The deadly coronavirus is looking a lot like the theoretical “Disease X” that officials have long warned could spark a dangerous pandemic, a World Health Organization expert said. Marion Koopmans, a member of WHO’s emergency committee, said the virus is the first to meet the criteria of the so-called “Disease ... Read More »
IMF Asks Lebanon to Peg Dollar at LBP 1,750 or 2,000
An International Monetary Fund delegation wraps up Sunday a three-day visit to Lebanon during which it met with senior political and financial officials. “The delegation stressed that the starting point for the solutions should be reforms, topped by the electricity file,” media reports said. “The delegation also asked Lebanese officials ... Read More »
IMF extends visit to crisis-hit Lebanon: sources
The International Monetary Fund (IMF) will continue meetings with Lebanese authorities on Monday, sources familiar with the process said, extending a visit to provide technical advice that was expected to end on Sunday. The IMF began meetings with Lebanese authorities on Feb. 20 to provide broad technical advice on how ... Read More »
Earthquake in Turkey-Iran border region kills nine, injures more than 100
Nine people were killed and buildings collapsed across southeastern Turkey on Sunday when a magnitude 5.7 earthquake struck near the border with Iran, injuring more than a hundred in villages and towns in both countries, government officials said. In Turkey, three of the dead were children, and 50 people were ... Read More »
UAE banks lay off hundreds, close 49 branches due to slow economic growth
The English-speaking Emirati Khaleej Times newspaper reported that in the third quarter of 2019, the merger of two local banks caused licensed commercial banks to drop to 59, including 21 national banks and 38 foreign banks. ADCB merged with Union National Bank in May 2019, as the combined entity took ... Read More »
Information and Public Health Ministers hold joint press conference on Coronavirus
Minister of Information, Manal Abdel Samad Najd, and Minister of Public Health, Hamad Hassan, held a work meeting and joint press conference at the Ministry of Information on Saturday afternoon, to shed light on the Coronavirus issue and the necessary and responsible awareness needed in this regard. Attending the meeting ... Read More »
France: We will be there if Lebanon needs financial aid
France is ready to support Lebanon financially, bilaterally or multilaterally, its finance minister said on Sunday according to a Reuters report, warning against mixing economic recovery in the small Mediterranean state with US-led efforts to counter Iran in the region. “France always stands ready to help Lebanon. It has always ... Read More »
Lebanon confirms first case of coronavirus
Lebanon confirmed its first coronavirus case on Friday, a 45-year-old woman who had arrived from Iran and was being quarantined in a Beirut hospital. Two other suspected cases were being followed and authorities were taking all necessary precautions in line with recommendations of the World Health Organization, Health Minister Hamad ... Read More »
World is approaching coronavirus tipping point, experts say
78,000 cases confirmed, as Italy and Iran scramble to contain major outbreaks The world is fast approaching a tipping point in the spread of the coronavirus, according to experts, who warn that the disease is outpacing efforts to contain it, after major outbreaks forced Italy and Iran to introduce ... Read More »
Wuhan eases coronavirus lockdown as Xi warns of historic ‘crisis’
Communist party expected to reveal whether it will delay annual parliamentary session and South Korea reports new spike in cases Wuhan, the centre of the coronavirus outbreak in China, has loosened lockdown measures and several provinces have lowered their emergency alert levels, as top officials sought to assure the public ... Read More »