FAO and WFP warn war worsens acute food insecurity
Families curtail number of meals and buy lower-quality foods |
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Foreign currency reserves dropped by $400 million
First decline since July 2023, offset by rise in Gold reserves |
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$8.5 billion in war damages and losses
World Bank estimates that final tally will be much higher |
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Grey-listed post failing a one-year grace period
No effect on correspondent banking |
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InfoPro survey: War fallout impacting employment and pay
Major drop in sales affecting more than half the businesses |
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$1 billion in aid pledged at Paris international conference
$800 million for humanitarian needs and $200 million for security forces |
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GDP to shrink by nine percent as per UNDP’s rapid appraisal
Unemployment to rise to 33 percent |
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Bank Audi sells Odeabank in Turkey
Buyer is Abu Dhabi’s ADQ |
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Solidere and bank shares up as lollar is losing more value
Low trading volume |
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Private sector issues demands from government
Action needed to preserve scarce liquidity |
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Leurobonds up 35 percent due to buying by Goldman
HSBC sees a ‘Change Moment’ behind the rally |
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$372 million in aid so far being pledged
Countries and organizations also providing in-kind assistance |
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Fondation CMA-CGM supports NGOs and int’l organizations
Food, blankets, and medical supplies |
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$250 million loan for renewable energy
Financed by World Bank for the Litani River Authority |
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Car loans offered by BLOM and Audi
For new cars at yearly seven percent flat over five years |
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S&P predicts more lira collapse but data shows monetary strength
Dollar reserves are 16 times local money in circulation |
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BDL cancels financial engineering lira accounts
Equivalent to an estimated $1.5 billion in current value |
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Fresh dollar deposits increase to $4.2 billion
BDL’s liquid foreign reserves grow by $1.1 billion |
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Restaurant sector spiraling following a stellar growth
Security escalation has caused sudden sharp drop |
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MAN Enterprise gets $15 million loan from IFC
To grow operations and enter new markets |
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