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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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 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, …

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 …

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 …

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 …

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 …

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. …

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 …

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 …

“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 …

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 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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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. …

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 …

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 …

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 …

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 …

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 …

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 …