Levant MENA Edition
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Finishing budget more important than "futile debate": Lebanon's Jumblatt
Lebanon's government once again missed a self-imposed deadline to agree the state draft budget, scheduling a final session for Friday.
Jordan issues new tender to buy 120,000 tonnes wheat- trade
The tender deadline is May 28.
'Renewable energy development projects in Jordan to achieve goals ahead of schedule'
Overall renewable energy contributions to the national power mix will increase to 20%, says minister
Turkey cuts duties on some US goods by half
The move came after the U.S. government announced that it decreased tariffs on Turkish iron and steel imports to 25% from 50% last week
Jordan's PM follows up on pending PPP projects, challenges
Proposals were put forward to speed up tender floating procedures
UAE welcomes 'Peace to Prosperity' economic workshop hosted in Bahrain along with U.S.
UAE reiterated its support for the establishment of a Palestinian state with East Jerusalem as its capital
Jordan makes no purchase in tender for 120,000T wheat: trade
Only three trading companies took part: CHS, Nibulon and Ameropa.
Lebanon finance minister says no need for more talks over draft budget
But Foreign Minister Gebran Bassil, however, suggested the debate may go on. "The budget is done when it's done," he told reporters.
Yemen’s Houthi drone targeted civilian facility - Saudi coalition
Houthi also targeted an arms depot at Najran airport in Saudi Arabia
Lebanon's ministers give ‘austerity’ budget teeth with deep cuts
The cuts came during the Cabinet’s 16th session on the budget, chaired by Prime Minister Saad Hariri, in which ministers sought to further slash public spending
Insights
Indebted Lebanon may struggle to refinance as austerity budget makes slow progress
Outright default can likely be averted in the short-term by a government financing manoeuvre involving the central bank and local banks
