Lebanon needs IMF technical help, advice on Eurobond

Alain Aoun is a leading figure in the Free Patriotic Movement, the political party founded by President Michel Aoun which named six of the ministers in Prime Minister Hassan Diab’s government. (File/AFP)
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Updated 11 February 2020

Lebanon needs IMF technical help, advice on Eurobond

  • Aoun is a leading figure in the Free Patriotic Movement
  • Parliament Speaker Nabih Berri said Lebanon needed IMF technical help

BEIRUT: Lebanon needs IMF technical assistance and should draw on IMF advice in its decision on whether to pay a forthcoming Eurobond maturity, senior MP Alain Aoun told Reuters on Tuesday, saying this was expected to be the position of his political party too.
Aoun is a leading figure in the Free Patriotic Movement, the political party founded by President Michel Aoun which named six of the ministers in Prime Minister Hassan Diab’s government.
Earlier, Parliament Speaker Nabih Berri was quoted as saying Lebanon needed IMF technical help to draw up an economic rescue plan and a decision on whether to pay a Eurobond maturing in March should be taken based on IMF advice.
MP Aoun said he supported this position.


Saudi Aramco appoints Mark Weinberger to Board of Directors

Updated 05 April 2020

Saudi Aramco appoints Mark Weinberger to Board of Directors

  • Weinberger, who replaces Andrew Gould, also serves as a director on the boards of Johnson & Johnson and Metlife
  • Weinberger was an active member of the US government, having worked across different administrations

DUBAI: Oil giant Saudi Aramco has appointed the former chairman of global firm EY (previously known as Ernst & Young) Mark Weinberger as an independent member to its board of directors, the company said in a statement.

Weinberger, who replaces Andrew Gould, also serves as a director on the boards of Johnson & Johnson and Metlife.

He is a member of several boards of trustees, including the United States Council for International Business (USCIB).

“I am honored to be joining the board of Aramco at this important time in the company’s history and world events,” Weinberger said.

Weinberger was an active member of the US government, having worked across different administrations – from George W. Bush to Donald Trump.