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finance & economy

Aug 11

$300 million in relief committed at international donor conference

$300 million in relief committed at international donor conference

An emergency donor video-conference has raised pledges worth nearly €253 million ($300 million) for immediate humanitarian relief.

The international response will be coordinated by the United Nations.

The “assistance should be timely, sufficient and"...

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Aug 11

UK Pledges More Aid for Beirut Crisis at Global Summit

UK Pledges More Aid for Beirut Crisis at Global Summit

The UK will step up its commitment to helping Lebanon’s most vulnerable today, by pledging a further £20m in urgent humanitarian support, the UK embassy said in a press release.

1."...

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Aug 11

Finance Minister Quits in 4th Govt. Resignation

Finance Minister Quits in 4th Govt. Resignation

Finance Minister Ghazi Wazni stepped down Monday in the fourth resignation from a government under fire over the deadly port blast that ripped through the capital, a ministry official told AFP.

The"...

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Aug 11

Lebanon: 10 Months of Crisis

Lebanon: 10 Months of Crisis

Prime Minister Hassan Diab resigned on Monday in the wake of a massive explosion that devastated the capital Beirut and reignited angry anti-government protests over a spiraling economic crisis.

Here is a recap"...

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Aug 11

U.N. Food Chief: Lebanon Could Run Out of Bread in 2 1/2 Weeks

U.N. Food Chief: Lebanon Could Run Out of Bread in 2 1/2 Weeks

The head of the U.N. food agency said Monday he's 'very, very concerned' Lebanon could run out of bread in about 2 ½ weeks because 85% of the country's grain comes through Beirut's devastated port -- but he believes an area of the port can be made operational"...

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Aug 11

Warren Buffett's search for value leads to him buying his own company's shares

Warren Buffett's search for value leads to him buying his own company's shares

Warren Buffett is betting on brighter prospects for Berkshire Hathaway.

Berkshire spent a record $5.1 billion (Dh18.7bn) buying back its own stock in the second quarter, and may have kept that higher pace going"...

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Aug 11

Lebanon's Solidere stocks fluctuate as Beirut bourse resumes trading after explosion

Lebanon's Solidere stocks fluctuate as Beirut bourse resumes trading after explosion

Lebanon’s stocks fluctuated on Monday in the first trading session after last week's catastrophic Beirut port explosion, with the largest listed company Solidere gaining some ground before the close.

The"...

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Aug 11

Nasdaq, DGCX sign landmark technology agreement

Nasdaq, DGCX sign landmark technology agreement

DUBAI, 10th August, 2020 (WAM) -- Nasdaq (Nasdaq: NDAQ) and Dubai Gold & Commodities Exchange, DGCX, today announced a major market technology agreement for Nasdaq to provide DGCX with a full suite of integrated marketplace solutions.

The"...

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Aug 10

Canada Launches a Lebanon Relief Fund

Canada Launches a Lebanon Relief Fund

The Canadian government has announced the launch of a Lebanon relief fund, calling on citizens to give generously to victims of the massive explosion that killed more than 150 people and injured 6,000 in Beirut.

'Every"...

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Aug 10

World Pledges 250 Million Euros for Lebanon's People, Says France

World Pledges 250 Million Euros for Lebanon's People, Says France

World leaders on Sunday pledged more than 250 million euros for disaster-struck Lebanon, conference host France said, with the emergency aid to be delivered 'directly' to a population reeling from the deadly port blast in Beirut.

Fifteen"...

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