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The Lebanese military will start offering scenic helicopter flights over the crisis-ravaged country to raise much-needed additional funds as crippling inflation has left soldiers’ salaries worth just £ 60 per month . Fifteen-minute flights in a Raven helicopter for up to three passengers will be offered starting July 1 and will cost $ 150 per …

BEIRUT (AP) – Ibrahim Arab stands in line for hours a day in the hot summer sun to buy gasoline for his taxi. When not working, the 37-year-old father-of-two goes from pharmacy to pharmacy in Beirut, looking for infant formula for his 7-month-old son – anything he can find – even if the infant has …

ECONOMYNEXT – The Sri Lankan Rupee is barely traded on official interbank markets after total transactions were banned above an unreliable peg of 200 for the US dollar, but parallel foreign exchange markets come into play, as they had done so in previous episodes of money printing, the market participants say. Sri Lanka’s interbank foreign …

Rides aboard the Army’s Robinson R44 Raven helicopters would begin Thursday and would be open to passengers aged three and over. The Lebanese army will begin this week to offer tourists helicopter rides in an attempt to replenish the coffers of one of the main institutions of the country affected by the crisis. An economic …

Cars line up at a gas station waiting to refuel in Damour, Lebanon on June 25, 2021. REUTERS / Aziz Taher BEIRUT, June 28 (Reuters) – Lebanon’s central bank on Monday said it would open lines of credit to import fuel at 3,900 Lebanese pounds to the dollar, a lower rate than previously proposed which …

BEIRUT (AP) – Lebanese troops deployed in the northern city of Tripoli took up positions around key state institutions on Sunday morning after a night of protests and riots against deteriorating living conditions , leaving several demonstrators and 10 soldiers injured. Sporadic protests were reported across Lebanon on Saturday as the country’s 20-month economic crisis …

The relationship once shared between the late Syrian and Iraqi leaders, Hafez al-Assad and Saddam Hussein, can be described as both complicated and intertwined. So was the story between Damascus and Baghdad. Many factors, such as politics, bigotry, ideology, and geography, have defined the hallmarks of Iraq-Syria ties and the race for leadership in the …

LONDON: Odile Renaud-Basso, the first female president of the European Development Bank, hopes to restore EBRD’s green investment targets while tackling equality at work as economies hit by COVID-19 recover. Before chairing his first EBRD annual meeting this week, in an interview with AFP, Renaud-Basso also highlighted the rapid digitization of the workplace that affects …

Authors: Nizar Aouad, Dana Abed On August 4, 2020, Lebanon was ravaged by a catastrophic explosion in the port of Beirut, killing more than 200 and injuring 6,500, and causing massive destruction within a 10 km radius of the explosion site. Primary data collected from LGBTQI-focused civil society organizations (CSOs) and gay individuals immediately after …

Hezbollah Secretary General Sayyed Hasan Nasrallah said on Friday that some Lebanese parties unfairly insist on accusing Hezbollah of obstructing cabinet formation in Lebanon and blaming it on false assumptions related to the Iran nuclear deal. Delivering a televised speech to address the latest developments in Lebanon, Sayyed Nasrallah stressed that Iran has consistently refused …