(2020-08-25). Lebanese c.bank says can't use obligatory reserve to finance trade. yenisafak.com The Lebanese central bank cannot use its obligatory reserve to finance trade once it reaches its minimum threshold, governor Riad Salameh was quoted as saying on Tuesday, after an official source said the central bank could only sustain subsidies on basic goods for three months.In an interview with the French edition of the Saudi-owned Arab News, Salameh also said he supported a proposal by French President Emmanuel Macron to send experts from the French central bank, Bank of France, to audit the Lebanese central bank.The Lebanese central bank's intention is for depositors to recuperate their money, Salameh said,…
(2020-08-25). Virus claims 77 more lives in Iraq, 31 in Saudi Arabia. yenisafak.com Health authorities in Iraq, Saudi Arabia and Kuwait confirmed more fatalities and infections related to the novel coronavirus on Tuesday.The Iraqi Health Ministry said 77 people died from COVID-19 over the past 24 hours, pushing the nationwide death toll to 6,596.The virus has also sickened 3,962 more people, bringing the total cases to 211,947, including 153,761 recoveries.In Saudi Arabia, the Health Ministry recorded 31 more deaths and 1,114 new cases over the past day.The kingdom's count now stands at 3,722 deaths and 309,768 infections as well as 283,932 recoveries.Meanwhile, the Kuwaiti Health Ministry regis…
(2020-08-23). Saudi-led coalition intercepts rebel drone from Yemen. yenisafak.com The Saudi-led coalition said on Sunday it had intercepted an explosives-laden drone fired by Yemen's Houthi rebels towards Saudi Arabia.Coalition spokesman Col. Turki al-Maliki said the drone was shot down over Yemen, without giving any further details, according to the Saudi SPA news agency.On Saturday, the coalition said it had destroyed a bomb-laden drone ballistic missile fired by Houthi rebels towards the kingdom.Meanwhile, the Houthi group accused the Saudi-led coalition of dropping cluster bombs over the Bajil district in the western al-Hudaydah province.The news was carried by the Houthi-run Al-Masira tel…