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  • Taliban Talks
    Taliban say they handed cease-fire offer to US peace envoy

    The Taliban have given the U.S. envoy a document outlining their offer for a temporary cease-fire in Afghanistan that would last between seven and 10 days, Taliban officials familiar with the negotiations said Thursday. The offer is seen as an opportunity to open a window to an eventual peace deal for Afghanistan that would allow the United States to bring home its troops and end the 18-year war, America's longest conflict.

  • Lebanon
    Crisis-hit Lebanon on brink of forming new government

    Lebanon has been without a government since Saad al-Hariri resigned as prime minister on Oct. 29 in the face of sweeping protests against the country’s elite, complicating efforts to mount an economic recovery. “Today I think that we have progressed to a very big extent and we can say that we are on the doorstep of forming a new government,” said Khalil.

  • Turkey
    Turkey Removes Ban on Wikipedia After Almost Three Years

    The Turkish government has blocked access to other popular websites such as Twitter, YouTube and Facebook in the past, for allegedly promoting terrorist propaganda or insults against Turkish political figures.

  • Taliban Talks
    Contradictory reports regarding Iran’s support to the Taliban

    “Iranian support to the Taliban is tempered by their realization that Taliban control of Afghanistan is not in Iran’s best long term interest due to a history of ideological differences. Instead, lethal aid and training are used as a balancing force to counteract increased Western influence,” a 2012 U.S. military intelligence assessment reads.

  • World Bank: Women, Business and the Law 2020 Report
    Saudi Arabia top reformer, improver among 190 economies: World Bank’s Women, Business and the Law report

    Issam Abu Sulaiman, the World Bank’s Regional Director for GCC, lauded the Kingdom’s achievement: “Saudi Arabia basically has become one of the leaders in the Arab World in terms of women empowerment,” he said. “We expect that this will contribute tremendously to the realization of Vision 2030 when it comes to economic growth, diversification and women employment.”

  • Banking and Finance
    Saudi, U.A.E. Banks to See Jump in Loan Demand as Profit Lags

    While banks in Saudi Arabia and the United Arab Emirates can look forward to burgeoning loan growth in 2020, higher earnings could be slow to follow as lower interest rates pressure profit margins. Lending in the U.A.E. is expected to get a lift from Dubai’s hosting of a six-month exhibition involving more than 190 countries. In addition, economic growth is forecast to rise to 2.5% from 1.6% last year, according to estimates compiled by Bloomberg. A regional expansion by U.A.E. banks may also add to revenue, as a government-backed mortgages program in Saudi Arabia fuels demand for home loans. You've reached your free article limit. Limited time offer: $105$12 for 3 months.

  • U.S.-Iraq
    U.S. Warns Iraq It Risks Losing Access to Key Bank Account if Troops Told to Leave

    Iraq, like other countries, maintains government accounts at the New York Fed as an important part of managing the country’s finances, including revenue from oil sales. Loss of access to the accounts could restrict Iraq’s use of that revenue, creating a cash crunch in Iraq’s financial system and constricting a critical lubricant for the economy.

  • Trump Travel Ban
    White House considering dramatic expansion of travel ban

    The White House is considering dramatically expanding its much-litigated travel ban to additional countries amid a renewed election-year focus on immigration by President Donald Trump, according to six people familiar with the deliberations. A document outlining the plans — timed to coincide with the third anniversary of Trump’s January 2017 executive order — has been circulating the White House. But the countries that would be affected if it moves forward are blacked out, according to two of the people, who spoke to The Associated Press on condition of anonymity because the measure has yet to be finalized.

  • Yemen
    Fresh banknotes spark new economic war in Yemen

    In November 2019, freshly printed banknotes arrived in Aden, headquarters of the UN-recognized government of Yemeni President Abed Rabbo Mansour Hadi. From there they were pumped onto the market to gradually begin the process of replacing older notes nationwide. While it is not a problem to use the new notes in government-controlled areas, on Dec. 19, the Sanaa-based Houthi government banned their use and exchange in areas under its control.

  • Banking and Finance
    Saudi Arabia allows Bank of China to open branch in kingdom

    Saudi Arabia's Cabinet has approved Bank of China's licence to open a branch in the kingdom, state news agency SPA said in a tweet on Tuesday. Bank of China joins a growing band of Chinese firms expanding in the kingdom. Nearly four years ago Industrial and Commercial Bank of China, the world's biggest bank by assets, launched its first branch in Riyadh.