Saudi Arabia, Iraq sign pact to counter money laundering, terrorism

The Kingdom and Iraq have signed an agreement to counter money laundering and terrorism, the Saudi Press Agency reported on Thursday. The pact was signed between the General Directorate of Financial Investigation at the Presidency of State Security and the Anti-Money Laundering and Countering Financing of Terrorism Office of the Republic of Iraq. The agreement…

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Qatar set to host another three editions of the FIFA Arab Cup.

Qatar hosted the inaugural edition of the renamed FIFA Arab Cup in 2021. FIFA has announced that Qatar will host three more editions of the Arab Cup, in 2025, 2029 and 2033. The announcement came during the FIFA Council meeting ahead of the 74th FIFA Congress in Thailand. “At the request of the Qatar Football Association,…

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Egypt warns against consequences of Israeli escalation in Gaza.

Egypt’s Foreign Minister Sameh Shoukry has warned of dire consequences as a result of Israel escalating its activities in the Gaza Strip. During talks with his Jordanian and Iraqi counterparts, Ayman Al-Safadi and Fuad Hussein, he also said there would be negative repercussions for the security and stability of the whole region. The discussion in…

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Israeli defense chief challenges Netanyahu over post-war Gaza plans.

Israeli Prime Minister Benjamin Netanyahu was publicly challenged about post-war plans for the Gaza Strip on Wednesday by his own defense chief, who vowed to oppose any long-term military rule by Israel over the ravaged Palestinian enclave.The televised statement by Defense Minister Yoav Gallant marked the most vocal dissent from within Israel’s top echelon against…

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UAE rains: Lost a bit of revenue, but no infrastructural damage due to storm, says Dnata chief

Heavy rainfall impacted DXB operations significantly on April 16 and consecutive days, disrupting flight schedules and baggage handling The unprecedented rains in the UAE last month had no significant financial impact, although Dnata experienced a slight revenue loss. The company’s operation, which provides ground handling, cargo, travel, and flight catering services at Dubai International (DXB)…

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Pakistan PM unveils broader plan to sell most state-owned firms

Profit-making or loss-ridden, sell all state enterprises, Prime Minister Shahbaz Sharif says; announcement comes amid talks on new IMF loan Pakistan will privatise all state-owned enterprises, with the exception of strategic entities, Prime Minister Shahbaz Sharif said on Tuesday, broadening its initial plans to sell only loss-making state firms to shore up its shaky finances….

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UAE: Banks willing to help individuals, businesses hit by record rains

Banks are part of the economy, and they will provide a “lifeline” Banks in the UAE are willing to work with customers and provide a “lifeline” to those who were impacted by the unprecedented rains last month, said Abdulaziz Al-Ghurair, chairman of UAE Banks Federation in a media briefing on Tuesday. “For individuals, banks are willing to…

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Saudi Arabia: Residents arrested after fake Haj accommodation advertisements

The Directorate of Public Security called on citizens and residents to adhere to Haj regulations, and provided contact numbers to report violators The Makkah Al-Mukarramah Region Police arrested two residents for publishing fake and misleading Hajj campaign advertisements that featured deceptive information about providing accommodation for pilgrims. The Directorate of Public Security of Saudi Arabia…

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