Today News


Turkey's Albayrak says will not fight markets, aims for effective cenbank: NTV

Turkey will not fight with markets but instead pursue a win-win relationship with them, Finance Minister Berat Albayrak was quoted as saying on Sunday, adding that he aimed for an effective central bank in the coming period.


Bou Assi calls for probe into alleged housing loan mismanagement

Lebanon's caretaker social affairs minister has called for a transparent investigation into allegations that subsidized housing loans for limited-income individuals were being granted to unqualified people or invested in other sectors, the…


Turkish finance minister sees promising outlook for economic growth: Anadolu

Turkey is continuing its strong economic growth trend and the foundations of its economy are strong, new Finance Minister Berat Albayrak was quoted as saying by state media on Sunday.


Magnitude 5.9 quake injures nearly 130 in western Iran

A magnitude 5.9 earthquake hit western Iran on Sunday, injuring at least 128 people, hours after two quakes struck Hormozgan province in the south, state television reported.

Israel evacuates 800 White Helmets to Jordan in face of Syria advance

Israel has evacuated 800 White Helmets rescuers and their family members threatened by advancing Syrian regime forces to Jordan for resettlement in Britain, Canada and Germany, the kingdom said Sunday.

Saturday, Jul 21


Russia contacts Lebanon over joint refugee return committee: source

Russia has contacted Lebanon over forming a joint committee to coordinate refugee returns to Syria in coordination with the United Nations and the United States, a political source told The Daily Star Saturday.


Syrian army pushes into Qunaitra province - state tv, rebels

The Syrian army and its allies made advances in the southwest that bring it closer to the Israeli-occupied Golan Heights border, state television and rebels said.

Friday, Jul 20


Despite Trump, business as usual for spy agencies


The American intelligence community has never faced a problem quite like President Donald Trump – a commander in chief who is suspected by a growing number of Republicans and Democrats of deferring to Russia’s views over the…

Dubai recipe for economic success looks stale

In Dubai’s posh Jumeirah Beach Residence district, luxury apartment rents are down about 15 percent from a year ago – a sign, some fear, that the wealthy emirate’s recipe for economic success is getting stale.

Saudis second-guess decision to boost oil output under U.S. pressure


Under pressure from U.S. President Donald Trump, Saudi Arabia has rushed to boost oil production – only to discover that global markets might not yet need it.


Four Palestinians and Israeli soldier killed in Gaza

BEIRUT: Four Palestinians and an Israeli soldier were killed in Gaza Friday raising fears of another war between the Jewish state and Hamas.


6 Hezbollah fighters return to Lebanon after leaving besieged Syrian town

Hezbollah Secretary-General Sayyed Hasan Nasrallah phoned six Hezbollah fighters as they returned to their homes in Lebanon Friday from the long-besieged Syrian towns of Al-Foua and Kefraya, local media reported.

Thursday, Jul 19


Chinese president visits UAE in push to increase influence


Chinese President Xi Jinping arrived in Abu Dhabi Thursday on his first trip to the United Arab Emirates as the leader of China at a time when the two countries have been looking to strengthen trade ties and expand investment.

Bankers allay concerns on pound devaluation

Rumors surrounding the eventual devaluation of the Lebanese pound has kept growing in the past few weeks, despite the repeated assurances by Central Bank governor Riad Salameh that the national currency is stable, and will remain stable.

GE’s power unit faces competition in Saudi Arabia

One of General Electric Co.’s largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation.


China, UAE announce new trade zone ahead of Xi visit

China and the UAE have signed an agreement to build a new trade zone in Dubai, the Emirates' state-owned port operator said Thursday ahead of President Xi Jinping arriving in Abu Dhabi.


Salameh: Monetary conditions stable

Central Bank Governor Riad Salameh said Thursday that monetary conditions in Lebanon were stable and that the country could expect two percent growth this year.


Saudi Aramco evaluating stake in SABIC chemical firm

Saudi Arabia's state-owned oil company Saudi Aramco says it is evaluating whether to purchase a stake in the Saudi petrochemical maker SABIC, a move that could increase its value ahead of an initial public offering.


Syria's Assad set to recover Golan frontier as surrender deal agreed: sources

President Bashar Assad is set to recover control of the Syrian frontier with the Israeli-occupied Golan Heights in a major victory over rebels who have agreed to surrender terms, sources on both sides said Thursday.

Wednesday, Jul 18


Grand mufti backs Hariri as Aoun ‘annoyed’


Lebanon’s Grand Mufti Sheikh Abdel-Latif Derian Wednesday threw his weight behind Prime Minister-designate Saad Hariri following reported tensions between Hariri and President Michel Aoun over the delay in the formation of a new government.

Raad blasts Sayyed after Amal remarks


Hezbollah MP Mohammad Raad implicitly blasted MP Jamil al-Sayyed after the latter was critical of the Amal Movement, headed by Hezbollah’s ally, Speaker Nabih Berri.

Lebanon looks to legalize growing medicinal hash


Speaker Nabih Berri Wednesday told U.S. Ambassador to Lebanon Elizabeth Richard that Parliament is preparing to study and approve legislation to legalize the cultivation of cannabis for medical use, the state-run National News Agency…

Rooftop solar now exceeds 50MW: Khoury

Electrical power generated from rooftop solar photovoltaic systems in Lebanon now exceeds 50 megawatts, said Pierre al-Khoury, general-director of the Lebanese Center for Energy Conservation.

Tuesday, Jul 17

Relics of St. Marina return to Lebanon from Italy


The preserved body of St. Marina the Monk was returned to Lebanon in a glass box Tuesday from Italy’s Venice, in the presence of caretaker Foreign Minister Gebran Bassil and religious representatives.

Trump’s stunning answer to ‘who do you believe?’

President Donald Trump was doing pretty well in Helsinki, really, laying out a modest but achievable agenda for improving U.S.-Russia relations.

Economists warn Cabinet formation delay will hurt

Prime Minister-designate Saad Hariri is racing against the clock as he intensified consultations to form a Cabinet that is expected to tackle a wide range of issues – perhaps most importantly stimulating the stagnated economy and…

Bahrain bond rally fizzles out as Gulf bailout elusive


Bondholders’ relief over a Gulf pledge to prop up Bahrain’s struggling economy has given way to anxiety now that three weeks have passed without any sign aid is on the way.

Abu Dhabi firm challenges bid for Abraaj unit


A unit of Abu Dhabi Financial Group has made a fresh offer for the rights to manage Abraaj Group’s funds, challenging a bid from Cerberus Capital Management LP, according to people familiar with the matter.


Ain al-Hilweh gunfire kills teen on vacation with family


A stray bullet Monday from a Palestinian refugee camp in south Lebanon took the life of a 17-year-old expatriate spending his summer vacation in Sidon.

Monday, Jul 16


Putin must wonder what else America knows about Russia

When President Vladimir Putin sat down at the table in Helsinki Monday, he surely had in the back of his mind some intelligence worries that had nothing to do with the U.S. president seated across from him.