The U.S. dollar Tuesday traded between 2,800 and 2,850 Lebanese pounds in the exchange market. “The price of the dollar did not change drastically today despite the circular of BDL to set up an electronic platform to determine the price of the dollar,” one exchange dealer told The Daily...

Hedge fund managers sensed oil prices were nearing a turning point last week, and for the first time in more than two months started to add long positions in anticipation prices would bounce from an unsustainable low. Overall, hedge funds and other money managers were still net sellers of...

Saudi Arabia and Russia are "very, very close" to a deal on oil production cuts, Kirill Dmitriev, head of Russia's sovereign wealth fund, told CNBC Monday. "I think the whole market understands that this deal is important and it will bring lots of stability, so much important stability to...

 Lebanese banks are to apply an exchange rate of 2,600 pounds per dollar for withdrawals from small accounts of up to 5 million Lebanese pounds, a central bank source said Monday, in the implementation of a new circular issued Friday. Lebanon is still applying an official peg of...