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Saudi Arabia is becoming the drug capital of the Middle East

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Saudi Arabia is becoming the drug capital of the Middle East

Police mentioned he was beneath the affect of shabu, a methamphetamine, in accordance with native papers.

Saudi media has been sounding the alarm currently over the rise in drug use, with one columnist describing shipments of narcotics to the dominion as an “open conflict towards us, extra harmful than another conflict.”

The dominion, they are saying, is among the largest and most profitable regional locations for medication, and that standing is simply intensifying.

Wednesday’s operation was the largest single smuggling try by way of narcotics seized, in accordance with the Basic Directorate of Narcotics Management. Whereas authorities did not identify the drug seized or the place it got here from, the United Nations Workplace on Medicine and Crime (UNODC) has beforehand mentioned that “reviews of amphetamine seizures from nations within the Center East proceed to refer predominantly to tablets bearing the Captagon emblem.”

Captagon was initially the model identify for a medicinal product containing the artificial stimulant fenethylline. Although it’s not produced legally, counterfeit medication carrying the captagon identify are commonly seized within the Center East, in accordance with the European Monitoring Centre for Medicine and Drug Habit.

Drug busts of captagon in Saudi Arabia and across the area have grown over time. Earlier this week, A US Coast Guard boat seized 320 kilograms of amphetamine tablets and nearly 3,000 kilograms of cannabis value thousands and thousands of {dollars} from a fishing boat within the Gulf of Oman.

The drug was popularized within the kingdom some 15 years in the past however has taken off extra intensely up to now 5 years, “maybe changing into on par with hashish,” in accordance with Vanda Felbab-Brown, a fellow on the Brookings Establishment in Washington DC, who has written on the subject.

One of many causes captagon is spreading in use is “as a result of there’s a provide flood now coming principally from Syria” the place it’s produced “on an industrial scale within the chemical factories inherited from the [Assad] regime” and provided by warlords and associates of the regime.

Saudi Arabia’s Middle for Worldwide Communication did not reply to CNN’s request for remark.

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Captagon might be bought for between $10 and $25 a tablet, which means the newest Saudi haul, if it was the identical drug, has a road worth of as much as $1.1 billion, based mostly on figures from the Worldwide Habit Evaluation journal.

“Captagon’s amphetamine-type properties are sought out as a coping mechanism that may help customers going through meals insecurity in staving starvation, and inducing a euphoric ‘rush’ that customers have mentioned to assist with traumatic stress,” mentioned Caroline Rose, a senior analyst on the New Traces Institute in Washington, D.C. who has studied the captagon commerce. “It is also been mentioned that these similar traits for captagon have been sought out by overseas employees in rich Gulf nations like Saudi Arabia, seen to assist work efficiency.”

Whereas cannabis and khat are additionally widespread medication within the kingdom, amphetamines are standard amongst Saudi youth. A 2021 research within the journal of Crime, Legislation and Social Change cited a consumer as saying, “captagon is small. My college mates and I prefer it greater than cannabis. Not like cannabis, we are able to purchase in pill……As soon as we get 25 riyals from [our] dad and mom, we are able to purchase one pill and luxuriate in it.”

“In wealthier shopper markets, the drug has a special enchantment, serving as a leisure exercise amongst its rising youth inhabitants that, regardless of social reforms… have reportedly struggled with boredom amidst widespread youth unemployment and an absence of alternatives for leisurely actions,” mentioned Rose. “Some customers have justified captagon as much less of a taboo substance, in comparison with ‘more durable’ medication like opiates and cocaine.”

Since many younger individuals in Saudi Arabia have been taking medication because of boredom and lack of social alternatives, the elevated freedoms launched by Crown Prince Mohammed bin Salman may assist cut back a few of that use, mentioned Felbab-Brown.

“The vital factor is neither to curtail the freedoms, nor to show live shows into locations of dragnets and raids, however relatively to teach younger individuals,” she informed CNN.

Over the previous few years, a lot of drug rehabilitation facilities have popped up throughout the dominion after the federal government started licensing personal institutions.

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Khalid Al Mashari, the CEO of Qaweem, one of many first such facilities to open, says round 4 or 5 have opened up to now two years. That is a testomony to the federal government’s recognition of the significance of rehabilitation, he says, however it additionally reveals that the issue is on the rise.

“We’re in excessive demand, sadly,” he informed CNN. “However no less than individuals have an possibility now, as an alternative of getting to go to neighboring nations to hunt therapy.”

Regardless of the presence of rehabilitation facilities, Rose says there may be little public well being messaging or campaigning to boost consciousness about captagon.

“Whereas this taboo relating to drug consumption within the kingdom shouldn’t be going anyplace, the federal government’s tendency to solely securitize this situation and downplay its function as a vacation spot market shall be more durable to disregard,” she mentioned.

Felbab-Brown says drug insurance policies within the Center East have centered on the harshest of responses.

“In contrast to giant components of the world [that] have walked away from such inflexible and principally ineffective or outright counterproductive insurance policies, the Center East has typically doubled down on them,” she mentioned. “Imprisoning customers is ineffective and counterproductive.”

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The digest

US says Iran reply on EU proposal for revival of nuclear deal is “not constructive”

A State Division spokesperson mentioned the US has obtained Iran’s reply to the US’ response an EU proposal for the revival of the nuclear deal on Thursday. “We’re learning it and can reply via the EU, however sadly it isn’t constructive,” mentioned the spokesperson. The Iranian International Ministry spokesperson Nasser Kanaani earlier mentioned Tehran’s response was despatched after “rigorously” analyzing it and “with the purpose of finalizing the negotiations,” in accordance with an announcement.
  • Background: Earlier this week throughout a press convention in Russia, Iranian International Minister Hossein Amir-Abdollahian mentioned Iran wants ensures that the US won’t withdraw from the nuclear accord and reapply sanctions as occurred beneath the Trump administration.
  • Why it issues: The US and Iran have been buying and selling responses to a “last” EU textual content aimed toward reviving the 2015 nuclear deal. EU overseas coverage chief Josep Borrell has mentioned he hopes the talks might be concluded in a matter of days. French President Macron additionally mentioned on Thursday he hopes to conclude the talks within the subsequent few days. It is unclear how the talks will transfer ahead from right here as Iran continues to extend its uranium enrichment and break commitments beneath the nuclear deal.

4 killed throughout Shiite clashes in Iraq’s Basra

Clashes between rival Shiite teams killed 4 individuals in Iraq’s Basra on Thursday, because the fallout from the nation’s worst political violence in years continues, Reuters reported. Basra is the principle oil-producing metropolis in Iraq and now violence has unfold from Baghdad to the south.

  • Background: The violence started earlier this week in Baghdad when highly effective Shiite cleric Muqtada al-Sadr introduced his resignation from political life. That transfer set off an intense spherical of political infighting between Iran-backed Shiite teams and al-Sadr’s supporters. Each side have been making an attempt to exert management since parliamentary elections in October 2021 noticed Iran-backed blocs lose seats to Sadrists. Regardless of his win, al-Sadr didn’t type a authorities amid opposition from his rivals.
  • Why it issues: The episode served as a reminder of the fragility of the federal government in Baghdad, which remained largely impartial within the disaster, in addition to the competing gamers at house and overseas that search to regulate the nation’s politics.

Turkish pop star may resist 3 years in jail for joking about spiritual colleges

Singer Gulsen Bayraktar Colakoglu, generally known as Gulsen, may face a jail sentence of as much as three years over feedback made throughout a live performance in April, in accordance with a 48-page indictment. The Istanbul chief prosecutors workplace introduced expenses of “inciting the general public to hatred and enmity,” the indictment mentioned.
  • Background: Final week, Gulsen was jailed pending trial after a video circulating on social media confirmed her making a remark about spiritual colleges in Turkey, in accordance with the state-run Anadolu information company. Throughout a live performance in April, Gulsen mentioned, “[He] graduated from Imam Hatip [religious schools.] That is the place his pervert aspect comes from,” referring to an individual on stage. The singer denied the cost, saying it was a joke, and apologized to these offended by her remarks. She has since been launched from custody however positioned beneath home arrest. An Istanbul prison court docket will assess the indictment and resolve to just accept or refuse it. If accepted, the hearings will begin and Gulsen shall be introduced earlier than court docket.
  • Why it issues: Gulsen has beforehand been focused by Turkish conservative teams for her revealing stage outfits and assist for the LGBTQ neighborhood. Her current arrest sparked outrage and assist from followers on social media. Some critics say it is a part of a transfer by Turkish officers to achieve assist from their spiritual and conservative base forward of elections subsequent 12 months.

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Insurers braced for losses as Hurricane Beryl breaks records

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Insurers braced for losses as Hurricane Beryl breaks records

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Insurers are bracing themselves for large losses from the Atlantic hurricane season as record-breaking Hurricane Beryl fuels fears that warming oceans will lead to more destructive storms.

Beryl, which is expected to hit Jamaica on Wednesday, became the first Atlantic hurricane this early in the year to develop into a category five storm, the most severe.

Its magnitude and arrival so early in the region’s hurricane season, which starts in June, peaks in August and September and runs until November, has already hit shares of some insurers and reinsurers.

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“It’s being felt that we are overdue for a bad season,” Stephen Catlin, executive chair at insurer Convex and a veteran of the insurance market, told the Financial Times. “Having an early hurricane of this magnitude suggests that might be the case.”

A variety of factors contribute to the intensity of hurricanes, but climate scientists have highlighted the effects of warming oceans and rising sea levels. The head of the UN’s climate arm said climate change was “pushing disasters to record-breaking new levels of destruction”.

Meteorologists at AccuWeather said the storm could bring “significant flooding, coastal inundation, and wind damage” to Jamaica, after it caused widespread damage in Grenada and St Vincent and the Grenadines, and left several people dead. 

The insurance industry was already expecting a busier hurricane season after a quieter 2023. In May, the US National Oceanic and Atmospheric Administration warned that there was an 85 per cent higher chance of an above-average Atlantic hurricane season, citing several factors including warmer oceans. 

Steve Bowen, chief science officer at reinsurance broker Gallagher Re, said it was a “remarkable, concerning, and ominous start” to the Atlantic hurricane season and should be a “massive wake-up call” on the outlook for losses.

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Bowen said we were seeing the results of ocean waters that were “as warm in June as they typically should be in September”, which for storms provide “proverbial rocket fuel”.

While any financial losses from Beryl’s impact on Jamaica are expected to be manageable, industry executives said the storm’s future path remained unclear. It has since been downgraded to a category 4 storm.

“It could continue west into Mexico, or curve into the Gulf and then on to the US,” noted analysts at Twelve Capital. Hurricane Harvey in 2017, one of the costliest US storms, struck the Caribbean before heading into the Gulf of Mexico and making landfall at Texas. 

It is too early for reliable estimates of insurance claims, but attention is focused on the Caribbean public-backed risk pools and catastrophe bonds, a form of reinsurance where risks are shared with investors.

Last month, the World Bank renewed its $150mn catastrophe bond covering Jamaica against big named storms, which if triggered would mean some losses for investors.

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How the Atlantic hurricane season unfolds will be critical to the path of prices in the global property reinsurance market, which property insurers use to lay off their risks. Prices have surged in recent years.

Robert Muir-Wood, chief research officer for insurance at rating agency Moody’s, said there was now “every indication this is an intense hurricane season likely to break more records”.
 

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Trump gets edge over Biden nationally and across battlegrounds after debate as Democrats’ turnout in question — CBS News poll

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Trump gets edge over Biden nationally and across battlegrounds after debate as Democrats’ turnout in question — CBS News poll

The race for president has shifted in Donald Trump’s direction following the first 2024 presidential debate.  Trump now has a 3-point edge over President Biden across the battleground states collectively, and a 2-point edge nationally.

A big factor here is motivation, not just persuasion: Democrats are not as likely as Republicans to say they will “definitely” vote now. 

Perhaps befitting a race with two well-known candidates and a heavily partisan electorate, over 90% of both Mr. Biden’s and Trump’s supporters say they would never even consider the other candidate, as was the case before the debate, which helps explain why the race has been fairly stable for months. Recall that Mr. Biden had gained a bit back in June, after Trump was convicted of felonies in New York, but that didn’t dramatically alter the race either. 

That said, the preference contest today does imply an Electoral College advantage for Trump. 

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Meanwhile, half of Mr. Biden’s 2020 voters don’t think he should be running this year — and when they don’t think so, they are less likely to say they’ll turn out in 2024, and also more likely to pick someone else, either Trump or a third-party candidate.

Trump, for his part, finds most Republicans feeling bolstered after the debate, saying it made them more likely to vote. And independents remain tightly contested, with Trump narrowly edging up with them now.

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Nationwide, Republicans are more likely than Democrats to say they will definitely turn out in 2024. And Republicans currently have a similarly sized turnout advantage across the battleground states, undergirding Trump’s edge with likely voters there.

When Robert F. Kennedy Jr., Jill Stein and Cornel West are included in a national ballot test, Trump’s national edge over Mr. Biden expands to four points. Kennedy draws roughly equally from both candidates, but Mr. Biden cedes a little more to Stein and West, bringing down his overall percentage. 

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For many voters, both candidates’ ages are a factor, not just Mr. Biden’s. When people see an equivalence there, Mr. Biden benefits: he leads Trump among those who say both.

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The trouble for Mr. Biden is that he trails badly among those for whom only his age is a factor. 

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Immediately following the debate, CBS News’ polling showed increasing numbers of voters believing Mr. Biden did not have the cognitive health for the job and that he should not be running. A large seven in 10 still say he should not be running. (It’s three points fewer now than immediately after the debate, perhaps because the Biden campaign pushed back on the idea, but remains the dominant view among voters, and of a sizable four-in-10 share of Democrats.)

Mr. Biden did not gain any ground on Trump on a number of personal qualities: Trump leads Mr. Biden on being seen as competent, tough, and focused. The president continues to be seen as more compassionate.

CBS News considers the battlegrounds as the states most likely to decide the election in the Electoral College: Arizona, Georgia, Michigan, North Carolina, Nevada, Pennsylvania and Wisconsin.


This CBS News/YouGov survey was conducted with a representative sample of 2,826 registered voters nationwide interviewed between June 28-July 2, 2024. The sample was weighted by gender, age, race, and education, based on the U.S. Census American Community Survey and Current Population Survey, as well as past vote. The margin of error for registered voters is ±2.3 points. Battlegrounds are  AZ GA MI NC NV PA WI. 

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Hawksmoor restaurant chain up for sale

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Hawksmoor restaurant chain up for sale

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Hawksmoor has been put up for sale in a deal that could value the restaurant chain at about £100mn, according to two people familiar with the matter, as it seeks to grow its international footprint.

Investment bank Stephens, which has been hired to run a sales process, has started speaking to potential buyers, the people said. Graphite Capital has owned 51 per cent of Hawksmoor since 2013.

Hawksmoor chief executive and co-founder Will Beckett and another co-founder Huw Gott, who own a minority stake, will retain their shareholding to continue to lead the company, one of the people added.

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Graphite Capital said it did not comment on “market rumour” and Stephens declined to comment.

Hawksmoor did not comment on whether it was up for sale but Beckett said in a statement: “We’ve got a great relationship with Graphite, and together we are getting to know the US investment community in more depth. As that continues, an opportunity may emerge that we wish to explore together.”

Meanwhile, Rare Restaurants, the owner of rival steakhouse Gaucho, is also exploring a sale of the business having appointed Clearwater M&A advisers, two people familiar with the matter said. One person said Rare was yet to start the process, as it was not under financial pressure. Rare Restaurants and Clearwater declined to comment.

London-based Hawksmoor’s sales process comes as the chain, which operates 13 locations, including 10 in the UK, continues expanding abroad having opened in Chicago last week.

It follows Hawksmoor’s debut US site in New York in 2021 and the launch of another venue in Dublin last year.

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The company, which opened its first outlet in 2006 in east London as a place to buy better-quality steak, said last week that sales were expected to top £100mn this year with “consistent like-for-like growth”.

One person close to the company said underlying profits for the 12 months to the end of June were above £10mn, and that it aimed to expand further in the US.

In 2021, Hawksmoor shelved plans for a flotation amid uncertainty in the hospitality industry caused by Covid lockdowns, shortages of labour and supply chain disruption. The chain had been working with Berenberg private bank on the plans.

Despite surging inflation and the cost of living crisis, the UK hospitality industry has witnessed several large deals. Last year, Apollo acquired Wagamama-owner The Restaurant Group for £506mn, while Japanese group Zensho acquired Yo! Sushi owner Snowfox Group for £490mn.

Earlier this year, London-based Equistone Partners sold its stake in catering company CH&CO to the world’s largest catering group Compass in a £475mn deal.

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The exploration of a sale for Hawksmoor comes as private equity groups face pressure to sell some of their record $3tn in unsold assets in order to return cash to their backers.

Global takeovers in the first half of the year climbed 22 per cent by value thanks to a rebound in big deals, but the total number of mergers and acquisitions fell to a four-year low because of a slowdown in smaller transactions.

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