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Finance Committee asks ministry to clarify budget before Tuesday

Head of Finance Committee MP Ibrahim Kanaan said Thursday that the committee has asked the Ministry of Finance to review the state budget for the last time and to submit clarifications before the committee's next session on Tuesday.

Kanaan accused the Cabinet and the Parliament of shifting responsibility, as he urged for "more transparency and less selectivity."

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Mikati hopes for agriculture cooperation with Syria, Jordan, Iraq

Prime Minister-designate Najib Mikati said Thursday that achieving food security is a priority for Arab countries.

Mikati, in an Arab agriculture ministers summit in Lebanon, urged the sisterly Arab countries to support Lebanon during its crisis.

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Ukraine's grain is ready to go. But ships aren't.

Shipping companies are not rushing to export millions of tons of grain trapped in Ukraine, despite a breakthrough deal to provide safe corridors through the Black Sea. That is because explosive mines are drifting in the waters, ship owners are assessing the risks and many still have questions over how the deal will unfold.

The complexities of the agreement have set off a slow, cautious start, but it's only good for 120 days — and the clock began ticking last week.

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Seeking new funds, Hamas raises taxes in impoverished Gaza

Gaza's Hamas rulers have imposed a slew of new taxes on imported clothes and office supplies just ahead of the new school year, sparking limited but rare protests in the impoverished coastal strip.

The move by the militant group comes at a time when Gaza's 2.3 million people are suffering not only from a 15-year Israeli-Egyptian blockade, but also from a new jump in prices caused by global supply-chain issues and the Russian invasion of Ukraine.

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Lebanon to build new silos to ease wheat crisis

Lebanon plans to build two new grain silos to fight its its worsening food security crisis, the country's caretaker economy minister told The Associated Press on Wednesday.

Amin Salam said that several countries and international organizations have expressed an interest in funding and bidding for the new silos, which will cost a total of $100 million.

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Lufthansa strike causes travel turmoil in Germany

Lufthansa passengers faced massive travel disruption Wednesday as a strike led the German airline group to cancel almost all its flights from its domestic hubs in Frankfurt and Munich.

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Boeing profit falls as CEO eyes resumption of 787 deliveries

Boeing reported a drop in second-quarter profits on Wednesday due to the continued travails of the 787, but the company said it was close to receiving regulatory approval to resume deliveries of the plane.

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BASF says chemical plants will operate through gas crisis

German chemical giant BASF, the largest gas consumer in Germany, said Wednesday its factories would continue production on a reduced scale even if supplies of the fuel are rationed.

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Salam says 49,000 tons of wheat to enter Lebanon this week

Caretaker Economy Minister Amin Salam announced Wednesday that “49,000 tons of wheat will enter the country at the end of this week.”

“We should not see queues (outside bread bakeries) after that and we will prosecute whoever wants to fabricate a crisis,” Salam said in a TV interview.

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Aoun: Lebanon committed to reforms, IMF negotiations

President Michel Aoun on Wednesday stressed that “Lebanon is committed to carrying out the necessary reforms in order to continue the negotiations with the International Monetary Fund as part of the economic recovery plan.”

Aoun voiced his remarks in a meeting in Baabda with the new World Bank regional director Jean-Christophe Carret and the outgoing director Saroj Kumar Jha.

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