BEIRUT (Reuters) By Tom Perry, Jonathan Spicer — – Lebanese Prime Minister Saad al-Hariri said on Tuesday the United Arab Emirates has promised investments and financial aid to his deeply indebted country, though work remains to seal the deal, after two days of high-stakes talks in Abu Dhabi. Hariri, who led a Lebanese delegation to the allied Gulf state, was seeking funds to stem a sharp loss of investor and depositor confidence that has pressured Lebanon’s currency and strained its lenders and central bank. While the UAE had made no announcement about funding by Tuesday evening, any sort of relief could buy Beirut time as it looks to shore up dollar reserves and begin enacting fiscal reforms it has long promised with little progress. “The Emiratis promised investments and financial assistance,” he was quoted as saying in an official transcript of his comments to reporters in Abu Dhabi.

While the talks with the Emiratis were positive, Beirut “has to do some things to encourage them” to invest in Lebanon, Hariri added, without providing details. “We are negotiating with them the investments they want to make in various sectors, in addition to financial investments in some banks or in the central bank,” he was quoted as saying in the transcript published by his office. Faced with one of the world’s highest debt burdens, low growth and crumbling infrastructure, Beirut has vowed to implement long-delayed reforms to narrow its budget and current-account deficits, though little has so far been done. The country, which has a debt-to-GDP ratio around 150%, is also seeking to reverse a sharp loss of confidence in the Lebanese pound. Its central bank has been drawing down its foreign exchange reserves to repay the state’s maturing debt, and has promised to do more.

by europe.autonews.com –HANS GREIMEL– TOKYO — Carlos Ghosn, still barred from leaving Japan as he awaits trial on financial misconduct charges, spends his days convening not only with lawyers but also his personal trainer. It is no coincidence the indicted former Nissan chairman is working out, walking and bicycling to regain weight he lost during his 129 days of lockup in Tokyo. To hear his wife, Carole Ghosn, tell it, the fallen auto legend is gearing up for the battle of his life, not unlike a boxer in training for a big fight. “He’s healthy in body and mind. He’s getting weight again, and he’s combative,” Carole said in a phone interview last week. “He’s ready to defend himself and prove his innocence.”

One thing 65-year-old Carlos will not be doing is pleading his case in public anytime soon. Carole says plans for a long-anticipated news conference are on indefinite pause because his advisers fear reprisals from prosecutors. Carlos, she notes, was arrested and jailed in April just a day after he, then free on bail, took to Twitter to say he would hold a presser. “He’s not going to speak out. He’s scared,” Carole said in a wide-ranging talk with Automotive News. “No more press conference. After what happened to him last time, it was a very clear signal that ‘You keep your mouth shut.’ ” Carlos remains on a short leash of stringent bail conditions that restrict everything from his Internet access to his contact with his wife — the couple is barred from direct communication. Running afoul of prosecutors, she said, invites even closer scrutiny. “He’s not going to shoot himself in the foot,” said Carole, adding that she only hears how Carlos is doing through third parties such as lawyers. “He’s not going to do anything when he’s under their control and speak out against them when they can very easily find any excuse to put him in detention,” she said. Carole said she hasn’t seen her husband since April 4 and that five applications to visit him were rejected. The Tokyo prosecutor has opposed a meeting, citing a risk of evidence tampering. Carole counters that barring contact is a warrantless pressure tactic for strong-arming a confession.

by middleeasteye.net —The United Arab Emirates will allow its citizens to travel to Lebanon, lifting a 2016 ban that came in support of Saudi Arabia’s anti-Hezbollah policies. Emirati official news agency WAM announced the decision on Monday during a visit by Lebanese Prime Minister Saad al-Hariri to Abu Dhabi. Hariri is leading a delegation of officials to the Emirates, seeking aid for Lebanon’s struggling economy at the UAE-Lebanon Investment Forum. The Emirati travel ban came in support of Riyadh in February 2016, a month after Iranian protesters attacked the Saudi embassy in Tehran in response to the execution of Saudi Shia cleric Nimr al-Nimr. At the time, Saudi Arabia cancelled aid to the Lebanese army over the growing influence of Hezbollah, which is backed by Iran, on the government in Beirut.

by ndtv.com —ISLAMABAD: A Pakistani magazine has claimed that Saudi Arabia’s Crown Prince Mohammad bin Salman was “alienated” with “some dimensions” of Pakistani Prime Minister Imran Khan’s actions on the sidelines of the UNGA session in New York last month, that he ordered his “private jet to disembowel the Pakistani delegation” as a consequence. Before attending the 74th session of the UN General Assembly (UNGA) in New York, Mr Khan had first visited Saudi Arabia. While departing for New York from Jeddah, the Saudi Crown Prince stopped Mr Khan from embarking a commercial flight to the US and asked him to fly onboard his private jet as he could not let his guest travel in a commercial plane, Pakistani media reports had said. But while Mr Khan was returning to Islamabad from New York on September 28, it was reported that the Saudi plane developed a technical glitch following which the Prime Minister and his delegation returned to New York and then took a commercial flight back to Pakistan.

RIYADH By Reuters – Stephen Kalin – Saudi Arabia is allowing foreign men and women to rent hotel rooms together without proving they are related, after the conservative Muslim kingdom launched a new tourist visa regime to attract holidaymakers. Women, including Saudis, are also permitted to rent hotel rooms by themselves, in a break with previous regulations. The moves appear to pave the way for unaccompanied women to travel more easily and for unmarried foreign visitors to stay together in the Gulf state, where sex outside of marriage is banned. The Saudi Commission for Tourism and National Heritage confirmed a report on Friday by Arabic-language newspaper Okaz, adding: “All Saudi nationals are asked to show family ID or proof of relationship on checking into hotels. This is not required of foreign tourists. All women, including Saudis, can book and stay in hotels alone, providing ID on check-in.”

Saudi Arabia threw open its doors last week to foreign tourists from 49 countries as it tries to grow that sector and diversify its economy away from oil exports. As part of the move, it decreed that visitors need not wear all-covering black robes but should dress modestly. Alcohol remains banned. Saudi Arabia has been relatively closed off for decades and until recently unrelated men and women, including foreigners, could be severely punished for mixing in public. Strict social codes have been relaxed in recent years and previously banned entertainment has flourished. But an influx of tourists — the authorities are aiming for 100 million annual visits by 2030 — could push boundaries further and risks conservative backlash. The kingdom ended a heavily criticized ban on women driving last year and in August granted women new rights to travel abroad, chipping away at a guardianship system that assigns each woman a male relative to approve important decisions throughout their lives.

by aawsat.com -Yousef Diab- While three decades have passed since the end of the civil war in Lebanon, the country still suffers major crises resulting from the lack of proper infrastructure for electricity, communications, water, waste, and transport. But the current severe financial and economic deterioration has put Lebanon on the edge of an abyss. As usual, the state resorts to temporary and “patchwork” solutions, which anesthetize the situation for a few months, before a new problem emerges elsewhere. Today, three major crises are menacing the Lebanese people’s living conditions. The fuel, with calls for an open-ended strike by owners of fuel stations as of next week; the possible halt of operation at bakeries, and a very dangerous problem threatening the import of medicine. The crises are all linked to the rise in the value of the US dollar against the national currency, because traders buy the goods in USD and sell them to the consumers in Lebanese pounds, amid the Central Bank’s inability to control the game. The union for fuel distributors and gas stations in Lebanon decided to hold an open-ended strike as of next Monday unless the ongoing communications result in solutions that satisfy the sector.

The Union members met on Friday in Beirut and decided to give the government a deadline of 48 hours, ahead of a warning strike on Monday. In remarks to Asharq Al-Awsat, Sami Brax, the head of the Syndicates of Gas Station Owners, said: “Companies will stop Monday distributing fuel to gas stations, which will deprive them of a single drop of gasoline.” “The union exerted mighty efforts with Prime Minister Saad Hariri to reach a solution, and to convince the distributing companies to pay the price of fuel in Lebanese pounds,” he noted. “We will not accept to continue to buy fuel in dollars and sell it to consumers in Lebanese pounds at the fixed price determined by the Ministry of Energy.”

by Dana Halawi BEIRUT (Xinhua) — Winemakers in Lebanon have become aware about the importance of sending their products to the Chinese market because of its high demand for wine. Around 9 million bottles of wine are produced yearly in Lebanon with 45 percent exported to foreign markets. The annual production of the Lebanese wine industry is equal to the wine sales in one week in China, according to Eliana Ibrahim, president of the China Arab Association for Promoting Cultural and Commercial Exchange.

Although Lebanon’s export of wine to China has not been high so far, Lebanese winemakers have started looking for ways to enter the Chinese market. “Around 3 to 4 percent of our production goes to China every year while we have been working on this market for around 12 years,” Gaston Hochar, co-owner of Lebanese winery Chateau Musar, told Xinhua. Hochar said that the winery’s exports to China have increased since he has started dealing with a new distributor in China. “Ever since then, our exports have started increasing,” he said. Hochar added that exporting to China is not free from challenges. The country requests a lot of information about the company’s products and requires bottles’ labels to be translated into Chinese, he explained. “We are coping with these so far and we travel twice a year to China to promote our products,” he said.

This is an opinion article and does not represent necessarily khazen.org view

by cnbc.com —Jake Novak — No matter where you turn, the news is filled with embarrassing stuff about President Trump. The CIA whistleblower complaint about his conduct on a call with Ukraine’s president has turned into a full-court impeachment scandal. But through all of this, Trump’s approval rating is at its highest level of the year according to the Hill-HarrisX survey, and the other major polls taken since this Ukraine phone call whistleblower story emerged show few changes from the last surveys taken before the news broke.

How is this possible? Anyone still asking that question simply hasn’t come to terms with why Donald Trump won the 2016 election in the first place. In short, Trump was elected to be the ultimate disruptor and to play that disruptive role as much as possible. “Drain the swamp” wasn’t just a campaign slogan, but a visceral feeling against establishment Washington in every way. Millions of Americans who voted for Trump and still support him chose him precisely because he is nasty, breaks the rules, and shows little respect for the political establishment at every level.

To really be mad at Trump for asking foreign leaders to investigate Joe and Hunter Biden or Hillary Clinton, the voters need to believe that Clinton and the Bidens aren’t inherently corrupt. They must also believe that just about all the rules and established groups within American government, especially the intelligence community, deserve unquestioned respect. Here’s a newsflash: a very large number of Americans don’t have that trust and respect, and they’re generally OK with Trump being the junkyard dog who digs it all out.

by linked-in –– Facebook took another aim at Snapchat by announcing a new messaging app for Instagram users. Threads, the name of the new app, allows users to send photos or videos to lists of their close friends — much like Snapchat. Facebook tried to take on Snapchat in 2012 with an app called Poke […]

(Reuters) – Some members of Saudi Arabia’s ruling family and business elite have expressed frustration with the leadership of Crown Prince Mohammed bin Salman following the largest-ever attack on the kingdom’s oil infrastructure last month. It has sparked concern among several prominent branches of the ruling Al Saud family, which numbers around 10,000 members, about the crown prince’s ability to defend and lead the world’s largest oil exporter, according to a senior foreign diplomat and five sources with ties to the royals and business elite. All spoke on condition of anonymity. The attack has also fanned discontent among some in elite circles who believe the crown prince, known in the West by the initials MbS, has sought too tight a grip on power, the sources said. Some of these people said the event has also fueled criticism among those who believe he has pursued an overly aggressive stance towards Iran. “There is a lot of resentment” about the crown prince’s leadership, said one of the sources, a member of the Saudi elite with royal connections. “How were they not able to detect the attack?”

This person added that some people in elite circles are saying they have “no confidence” in the crown prince, an assertion echoed by the four other sources and the senior diplomat. The crown prince nonetheless has staunch supporters. A Saudi source within circles loyal to the crown prince said: “The latest events won’t affect him personally as a potential ruler because he is trying to stop the Iranian expansion in the region. This is a patriotic issue, and so he won’t be in danger, at least as long as the father lives.” A second senior foreign diplomat said ordinary Saudis still want to unite behind MbS as a strong, decisive, dynamic leader.

The Saudi government media office did not respond to detailed questions from Reuters for this article. The crown prince, during a television interview aired Sunday by U.S. broadcaster CBS, said that defending Saudi Arabia was difficult because of the kingdom’s large size and the scale of threats it faces. “It’s challenging to cover all of this fully,” he said. He also called for “strong and firm” global action to deter Iran but said he preferred a “peaceful solution” to a military one.