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finance & economy

Aug 08

 Food importers, supermarket owners reassure Minister of Economy that no food shortage looms on horizon

Food importers, supermarket owners reassure Minister of Economy that no food shortage looms on horizon

NNA - Minister of Economy and Trade, Raoul Nehme, met a delegation of the Union of Food Importers and the Union of Supermarket Owners, to discuss the means to maintain food security.

The"...

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Aug 08

 Lebanon's battered economy dealt fresh blow after port blast hits 'Achilles heel'

Lebanon's battered economy dealt fresh blow after port blast hits 'Achilles heel'

(Petra)-- Lebanon’s economy, already sinking before the explosion that knocked out its main port, could now shrink by double the rate previously forecast for this year, making it even harder to secure the financing the country needs to get back on its feet.

Economists"...

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Aug 08

Lebanon faces food challenge with no grain silo and few stocks

Lebanon faces food challenge with no grain silo and few stocks

DUBAI: Beirut’s blast destroyed Lebanon’s only large grain silo, with plans for another in the country’s second biggest port Tripoli shelved years ago due to a lack of funding, the UN’s FAO, Tripoli port director and a regional grain expert said.

The"...

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Aug 07

MetLife Foundation Commits $500,000 to Lebanon Relief Effort

MetLife Foundation Commits $500,000 to Lebanon Relief Effort

MetLife Foundation announced today a commitment of $500,000 to help Lebanon recover and rebuild from the Beirut port explosion.

“We were heartbroken to see the destruction in Beirut, and we want to do everything"...

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Aug 07

Andersen Global Enters into Collaboration Agreement with CFA Afrique in Burkina Faso

Andersen Global Enters into Collaboration Agreement with CFA Afrique in Burkina Faso

Andersen Global continues its West African expansion via a Collaboration Agreement with CFA Afrique, a tax and legal firm in Ouagadougou, marking the organization’s debut in Burkina Faso and further demonstrating Andersen Global’s growing presence on the African continent.

"...

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Aug 07

Western Union Stands in Solidarity with Lebanon

Western Union Stands in Solidarity with Lebanon

Western Union, a leader in cross-border, cross-currency money movement and payments, today announced that it is offering zero-feei international money transfers paid out in U.S. dollars to Lebanon, as the country grapples with its recent tragedy amidst other economic and pandemic related"...

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Aug 06

Over $78 million invested to renovate Shiraz historical texture

Over $78 million invested to renovate Shiraz historical texture

TEHRAN- Some 3,300 billion rials (over $78 million at the official rate of 42,000 rials) has been invested to renovate the historical texture of Shiraz, aiming at developing tourism in the city as the capital of Fars province.

The"...

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Aug 06

Beirut Blasts Heap Fresh Woes on Deeper Lebanon Crisis

Beirut Blasts Heap Fresh Woes on Deeper Lebanon Crisis

For the Lebanese people, who have watched helplessly as their economy has collapsed in recent months, the devastating explosion in Beirut is one disaster too many.

The deadly blasts struck at a time when Lebanon's"...

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Aug 06

Australia Pledges $1.4M for Beirut Relief Effort

Australia Pledges $1.4M for Beirut Relief Effort

The Australian government has pledged an initial 2 million Australian dollars ($1.4 million) to the relief effort in Lebanon following the deadly blast that ripped across the capital Beirut.

Prime Minister Scott"...

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Aug 06

Port of Tripoli: No wheat crisis in Lebanon

Port of Tripoli: No wheat crisis in Lebanon

NNA - Tripoli Port’s Administration on Thursday confirmed in a statement that the Lebanese people will not suffer a wheat crisis.

“A ship loaded with wheat for Al-Bahsas milling company will arrive"...

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