BEIRUT,  (Xinhua) — Lebanese central bank’s foreign exchange reserves increased by 1.4 billion U.S. dollars during the second half of August to reach 38.66 billion dollars at the end of the month. “This increase is due to the influx of deposits from the non-resident private sector directly to the central bank,” a statement by the […]

 (UPI) — The U.S. Treasury Department sanctioned a Lebanese bank for connections to Hezbollah on Thursday. The agency announced the sanctions against Jammal Trust Bank and its subsidiaries for “brazenly enabling” the financial activities of Hezbollah, which the United States has designated as a terrorist organization. “Corrupt financial institutions like Jammal Trust are a direct […]

by esquireme.com –Chris Cotonou– It might be nothing, or it might just be the perfect metaphor. On a usually busy corner of Armenia Street in Beirut, a mural depicting the iconic Lebanese singer Fairuz is now semi-hidden, obscured by plant pots, chairs and scribbled graffiti. I point it out from a busy bar across the street and Salma, a 22-year-old Beirut student, half-smiles and muses “I hadn’t noticed it before, but I’m not surprised.” The short pause in our conversation is replaced with a pulsating American club track bluring out of the bar’s speakers. “Not a lot of people my age would admit they listen to Fairuz these days. She is our parent’s generation,” says Salma. The street art is the work of Yazan Halwani who—along with other artists such as Sabah and Khalil Gibran—sought to fill Beirut with murals of Lebanese cultural icons they believed would inspire and unite the next generation. As the Arab-world’s best-selling singers Fairuz is undoubtedly one of those icons. In Lebanon and abroad she remains a representative of the country’s identity. As Halwani once put it “she’s a symbol of Lebanese identity not soured by sectarianism”. “Not a lot of people my age would admit they listen to Fairuz these days. She is our parent’s generation”

As a transcendent star stitched into the tapestry of Arabic pop-culture, her popularity has spawned a rather unique tradition where many Lebanese families, taxi drivers, and workers start their days with her music. On Spotify and YouTube you can find popular playlists titled ‘Fairuz Morning Songs’ created specifically for this ritual. Although, today with the maturing of a new generation, people like Salma believe that perhaps it has now had its time. “That is something our parents do,” she says, “but that won’t be happening in 10 years, at least not in Beirut.” While a shift in tastes is not particularly dramatic—new generations have always sought music styles that will define and differentiate them from their elders—it is Fairuz’s longevity that is impressive. “These days people have no respect for the classics. Kids today would rather listen to trash! They forget what we fought for to get here.” With a career spanning 50 years, and more than 150 million records sold, Fairuz has been three types of icon to three generations: the first during the glamour and optimism of the Golden Age; then to that generation’s children, who either heard her from abroad, or amidst the sounds of sobbing and ammunition; and finally following the war when her image became a de facto matriarch of a new Lebanon looking for reinvention. For three generations, she has remained relevant.

by naharnet.com —Lebanon’s Higher Defense Council on Tuesday stressed “the right of the Lebanese to defend themselves with all means against any aggression,” in the wake of Israel’s latest drone attacks in the country. “This is a right that is enshrined in the U.N. Charter,” the Council added in a statement, emphasizing that “national unity […]

by en.annahar.com —BEIRUT: Lebanese Prime Minister Saad Hariri has described the crash of two Israeli reconnaissance drones over Beirut as a violation and “aggression” against Lebanese sovereignty. He said Sunday that the developments overnight constitute a threat to regional stability and an attempt to push the situation toward more escalation. Hariri’s comments were the first […]

by finance.yahoo.com —Rex Moore, The Motley Fool  — Microsoft (NASDAQ: MSFT) founder Bill Gates was speaking to a group of college students in 2004. According to The New York Times, Gates was a bit concerned about the decline in the number of computer science majors, as well as the notion that the field had matured and there weren’t many breakthroughs left to achieve in the area. One student expressed doubt that there would ever be another tech company as successful as Microsoft. Gates’ reply is eye-opening: ”If you invent a breakthrough in artificial intelligence, so machines can learn, that is worth 10 Microsofts.” He wasn’t kidding…

Fast-forward to today, and of course someone has figured it out. This special kind of artificial intelligence is called machine learning. If anything, Gates was too conservative in his estimates. Experts say the market opportunity is now far, far greater than 10 Microsofts. And Gates isn’t alone in his optimism. Other top business leaders are on board as well. Jeff Bezos, the founder of Amazon (NASDAQ: AMZN), said he thinks this new technology is the key to Amazon’s future. Sun CEO Greg Papadopoulos is calling it “a real revolution.” Even super investor Warren Buffett says that it will have a “hugely beneficial social effect.”

When machines go to college We’ve referred to machine learning before as the beginning of today’s AI explosion. It’s “simply” software that ingests data, learns from it, and can then form a conclusion about something in the world. Thus, the key to understanding machine learning is that it’s software that writes itself. Instead of explicitly programming software what to do, you instead provide it with large amounts of data and let it learn on its own. This allows machine learning to solve problems that earlier software with even billions of lines of code couldn’t have solved. A more powerful subset of machine learning is deep learning, which essentially simulates how neurons in the human brain strengthen connections between one another to learn. If you’re wondering how companies like Amazon, Google, Microsoft, and Facebook have grown to be among the largest in the world, part of the answer is how well they’ve integrated machine learning and deep learning into all aspects of their businesses.

by naharnet.com —Dozens of Lebanese tourists are stranded in Turkey and Georgia after falling victim to a scam pulled off by an unlicensed Lebanese travel agency, Lebanese TV networks reported on Thursday. “After we booked travel tickets and hotel rooms via the New Plaza Tours agency, we realized after arriving in Marmaris that the return […]

by bbc.com —Elissa, one of the biggest pop stars in the Arab world, has announced her retirement, blaming what she called the “mafia-like” music industry. The Lebanese singer surprised fans on Monday by saying that her next album would be her last. She did not explain her mafia comparison, but complained last year about her […]

by aawsat.com —The Lebanese government is expected to begin implementing in October a set of economic and financial measures agreed by its top leadership that will boost economic growth, President Michel Aoun said on Sunday, vowing that he would tend to this himself. He was referring to decisions taken at a top-level meeting earlier this month with the aim of reviving an economy that has been growing slowly for years and is struggling with one of the world’s heaviest public debt burdens.

After the Aug. 9 meeting, Prime Minister Saad Hariri said agreed steps included finishing the 2020 budget on time, drawing up a plan to start $3.3 billion of projects approved by parliament, full implementation of a power sector reform plan, and laws to fight tax evasion and regulate public tenders. “I will personally tend to the implementation path of the decisions of the financial and economic meeting” in cooperation with Hariri, Speaker Nabih Berri and other parties in government, Aoun said. In written comments to Reuters, Aoun said this aimed “to guarantee political stability in cabinet and outside it and to secure the greatest amount of productivity”, including in the implementation of the 2019 budget and its reforms.

By BILL ADDISON – RESTAURANT CRITIC –latimes.com —– I’ve been thinking lately about the ways that cuisines are transformed and reinterpreted when they’re translated from home cooking to a professional kitchen. It was the subject of my newsletter last week, in conversations with food writers Andy Baraghani and Naz Deravian on the subject of Persian restaurant menus. And it was, in essence, the impetus for a recent nine-day trip I took to Lebanon. I’d known Lebanese cuisine only from restaurants I’d reviewed over the years, mostly in Atlanta: mezze of hummus, tabbouleh, labneh (yogurt drained to the thickness of fresh cheese) and fatayer (small savory pies often filled with spiced spinach and pine nuts); falafel and kebabs and shawarma.

About seven years ago I had dinner at the home of a Lebanese American friend, Caline Jarudi, whose parents, Mona and Subhi, were visiting from overseas. Mona prepared a beautiful Lebanese dish of lamb shanks braised in plenty of pomegranate molasses, which matched the meat’s gaminess with its rich, overtly sour-sweet tautness. Caline’s sister, Natalie, made exquisite hindbe — dandelion greens sautéed in olive oil and covered in caramelized onions. Their airy hummus dialed back the garlic and tahini and pushed forward the lemon. This was not how I had experienced Lebanese cooking in American restaurants. It spurred my curiosity and ardor for the cuisine in new ways. At one point Caline suggested I follow the Lebanese Syrian cookbook author Anissa Helou on Instagram. Anissa and I met in London in 2015 and became occasional traveling buddies. We immersed ourselves in the Lebanese restaurants of Dearborn, Mich., the following year; we recently ate through Iranian restaurants together in Los Angeles. As Caline and I have become closer over the years, and I grew to love her family, a trip to Beirut became inevitable. We finally planned the trip this summer as a preamble to her brother Nadim’s wedding, which took place in Estonia. (Tallinn, Estonia, is a story for another time, but: bread.)