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Lebanon-IMF talks break down

Lebanon’s talks with the IMF are on hold pending the start of economic reforms and agreement on the Lebanese side on a common approach for calculating losses, Finance Minister Ghazi Wazni said. Wazni will remain in contact with the IMF until the talks resume, he said in comments to al-Joumhuria …

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IMF preparing next billion dollar loan to Egypt

The International Monetary Fund on Friday said it had reached a staff-level agreement with Egypt for a one-year, $5.2 billion standby loan to help the North African country grapple with the novel coronavirus pandemic and its economic fallout. The agreement, which must be finalized by the Fund’s executive board, would …

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Netanyahu in Jerusalem District Court

The corruption trial of Benjamin Netanyahu opens on Sunday in a Jerusalem court, where he will become the first serving Israeli prime minister to face criminal prosecution, in a case he calls a political witch-hunt. Netanyahu is required to appear for the session in Jerusalem District Court, a week after …

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Saudi moving into facebook minority stake

Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing (BA.N), Facebook (FB.O) and Citigroup (C.N), according to a U.S. regulatory filing. The $300 billion Public Investment Fund (PIF) has been buying minority stakes in companies across the world, taking advantage of market weakness in …

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Rounahi warns US against arms embargo

Iranian President Hassan Rouhani threatened a “crushing response” on Wednesday if the United States goes ahead with plans to extend an embargo on Iranian trade of conventional arms, which the United Nations is set to lift later this year. Under Iran’s deal with world powers to accept limits to its …

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Syrian regime turns on its business allies

Sanctions-hit Syrian tycoon Rami Makhlouf on Sunday said that security forces were arresting employees at his diversified companies in what he said was “mounting pressure” on him days after Syrian authorities asked him to pay hefty taxes. Makhlouf, a maternal cousin of President Bashar al-Assad and widely considered part of …

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Managing your stakeholders while working from home

Managing Stakeholders has become a major challenge in a ‘Remote Working Environment’ (working from home). It increases the complexity factor to a project, it removes the physical interactions and the ability to manage emotions and behavioral aspects. By Emile Fakhoury Adding to this challenge, if you have kids at home, …

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How to become the best project manager

Achieving excellence in project management adds tremendous advantages to the individuals and the organisation as well as to the clients and stakeholders. By Emile Fakhoury The Golden Thread: Regional Picture, reveals the huge economic contribution of the project profession both within the UK as a whole and various regions. Mastering …

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Financial deadlock threatens EU corona response

European Union finance ministers failed to agree in all-night talks on more support for their coronavirus-hit economies and their chairman said on Wednesday morning he was suspending the discussions until Thursday. Diplomatic sources and officials said a feud between Italy and the Netherlands over what conditions should be attached to …

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Iran wants IMF loan to sit out corona crisis

President Hassan Rouhani pressed harder on Wednesday for a $5 billion emergency IMF loan Iran has sought to fight the Middle East’s worst coronavirus outbreak, saying the Fund would be guilty of discrimination if it withholds the money. Rouhani also said some businesses will remain closed until further notice, after …

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UN says patents counter-productive for corona fight

Discussions are under way on enabling wider access to some patented drugs and medical supplies during the coronavirus pandemic, the head of the U.N.’s intellectual property agency said on Tuesday. Francis Gurry, director-general of the World Intellectual Property Organization (WIPO), said that during an emergency, health and safety “trumps everything”. …

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G20 ready to help Third World in coronacrisis

The Group of 20 major economies said on Tuesday that they would present a coronavirus action plan in two weeks to address the debt vulnerabilities of the poorest countries and deliver financial aid to emerging economies. G20 finance ministers and central bank governors discussed in a videoconference how the International …

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Think Tanks Activity Summary

The Heritage Foundation sees the US as the winner in the current situation in Syria, with conflict between Turkey, Russia and Syria.  They conclude, “That leaves the U.S. sitting in not-the-worst position of all the players. We still have some small teams in Syria conducting anti-ISIS operations, but no one …

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Tashkent holds the first meeting of members of Working Group on formation of a Multimodal Transport Corridor for “Asian-Pacific Region – China – Kyrgyzstan – Uzbekistan – Turkmenistan – Azerbaijan – Georgia – Europe” and back.

By Damir Nazarov   U.Ibragimov, Director of the “Research Information Centre”, a non­governmental and non-profit organization On December 19-20, 2019, Tashkent held the first meeting of members of Working Group on Formation of a Multimodal Transport Corridor for “Asian- Pacific Region – China – Kyrgyzstan – Uzbekistan – Turkmenistan – …

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US attacks more companies trading with Iran

The United States on Wednesday identified seven companies that it has blacklisted for trade in Iranian petrochemicals – three based in mainland China, three in Hong Kong and one in South Africa – the State Department said in a statement. Separately, the department also named five Iranian nuclear scientists who …

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Hezbollah okay with IMF loan, but with conditions

Hezbollah does not oppose foreign aid to Lebanon, even from the International Monetary Fund, as long as the help does not impose conditions that harm the national interest, its leader said on Friday. In a televised speech, Sayyed Hassan Nasrallah said his Shi’ite movement, which backs the government, refused conditions …

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