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A service for global professionals · Monday, May 17, 2021 · 541,351,324 Articles · 3+ Million Readers
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  • Published on Apr 24, 2021

    Report: COVID-19 thwarts efforts to end currency black markets

    The financial hit of the COVID-19 pandemic has slowed efforts by central banks in a range of countries to unify parallel exchange rates, leaving them with currency black markets that cause more economic damage, a report by the Institute of International …

    Source: New Telegraph - Neutral
  • Published on Feb 15, 2021

    Lebanese inflation hits record high as food prices soar 400%

    (MENAFN - Gulf Times) Lebanon's annual inflation rate reached a record high and food prices soared by up to 400% in December, highlighting the dramatic impact on consumers and businesses of the country's worst financial crisis in decades. Annual …

    Source: MENAFN - Uncategorized
  • Published on Feb 15, 2021

    As Lebanon's banks struggle to raise capital, a deadline looms

    BEIRUT (Reuters) - Paralysed by financial crisis and riven with political risk, a number of Lebanon’s banks are struggling to meet a central bank target to raise their capital defences by 20% by the end of this month. FILE PHOTO: Lebanon's central bank …

    Source: Reuters - Neutral
  • Published on Apr 21, 2021

    BSP intensifies push for easing bank secrecy law

    As the only country in the world with a constraining deposits secrecy law, the Bangko Sentral ng Pilipinas (BSP) will request President Duterte to certify the proposed measures on Bank Secrecy Law as urgent, particularly the BSP’s version of the law as …

    Source: Manila Bulletin - Pro-Government
  • Published on Feb 4, 2021

    IMF says vaccines to fuel Mideast recovery, tough path ahead

    DUBAI, United Arab Emirates (AP) — Broad access to different coronavirus vaccines remains crucial for an economic recovery in the Mideast, the International Monetary Fund said Thursday, warning the path ahead remains “long and winding” for countries …

    Source: Seattle Post-Intelligencer - Washington State - Neutral
  • Published on Jan 29, 2021

    What's fuelling Lebanon's lockdown protests?

    More than 400 people have been wounded in northern Lebanon this week in clashes between security forces and protesters angered by a coronavirus lockdown they say is starving them. What is behind the escalating tensions in the main northern city of Tripoli, …

    Source: Digital Journal - Neutral
  • Published on Jan 25, 2021

    Swiss envoy, Lebanese FM holds talks amid central bank probe

    Jan. 25, 2021Updated: Jan. 25, 2021 4:40 a.m. 1of2In this photo released by Lebanon's official government photographer Dalati Nohra, Lebanese Foreign Minister Charbel Wehbi, left, meets with Switzerland's ambassador to Lebanon Monika Schmutz Kirgöz …

    Source: Seattle Post-Intelligencer - Washington State - Neutral
  • Published on Jan 21, 2021

    Lebanon central bank governor denies transfer of capital

    BEIRUT (AP) - The governor of Lebanon’s Central Bank denied on Thursday that he had made any transfers of the bank’s funds following a probe by Swiss authorities into money laundering and embezzlement. Gov. Riad Salameh’s statement was released after he …

    Source: The Washington Times - Right-wing
  • Published on Jan 19, 2021

    Swiss attorney general investigates Lebanon's central bank

    ByThe Associated Press January 19, 2021, 6:52 PM • 2 min read BEIRUT -- The office of Switzerland's attorney general said Tuesday it requested legal assistance from Lebanese authorities for an investigation into possible money laundering and …

    Source: ABC News - Neutral
  • Published on Apr 15, 2021

    How Will Arab Economies Grow in 2021?

    As hopes of a more stable year than 2020 continue to spread around the world, at a time vaccines are being administered in bulk across the world, one can not help but wonder how this will reflect on the deep economic crisis we have lived through for a …

    Source: Al Bawaba - Neutral
  • Published on Jan 15, 2021

    Lebanon teeters on the brink of collapse 

    Amid a falling currency, a hyperinflation rising to historic levels, a sharp scarcity of foreign exchange and a complete lockdown due to an alarming rise in the number of Covid 19 cases, Lebanon is entering 2021 on the wrong foot. Despite the difficult …

    Source: Khaleej Times - Uncategorized
  • Published on Dec 22, 2020

    A small firm’s survival story may be Lebanon’s 2020 silver lining

    Beirut, Lebanon – Tarek Chehab describes his 3D design factory as a “place where you can make pretty much anything — a ‘Lala-land’ for creative types like architects and product designers.” In the past, Styro 3D, named after the versatile styrofoam used in …

    Source: News (South Africa) - Uncategorized
  • Published on Dec 22, 2020

    New Law Paves Way for Audit of Lebanon’s Central Bank

    BEIRUT – The Lebanese Parliament approved on Monday a law that paves the way for a forensic audit of the central bank, which international donors have made a condition for providing aid to the struggling country. President Michel Aoun welcomed the …

    Source: Latin American Herald Tribune - Neutral
  • Published on Dec 19, 2020

    What's more important for Lebanon: Subsidies or a new government?

    As the country's financial crisis continues, Lebanon's central bank has warned it could run out of money to pay subsidies on basic goods by early 2021. If this happens, observers, including the United Nations and local NGOs, have warned of disaster …

    Source: Deutsche Welle - Public Broadcaster
  • Published on Dec 18, 2020

    Macron's Covid-hit visit was never going to be the tonic Lebanon needs

    For anyone believing the formation of a new Lebanese government hinged on Emmanuel Macron’s planned visit to Beirut next week, his Covid-19 contraction was a bad diagnosis for Lebanon, not just the French president. But in truth, observers say, political …

    Source: Middle East Eye - Uncategorized
  • Published on Apr 7, 2021

    Lifting people out of poverty my govt's main concern: PM Imran Khan tells UNDP

    PM Imran Khan thanks UNDP for human development report, says it will help the government "fine tune its policies". Says Pakistan to undertake new Ehsaas Programme effort, and provide incentive packages, for which it will seek the International …

    Source: GEO TV - Pro-Government
  • Published on Dec 3, 2020

    Forensic audit firm's withdrawal casts its shadow over Lebanon's future

    The decision of international restructuring firm Alvarez & Marsal (A&M) to quit its contract to carry out a forensic audit of Lebanon's central bank has cast a shadow on the country's future and exacerbated its crushing financial crisis. …

    Source: Middle East Monitor - Uncategorized
  • Published on Dec 3, 2020

    Lebanon: New aid package is unlikely to lead to reform

    After a video conference involving 32 nations and 12 international organizations, including the United Nations, the European Union and the World Bank, a new package of financial and humanitarian aid for Lebanon was agreed on. The explosion of ammonium …

    Source: Deutsche Welle - Public Broadcaster
  • Published on Dec 3, 2020

    Lebanon: World leaders demand Beirut reforms at aid conference

    France and the United Nations led a virtual international aid conference Wednesday to secure more support for Lebanon months after an explosion destroyed the port of Beirut and part of the city. French President Emmanuel Macron and UN Secretary-General …

    Source: Deutsche Welle - Public Broadcaster
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