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Page 67 - அமெரிக்கன் பல்கலைக்கழகம் ஆஃப் பெய்ரூட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Lebanese ration cards considered despite no data on number of poor families

BEIRUT: Subsidized food commodities are disappearing from store shelves minutes after being replenished, as people rush to stores amid talks about lifting subsidies by the end of Ramadan. Caretaker Finance Minister Ghazi Wazni said in early April that the Lebanese Central Bank Gov. Riad Salameh informed him that “Lebanon’s mandatory reserves to fund basic imports will run out by the end of May.” He also warned that “delays in launching a plan to reduce subsidies are costing the country $500 million a month.” On Wednesday, a debate emerged about giving ration cards to struggling families. The card would accompany the lifting of subsidies to provide social safety.

Lebanon s crisis, pandemic hit American University in Beirut

BEIRUT (AP) One of the Arab world’s oldest and most prestigious universities, which endured civil war, kidnappings and various economic crises, is preparing for what may be the biggest challenge in its 154-year history. The American University of Beirut is confronting a global pandemic, a severe recession and the collapse of Lebanon’s currency all at the same time and is planning a series of sweeping layoffs and salary cuts in response. AUB president Fadlo Khuri said the school, whose graduates have risen to be leaders and scholars in the Arab world, will lay off up to 25% of its workforce, close administrative departments and shelve an ambitious project for a major new medical center.

Syria s oil and gas exploration deal with Russia threatens maritime dispute with Lebanon

Syria s oil and gas exploration deal with Russia threatens maritime dispute with Lebanon
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