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Russian Shares Slump as all Trading Resumes

Russian shares have slumped as its stock market resumed trading of all companies after a monthlong halt following the invasion of Ukraine.

The benchmark MOEX index slid 2.2% Monday after the Moscow Exchange reopened for all of its several hundred listed companies, but with restrictions still in place to limit volatility.

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Was It Worth It? F1 Race in Saudi Arabia Raises Questions

When a missile flew into an oil depot close to the track hosting the Saudi Arabian Grand Prix, discussions among Formula One teams and drivers switched from human rights to personal safety.

The big question: Was it safe to remain in Jiddah and compete in the second race of the F1 season after Friday's attack about 11 kilometers (seven miles) away?

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Prosecution Reverses Judge Aoun's Bank Transfers Order

The public prosecution on Monday reversed an order issued by Mt. Lebanon Prosecutor Judge Ghada Aoun that had barred six Lebanese banks from transferring and shipping money out of the country, LBCI TV said.

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BDL Memo Allows Public Sector Workers to Withdraw Salary Unrestrictedly from Banks

Central Bank Governor Riad Salameh issued Monday a decree that allows public sector workers to withdraw their entire salaries from the banks, with no restrictions.

The statement said that all banks must secure the needed liquidity to allow public sector workers to withdraw their entire monthly salaries, additional compensations, social assistance, and payments from their solidarity funds.

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UAE Energy Chief Doubles Down on OPEC Alliance with Russia

The United Arab Emirates' energy minister doubled down Monday on an oil alliance with Russia that's helped buoy crude prices to their highest in years as Moscow's war on Ukraine rattles markets and sends energy and commodity prices soaring.

The minister said Russia, with its 10 million barrels of oil a day, is an important member of the global OPEC+ energy alliance.

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Food, Energy Prices Soar, Pushing Crisis-Hit Lebanon to the Brink

Layal Aswad was already exhausted by Lebanon's devastating two-year economic collapse. Now, as Russia's invasion of Ukraine sends food and energy prices soaring even further, she finds herself struggling to put food on the table for her family of four.

"Even bread is not something we take for granted anymore," said the 48-year-old housewife, standing recently in a supermarket aisle in front of gallons of cooking oil whose prices had risen to an all-time high.

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Meat Off the Menu in Crisis-Hit Lebanon as Poverty Bites

Layla Ibrahim has cut down on her daily meat consumption, not because of a health fad but forced by Lebanon's bruising economic crisis.

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Miqati Expects Progress in Talks with IMF

Talks between the Lebanese government and the International Monetary Fund over an economic recovery plan should make progress in the next two weeks, Prime Minister Najib Miqati said Saturday.

Speaking to reporters in Qatar, where he is attending the Doha Forum, Miqati said an IMF delegation will resume talks with the government in Beirut on Tuesday over the country's economic meltdown that began more than two years ago.

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UK Embassy 'Deeply Concerned' by Lebanese Banks Closure of Accounts Belonging to Britons, UK Residents

The British Embassy in Beirut has announced that it is "deeply concerned" by the closure by some Lebanese banks of certain accounts belonging to account holders in Lebanon who are nationals or residents of the United Kingdom.

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Judge Aoun Asks Customs to Prevent 6 Banks from Sending Money Abroad

Mount Lebanon Prosecutor Judge Ghada Aoun on Thursday issued an order asking the Customs administration to prevent six Lebanese banks from sending money abroad, al-Jadeed TV said.

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