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Saudi banks reach $4.5B deal over zakat

Major banks in Saudi Arabia reached settlements worth a combined 16.7 billion riyals ($4.5 billion) with the kingdom’s tax authority over a religious levy the lenders had been kicking against. The deals come as the world’s largest crude exporter predicts a budget shortfall of 131 billion...

Italian PM arrives in Libya for official talks

Italian Prime Minister Giuseppe Conte arrived in the Libyan capital, Tripoli, on Sunday where he held talks with Prime Minister of the UN-backed unity government Fayez Sarraj. The talks tackled the current political situation in Libya and means of bolstering bilateral relations,...

China's Huawei faces new setbacks in Europe's telecom market

The U.S. dispute with China over a ban on tech giant Huawei is spilling over to Europe, the company's biggest foreign market, where some countries are also starting to shun its network systems over data security concerns. Some European governments and telecom companies are following the...

After delays, Egypt's new mega-museum set to open in 2020

On the Giza Plateau outside Cairo, thousands of Egyptians are laboring in the shadow of the pyramids to erect a monument worthy of the pharaohs. The Grand Egyptian Museum has been under construction for well over a decade and is intended to showcase Egypt's ancient treasures while...