
Community Market Assessment for Skills Development and Economic Empowerment: Adapting and Implementing the ILO Training Methodology for Rural Economic Empowerment (TREE) in Lebanon – Lebanon
Attachments “Introduction” Background Training for Rural Economic Empowerment (TREE) is a program designed to support the transition of men and women in rural or semi-urban areas to decent work using a community-based approach to income generation and skills development. skills. By linking employment and income generation opportunities to training and post-training support, with the engagement …

Powell: Fed aims to avoid recession amid inflation fight | National policy
By CHRISTOPHER RUGABER – AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell on Wednesday sought to reassure the public that the Fed will raise interest rates high enough and fast enough to stifle inflation, without tightening credit at the strangle point the economy and cause a recession. Testifying before the Senate Banking …

Lebanon’s foreign exchange reserves down $2 billion: central bank
Lebanon’s central bank governor Riad Salameh said the country’s foreign exchange reserves fell by $2.2 billion in 2022. As his comments aired on television, police raided his home in as part of an investigation into allegations of corruption. Riad Salameh is under investigation for financial misconduct and corruption [Getty] Lebanon’s central bank governor Riad Salameh …
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Lebanon’s foreign exchange reserves drop by $2.2bn in 2022, $11bn left – central bank governor
Lebanon’s Central Bank Governor Riad Salameh speaks during a news conference at the Central Bank in Beirut, Lebanon November 11, 2019. REUTERS/Mohamed Azakir/ Join now for FREE unlimited access to Reuters.com Register BEIRUT, June 21 (Reuters) – Lebanese Central Bank Governor Riad Salameh said on Tuesday the bank’s foreign exchange reserves had fallen by $2.2 …

Biden says decision on gas tax exemption could come this week | National policy
By AAMER MADHANI and JOSH BOAK – Associated Press REHOBOTH BEACH, Del. (AP) – President Joe Biden said Monday he would decide by the end of the week whether he would support a federal gasoline tax exemption, which would save U.S. consumers up to 18.4 cents per gallon. “Yeah, I’m thinking about it,” Biden told …

Facebook: Greitens’ “RINO hunting” video violates standards | National policy
By BRIAN SLODYSKO – Associated Press WASHINGTON (AP) — Facebook on Monday removed a campaign video of Republican U.S. Senate candidate Eric Greitens from Missouri that shows him brandishing a shotgun and saying he’s hunting RINOS, or Republicans in name only. In the ad, Greitens, a former governor of Missouri who resigned in disgrace in …

Iran is the divisive force in the Middle East
The Arab world has not always viewed the Shiite regime in Iran through a sectarian lens, despite the fact that the majority of Muslims around the world are Sunni. Former Iranian Supreme Leader Ruhollah Khomeini, the father of the Iranian revolution, was once seen as the leader of the protest against the Shah’s oppression, Western …

Beirut welcomes tourists and expats after Hezbollah slogans removed from airport road
BEIRUT: The municipality recently removed Hezbollah slogans, images and billboards that had been erected for years on the road to Rafic Hariri International Airport in Beirut. They have been replaced by welcome signs by the Ministry of Tourism to welcome tourists and expatriates returning to Lebanon for the summer holidays. Photos of Hezbollah leaders and …

Why have the Lebanese “forgotten” politics?
Individuals can only learn politics in a political society, just as they can only learn law in a society of laws. So, for example, Cuban opponents in Miami have engaged in all sorts of concerns and activities that are difficult to relate to politics and law. The same goes for the Russians who rose to …

MBC Group-backed Al Arabia agree FIFA World Cup advertising deal
RIYADH: Any cargo delivery business will feel a bit sinking at the thought of short-term storage, with most warehouse operators insisting on minimum volumes and contracts of at least a few months. Logexa, an online logistics platform launched by Husam Sendi and his co-founders in September 2021, has turned the tide. After earning a degree …

Building collapse in Cairo kills family of six
Russia “important partner” for Egypt, says El-Sisi at St. Petersburg forum CAIRO: Egyptian President Abdel Fattah El-Sissi praised Egypt-Russia relations during a speech at the St. Petersburg International Economic Forum. He said: “Russia is an important partner for Egypt in various fields, and relations between the two countries are distinguished.” During his speech, El-Sisi added: …

UN chief calls on Lebanon to respect Hague court verdict on Hariri killing
IRBIL, Iraq: The Iraqi Kurdistan Regional Government is working to create two oil companies, the latest move in the battle between Irbil and Baghdad to control the oil sector in the semi-autonomous region. KRG’s new oil company, KROC, would specialize in oil exploration, while the second – KOMO – would focus on exporting and marketing …

The West must prevent Sri Lanka from becoming the Lebanon of South Asia
Soaring food and fuel prices in Sri Lanka have precipitated the worst political unrest in the South Asian country in years, as tens of thousands of protesters march for change on an empty stomach. As the government falters alongside its economy, the international community must take urgent action to help stabilize Sri Lanka, where domestic …

Wall Street rebounds after Fed rate assurance | Technology
By STAN CHOE – AP Business Writer NEW YORK (AP) — Wall Street rallied on Wednesday after the Federal Reserve’s biggest interest rate hike since 1994, and its subsequent assurance that such mega-hikes would not be common. The S&P 500 climbed 54.51, or 1.5%, to 3,789.99 after going through roller coaster trading immediately after Fed’s …

How Foreign Powers Could Break the Deadlock in Lebanon by Jamal Ibrahim Haidar & Adeel Malik
It is well known that factionalism and corruption have long stood in the way of the kinds of structural reforms that Lebanon needs. But an overlooked problem is the inaction of foreign powers who could easily impose domestic changes if they had the right incentives. OXFORD – Lebanon’s political economy is paralyzed. The country’s political …

Lebanese Independent Nasserist Movement Praises Cuban Solidarity
In a statement, the organization highlighted the decades of confrontation of the Cuban people against the hegemony of the United States and the example of the revolution in the defense of just causes. The Movement’s press release noted the meeting between the leaders of Mourabitun and the head of the Cuban mission in Beirut, Jorge …

Stocks plummet on Wall Street, approaching a bear market | National
PA NEW YORK (AP) — Stocks open sharply lower on Wall Street as inflation worries mount, bringing the S&P 500 one step closer to a bear market decline of 20% from its peak earlier this year. The index fell 2.3% as traders fear inflation, already at its highest level in four decades, could be even …

How Syria Illustrates Iran’s Nefarious Economic Influence in the Middle East – Analysis – Eurasia Review
By Nadia Al Faour After more than a decade of civil war, regime-controlled Syria is in a state of economic ruin. Conflict, endemic corruption, drought and the massive migration of skilled workers have taken their toll, leaving the country ripe for exploitation. According to the World Bank, Syria’s gross domestic product fell by at least …

OECD sees Saudi GDP grow by more than double G20 economies in 2022
Focus on India — Fuel demand jumped 24% in May; Amazon India seller accuses antitrust agency MUMBAI: India’s fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021 when the world’s third-largest oil consumer was plagued by the second wave of COVID-19. Fuel consumption, an …

Grim outlook for poorest countries as Russian-Ukrainian war rages | Main stories
With no immediate end in sight to the conflict between Russia and Ukraine, a group of academics and diplomats on Friday painted a grim picture of the continuing impact of the war on the poorest countries and even those whose economies are relatively robust. The discussion was part of the University of the West Indies …

UN envoy warns of civil unrest in Iraq as anger grows over jobs, food and water
DUBAI: When Lebanese cardiologist Walid Alami, 59, was 19, he volunteered in an emergency operating room and helped dozens of people injured during Lebanon’s 1975-1990 civil war. After a massive explosion tore through the port of Beirut on August 4, 2020, he again found himself in the midst of life-saving emergency action. However, as has …

Can Lebanon continue to welcome refugees?, Evangelical Focus
The Lebanese authorities have declared that the country no longer has the means to continue to welcome the approximately 1.5 million Syrians on its territory and they call on the UN to take its responsibilities. “Lebanon is no longer being able to play policeman for other countries, because we do not receive any help in …

Factbox-Spiking food prices are fueling protests in the developing world By Reuters
© Reuters. FILE PHOTO: Riot police block protesters and workers’ union members during a protest against the government of Peruvian President Pedro Castillo and rising food and fuel prices, in Lima, Peru, on April 7, 2022. Photo taken with a drone. REUTERS/Daniel Becerri (Reuters) – The war in Ukraine and drought fueled by climate change …

Brookings furloughs retired general amid FBI investigation | National
By ALAN SUDERMAN and JIM MUSTIAN – Associated Press The prestigious Brookings Institution placed its president, retired four-star Marine General John Allen, on administrative leave Wednesday as part of a federal investigation into his role in an illegal lobbying campaign on behalf of the wealthy Gulf nation. Persian, Qatar. Brookings’ announcement came a day after …

Treasury Secretary Yellen expects inflation to ‘stay high’ | National policy
By FATIMA HUSSEIN – Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chairman Jerome Powell “could have used a better word” than “transitional” to describe the expected run of the inflation in the US economy. She added that she hoped it would soon be on the decline. …

‘Changing MPs’ forces elections, not consensus, for parliamentary committees — Naharnet
So-called “change MPs,” or lawmakers from the Oct. 17 uprising, on Tuesday imposed elections — rather than the traditional consensus — to choose members of parliamentary committees. The election of members of the finance and justice committees took a long time, the National News Agency said, while President Nabih Berri denounced the lack of “consensus”. …

Crime, Education, Discussed in Maryland Governor’s Debate | National policy
By BRIAN WITTE – Associated Press OWINGS MILLS, Md. (AP) — Crime, education and the economy were the top issues discussed Monday by eight candidates seeking the Democratic nomination for governor of Maryland in their first wide televised debate. of State. The candidates also took the opportunity during the debate on Maryland’s public television to …

EXPLAINER-The maritime border between Israel and Lebanon hinders energy development
A dispute between Israel and Lebanon over their maritime border has hampered energy exploration in the eastern Mediterranean and risks heightening tensions between two foes. After months of stalemate in US-mediated talks, Beirut on Sunday warned against any activity in the disputed area, reacting to the arrival of a ship to develop a field for …

Stocks climb on Wall Street, driven by more tech gains | National
PA NEW YORK (AP) — Stocks got off to a higher start on Wall Street on Monday, thanks to more gains in big tech companies. The S&P 500 rose 0.8%. The benchmark has just had its eighth losing week in the past nine. The Nasdaq rose 1.2% and the Dow Jones 0.5%. Twitter fell 4% …

Inflation cleavage: the rich splurge, the poor retreat | National
By ANNE D’INNOCENZIO and CHRISTOPHER RUGABER – AP Business Writers NEW YORK (AP) — Americans at the bottom of the income scale are again struggling to make ends meet. A confluence of factors — the expiration of federal stimulus checks and soaring inflation on basics like gasoline and food — are driving an even wider …

Failure of the US-Saudi strategy for Lebanon
By Batool Subeiti The 2022 Lebanese elections sealed a victory for Lebanon’s Islamic resistance, similar to the 2006 war, due to the failed US plot. The objective of the 2006 assault was to remove resistance from the military and political equation, to migrate Shiites and to reoccupy southern Lebanon, but the war ended and none …

The Economic Troubles Behind Huge Protests in Iran – OpEd – Eurasia Review
By Maria Maalouf* The suffering of the Iranian people can no longer be hidden, as thousands of them take to the streets, publicly and courageously, to protest against the inhuman conditions they have long endured. While most political commentators, particularly in the United States, have attempted to portray the most recent protests as a return …

What is Fiat currency?
YueStock/Shutterstock.com Currencies without any other commodity backing them are called fiat money. The Euro, Pound, Yen and other major currencies are all considered fiat currencies. From Gold Standard to Fiat In 1971, the United States officially ended the gold standard. Instead of a dollar representing a specified amount of gold, the US dollar is now …

Plunged into crisis, Peru neglects the destruction of Amazon | National policy
By FABIANO MAISONNAVE – Associated Press RIO DE JANEIRO (AP) — Peru has entered one of the worst political crises in its history and the protection of its Amazon rainforest is failing, according to a report released Thursday. Peru is home to the second largest part of the Amazon rainforest after Brazil. The country had …

This week on Inside INdiana Business with Gerry Dick 03/06/22 – Inside INdiana Business
Top Story: Economic Development of Lebanon Matthew Gentry, Mayor of Lebanon Is Lebanon about to go from dormitory community to booming city? Many people think so after Eli Lilly and Company announced plans to invest $2.1 billion to build two manufacturing plants and create 500 jobs in Lebanon’s new LEAP Innovation and Research District. Inside …

When politics is local in the Middle East
As the old saying goes, all politics is local. It might seem like a quaint idea in the age of social media and global connectivity. And yet, as a study co-led by an MIT political scientist reveals, it can describe Middle East politics more accurately than many people realize. Specifically, sectarian identity in the Muslim …

When politics is local in the Middle East | MIT News
As the old saying goes, all politics is local. It might seem like a quaint idea in the age of social media and global connectivity. And yet, as a study co-led by an MIT political scientist reveals, it can describe Middle East politics more accurately than many people realize. Specifically, sectarian identity in the Muslim …

Inventories open mixed, oil prices edge up as OPEC meets | Technology
PA NEW YORK (AP) — Stocks got off to a mixed start on Wall Street on Thursday, with weakness in tech companies offsetting gains elsewhere in the market. Microsoft weighed on the tech sector with a 3% loss after it cut its financial forecast for the current quarter, citing unfavorable movements in exchange rates. The …

Delaware State Auditor’s Corruption Trial Moves to New Venue | Health, Medicine and Fitness
DOVER, Delaware (AP) — Prosecutors have dismissed criminal bribery charges against Delaware’s state auditor on a legal technicality, but plan to seek a new grand jury indictment next week, court officials said Wednesday. This decision comes after the auditor’s defense attorney Kathy McGuiness pleaded in a Wilmington courtroom On Tuesday the case should be dropped …

Will decentralized solar energy become the solution to power cuts in Lebanon?
In Lebanon, prices for a solar system with batteries range from $3,000 to $13,500, depending on the number of panels and the size of the batteries. Wholesalers and retailers offer solar power systems from 5 amps to 100 amps. The electricity scene in Lebanon is notorious for its long blackouts that leave households, retailers and …

Lebanese Prime Minister: Political atmosphere suggests difficulties in forming a new government
Lebanon’s interim Prime Minister (pm), Najib Mikati, pointed out that the political atmosphere in the country suggests the difficulty of agreeing to quickly form a new government. He felt that most of the talk that has taken place in the last period has focused on the efforts of each political team to display their capabilities. …

Lebanon has just had elections. Its result? Curbing optimism.
Lebanon has just had elections. Its result? Curbing optimism. By David Daoud There is not much to celebrate with the result of the May 15 Lebanese legislative elections. While the results show that an active minority is angry, the low turnout – 41% – in an election described as “decisive” for the future of Lebanon …

Stocks fall on Wall Street, heading for another losing month | National
By STAN CHOE – AP Business Writer NEW YORK (AP) — U.S. stocks tumble Tuesday as Wall Street nears the end of a tumultuous month, battered by worries about a possible recession, inflation and rising interest rates. The S&P 500 was down 1.1% in early trading. The Dow Jones Industrial Average was down 421 points, …
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Factbox: Nabih Berri, veteran of the Lebanese Parliament
Lebanese Parliament Speaker Nabih Berri leads a parliamentary session at the UNESCO Palace in Beirut, Lebanon October 28, 2021. REUTERS/Aziz Taher/File Photo Join now for FREE unlimited access to Reuters.com Register BEIRUT, May 31 (Reuters) – Lebanese Shia Muslim politician Nabih Berri was re-elected speaker of parliament on Tuesday, extending his term in a post …

Populist millionaire faces ex-rebel for Colombian presidency | National Policy
By MANUEL RUEDA – Associated Press BOGOTA, Colombia (AP) — Left-wing Senator Gustavo Petro celebrated his first-round header in Colombia’s presidential election as most politicians would: in a conference room packed with hundreds of supporters as confetti rained down on him. The man he will meet in a June 19 run-off had a different approach. …

Sparks of long-term green sustainability and proper corporate responsibility
The secret to a viable capitalist approach to macroeconomics may lie less in redistributive intervention or stimulation of consumption than in aligning private greed productively with a public good. It is the idea of having a more productive economy while safeguarding and defending essential public goods: the climate and the environment (in terms of recovering …

Satan disguised as a guardian angel | Print edition
Views) : File photo of a queue for cooking gas. I am not surprised by the current economic crisis in Sri Lanka, but I am very sad about it. It could have been avoided. I’m sad about that, because we had enough time to make corrections and change direction to avoid it; but we …

Wall Street breaks 7-week losing streak, longest since 2001 | National
By DAMIAN J. TROISE and ALEX VEIGA – AP Business Writers NEW YORK (AP) — Tech companies led a broad rally for stocks on Friday as Wall Street recorded its best week in 18 months. The gain ended a seven-week losing streak for the market, the longest such streak since 2001. The S&P 500 rose …

The key inflation indicator has slowed to a still-high 6.3% over the past year | National
By CHRISTOPHER RUGABER – AP Economics Writer An inflation gauge closely watched by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020. Friday’s report from the Commerce Department added to other recent signs that while high inflation continues …

The Los Angeles liberal could take a right turn in the mayoral race | National
By MICHAEL R. BLOOD – AP Political Writer LOS ANGELES (AP) — Many voters in heavily Democratic Los Angeles are seething over rising crime and homelessness, which could prompt the city to turn to the political right for the first time in decades. . One of the leading mayoral candidates is Rick Caruso, a billionaire …

Doctors and hospitals in crisis-ridden Lebanon begin 2-day strike
BEIRUT (AP) — Dozens of doctors, nurses and medical staff gathered outside the Central Bank in the Lebanese capital Beirut on Thursday after declaring a two-day general strike to protest rapidly deteriorating economic conditions . The strike was declared by two unions of health professionals – the Beirut and North Doctors’ Unions and the Private …

الوكالة الوطنية للإعلام – Mufti Derian welcomes UNIFIL Commander Rifi
NNA – The Grand Mufti of the Republic, Sheikh Abdul Latif Derian, received on Thursday at his residence in Dar Al-Fatwa the Commander of “UNIFIL”, Aroldo Lazaro, who paid him a ceremonial visit after taking office in Lebanon . The couple discussed the current situation in Lebanon and the region. Derian then received Deputy Ashraf …

Mufti Derian welcomes UNIFIL Commander, Rifi
The Grand Mufti of the Republic, Sheikh Abdellatif Derian, received on Thursday at his residence in Dar Al-Fatwa the Commander of UNIFIL, Aroldo Lazaro, who paid him a ceremonial visit after taking office in Lebanon. The couple discussed the current situation in Lebanon and the region. Derian then received Deputy Ashraf Rifi, who affirmed to …

On the Lebanese discussion about change and weapons: Naivety is not the only alternative to stupidity
Who remembers the decades that preceded the two-year war (1975-1976) in Lebanon? The forces calling for political and social change at the time were neither few nor unpopular, no matter what kind of change they advocated. These forces have left the shell of a single sect and a single region. This is the case of …

Elaf Group to launch new hotel brand Joudyan next month
BUDAPEST (Reuters) – European Union efforts to impose an embargo on Russian oil faced further hurdles on Wednesday, with Hungarian officials saying they would not support the plan in its current form and recommending to remove the subject from the agenda of the summit of European leaders next week. The EU has been working to …

Avoid reconstruction mistakes in Iraq, warns co-founder of Maryam
DAVOS: Public and private sector funding is vital for Ukraine’s reconstruction in a post-war scenario, but it is also essential to ensure that corruption does not block reconstruction efforts, said a Maryam Forum Foundation panel at the World Economic Forum (WEF). The Ukraine4All: Building an Inclusive Future event invited leading figures from business and politics, …

Lebanon’s biggest challenge is real change, but it doesn’t seem to be on the agenda – Middle East Monitor
The Lebanese parliamentary election is watched with great interest around the world due to the nature of the state and its important strategic location next to Israel. The presence of Hezbollah, one of Iran’s most important proxies in the region, is a key factor given its overwhelming influence in Lebanon. So much so, in fact, …

Tunisian union calls for national strike over wages and economy
BEIRUT: Lebanese authorities began removing concrete barriers around the country’s parliament building on Monday after former protesters were elected as MPs. The security measures were put in place during the outbreak of massive anti-government protests in 2019. They are to be eased following the election of a dozen reformist newcomers to the 128-member legislature, some …

Kashmiri minority Hindus demand relocation after community member killed
KYIV, Ukraine (Reuters) – Russia continued its offensive in eastern Ukraine on Sunday as Poland’s president traveled to Kyiv to support the country’s European Union aspirations, becoming the first foreign leader to address the Ukrainian parliament since the beginning of the war.The lawmakers gave President Andrzej Duda a standing ovation, who thanked them for the …

Lebanon is the State… not the names
The recent Lebanese elections, which saw Hezbollah lose its allies and the parliamentary majority, and the entry of independents into parliament, are not only a lesson for the party, Iran and the Lebanese, but rather a message for the whole region. The first lesson is “not to trust the agents”, be they personalities, families or …

Wealthy Lebanese buy ‘island passports’ as crisis rages
Beirut (AFP) – Fearing visa hassles could cost him his job in Dubai as an economic meltdown wiped out all options for returning home, Lebanese executive Jad spent around $135,000 on new citizenship for him and his wife . Less than a month after making the payment last year, the 43-year-old businessman received a small …

Human trafficking: new trends – Daily Times
“Human trafficking is not only an injustice to the victim, but it is an injustice to the families and friends of that victim” -Asa Don Brown The world today is in turmoil. A quick glance around us would show signs of unrest, dissatisfaction, economic collapse, rising inflation, armed conflict, political upheaval, pandemics, terminal illnesses, accidents …

Japan hails new US economic initiative in Indo-Pacific | National Policy
By MARI YAMAGUCHI – Associated Press TOKYO (AP) — Japan hails a new U.S. economic initiative for the Indo-Pacific that President Joe Biden is expected to roll out during a visit to Tokyo next week, as it demonstrates U.S. commitment to an order regional economy that is not just about market access, an official said …

Stocks falter on Wall Street, edge closer to bear market | Technology
By DAMIAN J. TROISE and ALEX VEIGA – AP Business Writers NEW YORK (AP) — Stocks faltered Thursday afternoon on Wall Street as lingering inflation continues to weigh on the economy and keeps major indexes mired in a deep recession. The S&P 500, the benchmark for many index funds, just suffered its biggest drop in …

Qatar envoy congratulates Lebanese PM on elections – Doha News
The Lebanese people were able to elect a 128-member parliament, a dozen of whom are independent, as Reuters reported on Tuesday. Lebanese Prime Minister Najib Mikati met Wednesday in Beirut with Qatar’s envoy to the country, Ibrahim Al Sahlawi, following the Lebanese legislative elections. According to Ministry of Foreign Affairs of Qatar (MOFA), the Gulf …

الوكالة الوطنية للإعلام – Government of Japan and UN Women partner to address growing socio-economic needs in Lebanon
NNA – The Government of Japan and UN Women in Lebanon have signed an agreement to provide USD 1,294,388.00 to help vulnerable Lebanese women and Syrian refugees meet urgent socio-economic needs. This support will enable vulnerable women of all nationalities and their families to access emergency livelihoods, while ensuring access to quality sanitary products and …

Stocks rise on Wall Street; new report shows strong retail sales | Health, Medicine and Fitness
By DAMIAN J. TROISE – AP Business Writer NEW YORK (AP) — Stocks rose in afternoon trading on Wall Street on Tuesday as investors scrutinize an encouraging retail sales report and a mixed batch of earnings updates from several major retailers. . The S&P 500 was up 1.2% at 12:06 p.m. EST. The Dow Jones …

Libyan prime minister appointed by parliament leaves Tripoli after clashes
BEIRUT: Hezbollah and its allies in Lebanon are on the verge of losing their parliamentary majority after voters delivered a stunning rejection of the country’s corrupt political elite. Election results showed major victories for non-traditional political forces since polls closed at 7 p.m. Sunday. Vote counting continues after Sunday’s election and full results are not …

Lebanon is in political crisis. Sunday’s elections won’t change that.
Sunday’s Lebanese legislative elections offer the chance for change – however small – from the corruption, neglect and stagnation that have wrecked the country’s economy, provided relative impunity for Beirut’s devastating port blast. in 2020 and allowed the extremist group Hezbollah to take a greater proportion of seats in the Legislative Assembly. Sunday’s turnout in …

The Lebanese people voted in the most important parliamentary election
Several new political groups have emerged from the opposition movement and are competing in Sunday’s race, coming face to face with establishment parties. Political observers consider this election highly competitive and unpredictable. Earlier this year, three-time Prime Minister Chad Hariri – the leader of the country’s largest Sunni Muslim parliamentary group – retired from politics …

Lebanese President commends Qatar for support during economic crisis – Doha News
The country’s currency has lost 90% of its value to the US dollar since 2019 as people lack access to their savings at local banks. Lebanese President Michel Aoun expressed the importance of Qatar’s support for Lebanon in these difficult times in an exclusive interview with Doha State News Agency (QNA) the Saturday. In his …

Hezbollah’s weapons at the heart of the Lebanese elections on Sunday
BAALBEK, Lebanon (AP) — It was a sea of yellow as thousands of men, women and children waving Hezbollah flags and wearing the group’s signature yellow caps gathered on a giant pitch in the ancient eastern city of Baalbek to support the heavy armed militant group. One after another, scores of participants vowed to vote …

In Lebanon’s high-stakes elections, absence of Sunni party adds to uncertainty
Placeholder while loading article actions BEIRUT – When Lebanon votes in the legislative elections on Sunday, one major party will not be on the ballot: the Future Movement, led by former Prime Minister Saad Hariri, with close ties to the United States and Saudi Arabia . In January, Hariri announced his resignation from politics and …

Lebanese diaspora community mobilizes ahead of national elections
The Lebanese legislative elections on May 15 will be a decisive moment for the country’s political future. Lebanese voters, both at home and abroad, will have the opportunity to vote for new representatives who will tackle the pressing challenges facing Lebanon today. The stakes are high and many eligible Lebanese are rushing to polling stations …

Asian stocks rebound, dispelling inflation fears | National
By ELAINE KURTENBACH – AP Business Writer Asian stocks rebounded on Friday from losses earlier in the week, ignoring data showing wholesale prices in the United States climbed 11% in April from a year earlier. The regional rally followed a mixed, muted close on Wall Street. Oil prices and US futures were also higher. Investors …

In Lebanon, elections bring cautious hope – and an uphill battle for reform
On May 15, Lebanese voters will go to the polls for the legislative elections while members of the Lebanese diaspora voted last weekend. The contest comes at a time of deep economic crisis and government collapse in the country, but is unlikely to bring about significant change in a dysfunctional political establishment. These elections will …

Tech Sector Leads Stocks Lower as Inflation Remains High | Technology
By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA – AP Business Writers NEW YORK (AP) — Stocks fell on Wall Street on Wednesday, led by further declines in tech companies, after an inflation report turned worse than expected. An early rally faded, leaving the S&P 500 down 1.6% after swinging between gains and losses …

Elections in Lebanon should entrench the ‘status quo’
Sunday’s Lebanese elections are unlikely to bring seismic change, despite widespread dissatisfaction with a corrupt political class blamed for a painful economic crisis and deadly catastrophe, experts say. Given Lebanon’s sectarian politics, it is likely to “replicate the political class and give it internal and international legitimacy”, said Rima Majed of the American University of …

Hezbollah will work to form ‘just government’ in Lebanon: Nasrallah – Reuters
Speaking in a televised speech broadcast live from the southern suburbs of the Lebanese capital, Beirut, on Tuesday evening, Seyed Hassan Nasrallah said Lebanese voters would face a choice in the upcoming legislative elections between a faction whose main concern is Lebanon and another that seeks to please. United States, “Today you choose between those …

Lebanon asks for 30 billion dollars in compensation to receive displaced Syrians
Beirut, May 10 (IANS) Lebanese Social Affairs Minister Hector Hajjar has urged the international community to compensate the country with $30 billion for hosting displaced Syrians over a long period. “We are counting on the compensation of the international community for Lebanon, which has so far suffered losses estimated at 30 billion dollars,” Hajjar said …
Saudi energy minister blames lack of investment for fuel price spike
Adds quotes RIYADH, May 9 (Reuters) – Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday that the gap between crude oil prices and jet fuel, diesel and gasoline prices was around 60% in some cases due to lack of investment in refining capacity. The prince, speaking at an aviation summit in Riyadh, said …
Lebanon’s Descent into Turmoil: Assassinations, War, Financial Collapse | The mighty 790 KFGO
BEIRUT (Reuters) – Lebanon is holding elections on May 15 that could see a change of power that sends shockwaves far beyond this tiny country wedged between Syria and Israel. Here is a timeline of the nation’s recent history, from assassinations and war to a devastating explosion and economic collapse. 2005 Lebanese billionaire former Prime …

More of the same stagnation?
Assuming nothing will stop the legislative elections in Lebanon, 1046 candidates will compete for the 128 seats in the Lebanese parliament for the next four years. (Some candidates may still be disqualified or decide to withdraw their candidacy.) The elections will be held on two dates: from May 6 to 8 for the nearly 250,000 …

Fewer immigrant labor in the United States contributes to higher prices | Health, Medicine and Fitness
By NICHOLAS RICCARDI – Associated Press Just 10 miles from the Rio Grande, Mike Helle’s farm is so short of immigrant workers that he has replaced 450 acres of labor-intensive leafy greens with crops that can be harvested by machines. In Houston, Al Flores has raised the price of his barbecue restaurant’s brisket plate because …

the absence of a progressive alternative
Despite the momentum of the October 2019 uprisings in Lebanon, there is little hope for progressive alternatives in the upcoming elections, especially with such a weakened trade union movement, writes Joseph Daher. Ballots for the upcoming elections in Lebanon will be cast on May 15. [GETTY] The Lebanese legislative elections in May will take place …

Global storyteller AJ Naddaff ’19 named Knight-Hennessy Scholar
He had spent the previous winter in Beirut, on an internship at the Associated Press. Forced to return to his parents’ home near Boston by the COVID-19 pandemic, he contacted Rebecca Joubin, president and professor of Arabic studies at Davidson. Within days, they raised enough money to pay for one year’s school fees for 40 …

Ex-Venezuela mayor travels to Miami for oil bribe | National
MIAMI (AP) — A former ally of Hugo Chávez wanted to be prosecuted by his socialist successor Nicolás Maduro has quietly visited Miami as part of a major corruption scheme involving oil joint ventures with foreign partners. Jhonnathan Marín was mayor of the port city of Guanta in 2017 when he abruptly resigned and fled …

The Serious Risks of Western Complicity with Corrupt Arab Autocrats
To manage these investments and ensure that they are safe and secret, these kleptocrats and their cronies need facilitators: bankers, lawyers, auditors, real estate agents and other financial advisers from Wall Street, London, Zurich and more and more Dubai, the new favorite haven for Russian oligarchs who are now feeling the heat of sanctions in …

Desperate Lebanese depositors take their banks to court
JIT WAS not how Rebecca Ego planned to use her law degree. In 2020, she was accepted into a master’s program in America. It would cost $20,000 after scholarships, money she had in the bank. In Lebanon, however, it is almost impossible to withdraw money from the bank: lenders have imposed harsh and arbitrary capital …

Yazidis, again displaced, fear new conflicts in their Iraqi homeland
BEIRUT: The vote of Lebanese expats on Friday will inaugurate the first phase of this month’s legislative elections. Expats will vote in 59 countries, but only 10 nations will begin the first phase of voting on Friday. Expats from these countries, including Saudi Arabia, Qatar, Kuwait, Syria and Iraq, have a Friday weekend. The second …

Days after announcing $773 million takeover bid, Zymeworks minority shareholder adds AstraZeneca oncology vet to team – Endpoints News
Alan Barge The investment firm that launched an unsolicited takeover bid for Zymeworks has now tapped an AstraZeneca vet to help design the future strategy, adding some weight to its $773 million bid. dollars. Alan Barge, former head of oncology at AstraZeneca, joins All Blue Capital as an oncology drug development advisor. “I worked closely …

Years after Daesh’s defeat, northern Iraq struggles to rebuild
DUBAI: Education, it is said, is an investment in the future. This is why the Gulf Arab States have invested heavily in high-quality schools, creating the infrastructure necessary for students to reach their full potential and build careers that are personally satisfying and beneficial to society at large. However, the rapid proliferation of these schools …

Patriarch Raï urges Lebanese to vote massively in elections
As Lebanon prepares for historic legislative elections on May 15, Maronite Patriarch Bechara Boutros al-Rai urges Lebanese citizens to vote massively to preserve the country’s self-determination and identity as it faces its worst crisis since the war of 1975-1990. A delegation of French bishops is expected to visit Lebanon from May 8-12. By Lisa Zengarini …

What to do if you contract COVID while travelling; Plus, countries easing COVID restrictions and more virus news | National
Amazon ends its Covid-19 paid sick leave policy Amazon is ending its Covid-19 paid sick leave policy starting Monday, the company said in a memo to employees over the weekend that was shared with CNN Business. The return to pre-pandemic sick leave policies means all US employees will now have up to five days of …
Promising signs amid declining US influence in the region
By John Wight Henry Kissinger (Dr Death to his many detractors) was a man who approached foreign policy with the lucid realism you might associate with your average hyena. For Mr. Kissinger, the world was a tough, tough place where pragmatism and self-interest ruled. And in the world in which he operated in the 1960s …

Philippine Vote: Volunteers Support Reformer Against Dictator’s Son | National policy
By JIM GOMEZ – Associated Press MANILA, Philippines (AP) — A supporter has penned a moving campaign song that has been played nearly 4 million times on Spotify. Other volunteers are breaking into Filipino villages, canvassing to support Vice President Leni Robredo in next week’s presidential election. The stakes are high: if Robredo’s opponent, Ferdinand …

Berri in a message to expatriates in Lebanon: May your vote on May 6 and 8 be for national constants, not for electoral promises
In a message addressed to Lebanese expatriates who will go to the polling stations to vote on May 6 and 8, the Speaker of the House, Nabih Berri, called on them to “show the widest participation in this national event par excellence and the most important in the history of Lebanon”. and to “go to …

Migrant boat disaster destroys Lebanese family in crisis
TRIPOLI, Lebanon (AP) — A week ago, the boat carrying Bilal Dandashi, his relatives and dozens of others hoping to flee Lebanon and reach Europe sank in the Mediterranean. Dandashi still doesn’t know if his wife and children are alive or dead. Their boat sank in the dark of night within seconds after colliding with …

Prime Minister of the British Virgin Islands charged with cocaine smuggling | National
By ADRIANA GOMEZ LICON and DÁNICA COTO – The Associated Press MIAMI (AP) — The prime minister of the British Virgin Islands appeared in federal court in Miami on Friday following his arrest on charges of cocaine trafficking, while the British governor of the Caribbean territory announced that a corruption investigation had found good reasons …

Economic fallout from war in Ukraine could bring business to US railroads: analysis
A BNSF Railway export grain train travels through the Mojave Desert east of Barstow, California in June 2014. (Chase Gunnoe) CHARLESTON, West Virginia — Russia’s self-inflicted economic recession following the war in Ukraine will likely undo more than a decade of economic progress as other countries end ties with Russians. For the United States, this …