INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Reports saying Lebanon president ordered bank raids baseless: Press Office

Lebanon President Michel Aoun.
  • The President's Press Office said this news is fabricated and baseless.
  • The Press Office also denied reports about a meeting held at Baabda Palace.

The Lebanon Presidency Press Office denied the information broadcasted by Al-Jadeed TV on Sunday evening, which claimed that the President General Michel Aoun, “gave permission” to raid a number of banks in the context of investigations of bank lawsuits.

“The Press Office asserts that this news is fabricated and baseless,” the statement said.

Moreover, the Presidency Press Office stated that the meeting held by President Aoun with the Public Prosecutor Judge Ghassan Oueidat was aimed at examining the circumstances of what happened in some banks.

The Press Office also denied reports about a meeting held at Baabda Palace after the decision issued by “Hezbollah” and “Amal Movement” to re-attend the cabinet sessions.