Economy

Lebanon’s 2020 budget foresees a surging deficit

Lebanon’s parliament will vote next week on a 2020 budget that projects a deficit of seven percent of gross domestic…

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Lebanon central bank reassures foreign investors amid financial crisis fears

Lebanon’s central bank said on Saturday there would be no “haircut” on deposits at banks due to the country’s financial…

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Libya oil shutdown is a ‘bullet in the head,’ says bank governor

Libya’s Central Bank Governor Sadiq al-Kabir called on the international community to help end a week-long shutdown of oil ports…

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Zimbabwe’s farmers lament: ‘The taxes are just too much’

Dressed in torn, baggy safari shorts, a khaki shirt, gumboots and a sun hat, 55-year-old farmer Joseph Mupakare sits on…

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OPEC considering keeping oil cuts until year-end: Report

OPEC is discussing extending its oil cuts until the end of the year as the market still looks bearish, but…

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Dubai’s largest Islamic bank acquires smaller lender

Dubai Islamic Bank said on Thursday it has completed the acquisition of Noor Bank to consolidate its position as the…

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Lebanon’s Bank Audi in talks with UAE’s FAB to sell Egyptian unit

Lebanon’s Bank Audi said on Thursday it was in exclusive negotiations with First Abu Dhabi Bank to sell its Egyptian…

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Riyadh to be turned ‘into a megalopolis’: Royal Commission President

Plans have been put in place to turn Saudi Arabia’s capital city Riyadh “into a megalopolis,” the President of The…

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