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Lebanon May Lower Obligatory Reserves Threshold, Says Source

Lebanon May Lower Obligatory Reserves Threshold, Says Source

Lebanon’s central bank is studying lowering the threshold for obligatory foreign exchange reserves in order to continue subsiding key imports next year, as critically low reserves dwindle, an official source familiar with the matter said on Wednesday. Central Bank Governor Riad Salameh met releva

Dubai to Drop Banknotes in Payments

Dubai to Drop Banknotes in Payments

Dubai’s government is seeking to drop banknotes by shifting all payment transactions to secure and easy-to-use cashless platforms.

Saudi Arabia Shows Strong Commitment to Implementing G20 Summit Outcomes

Saudi Arabia has demonstrated the highest levels of commitment in implementing the outputs of the G20 Summit related to cyber resilience, according to the follow-up report. This confirms the great importance the Kingdom attaches to national cybersecurity and its perception that it is a basic goal

French Business Morale Hits Five-Month Low on New Lockdown

French Business Morale Hits Five-Month Low on New Lockdown

French business confidence dropped in November to a five-month low as the country entered a new coronavirus lockdown, hitting the services sector particularly hard, a survey showed on Tuesday. INSEE, the official stats agency, said its monthly business climate index fell to 79 from 92 in October,

G20 Two Summits Proposal Will Contribute to Solving Problems, Addressing Urgent Files

G20 Two Summits Proposal Will Contribute to Solving Problems, Addressing Urgent Files

Political and economic experts have unanimously agreed on the importance of the proposal put forward by Saudi Crown Prince Mohammed bin Salman during his speech to the G20 leaders’ summit on Sunday. Bin Salman has suggested that the G20 summit would be held twice a year, in order to accelerate de

G20 Riyadh Summit Recommendations Highlight Women Empowerment

G20 Riyadh Summit Recommendations Highlight Women Empowerment

The 2020 G20 Riyadh summit, under Saudi Arabia’s Presidency, has emphasized the importance of bridging the gender inequality gap and the need to empower women as a key enabler for economic recovery.

Algerian Energy Minister: Gas Exports to Drop by 4.7%

Algerian Energy Minister: Gas Exports to Drop by 4.7%

Algeria’s gas exports this year are expected to drop by 4.7%, energy minister Abdelmadjid Attar, hit by reduced demand from Europe and competition from cheaper US supplies. The North African country, which derives 95% of its foreign revenue from oil and gas sales, is expected to export 41 billion

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