Day: June 5, 2023

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Speaker of Lebanese Parliament Calls for Session to Elect President on June 14

Speaker of the Lebanese Parliament Nabih Berri called for a meeting of the Council to elect a president on Wednesday, June 14.

Member of Parliament Michel Moawad announced Sunday withdrawing his candidacy for the presidency in favor of former Minister Jihad Azour.

In this context, Member of Parliament Mark Daou confirmed in a press conference the opposition’s candidacy for former Minister Jihad Azour, indicating that he is the candidate capable of protecting Lebanon from collapse and domination.

These developments come after Hezbollah and Amal Movement’s candidacy of Suleiman Franjieh for the presidency of the Lebanese Republic, while other movements announced the candidacy of Jihad Azour for the presidency.

Lebanon entered a presidential vacuum on Oct. 31 with former Lebanese President General Michel Aoun leaving the presidential palace after the end of his term, without parliament being able to elect a new president within the constitutional deadline that began in early September.

Source: Qatar News Agency

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Dollar Holds Together as US Interest Rates Expected to Continue Longer

The dollar held firm against other major currencies in Asian trading Monday, after a strong jobs report in the US reinforced dealers’ expectations that interest rates will continue to rise for a longer period.

The dollar increased 0.04 against the Japanese currency to 140.01 yen, amid a rise in US Treasury yields for ten years, by more than three basis points, to 3.727 percent in Tokyo.

The euro fell 0.08 percent to USD 1.06995.

The dollar rose 0.17 against the yuan to 7.1202 yuan in foreign trading.

The Turkish lira fell to 21.14 per dollar, close to a record low it reached last week at 21.80 lira per dollar.

Source: Qatar News Agency

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Real Estate Trading Volume Exceeds QR 453 Million During Past Week

The volume of real estate trading in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice during the period from May 28 to June 1, 2023, reached QR 453,314,728.

The weekly bulletin issued by the Department shows that the list of real estate properties traded for sale has included vacant lands, residences, residential buildings, residential complexes, and commercial buildings.

Sales operations were concentrated in the municipalities of Al Rayyan, Al Daayen, Al Wakra, Doha, Al Shamal, Umm Salal, Al Khor and Al Thakhira.

The volume of real estate trading in sales contracts registered in the Real Estate Registration Department at the Ministry of Justice from May 21-25, 2023, reached QR 266,634,542.

Source: Qatar News Agency