The economy of Lebanon, which has defaulted on its mountain of debt, is expected to contract by a massive 12 percent this year, while Iraq, OPEC’s second-largest producer, is headed for a fall of 4.7 percent, the IMF said Tuesday. The Middle East and North Africa economy will meanwhile contract ... Read More »
Financial aid to families in need postponed: ministry
The Social Affairs Ministry announced Monday night that it was postponing the distribution of the emergency aid for poor families affected by the coronavirus measures. “Due to a number of errors the lists contained, the ministry decided to postpone the distribution aid until the Army finishes examining [the lists],” the ... Read More »
Berri Stresses Any Haircut Proposal ‘Shall Not Pass’
Speaker Nabih Berri has sent the government a clear message saying parliament “will not legislate fraud or the theft of depositors’ money and savings,” al-Joumhouria newspaper reported on Tuesday. “This plan is not the finance minister’s plan and we do not agree to it at all,” the daily quoted Berri ... Read More »
Ministry of Health: 9 new Coronavirus cases reported
The Ministry of Health issued on Tuesday its daily report on Coronavirus cases in Lebanon. In its report, the ministry said that 9 new cases were reported, bringing the total number of cases in Lebanon to 641. One death was reported bringing the number of total deaths to 21. LBCI Read More »
Diab chairs meeting of follow-up committee for social aid
Prime Minister Hassan Diab chaired on Tuesday at the Grand Serail the meeting of the follow-up Committee for social aid. The meeting included Minister of Social Affairs and Tourism Ramzi Musharrafieh, Major-General Elias Chamieh, and PM advisors Hussein Kaafarani and Roula Moussa. The Committee informed the PM about the main ... Read More »
Abdel Samad: Evil Attracts Evil, Positivity Serves Everyone
Information Minister, Dr. Manal Abdel Samad Najd, commemorated the “painful Lebanese civil war” via her Twitter account on Monday, calling on all political counterparts to “learn from bitter experiences of the past.” She added: “Evil attracts evil and that the positive attitude lies in everyone’s interest .” “Remember that our country, ... Read More »
Global Covid-19 cases near 2 million as Putin warns Russia faces ‘extraordinary’ crisis
Russian president suggests army could be drafted in as China also sounds alarm at cross-border cases The number of Covid-19 cases recorded worldwide is nearing 2 million, as Vladimir Putin warned warned officials to brace for “complex and extraordinary” scenarios in Russia as a result of the outbreak. The country ... Read More »
‘Great Lockdown’ to rival Great Depression with 3% hit to global economy, says IMF
Latest World Economic Outlook describes shock of coronavirus pandemic as ‘like no other’ The International Monetary Fund has slashed its forecasts for global growth in response to the Covid-19 pandemic and warned of a slump in output this year unparalleled since the Great Depression of the 1930s. In its half-yearly ... Read More »
Italy’s daily coronavirus cases decline, deaths rise
Deaths from the COVID-19 epidemic in Italy rose by 566 on Monday, up from 431 the day before, but the number of new cases slowed to 3,153 from a previous 4,092. The number of new cases was the lowest since April 7. The total death toll since the outbreak came ... Read More »
UK coronavirus deaths rise above 11,000, government grapples with economic toll
The death toll from COVID-19 in British hospitals rose to 11,329 on Monday as the government – without its recuperating leader Boris Johnson – faced questions over its handling of the outbreak and the impact on the economy. Finance minister Rishi Sunak has told colleagues Gross Domestic Product could shrink ... Read More »