Lebanon Financial News

Subscribe to enjoy similar stories.Dario Amodei, Sam Altman, Demis Hassabis, Mark Zuckerberg, Elon Musk—a recent Economist article describes them as the small, powerful group of five men who will determine the path along which artificial intelligence (AI) evolves. Their fellow AI pioneer Geoffrey Hinton, who invented the neural network system that enables AI models to learn like humans, quit Google in 2023 to alert the world that while further development of AI could lead us to a utopian future, it could equally lead us to a dystopian one.

Subscribe to enjoy similar stories.IN THE RUN-UP to Israel’s independence day, the motorway between Jerusalem and Tel Aviv is always festooned with flags. But this year, between the blue-and-white Israeli pennants hangs a another kind of star-spangled banner: that of America. Israel’s government had hoped that Donald Trump, the American president, would arrive on April 22nd to celebrate the 78th anniversary of its independence.

Subscribe to enjoy similar stories.RIYADH, Saudi Arabia—Iraqi militias backed by Iran launched dozens of explosive drones at Saudi Arabia and other Gulf states during more than five weeks of fighting, in what is becoming a shadowy war within a war pushing some of the world’s largest oil producers toward open conflict.According to at least one Saudi assessment described by a person familiar with it, up to half of the nearly 1,000 drone attacks on the kingdom came from inside Iraq. They included strikes on a Saudi refinery in the sensitive Yanbu oil hub on the Red Sea and oil fields in the kingdom’s Eastern Province, people familiar with the matter said.Drones launched from Iraq targeted Kuwait’s only civilian airport.

Subscribe to enjoy similar stories.On 17th April Seyed Abbas Araghchi, Iran’s foreign minister, declared that commercial passage through the Strait of Hormuz was “completely open”. Shortly afterwards Donald Trump, America’s president, echoed his words: the conduit was “completely open and ready for business”.

Subscribe to enjoy similar stories.It has been an eventful week – once again dominated by developments around the US-Israel-Iran war.Iran said on Friday (17 April) that the Strait of Hormuz is open. The announcement came almost simultaneously from US President Donald Trump (via Truth Social) and Iranian Foreign Minister Abbas Araghchi (on X).“In line with the ceasefire in Lebanon, the passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep.

Subscribe to enjoy similar stories.New Delhi must act urgently to gather a coalition of like-minded and like-affected countries to conduct diplomacy with the warring parties in West Asia. The goal is not so much to get them to stop fighting but to prevent their war from throwing the Indian and world economy into a severe crisis. US President Donald Trump’s announcement that the US will blockade the Strait of Hormuz for ships headed for or leaving Iran’s ports threatens to impose pain and suffering on hundreds of millions of innocents.

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The turmoil of the last year-and-a half— tariff wars and physical wars (Iran, Gaza, Lebanon, Ukraine), the abduction of a head of state and assassination of another, territorial ambitions and tattered alliances—has led to claims that the Pax Americana of stable global institutions managing commerce and conflict has ended. If that is true, what comes next? This uncertainty has fostered many forecasts of the future of global politics by policy pundits.Consider the analysis of Hal Brands, a historian at Johns Hopkins University and the American Enterprise Institute.

LPG) at about 62%. Fertilizer imports account for roughly 30% of consumption.That headline number masks wide variation across nutrients.

Mint examines how events in Iran will unfold and their implications for India and the rest of the world.Late on Saturday, the US and Israeli forces launched ‘Operation Epic Fury’—a massive military operation that not only killed Iran's supreme leader Khamenei but also 40 senior officials, disrupting the Islamic Republic’s command and control. The strikes happened across 24 of Iran’s 31 provinces. Iran retaliated by firing missiles and drones into Israel and other Arab states in the region.

Subscribe to enjoy similar stories. As President Trump ponders a second military strike on Iran, the relationship between the U.S. and Israel is evolving.

Subscribe to enjoy similar stories. THE LAST time Iran was convulsed by nationwide protests, in 2022, the Arab world was transfixed. The Islamic Republic had spent decades building a network of powerful allies that came to dominate the region.

Israel’s strike on Hamas targets in Qatar in September, the United States began pushing for a ceasefire in Gaza. But with or without one, Israel will continue to pursue expansive goals, redrawing borders in the West Bank, southern Lebanon, and southwestern Syria in ways that could further fracture its neighbors.

Mohammed Shia al-Sudani said in a statement on Saturday, renewing a deal meant to alleviate Lebanon's acute power shortage. Under the heavy fuel oil deal, first agreed in July 2021, Iraq provides the Lebanese government with the fuel in exchange for services including health care for Iraqi citizens. Lebanon then swaps the heavy fuel oil for gas oil that it can use at its power stations. These have operated for decades at partial capacity, but electricity provision deteriorated further during a financial crisis that has hit the state's ability to buy fuel.

Subscribe to enjoy similar stories. Crown Prince Mohammed bin Salman prides himself on strong relations with President Trump, but Mr. Trump’s second term is posing serious dilemmas for the young Saudi leader, known as MBS.

Subscribe to enjoy similar stories. TEN years and a lifetime ago, Binyamin Netanyahu offered a stark vision of the future. Israel’s prime minister told a parliamentary committee that there could never be peace with the Palestinians.

Subscribe to enjoy similar stories. Israeli Prime Minister Benjamin Netanyahu and his new national-security team are planning a major ground offensive in Gaza in the belief that capturing and holding swaths of territory will allow them to finally defeat Palestinian Islamist militant group Hamas, according to people familiar with the government’s thinking. On Sunday, Israel sent infantry into the northern part of the Gaza Strip and areas around Rafah in the south.

Israeli Prime Minister Benjamin Netanyahu's office said it instructed the army to respond forcefully against dozens of targets in Lebanon, where the Iran-backed Hezbollah is based. Israel's army said six rockets were fired toward Metula, a town along the border with Lebanon. Three crossed into Israel and were intercepted. The army said it «cannot confirm the identity of the organisation that fired the rockets.» It said it struck Hezbollah command centres and dozens of rocket launchers. An Israeli strike on the southern Lebanese village of Touline killed five people, including a child, and wounded 10 others, including two children, Lebanon's state-run National News Agency reported. Another Israeli strike Saturday night hit a garage in the coastal city of Tyre, the NNA reported, with one person killed and seven wounded. It was the first attack on the city since the ceasefire took effect November 27. And a strike on Hawsh al-Sayed Ali village along the border with Syria wounded five people, according to the NNA.

No injuries were reported. The Houthis said they fired a ballistic missile at Israel's international airport, the second such attack since the United States began a new campaign of airstrikes against the rebels earlier this week. Over the decades, Israel has developed a sophisticated system capable of detecting incoming fire and deploying only if the projectile is headed toward a population center or sensitive military or civilian infrastructure. Israeli leaders say the system isn't 100% guaranteed, but credit it with preventing serious damage and countless casualties. Here's a closer look at Israel's multilayered air-defense system: The Arrow: This system developed with the U.S. is designed to intercept long-range missiles. The Arrow, which operates outside the atmosphere, has been used to intercept long-range missiles launched by the Houthis as well as those launched by Iran during two direct exchanges of fire last year.

Subscribe to enjoy similar stories. Several high-profile arrests and deportations in recent weeks have sparked fear among visa and green-card holders that they could be targeted by the Trump administration. President Trump has made immigration enforcement a central pillar of his administration.

Rasha Alawieh, a Brown University assistant professor and doctor, was deported over the weekend from Boston to Lebanon after federal agents found pictures of former Hezbollah leader Hassan Nasrallah and Iran’s supreme leader on her cell phone. Despite holding a valid visa and a court order blocking her deportation, she was returned to Paris while re-entering the US, alleging her ties to Hamas. This incident has raised concerns about US Customs and Border Protection's actions and judicial authority.