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  • G20 leaders agree to involve Taliban in distributing Afghanistan aid

    G20 leaders and ministers have agreed they will have no option but to involve the Taliban in sending humanitarian aid to Afghanistan, but say that this stops short of political recognition of the Taliban as a government.

  • World Bank taking steps to boost research integrity after data rigging scandal

    The World Bank is taking steps to rebuild the credibility of its research after a data-rigging scandal forced it to cancel its flagship "Doing Business" report on country business climates, bank President David Malpass said on Monday.

  • Qatari official says recognising Taliban government not a priority

    Qatar believes that recognising the Taliban government in Afghanistan is not a priority now, and that the focus should be on engaging with the new administration and addressing humanitarian issues, a senior Qatari official said on Tuesday. Mutlaq Al-Qahtani, special envoy of the Qatari foreign minister, urged other countries to engage more deeply with the Taliban as Afghanistan's de facto authority, while urging the Islamist movement to act as a "responsible" administration and respect the right of women to work and girls to attend school.

  • World Bank taking steps to boost research integrity after data rigging scandal

    The World Bank is taking steps to rebuild the credibility of its research after a data-rigging scandal forced it to cancel its flagship "Doing Business" report on country business climates, bank President David Malpass said on Monday. Speaking to reporters ahead of the World Bank and International Monetary Fund annual meetings this week, Malpass said strong research products remain a high priority for the bank and it would work on new ways to help countries improve their business climates.

  • Market value of Saudi banks nears SR1tn mark

    The monitoring report also revealed that deposits in the Saudi banks maintained their levels for the fourth consecutive month. The total deposits amounted to about SR2.03 trillion, of which SR1.31 trillion is registered as demand deposits.

  • Saudi Aramco taps banks for $12-14 bln gas pipeline loan – sources

    Aramco could raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, sources have previously told Reuters. The stake would be offered with a loan financing package already in place, worth about 80% of the price.

  • U.S. says Taliban talks in Doha were ‘candid and professional’

    State Department spokesman Ned Price said the U.S. delegation at the weekend talks in Doha, Qatar, focused on security and terrorism concerns and safe passage for U.S. citizens, other foreign nationals and Afghans, as well as on human rights, including the meaningful participation of women and girls in all aspects of Afghan society.

  • UAE, Saudi Banks Well Positioned for Higher Rates: Video

    Jaap Meijer, MD & Head of Equities Research, Arqaam Capital discusses his MENA-equities investment strategy, oil price fluctuations, and the UAE's net zero goal.

  • Lebanon’s electricity grid collapses

    The outage marks the latest milestone in the unraveling of Lebanon, which is undergoing what the World Bank has described as one of the world’s three biggest financial collapses of the past 150 years. The banking system was the first to implode in 2019, triggering a 90 percent slide in the value of the currency that has left the government unable to afford fuel, food and medicine imports while plunging millions of Lebanese into poverty.

  • Saudi EXIM Bank approved $2.4bn in export financing this year

    The bulletin also shed light on the Saudi EXIM Bank’s efforts to support the Saudi exporters and export of Saudi non-oil products, as this falls within the bank’s endeavors to be a major contributor to the development of the national economy and raise the Saudi non-oil exports’ share from about 16% to 50% of non-oil GDP in accordance with the goals of the Kingdom's Vision 2030.