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Salameh Says 'No Parallel Market' for Dollars in Lebanon

Central Bank Governor Riad Salameh reassured Monday that there is no “parallel market” for U.S. dollars in Lebanon.

“Banque du Liban is continuously supplying the Lebanese markets with dollars for steady prices,” said Salameh in remarks to the second UAE-Lebanon Investment Forum in Abu Dhabi.

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Israeli Force Tries to Nab Shepherd from Border Area

An Israeli patrol on Monday attempted to kidnap a shepherd from the outskirts of a Lebanese border town, Lebanon’s state-run National News Agency said.

NNA said the four-soldier patrol tried to nab the shepherd M.H. in the Saddanet al-Rous area in the outskirts of the Hasbaya district town of al-Hibbariyeh.

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Aoun: Lebanon Has Ability to Confront Domestic, External Pressures

President Michel Aoun on Monday reassured that Lebanon will “overcome the difficult economic circumstances that it is currently going through.”

“The measures that are being taken on the economic and financial levels will revitalize the national economy and the productive sectors,” Aoun said during a meeting with Archbishop Joseph al-Zehlaoui, the Metropolitan of the Antiochian Orthodox Christian Archdiocese of North America.

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Geagea Calls Upon Ministers of the Majority to Resign

Lebanese Forces leader Samir Geagea called upon ministers of the majority to resign from the government in order to make way for another lineup that would make a different approach to the current situation, the National News Agency reported on Monday.

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Premier Says Govt. Rejects Hostile Activities to Gulf Countries

Prime Minister Saad Hariri said in remarks he made to WAM news agency that the Lebanese government is against any activities hostile to Arab and Gulf countries.

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Hariri Urges UAE Investments in Lebanon

Prime Minister Saad Hariri on Monday said at the UAE-Lebanon investment forum in Abu Dhabi that Lebanon still has a chance despite the difficult conditions it is enduring, noting that the Lebanese and UAE investment forces can do wonders together in Lebanon.

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Chammas Warns of New 'Big' Taxes Ahead

Nicolas Chammas, president of the Beirut Traders Association and general secretary of the Lebanese Economic Organization warned of a new batch of taxes prepared "in secret" that could aggravate the economic burden on the private sector and affect the whole Lebanese, al-Joumhouria daily reported on Monday.

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Hariri in UAE for Official Talks, Investment Forum

Prime Minister Saad Hariri arrived Sunday in Abu Dhabi for a two-day official visit to the UAE.

During the visit, Hariri will meet with the Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed al-Nahyan and will participate Monday in the UAE-Lebanon investment forum, sponsored by the UAE Ministry of Economy and the Abu Dhabi Chamber of Commerce, at the St. Regis Hotel, his office said.

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Geagea from Canada: Lebanon a Bus without Driver

Lebanese Forces leader Samir Geagea has described Lebanon as “a bus without a driver,” in remarks during a speech in Canada.

“There are currently two imminent threats to Lebanon: the first is a security-military-strategic threat, seeing as Lebanon is currently like a bus without a driver, which is being driven by someone other than the one behind the steering wheel, and we don’t know where he’ll take us,” Geagea told the LF’s 23rd North American convention in Canada.

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Gas Station Owners Call Off Strike after Solution to Dollar Crisis

The syndicates of fuel station owners and fuel tanker owners and a representative of fuel distributors on Sunday called off a strike previously scheduled for Monday after a settlement was reached with fuel importers over the currency that should be used in transactions.

At a press conference, the head of the syndicate of fuel station owners, Sami al-Brax, thanked President Michel Aoun, Speaker Nabih Berri and Prime Minister Saad Hariri for “their efforts in reaching this solution.”

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