Gaza officials: 20 Palestinians wounded at Israeli border

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TOPSHOT - Palestinian protesters run for cover after Israeli forces launched tear gas canisters during a demonstration along the border between the Gaza strip and Israel, east of Gaza city on June 22, 2018. (AFP)
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Palestinian protesters demonstrate as they confront Israeli forces along the border between the Gaza strip and Israel, east of Gaza city on June 22, 2018. (AFP)
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Palestinian protesters demonstrate as they confront Israeli forces along the border between the Gaza strip and Israel, east of Gaza city on June 22, 2018. (AFP)
Updated 22 June 2018
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Gaza officials: 20 Palestinians wounded at Israeli border

  • Gaza’s Health Ministry says 20 Palestinians have been wounded by Israeli fire along the border fence.
  • A few thousand Palestinians attended Friday’s rally near the border with a few dozen venturing toward the fence.

GAZA CITY: Gaza’s Health Ministry says 20 Palestinians have been wounded by Israeli fire along the border fence.
A few thousand Palestinians attended Friday’s rally near the border with a few dozen venturing toward the fence.
Some launched flaming kites at Israel. The devices have destroyed forests and crops and killed animals in recent weeks in Israel.
The militant group Hamas that rules Gaza has led three months of protests that turned violent. Over 120 Palestinians have been killed by Israeli fire.
Israel says it is defending its border and nearby communities and accuses Hamas of using the protests as cover for attempts to breach the fence and carry out attacks.
Rallies are aimed in part at drawing attention to the Israeli-Egyptian blockade imposed after Hamas seized Gaza in 2007.


Lebanon bank deposits up 4% on year

Updated 15 November 2018
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Lebanon bank deposits up 4% on year

BEIRUT: Bank deposits in Lebanon have risen by 4 percent on the year, Central Bank Governor Riad Salameh said on Thursday, and he maintained his economic growth outlook for 2018 at 2 percent.

In July Salameh had said he expected bank deposits to grow by more than 5 percent in 2018.

In October the World Bank and the International Monetary Fund (IMF) halved their growth outlook to one percent for Lebanon, where public debt is about 150 percent of gross domestic product.

“Lebanese banks have succeeded in maintaining foreign exchange inflows into their sector supported by (the central bank),” Salmeh said in a televised speech at a Beirut economic conference.

With growth low and traditional sources of foreign exchange — tourism, real estate and foreign investment — undermined by years of regional tension, Lebanon increasingly relies on dollars expatriate Lebanese deposit in local banks.

The banks buy government debt, which finances the country’s eye-watering public debt and twin deficits.

The central bank also brings in dollars through complex financial operations with local banks to boost foreign currency reserves needed to defend the Lebanese pound’s peg to the dollar.

However, deposits have been growing at a slower rate since war broke out in neighboring Syria in 2011, and deposit growth rates are closely watched.