Middle East Experience

The United Arab Emirates announced three new deaths from coronavirus on Saturday, a jump from recent days that brings the death toll to 382.However, health authorities only registered 362 new COVID-19 cases, down from 470 on Saturday and 390 on Friday.The new cases bring the total number to 69,690, of which 60,600 have recovered after 398 more patients were discharged in the previous 24 hours.Authorities had carried out 87,955 tests.The official number of coronavirus cases globally rose above 25 million on Saturday, with experts suggesting the true number is far higher.Read more:Coronavirus: UAE daily COVID-19 cases rise to 470, no new deathsForeign investment to UAE surges to $667 million over four daysCoronavirus: UAE announces reopening of nurseries, childcare centers
Source: Al Arabiya
Full Article: Coronavirus: UAE announces 3 COVID-19 deaths but new daily cases drop to 362

The Saudi Stock Exchange (TADAWUL) launched the kingdom's first exchange-traded derivatives market and clearing house on Sunday, as part of its strategy to make its equity markets more attractive to foreign investors.Using Nasdaq technology, the Saudi Futures 30 (SF30) Index Futures Contract is based on the MSCI Tadawul 30 (MT30), the first exchange-traded derivatives product.For all the latest headlines, follow our Google News channel online or via the app."This is a significant step in introducing sophisticated market products and creating a trading environment that is attractive to local as well as international investors," said Tadawul CEO Khalid Alhussan.In a separate statement it said Goldman Sachs Saudi Arabia has become a member of Tadawul with the right to conduct brokerage services for derivatives trading and to deal as a principal and as an agent for the new market launch.Saudi authorities have introduced a raft of reforms to attract overseas share buyers and issuers as part of efforts to lure foreign capital and diversify the oil-dependent economy.In 2019, the Saudi market joined the FTSE Emerging All Cap Index and the MSCI Emerging Markets Index, triggering more foreign fund inflows.In July, Tadawul officials said the bourse plans to launch other derivatives-related products, such as options, and complete the whole system by around the end of 2021 or the start of 2022.Read more:Saudi Arabia hosts webinar on G20 business group goalsForeign investment to UAE surges to $667 million over four daysBahrain to raise debt ceiling to $40 billion amid coronavirus slowdown
Source: Al Arabiya
Full Article: Saudi Arabia's stock exchange Tadawul officially launches derivatives market

Saudi Aramco has discovered two new oil and gas fields in the north of the Kingdom, announced the Minister of Energy Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz via the official Saudi Press Agency (SPA) on Sunday.The fields have been named the "Hadat Al-Hajrah" gas field in the Al-Jawf region, and the "Abraq Al-Talul" oil field in the northern border region.For all the latest headlines follow our Google News channel online or via the app.Prince Abdulaziz told SPA that the gas flowed from the al-Sarara reservoir in the Haddah al-Hajrah field, east of Sakaka in northwestern Saudi Arabia, at a rate of 16 million standard cubic feet per day, accompanied by about 1,944 barrels of condensates.Aramco will continue to work on assessing the quantities of oil, gas and condensate in the two fields, in addition to digging more wells to determine their area and size, added Prince Abdulaziz.Saudi Aramco is the world's most valuable company and pumps more oil on a daily basis than any other producer in the world. Its biggest markets are in Asia, where it sent over 70 percent of its exports before the global slowdown caused by the coronavirus pandemic.Read more: Saudi Arabia's stock exchange Tadawul officially launches derivatives marketEverything you need to know about Saudi Aramco: The world’s most valuable companyWhat you need to know about Saudi Arabia’s new energy ministerAl Arabiya English's Leen Alfaisal contributed to this report.
Source: Al Arabiya
Full Article: Saudi Aramco discovers two new oil and gas fields in northern Saudi Arabia

Lebanon is currently experiencing nationwide internet disruption due to a technical failure affecting global internet connections, local media reported..
Source: Albawaba
Full Article: Lebanon hit by global internet disruptions

Biden's plan touches issues from the Muslim ban, no-fly lists, refugee resettlement, census representation, to foreign policy pledges including reviving ties with Palestinian leaders and supporting Beirut's reconstruction..
Source: Albawaba
Full Article: Biden's 'partnership plan' receives mixed response from Arab-Americans

Civil Defense personnel and volunteers extinguished a series of fires Sunday that broke out in Akkar as the Department of Meteorology warned Lebanon is set to experience dangerously high temperatures in the coming days..
Source: Albawaba
Full Article: Fires break out in Akkar as country suffers heatwave

Foreign Minister Gabi Ashkenazi, who was also in the meeting, said "a special window of opportunity has opened for far-reaching changes in the Middle East."
Source: Jerusalem Post
Full Article: Gantz to Kushner: Let’s work together to keep Israel’s military edge

"Although many books have been published about various aspects of Baghdadi Jewry and its rich heritage, none contain a systematically-researched list of surnames."
Source: Jerusalem Post
Full Article: Ex-Israel envoy publishes new list of Baghdadi Jewry surnames

Hamas: Israel seeking to replace Qatar with UAE as main mediator
Source: Jerusalem Post
Full Article: Qatari envoy pursues efforts to end Gaza tensions

Finance Ministry Head of the Budget Department submits a three-page resignation letter, ending a turbulent relationship with the minister who accused him of undermining him.
Source: Jerusalem Post
Full Article: Finance Ministry budget chief quits, furious with Katz's behavior