World economy at a 'very dangerous juncture': IMF chief

IMF chief Christine Lagarde warned Tuesday that the world economy is at a "very dangerous juncture," speaking of the potential impact on poorer nations during her first visit to Africa as head of the fund.

Gold reserves reflect positively on Lebanon's financial stability: Salameh

BEIRUT: Lebanon’s Central Bank Governor Riad Salameh says Lebanon holds the second biggest gold reserves in the region, resulting in a positive impact on the country's financial stability.

“Lebanon has the second largest gold reserves among countries in the Middle East and we consider this as a pillar of monetary stability in the absence of key natural resources and a safe haven in times of crises,” Salameh reportedly said during a meeting with students of various nationalities who came to Lebanon from Hatron University in the U.S.