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Wednesday, Oct 18

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Infrastructure investments essential, overdue

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Lebanon Needs to Unlock More Growth.

Financially hit TSC closes supermarkets

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The Kuwait-based company TSC seems to be closing the curtain on its investments in Lebanon as employees of the supermarket chain plan a demonstration Thursday to demand their full salaries and compensations.

Egypt draws $1.8B of investments for solar projects

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Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp.

Financial woes put Libyan oil recovery on shaky ground

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Libya’s oil production revival is being undermined by the same financial, economic and security problems that threaten the promise of stability and a better life for the divided North African nation.

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Excavations underway on both sides of the Lebanese-Israeli border

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Bulldozers worked along the Lebanese-Israeli border Wednesday, digging out some areas and cleaning waterways.

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Prominent Syrian army commander killed in Deir al-Zor

Senior Syrian regime military commander Issam Zahreddine was killed Wednesday during an operation against Daesh (ISIS) in Deir al-Zor, the Hezbollah-affiliated War Media Center reported.

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Hamas demands that wanted Lebanese leave Ain al-Hilweh

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The political committee of the Hamas Movement outside of Palestine called Wednesday for an immediate halt to the construction of a wall around Ain al-Hilweh.

10

ISF seizes probable Dali painting worth millions

The Internal Security Forces has recovered a painting thought to be an original work by legendary artist Salvador Dali, according to an ISF statement released Wednesday.

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Parliament OK's delayed budget audit, adjourns

Parliament ended Wednesday’s session with a vote on a cabinet bill allowing the 2017 state budget to be passed without an audit, paving the way for the country’s first fiscal plan in 12 years.

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Daesh leader’s ex-wife tells her tale in court

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The Military Court this week issued a verdict in the case against Saja al-Dulaimi, the former wife of the Daesh (ISIS) leader Abu Bakr al-Baghdadi, ending a controversial trial.

Early morning shooting spree kills three, wounds four

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Residents of a small Beirut neighborhood expressed shock and surprise Tuesday after a local teenager went on an early morning rampage with a shotgun leaving three – including his father – dead and four wounded.

Tuesday, Oct 17

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Torbey: Arab banks complying with anti-terror-funding rules

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A leading banker Tuesday expressed concern about the reluctance of American banks to deal with Arab lenders despite the fact that the latter have complied with all international standards to combat money laundering and terrorism funding.

Qatari banks to cut dollar sales to foreign lenders

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Some Qatari banks are becoming less willing to sell dollars to foreign lenders amid a lingering regional standoff with a Saudi-led alliance, according to people familiar with the matter.

Threat to Qatari banks’ liquidity fading: Fitch

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The threat to Qatari banks’ funding and liquidity, triggered by withdrawals of foreign deposits amid a Saudi-led boycott of Doha, appears to be fading, Fitch Ratings said Tuesday.

Kurds abandon territory as Iraq government forces advance

The Baghdad government recaptured territory from Kurds across northern Iraq Tuesday, making startlingly rapid gains in a sudden campaign that has shifted the balance of power in the country almost overnight.

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AUB ranked top university in Arab world

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The American University of Beirut has earned the number one spot in the QS Arab Region University Ranking of 2017/2018, a statement from AUB said Monday.

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Iran aircraft deals hang by thread as Trump targets Tehran

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President Donald Trump's hawkish new approach towards Tehran, coupled with banking worries and domestic political turbulence in both countries, are causing growing uncertainty over Iran's $36 billion deal to buy airliners from Boeing,…

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AUB and LF win lawsuits against Al-Akhbar

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Local daily Al-Akhbar was ordered Tuesday to pay LL1,000 to both the American University of Beirut and the Lebanese Forces, after the newspaper was found to have slandered these parties in two separate cases.

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Parliament resumes session on state budget

Parliamentary committee members were re-elected and the 2017 state budget was discussed during Tuesday's parliamentary session, which was headed by Speaker Nabih Berri.

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Daesh defeated in their Syrian capital Raqqa

U.S.-backed militias in Syria declared victory over Daesh (ISIS) in its capital Raqqa on Tuesday, raising flags over the last extremist footholds after a four-month battle

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Beirut mass shooting leaves 3 dead, 3 injured

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A shooting by two teenagers Tuesday morning in the Beirut neighborhood of Zoqaq al-Blat left three dead and three injured, a security source told The Daily Star.

Monday, Oct 16

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Aoun appeals to world leaders on Syria refugee crisis

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Declaring that Lebanon can no longer cope with the presence of Syrian refugees, President Michel Aoun Monday appealed to the international community for help in securing their safe return to their homeland.

Israeli jets strike Syria, circle Lebanon

Israeli warplanes conducted mock raids over south Lebanon Monday night, hours after Israeli warplanes struck Syrian air defense units, local media reported.

Iraqi forces seize Kirkuk from Kurds in bold advance

Iraqi government forces captured the major Kurdish-held oil city of Kirkuk Monday, responding to a Kurdish referendum on independence with a bold lightning strike that transforms the balance of power in the country.

Tapping into Lebanon’s SME potential

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Lebanon isn’t the friendliest environment for businesses of any size, particularly new ones getting off the ground.

Solidere incurs $19 million net loss in first half of 2017

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Real estate giant Solidere recorded a net loss of $18.9 million in the first six months of 2017 compared to a profit of $72.1 million in the same period of last year, the company announced over the weekend.

Busy IPO season beckons for Cairo

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Egypt’s stock market is shaping up to be the Middle East’s hot spot for initial public offerings next year.

Saudi sovereign wealth fund hires real estate head

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Saudi Arabia’s sovereign wealth fund hired the head of Qatar Investment Authority’s real estate arm as chief development officer earlier this year, people familiar with the matter said, as it plans to invest billions of dollars in tourism…

Trump applies his business style to Iran dealings

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Donald Trump is notorious in the business world for stiffing other companies when it’s time to pay the bill – offering partial settlement of what he owes and proposing to negotiate the rest.

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Israeli warplanes conduct mock raids over south Lebanon, hours after incident with Syrian air defense: local media

Israeli warplanes conduct mock raids over south Lebanon, hours after incident with Syrian air defense: local media