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Cyprus government makes deposit in Co-op Bank ahead of sale

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The Cyprus government deposited Tuesday 2.5 billion euros ($3.1 billion) into the island-nation’s troubled Cooperative Bank in an attempt to dispel any uncertainty over its future. Government Spokesman Prodromos Prodromou said he hoped the deposit, mainly in the form of a bond issue, aimed to protect savers and quash any ...

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Lebanese electoral law 2018

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After years of wrangling, Lebanese lawmakers passed a new vote law in June 2017 that will govern the parliamentary elections slated for May 6, 2018. The move marks a major step forward for the country, as political work had ground to a halt while lawmakers focused solely on agreeing the ...

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UK defense lab: No ID yet for source of nerve agent

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Britain’s defense laboratory acknowledged Tuesday it hasn’t tracked down the source of the nerve agent that poisoned a Russian ex-spy, a statement the Kremlin said proved that British accusations of Moscow’s involvement were baseless. (1 of 4) Russia’s President Vladimir Putin, listens to a reporter’s question during a joint news ...

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Free smart meter installations to reduce water waste in Beirut

مياه عداد

Smart water meters will be installed free of charge in Beirut to help improve water services and reduce wastage, Director General of the Beirut and Mount Lebanon Water Establishment Jean Gebran said in a statement Tuesday. “The installation of the meters and their protective boxes will not involve any [extra] ...

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The inauguration ceremony of King Salman Avenue in Beirut

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A major event Tuesday to open an avenue named after Saudi King Salman at Beirut’ Water Front brought key politicians including Prime Minister Saad Hariri, Lebanese Forces head Samir Geagea and Progressive Socialist Party head Walid Jumblatt. The event, that saw nearby skyscrapers lit up in the colors of the ...

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Machnouk says reelection of Berri not up for debate

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The reelection of Speaker Nabih Berri is not up for debate, Interior Minister Nouhad Machnouk said in a statement released Tuesday. “We are with [Berri] … contrary to what has been reported that the Future Movement will not [vote again] for Berri after the parliamentary elections,” Machnouk said during a ...

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