Source: MENA FN
The official website of the Kataeb Party leader
Security & Justice
Southern Lebanon Endures Massive Damage: 40,000 Homes Leveled Across 37 Towns
Israeli forces have systematically destroyed entire neighborhoods in southern Lebanon, leveling more than 37 towns and wiping out over 40,000 residential units, according to Lebanon's National News Agency.
Tuesday, November 5, 2024
Gaps in Coastal Radar Enabled Israeli Raid in Batroun, Army Commander Says
Lebanon’s army chief, General Joseph Aoun, detailed to Caretaker Prime Minister Najib Mikati how Israeli forces likely exploited gaps in the country's coastal radar system during the recent raid carried out in Batroun. The briefing comes as Lebanese officials seek answers on how Israel’s elite Shayetet 13 unit carried out the landing undetected.
Monday, November 4, 2024
Opinion
The Emptying of Baalbek Is a Moment to Take Stock
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
A Future Without Hezbollah
At the end of September, when Israel’s campaign to destroy Hezbollah was reaching its height, I met one of the group’s supporters in a seaside café in western Beirut. He was a middle-aged man with a thin white beard and the spent look of someone who had not slept for days. He was an academic of sorts, not a fighter, but his ties to Hezbollah were deep and long-standing.
Thursday, October 31, 2024
Sports
Tottenham Forward Son Heung-min Crowned Asia’s International Player of the Year
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 2024
Real Madrid Launch Investigation into Racist Insults After El Clasico Defeat
Real Madrid has launched an investigation into racist insults directed at players during Saturday’s 4-0 home loss to Barcelona in LaLiga, it said on Sunday.
Monday, October 28, 2024
Wednesday 6 March 2024 12:45:46
Gold Prices Decrease, Remain above USD2,100 Per Ounce
On Wednesday, gold prices underwent a slight decrease while managing to maintain a position above the significant threshold of USD2,100 per ounce. This dip followed a surge in speculation around a potential cut in US interest rates anticipated for June, propelling the precious metal to achieve record highs in the preceding session. The market awaited the testimony of Jerome Powell, Chairperson of the Federal Reserve, to gauge insights into the central bank's monetary policies.
Spot transactions indicated a marginal decline of 0.2 percent, settling at USD2,124.46 per ounce by 0229 GMT, while gold futures in the US experienced a 0.4 percent decrease to USD2,132.90. The previous night witnessed spot transactions soaring to an all-time high of USD2,141.59 per ounce, marking the fifth consecutive session of upward momentum.
Amidst economic indicators, the growth in the US services sector exhibited a slight deceleration in February, accompanied by a downturn in employment. Additionally, new orders for manufactured goods in the US saw a more substantial decline than anticipated in January. Concurrently, the yield on the ten-year US Treasury bonds hovered around its lowest point in a month, contributing to heightened demand for non-yielding assets like gold.
Traders' sentiments, as indicated by LSEG's interest rate forecast tool, suggest a growing probability of a 71 percent chance of a US interest rate cut in June, up from 65 percent the previous day. Such a move towards lower interest rates typically amplifies the demand for gold, given its status as a non-yielding asset.
Investor attention remained focused on the commencement of Powell's semi-annual testimony before Congress, aimed at providing insights into the current state and future trajectory of the US economy.
In the realm of other precious metals, platinum experienced a modest decline of 0.1 percent, reaching USD879.46 per ounce, while palladium dipped by 0.2 percent to USD946.51. The price of silver also saw a decrease of 0.4 percent, settling at USD23.59 per ounce.