Why Universities in the Middle East Should Be Studied
“Hela, hela, hela, ho – Where’s the money, oh Fadlo?” Angry students at the American University of Beirut (AUB), where I served on the faculty for 11 years, have long wanted to know about its controversial president Fadlo Khuri. In April, the AUB administration announced that it would charge a substantial portion of tuition fees …
European Markets Open at Close: Global Sentiment Turns Cautious
LONDON — European markets fell slightly on Tuesday, tracking global risk aversion sentiment as investors assess whether last month’s rally has yet to continue. The pan-European Stoxx 600 tentatively closed 0.2% lower, with financial services stocks shedding 1.7% to lead the losses as most sectors and major exchanges slipped into negative territory. Oil and gas …
Two Syrian refugees fight to make EU pushbacks illegal
In Depth: After being returned to Lebanon without being allowed to seek asylum, two Syrian refugees are suing the Cypriot government over its pushback policy and hope their case will help end the deadly practice. When Ahmad* and Hussein* saw the Cyprus Coast Guard, they thought their perilous journey was over. In the fall of …
Read the August 2022 MEED Activity Review
Gulf Resists Global Slowdown; The Maghreb region faces mixed fortunes in a context of rising inflation; GCC banks emerge in robust post-pandemic shape Troubled times are upon us. Covid-19 continues to test supply chains, inflation is exploding and, geopolitically, tensions are rising. The conflict in Ukraine has sparked a new cold war between the West …
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Beirut silo collapses, reigniting trauma ahead of blast anniversary
The silos, a towering reminder of the August 4, 2020 explosion A smoldering fire had left Beirut residents on edge for weeks 2020 explosion seen as symbol of Lebanese elite corruption BEIRUT, July 31 (Reuters) – Part of the grain silos at the port of Beirut collapsed on Sunday days before the second anniversary of …
UNHCR warns of rising tensions between Lebanese nationals and Syrian refugees
BEIRUT: In recent weeks in Lebanon, there has been a series of violent attacks and other crimes committed by Lebanese against Syrian refugees and vice versa. The attacks have led to an increase in discriminatory rhetoric targeting Syrian refugees in Lebanon, while popular support for their repatriation to Syria has also grown as the situation …
Stocks rally again, close best month since November 2020 | Technology
By ALEX VEIGA – AP Business Writer Stocks racked up more gains on Friday as Wall Street closed its best month since November 2020, a welcome break for investors after a trying year for the market. The S&P 500 index, a benchmark for many equity funds, rose 1.4% and ended up 9.1% in July. A …
US Imposes Sanctions on Russian Citizens and Entities for Election Interference and Other Malicious Influences
Ukrainian forces have stepped up their counteroffensive to regain lost territory in the south, as Russia launched deadly strikes in central Ukraine and near the capital as Moscow faces a growing personnel shortage in the East. The Ukrainian military said its planes hit five Russian strongholds around the city of Kherson and another nearby town …
Apple continues to thrive as economy slows, despite falling Q3 earnings | Technology
By MICHAEL LIEDTKE – AP Technology Writer BERKELEY, Calif. (AP) — Apple’s profits have tumbled in the past quarter, but the world’s biggest tech company is holding up better than many of its peers as the economy teeters on the brink of a recession. As it grappled with manufacturing headaches and inflationary pressures that vexed …
Asian stocks, oil prices generally higher after Fed rate hike | Technology
By ELAINE KURTENBACH – AP Business Writer BANGKOK (AP) — Stocks were mostly higher in Asia on Thursday after the Federal Reserve stepped up its campaign against the surge inflation by raising its key rate by three-quarters of a point. Hong Kong’s benchmark Hang Seng index slipped 0.6% to 20,554.09 after the territory’s Monetary Authority …
Lebanon to build new silos to ease wheat crisis – Metro US
BEIRUT (AP) — Lebanon plans to build two new grain silos to combat its worsening food security crisis, the country’s acting economy minister told The Associated Press on Wednesday. Amin Salam said several countries and international organizations have expressed interest in funding and bidding for the new silos, which will cost a total of $100 …
Lebanon awaits crucial wheat imports and international aid
Since the start of the war, the Kremlin blockade of Ukrainian grain exports via the Black Sea has caused bread prices to skyrocket. Mahmoud Zayyat | AFP | Getty Images With Lebanon already facing its biggest economic crisis ever, the impact of Russia’s war in Ukraine has exacerbated dire living conditions in the Mediterranean nation …
Lebanon’s parliament votes to spend World Bank loan on wheat
BEIRUT (AP) — Lebanese lawmakers voted on Tuesday to use a $150 million loan from the World Bank to pay for wheat imports into the cash-strapped country. Already in the grip of a crippling economic crisis, Lebanon is also struggling to cope with a food security crisis that has left half of its roughly 6 …
Port blast investigation undermines Lebanese trust in courts
Story Highlights Trust in the Lebanese judicial system among the lowest in the world, at 16% More see Beirut Criminal Court investigation as fair than biased The majority of the Shia community opposes the continuation of the investigation WASHINGTON, DC – Nearly two years have passed since one of the largest …
The “powerful” Iraqis and the murdered Lebanese
Don’t the Lebanese people have the right to denounce the non-respect of the constitutional deadlines? Do they not have the right to be surprised that a new president has not been elected at the end of the reign of the occupant of the palace, and to apprehend the long-awaited electoral results, which suddenly suggest a …
Yellen plays down US recession as flurry of economic data looms | National policy
By CHRISTOPHER RUGABER – AP Economics Writer WASHINGTON (AP) — Treasury Secretary Janet Yellen said Sunday the U.S. economy was slowing, but stressed healthy hiring as proof that it is not yet in recession. Yellen spoke on NBC’s “Meet the Press” just ahead of the release this week of a series of economic reports that …
‘Day to day’: Trade bans and inflation drive up food prices
Soki Wu’s food stall, tucked away in a food court in a mall in Singapore, is a crowd favorite for its fresh and juicy ‘chicken rice’, a national dish. But customers have recently started complaining that his chicken doesn’t taste as good as it used to. Wu was forced to switch to frozen chicken after …
NGO in Lebanon: The new drones of US imperialism
The United States paralyzed Lebanon and emptied all the international parties opposed to the United States which parked their assets in Lebanese banks. A story as obvious as this is not even maintained by US-sponsored NGOs. NGO in Lebanon: The new drones of US imperialism It seems that Lebanon is still calling for help; then …
A Sydney team’s ambitious plan to use a submarine to rescue a wreck of refugees
Normal text sizeLarger text sizeVery large text size Sydney lawyer Tom Zreika was two years old when his family fled war-torn Lebanon by boat. Thousands of people made the same journey before the end of the civil war in 1990, and many died at sea. “Never in my wildest dreams” did he think he would …
The promise of modern services in traditional economies
The process of structural transformation in the now industrialized economies was generally linear, moving first from agriculture to manufacturing and then from manufacturing to modern knowledge-intensive professional services. But growth in less industrialized countries over the past three decades has not followed this pattern. “Modern” services have provided opportunities for productive growth in “traditional” economies, …
Complex negotiations to get grain out of Ukraine
Published on: 07/20/2022 – 20:14Amended: 07/20/2022 – 20:12 Paris (AFP)- Talks are progressing on opening shipping corridors to allow the 20 million tonnes of grain still stuck in Ukraine and upcoming harvests to be shipped around the world. But even if a deal is struck, it will bring no immediate relief to importing countries. Crucial …
Netflix earnings show ‘the game has changed’ for streaming giant, analyst says
Santosh Rao, Head of Research at Manhattan Venture Partners, discusses Netflix’s results and what it means for the streaming industry going forward. Video transcript – Let’s take a look at Netflix stocks, which are gathering here after hours. The stock up about 6 and 1/2%. The company reports a lower than expected loss of subscribers …
With endemic corruption, the economic crisis in Lebanon is worsening
Two weeks ago, I returned to Beirut for my first visit to Lebanon since an economic crash turned the country into a perverse laboratory experiment in the limits of human tolerance for totally avoidable deprivation and abusive governance. The human impact of the crisis, which began in October 2019, has been extensively chronicled, but it’s …
Lebanon has requested FAO assistance to secure wheat and facilitate agricultural exports
President Michel Aoun confirmed that “Lebanon attaches great importance to the agricultural sector because it is an essential part of the production economy after having been dependent for years on the rentier economy”. The statement came during his meeting at Baabda Palace with the new representative of the Food and Agriculture Organization of the United …
Democrat Hochul holds big fundraising lead over GOP’s Zeldin | National policy
By MARINA VILLENEUVE – Associated Press ALBANY, NY (AP) — Democratic Governor Kathy Hochul has a campaign war chest seven times larger than Republican challenger Lee Zeldin ahead of the November election. State campaign finance reports due Friday show Hochul has $11.7 million in the bank, compared to $1.6 million reported by Zeldin, a U.S. …
Australian inflation rate compared to China, New Zealand, UK, US, Germany, Spain, Brazil, Turkey and Lebanon
Australia may be facing record inflation, but that’s nothing compared to some countries, as New Zealand is mired in cost-of-living misery – while China watches smugly. Prices are soaring as the nation watches a perfect Covid storm and spiraling fuel and electricity bills as flood-ravaged farmland sees food prices soar. The battle against inflation is …
Live updates on the global economy: recession, cost of living crisis, inflation, market developments
strong points Global Economic Live Updates: The global economy is facing massive headwinds from inflation, recession, stock market crash and currency depreciation in all countries. Welcome to WION’s live blog on global economics and affairs. The global economy has been exacerbated by a perfect storm of the Covid pandemic, the Russian-Ukrainian conflict and the standoff …
Harassment of Lebanese journalists can kill, says RSF on Lokman Slim’s birthday
“In Lebanon, the harassment of journalists can be deadly and Lokman Slim is proof of that,” said Sabrina Bennoui, head of RSF’s Middle East desk. “Harassment can escalate into threats and finally threats can be carried out. We urge the authorities to shed light on those responsible for Slim’s murder and to take victims seriously …
Amazon slashes private label items as sales plummet: Wall Street Journal
RIYADH: The United States and Saudi Arabia have an established security relationship, with over SR375 billion ($100 billion) in active foreign military sales that President Joe Biden can draw on during his his visit to the Kingdom. According to the website of the US embassy and consulates in Saudi Arabia, the two countries have developed …
Tahini Market is expected to witness the highest growth rate with a CAGR of XX by 2030
Tahini market Tahini Market by Product Type, Production Process and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030 PORTLAND, OR, USA, July 14, 2022 /EINPresswire.com/ — Tahini is a condiment or thick paste made from sesame seeds. It contains vitamin B, calcium and protein. Tahini is rich in fatty acids, which have various health …
An ‘Arab NATO’ would only add to the region’s woes | Haitham El Zobaidi
Talk of an Arab NATO ignores many facts on the ground. Such a notion distorts or oversimplifies the realities of the region. The Middle East is now going through one of its worst phases to such an extent that it is difficult to count the number of problems it is facing. Combining the terms “visiting …
US inflation jumps again in June, increasing risks for the economy | National policy
By CHRISTOPHER RUGABER – AP Economics Writer WASHINGTON (AP) — U.S. inflation hit a new four-decade high in June on rising gasoline, food and rent prices, squeezed household budgets and pressure on the Federal Reserve to aggressively raise interest rates – trends that increase the risk of a recession. The government’s consumer price index has …
The contenders in the running to succeed Johnson as Britain’s next leader | Health, Medicine and Fitness
By SYLVIA HUI – Associated Press LONDON (AP) — Eight politicians are in the running to replace Boris Johnson as the next leader of the Conservative Party and British Prime Minister. Here are the candidates who won the support of at least 20 Conservative lawmakers to qualify for Wednesday’s second round of voting: RISHI SUNAK, …
Political chaos in Sri Lanka persists as crisis talks continue | National Policy
By KRISHAN FRANCIS – Associated Press COLOMBO, Sri Lanka (AP) — A weekend of political chaos in Sri Lanka dragged into Monday as opposition leaders have yet to agree to replace embattled President Gotabaya Rajapaksa and his prime minister. , whose residences remain occupied by protesters angered by the country’s economic collapse. Crowds of protesters …
Fed Bullard: Strong US Economy Can Handle Rising Rates | National policy
By CHRISTOPHER RUGABER – AP Economics Writer WASHINGTON (AP) — Last week’s jobs report pointed to a strong U.S. economy with few signs of a recession on the horizon that can withstand higher interest rates, the Reserve Chairman said Monday. Federal of St. Louis, James Bullard. Financial markets are showing flashing signs that an economic …
Johnson’s successors seek to stand out in crowded UK field | National policy
By DANICA KIRKA – Associated Press LONDON (AP) — Potential successors to British Prime Minister Boris Johnson raced to differentiate themselves from an increasingly crowded field on Sunday as the ruling Conservative Party set a tight timetable for an election. The candidates posted slick campaign videos on social media and appeared on Sunday morning political …
Makari says he sees no new government formation, marvels at justice system’s inability to detain anyone in one of world’s most corrupt countries
Interim Information Minister Ziad Makari said “it is not possible to form a new government during this short period, as it is transitory as presidential elections approach and various forces will compete.” Thus, he considered that “reviving the interim government and restoring its confidence is the best solution”. The words of the interim minister came …
EXPLAINER: Why Sri Lanka’s economy collapsed and what’s next | Health, Medicine and Fitness
By KRISHAN FRANCIS and ELAINE KURTENBACH – Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s prime minister said late last month that the island nation’s debt-ridden economy had “collapsed” as it ran out of money to pay for food and fuel. . Short of cash to pay for imports of these basic necessities and …
Assassinations that changed the course of history
ANKARA Many leaders have been assassinated for various reasons, including US President John F. Kennedy, Pakistani Prime Minister Benazir Bhutto and Israeli Prime Minister Yitzhak Rabin. Influential Japanese politician and former Prime Minister Shinzo Abe has died of injuries sustained after being shot during an election campaign event. It remains unclear whether Abe’s assassination was …
Why Jewish donations to Israel have been falling since 2009
THE CONVERSATION via AP — American Jews donate heavily to charity. One of the ways they support causes in the United States, Israel and elsewhere is collectively, often through large granting organizations. In researching this organized philanthropy, I have observed that the proportion of Jewish institutional giving to Israeli causes has declined since 2009. I …
UNSC calls for rapid government formation in Lebanon – Middle East Monitor
The United Nations Security Council called yesterday to speed up the formation of a new government in Lebanon, to implement the necessary reforms, Anadolu reported. The press release issued by the President of the Council, Ronaldo Costa Filho, indicates that the members of the Security Council took note of the appointment of Najib Mikati as …
At war with Iran, political chaos is a big handicap
The news of four Iranian ships sailing in the Red Sea is not a threat to Israel at the moment as it happened months ago, but it is a story that sums up Israel’s campaign to thwart and thwart the designs of the Islamic Republic and the fact that this was only made public in …
Slovak coalition in crisis to fight high inflation | National Policy
PA BRATISLAVA, Slovakia (AP) — The Slovak government is facing another serious crisis after a junior party threatened Wednesday to pull out of the four-party coalition over disagreements over how to deal with rising inflation . The liberal Freedom and Solidarity party has said it is no longer willing to be in government because of …
An interactive fireside chat with Saade Chami, Lebanese Deputy Prime Minister
The Middle East Institute Lebanese Program, in partnership with LIFE Lebanon and the Institute for Social Justice and Conflict Resolution (ISJCR) at the Lebanese American University, invites you to an interactive fireside chat with Lebanese Deputy Prime Minister Saade Chami to discuss the latest developments in Lebanon’s financial situation. and socio-economic crises in light of …
The Chronic Arab Political Impasse | Salem Al Ketbi
Although the group was the largest bloc in last October’s elections, it was unable to form a government due to opposition from rivals in the Coordination Framework, which includes the other Shiite forces who refuse to form a majority parliamentary government with their allies, the Kurdistan Democratic Party (PDK) and the Sunni Alliance for Sovereignty. …
Uncomfortable US tries to celebrate shooting-marred 4th of July in parade | Health, Medicine and Fitness
By BOBBY CAINA CALVAN and KATHLEEN FOODY – Associated Press The latest mass shooting came as the nation struggled to find a reason to celebrate its founding and the ties that still hold it together. It was supposed to be a day to take time off from work, flock to parades, devour hot dogs and …
Lebanese artisans race to preserve heritage rather than mass production
STORY: Location: Bchetfine, Lebanon These Lebanese artisans fight to preserve their heritage amid cheaper mass production and economic crisis Hana Fayad’s family has been weaving on a loom for three generations but she fears the age-old craft will die with her [Hana Fayad, Lebanese loom weaver] “Before, they (craftsmen) relied on these crafts, like pottery …
Forex Forecast: Pairs in Brief
Get Forex forecasts using fundamental, sentiment and technical position analysis for major pairs for the week of July 4, 2022 here. The difference between success and failure in Forex/CFD trading is very likely to depend primarily on which assets you choose to trade each week and in which directionnot on the exact methods you might …
Acting Israeli Prime Minister Lapid holds first Cabinet meeting
TEL AVIV, Israel — Acting Israeli Prime Minister Yair Lapid held his first Cabinet meeting since taking office on Sunday, promising a functioning government despite political instability that sends Israel to its fifth election in less than four years. . Lapid, seated next to his predecessor power-sharing partner Naftali Bennett, also warned that Israel would …
Israel says it shot down Hezbollah drones heading for gas rig
JERUSALEM, July 2 (Reuters) – Israel said it shot down three drones heading from Lebanon to one of its Mediterranean gas platforms on Saturday and accused the Iran-backed Hezbollah group of launching them. There was no immediate response from Lebanon to the Israeli allegation, which came amid tensions between the countries over the location of …
The Ayatollah’s Model for the World
As Russian President Vladimir Putin and his Chinese counterpart Xi Jinping market their authoritarian rulers as alternatives to a “moribund” Western democratic system, Tehran’s Khomeinist mullahs are also throwing their hats, sorry turbans, into the ring as contenders for the head of a new world order. An early version of the mullahs’ candidacy emerged nearly …
Tunisian president takes most powers in draft constitution
NEW YORK CITY: Last month, the UN observed World Refugee Day against the backdrop of a grim new milestone: the number of people who have been driven from their homes by war, persecution, violence and human rights violations now stands at more than 100 million. The figure is just one of many sobering numbers in …
YouTube Influencers Discover Iraq – Al-Monitor: Independent and Trusted Middle East Coverage
BAGHDAD — Famous YouTubers, including artists, singers and travel enthusiasts, have recently come to Iraq from all over the world, wandering through various cities and regions of the country. In 2021 and the first half of 2022, more than a dozen famous Arab YouTubers and singers visited Iraq and widely posted on their social media …
Marcos takes the helm in the Philippines, silent on his father’s abuse | Health, Medicine and Fitness
By JIM GOMEZ – Associated Press MANILA, Philippines (AP) — Ferdinand Marcos Jr., the namesake son of a ousted dictator, praised his father’s legacy and glossed over his violent past as he was sworn in as president of the Philippines on Thursday after a stunning election victory which opponents say was won by whitewashing his …
New grant will allow the peace project to expand its reach
A Lancaster University-based center that aims to trace religious tensions in Middle Eastern politics has secured a third round of funding to continue its work. SEPAD (the Sectarianism, Proxies and De-Sectarianization Project) based at Lancaster University’s Richardson Institute for Peace Studies, secured $500,000 in funding from the Carnegie Corporation of New York. Running through June …
ASEAN Special Envoy Begins Second Visit to Myanmar | National policy
BANGKOK (AP) — Cambodia’s foreign minister arrived in Myanmar on Wednesday for his second visit as special envoy of the Association of Southeast Asian Nations to the country, which is mired in violence and civil unrest since the military took over last year. State broadcaster MRTV reported that Prak Sokhonn and his group arrived in …
Lebanon’s long road to recovery amid financial implosion
Lebanon is facing one of the world’s worst economic and financial crises in the past 150 years, according to the World Bank. The Bank called Lebanon’s economic collapse a “deliberate depression”, due to “continued political inaction” and “persistent and debilitating internal political discord”.Lebanon’s three-year financial crisis has now plunged about three quarters of the population …
AP Interview: Spanish Prime Minister Says NATO Summit Will Show Unity | National policy
By ARITZ PARRA and CIARÁN GILES – Associated Press MADRID (AP) — Spanish Prime Minister Pedro Sánchez said the NATO summit in Madrid this week was aimed at showcasing the united front of Western allies in defense of democratic values in the face of Russia’s invasion of Ukraine, while increasing the block’s deterrent capabilities. In …
In Lebanon, how to say “yes” sparks a lively debate
BEIRUT (AP) — Dona-Maria Nammour was looking for a romance. The night she first met Mazen Jaber, they ended up dancing for hours. But their story is much more than a romance between cute and happily ever after. It’s also about friction in their native Lebanon over sectarian politics and civil rights, the role of …
Fallout from the Russian grain blockade | Russo-Ukrainian War
The alarm on Ahmed Karim Khalife’s phone is set for 6 a.m., so the 22-year-old aspiring architect can join the queue that is starting to form early outside his neighborhood bakery in Beirut. The store opens around 7:30 a.m., and nowadays it often runs out of bread at 9 a.m., Khalife said. “If I don’t …
Inflation sparks global wave of protests for higher wages and aid
Rising food prices. Skyrocketing fuel bills. Wages that don’t keep pace. Inflation plunders people’s wallets, sparking a wave of protests and labor strikes around the world. This week alone has seen protests from the political opposition in Pakistan, nurses in zimbabweunionized workers in Belgium, railway workers in Great Britain, Indigenous peoples in Ecuador, hundreds of …
Christian extremists destroy LGBT monument in East Beirut
Christian extremists have destroyed an LGBT monument in East Beirut amid a rise in hate speech against the LGBT community Activists gather outside the Home Office on Sunday to protest the recent rise in homophobia [Getty] Christian extremists have demolished an ornate rainbow flag monument in east Beirut, as Lebanon experiences a spate of homophobic …
Wall Street rally, airline critics
NEW YORK (AP) – Stocks racked up more gains on Wall Street on Friday, as the S&P 500 had its best day in two years and only its second winning week in the past 12 to provide some relief from the brutal selling of the market. This year. The benchmark rose 3.1%, with technology and …
A world apart, Lebanon and Sri Lanka share economic collapse
BEIRUT — Lebanon and Sri Lanka may be worlds apart, but they share a history of political turmoil and violence that has led to the collapse of once-thriving economies plagued by corruption, clientelism, nepotism and corruption. ‘incompetence. The toxic combinations have led to disaster for both: collapsing currencies, shortages, triple-digit inflation and growing hunger. Winding …
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 …
Outgoing Lebanese PM stays on as economic crisis deepens
BEIRUT (AP) — Lebanese Prime Minister Najib Mikati won the backing of more than 50 lawmakers on Thursday to keep his post after last month’s legislative elections as the country’s multiple crises worsen with no solution in sight. After a day of binding consultations between President Michel Aoun and the parliamentary blocs, Mikati was nominated …
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 …