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Tag Archives: corona

US worried about oil prices rising too high

The White House said on Friday it is concerned about the impact of rising oil prices on US consumers but believes producers have ample ability to pump enough crude. “Currently we believe that there is enough spare oil production capacity globally,” White House Press Secretary Jen Psaki told reporters. “Because …

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$200 million loan to fight power shortages in Lebanon

Michel Aoun

Lebanon’s President Michel Aoun approved an exceptional loan of up to 300 billion Lebanese pounds ($200 million) on Monday for the state electricity company to import fuel for generation before supplies run out, an official statement said. Lebanon is mired in a financial crisis, caused by a mountain of debt built …

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Lebanese army on national crisis footing

Lebanon’s army carried out large-scale military exercises on Monday to test its readiness to deal with a nationwide crisis. The “Lebanon Wide” exercise included units from the army, the Internal Security Forces, General Security, State Security, the General Directorate of Customs, the General Directorate of Civil Defense, the Lebanese Red …

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Uzbekistan increases export of textile products

In Q1 2021, Uzbekistan exported $637.7 million worth of textile products to 54 countries. The figure is more by $174.9 million compared to the same period last year, the Statistics Committee said. According to the committee’s report, a total of 5,080 textile enterprises produced 11.5 trillion soums worth of goods …

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Free Patriotic Movement in Lebanon defends president Aoun

Michel Aoun

Lebanon’s largest Christian bloc, the Free Patriotic Movement (FPM), warned prime minister-designate Saad al-Hariri on Saturday against sidelining President Michel Aoun and other parliamentary interests in talks over forming a cabinet. Hariri and Aoun have been at loggerheads over the cabinet for months, dashing hopes of a reversal of Lebanon’s …

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Netanyahu now not keen on UAE visit

A planned visit by Israeli Prime Minister Benjamin Netanyahu to the United Arab Emirates on Thursday was canceled, Israel’s public radio Kan said, citing a source involved in the planning. Neither Israel nor the UAE have formally confirmed that such a visit — the first by the prime minister to …

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Assad regime hit with COVID at core

Syria’s President Bashar al-Assad and his wife Asma have tested positive for COVID-19 after showing minor symptoms, his office said on Monday. The Syrian leader and his spouse, who announced her recovery from breast cancer in 2019, were in good health and would keep working in isolation at home, the …

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New government postponed in Lebanon again

Lebanon’s President Michel Aoun has postponed by a week consultations aimed at choosing a prime minister to form a new government to tackle the country’s worst economic crisis since its 1975-1990 civil war, the presidency said on Wednesday. Aoun had been due to hold the consultations on Thursday and was …

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Saad Al-Hariri reiterates call for French roadmap

Lebanon’s leading Sunni Muslim politician, former Prime Minister Saad al-Hariri, called for the restoration of a French plan to lift the nation out of its worst financial crisis since its 1975-1990 civil war. Former colonial power France, which has led foreign aid efforts, has tried to rally Lebanese leaders to …

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