Also on our radar on 23 December 2020

Al Azhar issued a fatwa confirming that joining the Ikhwan is religiously forbidden on grounds that the group has engaged in “distorting some texts, taking them out of their context, and using them to achieve personal goals or interests and corrupting the land.”

A handful of headlines we’re keeping an eye on this morning:

• Palm Hills Development’s London-listed GDRs were written off yesterday (pdf), a plan the company approved in August.
• A new system to disburse export subsidies based on company size and turnover will be introduced in January.