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Eurozone Inflation Hits 31-Month High in November

Eurozone inflation rose to a two-and-half year high in November as Europe moved further away from the low consumer prices that have put a fragile economic recovery under threat.

The Eurostat statistics agency on Wednesday said consumer prices in the 19-country currency bloc rose by 0.6 percent this month, the first time it has hit that level since April 2014.

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SGBL and L'Orient-le Jour Reward the Winners of Génération Orient

Six months after the launch of Génération Orient the cultural project, a partnership between SGBL and L'Orient-le Jour, the closing of the first season and the awards ceremony took place at the O1NE in the presence of the artists and a large audience. Painter Hala Ezzedine was handed the 1st prize from SGBL's Deputy CEO Philippe Dubois; dancer Ali Chahrour received the 2nd prize while the 3rd prize was finally attributed to designer Marc Dibeh.

With « Génération Orient », both SGBL, a partner of ‪‎Culture and Youth, and l’Orient-Le Jour, the daily newspaper of reference, are catalysts of young artistic talents, highlighting every month their ‪art and their passion.‬‬‬‬‬‬‬‬‬‬ Thus, during 6 months, we had the chance to know and assess the story and the path of six young artists in various fields: Mir Jean Bou Chaaya (movies), Rayya Morcos (fashion), Hala Ezzedine (painting), Ali Chahrour (dance), Marc Dibeh (design) et Blu Fiefer (music). The winners were then selected with 50% on facebook and 50% by a jury of experts as well as representatives from both OLJ and SGBL.

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OPEC Seeks to Nail Down Oil Output Cut

OPEC sought Wednesday to defy expectations and finalise a deal reducing its oil output for the first time in eight years, in an effort to boost painfully low crude prices.

"As I told you yesterday everyone is working very hard," said Emirati Energy Minister Suhail al-Mazrouei before the start of talks. "I think we are looking at a very positive meeting and hopefully we will tell you the good news when we finish."

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Palestinian Start-Ups Innovate Way Past Obstacles

At first glance, Mashvisor is just one of thousands of websites specialising in US real estate.

But it has a unique feature, undetectable to customers: its designers created it in the West Bank and it is run from the Israel-occupied Palestinian territory. 

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Car Manufacturers to Juice Europe with E-Charging Network

German carmakers BMW, Daimler, Porsche and Audi and U.S. competitor Ford said on Tuesday they would cooperate on a Europe-wide network of electric charging stations.

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Strike Slashes 800 Lufthansa Flights on Tuesday

German airline Lufthansa said it had slashed 800 flights Tuesday as pilots walked out for a 48-hour strike following a four-day stoppage last week in a long-running pay dispute.

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Qatar Emir Pledges $1.25 bn to Support Tunisia Economy

Qatar's emir on Tuesday pledged $1.25 billion (1.18 billion euros) in financial support for Tunisia's struggling economy.

Speaking at an investment conference in Tunis, Sheikh Tamim bin Hamad Al-Thani said Qatar would provide the assistance "to support the Tunisian economy and strengthen its process of development".

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China Puts Brakes on Overseas Spending Spree

Beijing is tightening screening on Chinese companies' overseas investments, according to the government and reports, after a record-setting shopping spree raised concerns of capital flight and reckless spending.

Authorities will "combine facilitating foreign investment with guarding against investment risks" by scrutinising proposed deals, said a statement posted on the website of the National Development and Reform Commission, the top economic planner, without giving details.

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U.N.-Habitat Signs Memorandum of Understanding with Azm & Saade Association

The United Nations Human Settlements Program (U.N.-Habitat) and Azm & Saade Association have signed a Memorandum of Understanding (MoU) in a launching ceremony that took place on Monday, November 28.

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Kuwait to Buy 28 F-18 Warplanes

Kuwait will buy 28 Boeing F/A-18 Super Hornets to replace a fleet of earlier versions of the U.S. fighter jets, a top official said Monday. 

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