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Sudan Scraps Fuel Subsidies in IMF-backed Reform

Sudan has ended fuel subsidies as part of an IMF-backed reform programme, state media reported Wednesday, doubling pump prices at the risk of stoking popular discontent.

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BDL Issues Circular on 'Fresh Dollar' Withdrawals

Lebanon's central bank said Tuesday that depositors will be allowed to withdraw limited monthly amounts from their foreign currency accounts, nearly 20 months after banks denied them access amid a severe financial crisis.

The move is a small step toward instituting formal capital controls after Lebanese banks arbitrarily imposed policies preventing depositors from accessing their dollar accounts even as the local currency collapsed and a black market thrived.

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Saudi Aramco in Debut Islamic Bond Sale

Saudi Aramco on Monday began its first dollar-denominated Islamic bond sale, state media said, as the energy giant seeks to raise cash to fund its hefty dividend payments.

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Tourists Delight as Spain Opens up to Vaccinated Travelers

Hoards of beaming tourists were flying into the sun-soaked resort of Malaga on Monday after Spain opened its borders to all vaccinated travelers from all over the world. 

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G7 Nations Reach 'Historic' Agreement over Global Corporate Tax

Finance ministers from wealthy G7 nations on Saturday pledged to commit to a global minimum corporate tax of at least 15 percent, rallying behind a US-backed plan. 

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Bonjour! France Welcoming Back (Vaccinated) Tourists

A stroll in Pablo Picasso's footsteps in Montmartre; breathing in the scents of Provence; a walk along D-Day beaches: These and all of France's other attractions will again become easily accessible from next week to most foreign tourists -- if they are vaccinated.

France is putting itself back on the menu as a destination for international visitors who have had COVID-19 jabs. The government announced Friday that it is removing the need for coronavirus tests for vaccinated Europeans. It also is allowing vaccinated tourists from most of the rest of the world, including the United States, much of Asia, Africa, the Middle East and North and central America to come back, if they have a negative test.

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Will Lebanese Banks Pay 'Fresh Dollars' to Depositors?

After the Central Bank issued a memo asking Lebanese banks to pay monthly fresh dollar sums to depositors, questions arose on whether the banks will abide by the decision, especially after they reportedly said in a leaked letter that they lack the ability to do so.

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Ghosn Grilling in Lebanon by French Investigators 'Fair'

A week-long grilling of former Renault-Nissan boss Carlos Ghosn in Lebanon by French investigators was the first "fair" treatment he received since his arrest in Japan, his lawyers said Friday.

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BDL Asks Banks to Pay Monthly Fresh Dollars to Depositors

The Banque du Liban (BDL) -- Lebanon’s central bank -- on Friday issued a memo to Lebanese banks to monthly pay every depositor $400 in “fresh” cash as well as the equivalent of $400 in Lebanese lira at the Sayrafa platform rate.

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Insect Pest Eats into Lebanon's 'White Gold' Pine Nut Trade

The scenic region of Mount Lebanon has long produced pine seed, a regional delicacy, but harvests have collapsed amid an exotic insect infestation experts say is accelerated by climate change.

Lebanon, wedged between the mountains and the Mediterranean Sea, is best known for the iconic cedar tree depicted on its national flag -- but it also has pine trees that make up nearly 10 percent of total forest cover.

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