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Schedule of panels for Middle East Clean Energy 2022

Yes in Beirut this September, MIDDLE EAST CLEAN ENERGY 2022

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Money transfer firms replace banks in crisis-hit Lebanon

Like many people in crisis-hit Lebanon, Elias Skaff used to wait for hours to withdraw cash at the bank but now prefers money transfer companies as trust in lenders has evaporated.

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World food prices fall for fifth month in a row

World food prices have fallen for a fifth consecutive month, partly thanks to the resumption of exports from Ukraine's Black Sea ports, a U.N. agency said on Friday.

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European equities stage rebound before US data

Europe's stock markets rose Friday before key U.S. jobs data, after diving the previous day on fears of an inflation-induced recession.

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Lufthansa flights grounded as pilots up pressure over pay

Hundreds of Lufthansa flights were canceled Friday as pilots staged a one-day strike to press their demands for better pay and conditions at Germany's biggest carrier.

The airline said about 800 flights were grounded at its two biggest hubs, Frankfurt and Munich, due to the walkout. More than 100,000 passengers would be affected, it said.

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Ship carrying Ukrainian corn briefly stranded in Istanbul

A cargo ship carrying tons of grain from Ukraine was stranded in Istanbul's Bosporus and had to be rescued early Friday.

Turkey's Directorate General of Coastal Safety tweeted that the 173-meter cargo ship was stuck off the coast of the scenic Bebek neighborhood late Thursday because of a rudder malfunction. The busy strait was closed to traffic for the rescue by coastal safety boats. The Panama-flagged Lady Zehma was towed and the strait re-opened.

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Lebanese currency crashes below 35,000 against dollar

The Lebanese pound hit a new low against the U.S. dollar on the black market Friday, as it crashed below 35,000, reaching 35,500.

For decades, the Lebanese pound was pegged to the dollar at 1,500.

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Global stocks selloff intensifies on recession fears

Global stock markets sank Thursday, propelled by rampant inflation and growing recession fears as another major Chinese city went into lockdown.

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Yen sinks to new 24-year low against dollar

The yen plunged to a new 24-year low against the dollar on Thursday as Japan sticks with its long-standing monetary easing policies in contrast to tightening by the US Federal Reserve.

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German gasoline, transport prices jump as subsidies expire

Prices for gasoline and public transport in Germany surged Thursday as government subsidies expired, hurting commuters already struggling with high energy costs, as a senior official warned that the country couldn't rely on Russia to fulfill gas supply contracts.

Germany's biggest auto club, ADAC, said initial estimates indicated that the average price of one liter of E10 super was about 0.25 euros ($0.25) higher in the morning than the previous day. Diesel fuel was about 0.10 euros ($0.10) more expensive, it said.

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