Business News

Salameh, brother sue state over ‘mistakes’ in embezzlement probe

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BEIRUT- Lebanon’s central bank governor and his brother are suing the state over what they say were “grave mistakes” made

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OPEC bows to pressure , agrees to increase oil output hikes by 50%

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OPEC+ will increase the size of its oil-supply hikes by about 50 per cent, bowing to months of pressure from

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US US Treasury Secretary admits she was wrong on inflation

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Washington (CNN) US Treasury Secretary Janet Yellen admitted Tuesday that she had failed to anticipate how long high inflation would

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Israel concludes its first free trade deal with an Arab country

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Israel has signed a free trade agreement with the United Arab Emirates, its first big trade accord with an Arab

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Fitch Ratings warns of elections’ impact on Lebanese economy

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By BASSEM MROUE BEIRUT (AP) — A leading international credit ratings agency warned Friday that the results of this month’s

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Elon Musk questioned by SEC over late Twitter disclosure

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The US Securities and Exchange Commission is scrutinizing Elon Musk’s initial disclosure that he’d taken a substantial stake in Twitter.

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Greece accuses Iran of ‘piracy’ following seizure of 2 Greek oil tankers in Gulf

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Greece accused Iran of “piracy” after Tehran’s Revolutionary Guards said they seized two Greek-flagged oil tankers in the Gulf Friday.

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Lebanese central bank seeks to strengthen currency after crashing to an all time low

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Lebanon’s central bank Riad Salameh issued a statement on Friday after the Lebanese currency the Lira hit an all time

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Twitter shareholders sue Elon Musk and Twitter over chaotic deal

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Since Musk’s acquisition bid, Twitter’s share price has dropped more than 12%, and Tesla’s is down about 28% as part of

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Lebanese pound drops to all-time low

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Beirut, Lebanon – The black market value of the Lebanese pound has fallen to an all-time low of 36,900 to 37,000

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