisement

  • Iraq
    Abandoned and attacked, some Iraq protesters look to an ayatollah

    Abdul Zahra and many others have high hopes: it was Sistani’s final word that forced outgoing premier Adel Abdul Mahdi to quit amid popular unrest in November. With a single edict in 2014, the country’s top Shi’ite Muslim cleric also mobilized tens of thousands of men to fight Islamic State as part of Shi’ite paramilitary groups.

  • Coronavirus
    Saudi Arabia Bans Travel on Coronavirus Fears

    Saudi Arabia will stop expatriates from returning to the kingdom if they travel to China in an effort to contain the outbreak of coronavirus. The kingdom banned citizens and expatriates from traveling to China, state-run Saudi Press Agency reported. Saudi citizens violating the restrictions would be penalized, while expatriates wouldn’t be allowed back into the country.