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Kanaan says MPs have every right to look at forensic audit report

Free Patriotic Movement MP Ibrahim Kanaan asked Tuesday caretaker Finance Minister Youssef al-Khalil for a copy of the Alvarez & Marsal forensic audit report.

The Finance Ministry had last month denied accusations that it has “hidden” the report, claiming that the report is just a draft, that it belongs to the Lebanese government and not the Finance Ministry and that it is confidential.

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Saudi deal for Turkish drones during Erdogan visit

A Turkish firm will provide drones to Saudi Arabia, Riyadh said Tuesday following a visit by Turkey's President Recep Tayyip Erdogan that aims to attract foreign investment.

Several contracts including the drone deal were signed during a meeting between Erdogan and Saudi Crown Prince Mohammed bin Salman in the Red Sea port of Jeddah on Monday, the official Saudi Press Agency (SPA) said.

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Japan's prime minister visits the UAE in Gulf trip on energy, commerce

Japanese Prime Minister Fumio Kishida visited the United Arab Emirates on Monday as part of a swing through the Arab Gulf states focused on energy and commerce.

He met with Sheikh Mohammed bin Zayed Al-Nahyan, the president of the UAE, which will be hosting the COP28 U.N. climate summit later this year.

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G20 finance chiefs meeting in India address global challenges like rising debt

Finance ministers from the Group of 20 nations meeting in India on Monday are poised to address critical global economic challenges, including the threats posed by climate change and rising debt among low-income countries.

The finance minister of India, which is hosting the global grouping, said the G20 will focus on strengthening the global economy as growth remains uneven and below average.

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World shares retreat after China reports weaker than expected growth in 2Q

Shares retreated in Asia and Europe on Monday after China reported weaker growth than forecast in the last quarter. Oil prices fell more than $1 a barrel.

Germany's DAX edged less than 0.1% lower to 16,097.87 and the CAC 40 in Paris declined 0.7% to 7,323.91. Britain's FTSE lost 0.1% to 7,424.61.

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EU, Tunisia announce progress in building economic and trade ties

European leaders and Tunisia's president have announced progress in the building of hoped-for closer economic and trade relations and on measures to combat the often lethal smuggling of migrants across the Mediterranean Sea.

The leaders of Italy, the Netherlands and the European Commission made their second visit to Tunis in just over a month. They expressed hope that a memorandum newly signed with Tunisia during the trip would pave the way for a comprehensive partnership.

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Iraqi premier in Syria for first visit in over a decade to discuss boosting cooperation

Iraq's prime minister has held talks with Syrian President Bashar Assad in Damascus during the first trip of its kind to the war-torn country since the 12-year conflict began.

The two leaders told reporters that they discussed fighting drugs, the return of Syrian refugees and the imperative of lifting Western sanctions imposed in Syria. They also talked about Israel's strikes on the war-torn country and water shortages in the Euphrates River that cuts through both countries because of projects in Turkey.

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Why allowing Ukraine to ship grain during Russia's war matters to the world

Russia has suspended a wartime deal designed to move grain from Ukraine to parts of the world where millions are going hungry.

The Black Sea Grain Initiative, brokered by the U.N. and Turkey, has allowed 32.9 million metric tons (36.2 million tons) of food to be exported from Ukraine since August, more than half to developing countries, according to the Joint Coordination Center in Istanbul.

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Russia halts wartime deal allowing Ukraine to ship grain

Russia halted a breakthrough wartime deal on Monday that allows grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices have pushed more people into poverty.

Kremlin spokesman Dmitry Peskov said Russia would suspend the Black Sea Grain Initiative until its demands to get its own food and fertilizer to the world are met. While Russia has complained that restrictions on shipping and insurance have hampered its agricultural exports, it has shipped record amounts of wheat.

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Chahine says vice governors won't quit, promises transparent exchange platform

Central Bank Third Vice Governor Salim Chahine has confirmed that there will be no “mass resignation” of the bank’s four vice governors.

In remarks to Annahar newspaper published Monday, Chahine also said that the vice governors will not accept to “keep using depositors’ funds to cover the expenses of the state and the Sayrafa platform.”

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