Omar Tamo

The UAE had its hottest April in over two decades, with temperature rising as high as 46.6°C. Climate change, combined with hot, dry winds blowing off the Saudi desert, led to unusual heat. May is expected to be slightly hotter than previous averages. https://t.co/nicHASY7C2

UAE Foreign Ministry says it will now allow its citizens to travel to Lebanon after taking measures to facilitate movement News comes following a meeting between the presidents of both countries Both sides "expressed aspiration" to improve the level of diplomatic representation

Lebanon lawmakers pass lifting bank secrecy law in regard to the banking sector and another law that allows central bank to print higher denominated banknotes, including 500,000 lira bill or maybe bills in millions of lira.

Lebanon's economy minister said all Lebanese depositors will get their money back over time as part of a recovery program: “the idea is that nobody would lose their money but it may take time, effort.” Lets see how much time (& effort) it would take to cover a $60 billion gap 😅

With oil prices trading at a two-year low, it is time for Lebanon's energy ministry to lock in the price (buy future contracts) for once, instead of only counting on the spot prices It was an opportunity missed during Covid's low prices, so lets see if they will react time this. https://t.co/Z0LWzWXNn4

Talk about safety measures in Lebanese buildings 😀 https://t.co/nAwuFAmkZb

Investors reaction to Lebanon naming ex-HSBC banker Karim Souaid as central bank governor has been negative as government eurobonds dropped following the appointment. These $30 billion defaulted international bonds lost more than 10% of their value over the past month https://t.co/HCjvZC5PVa

Lebanon’s reconstruction and recovery needs are estimated at $11 billion, the World Bank says. Economic cost of the war on Lebanon: $14 billion. Damage to physical structures amounts to $6.8 billion. Housing damages at $4.6 billion. Real GDP shrank 7.8% in 2024. https://t.co/Dp2nPthU6o

Bloomberg News is looking for university students, young journalists and anyone interested to join the newsroom in Dubai. The company is offering an internship that could lead to a full-time role for strong candidates. Apply 👇https://t.co/MjKZ9NVRcS

Saudi Arabia and Lebanon are looking into resuming Lebanese exports to the kingdom - via Bloomberg. The two will look into reinstating procedures that would allow Saudi citizens to travel to Lebanon Lebanese President Aoun also invited Saudi Crown Prince MBS to visit Lebanon.

If your home in Lebanon was damaged during the war, has the Lebanese government, any agency or political party contact you for support? My DMs are open for privacy

Hundreds of thousands of mourners attended the funerals of Hezbollah’s longtime chief Hassan Nasrallah and his heir Hashem Safieddine on Sunday, even as Israel escalated airstrikes on Lebanon, the most intense wave of attacks since November’s ceasefire. https://t.co/eDWIB5j4aQ

BlackRock names Michel Aubenas as head of emerging markets fixed income, replacing Amer Bisat, who’s leaving the world’s largest asset manager to become Lebanon’s economy minister - via Bloomberg.

Lebanon’s defaulted eurobonds rallied amid speculation that key government ministers will kickstart economic reforms and debt restructuring, despite the country's daunting challenges These bonds made some of the biggest gains among developing-nation peers https://t.co/ufQSy9245r

Lebanon’s government eurobonds rose about 6.5% to the highest level since 2020 as investors bet on reforms after forming a new cabinet. Bonds gained over 200% in a year. Lebanon defaulted on $30 billion in debt about 5 years ago. They are still far into distressed territory. https://t.co/wnrYFLlxOK

Back to square one. Lebanon's new finance minister says there won't be haircuts on deposits, reviving old statements by policymakers that broke down attempts to fix the financial sector Wonder how Lebanon will fill an $80 billion hole - 4x size of economy - without a haircut 😀

Al Jadeed News @ALJADEEDNEWS

وزير المال #ياسين_جابر لـ #الجديد: لا يمكن شطب الودائع والحل يبدأ من مصرف لبنان

Lebanon has appointed Amer Bisat, a BlackRock money manager, as economy minister to help the country recover from a severe financial crisis - Bloomberg. Veteran lawmaker Yassine Jaber was named finance minister. Ex-World Bank specialist Haneen Sayed was named social minister.