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  • Exclusive-UAE holds talks with Taliban to run Kabul airport – foreign diplomats

    The United Arab Emirates has held talks with the Taliban to run Kabul airport, going up against Gulf rival Qatar in a diplomatic tussle for influence with Afghanistan’s new rulers, according to four sources with knowledge of the matter.

  • Captagon: How amphetamines fuelled Saudi Arabia’s anger against Lebanon

    “The production in Lebanon is in no way comparable to the level and scale of production inside of Syria because you have the participation and the backing of the state in production,” said Rose. “In Lebanon, Hezbollah can operate with a degree of freedom, space and independence to facilitate this trade.”

  • Perspective: Why the Gulf States Turned on Lebanon

    The traditional Arab and Gulf affection for Lebanon as a cultural, educational, and commercial center, largely based on memories from the 1960s and ‘70s, has long faded. The rising generation of Gulf Arab leaders and citizens have little of the nostalgia for the heyday of Beirut that their parents and grandparents often cherished. To this younger cohort, Lebanon seems like a sinkhole of endless, wasted aid, and investment, likely in the tens of billions in the past decade, and a prime source of regional instability and Iranian mischief-making.

  • Most Saudi consumers are open to switching banks, says BCG

    Low interest rates, limited products and poor customer service are among the main reasons why customer leave their banks. At the same time, consumers are increasingly impressed with the ease of switching, lauding the speed at which accounts can be opened through online channels, as well as the range of products (loans, savings etc) they can order through their smartphones.

  • After years of war, Libya’s Benghazi a chaotic urban sprawl

    Over a decade of war in Libya the second city Benghazi has mushroomed to twice its size, creating an unplanned and chaotic urban sprawl. The fighting has displaced countless families, forcing many to build new homes without permits in a jumble of unplanned neighbourhoods that often lack infrastructure, from proper roads to schools or sewerage systems.

  • Saudi Modern exhibition explores early architecture, urbanization in Jeddah

    The exhibition titled “Saudi Modern” tackles the narrative of architecture and urban development in the coastal city between 1938 and 1962 by contemporary artists and architects. It was launched at the newly renovated iconic Tamer house, owned by one of the families that lived in the old town.

  • Kuwait detains 18 suspected of financing Lebanon’s Hezbollah – media

    Prosecutors in Kuwait have detained 18 people suspected of financing Lebanon's powerful Shi'ite Muslim group Hezbollah, the newspapers Al-Qabas and Al-Rai reported on Thursday.

  • Turkey says saddened by Lebanon-Gulf crisis, calls for diplomatic resolution

    Turkey is saddened by a crisis between Lebanon and Gulf states, Foreign Minister Mevlut Cavusoglu said during a visit to Beirut on Tuesday, calling for a resolution to the dispute through dialogue and diplomacy. Lebanon is facing its worst diplomatic crisis yet with Gulf states, spurred by a minister's critical comments about the Saudi-led intervention in Yemen that prompted Riyadh to expel Lebanon's ambassador, recall its own envoy and ban all imports from Lebanon.

  • StanChart executes $250 mln ESG-based repo deal with Saudi National Bank

    Standard Chartered Bank (STAN.L) said on Monday it has executed a $250 million repurchase agreement transaction (Repo) based on ESG principles with the Saudi National Bank. The transaction is the first in the Middle East, North Africa and Pakistan region, and among the first globally, where repo financing proceeds are allocated towards ESG assets, it said in a statement.

  • Saudi Arabia sees no purpose in engaging Lebanon at this time, says foreign minister

    Gulf states were traditional aid donors to Lebanon but, dismayed by Hezbollah's expanding power, have been loathe to help rescue Lebanon from a devastating economic crisis, rooted in decades of corruption and mismanagement.