Lebanon: Mikati Says Central Bank Governor Should Stay for Now

A view shows the Central Bank building, in Beirut, Lebanon November 12, 2020. REUTERS/Mohamed Azakir
A view shows the Central Bank building, in Beirut, Lebanon November 12, 2020. REUTERS/Mohamed Azakir
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Lebanon: Mikati Says Central Bank Governor Should Stay for Now

A view shows the Central Bank building, in Beirut, Lebanon November 12, 2020. REUTERS/Mohamed Azakir
A view shows the Central Bank building, in Beirut, Lebanon November 12, 2020. REUTERS/Mohamed Azakir

Lebanon's Prime Minister Najib Mikati said on Tuesday that central bank Governor Riad Salameh should remain in position for now despite embezzlement probes against him at home and abroad.

Speaking to reporters, Mikati said "one does not change their officers during a war" in reference to Salameh, adding that he would wait for the results of investigations.

Salameh has denied any wrongdoing or taking a penny of public funds.

According to Reuters, Mikati also called for a national dialogue on foreign policy and for improving ties with Arab Gulf countries.

Mikati's government, which is focused on restarting talks with the International Monetary Fund to unlock much-needed foreign aid, has not met since Oct. 12, due to a dispute over a probe into last year's deadly Beirut port blast.

Mikati said that although he bears responsibility for the government's failure to convene, he will not call for a meeting that could lead the government to unravel.

"I've held back on calling for a meeting so matters won't become more complicated," he said.



TotalEnergies Reportedly Considers Foray Into Copper Trading

FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa
FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa
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TotalEnergies Reportedly Considers Foray Into Copper Trading

FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa
FILED - 21 January 2022, Berlin: The logo of the energy company TotalEnergies is pictured at one of its gas stations in Berlin. Photo: Fabian Sommer/dpa

France's TotalEnergies is considering a move into trading copper, expanding its oil trading operations into metals to capitalize on the global energy transition, the Financial Times reported on Sunday.
The oil major has been "studying the case" for trading copper, Rahim Azouni, senior vice president of crude, fuel and derivatives trading, told a closed-door conference in London on Wednesday, the FT said.
Azouni said the company has not decided whether to make move, the newspaper said, citing people who had heard his remarks.
TotalEnergies did not immediately respond to Reuters request for comment.
The company would be following Vitol, the world's top energy trader, which this year diversified into metals trading.
The energy transition, which includes electric vehicles and renewable energy technologies, will need large volumes of metals including aluminium, copper, nickel cobalt - providing lucrative opportunities for traders.