The IMF has asked Lebanon to fulfil a string of pre-conditions before negotiating a bailout, four sources briefed on recent talks said, pressing for steps …
IMF’s tough terms deepen doubts over quick Lebanon bailout
The IMF did not immediately respond to a request for comment, nor did the premier’s office or the finance ministry. The IMF said at the end of the talks in February that Lebanon’s economic recovery …
Exclusive-Contracts show Lebanon’s central bank obscured recipients of commissions
BEIRUT (Reuters) – For more than a decade, Lebanon’s central bank charged commercial … two senior executives in the finance industry told Reuters. The contracts seen by Reuters make no reference …
Skiing in Lebanon too steep for most with currency in freefall
BEIRUT (Reuters) – Skiing in Lebanon has long been a luxury for the well-off, but the eastern Mediterranean country’s financial meltdown has thrown most people into poverty and made taking to the …
Lebanon’s ‘zombie banks’ downsize to weather crisis
Abandoned country’ – As a result, the industry has been forced to scale back its operations. In 2019, Lebanon ranked second in the region for bank branches per 100,000 people, according to the World …
Once Lebanon’s center of glamour, Hamra Street goes dark
His business has dropped 75%. Lebanon’s economic meltdown, which began in October 2019, was the culmination of the country’s post-war era. The war’s militia leaders became the political leadership and …
Once Lebanon’s center of glamour, Hamra Street goes dark
His business has dropped 75%. Lebanon’s economic meltdown, which began in October 2019, was the culmination of the country’s post-war era. The war’s militia leaders became the political leadership and …
Lebanon considers new rules to regulate local short-term/vacation rentals
Short-term and vacation rentals can only be operated in the Central Business District in Lebanon now, but city council is considering changes that would allow this to be expanded. During the recently …
Lebanon considers new rules to regulate local short-term/vacation rentals
Short-term and vacation rentals can only be operated in the Central Business District in Lebanon now, but city council is considering changes that would allow this to be expanded. During the recently …
Lebanon business reopens nearly a year after destructive flooding
Several homes and businesses were destroyed after flooding last year, but one Lebanon business made it through and is celebrating a reopening.