AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ ( …
Oman extends suspension of flights from 10 countries
Oman’s Supreme Committee has decided to extend, till further notice, the suspension of incoming flights from ten countries, which are Sudan, Lebanon, South Africa, Brazil, Nigeria, Tanzania, Ghana, …
Lebanon’s Debt-Resolution Challenges Continue, One Year On From Default
A year after Lebanon ’s first sovereign default, the situation in the country has deteriorated sharply. Political paralysis, a dramatic decrease in standards of living and the fallout from the …
Lebanon: Week of protests and unrest as currency falls to record low
Then in January, cash-strapped Lebanon – which hasn’t had a fully functioning government … of dollars could economically cripple consumers, currency exchangers and business owners. “If these …
Protests, roadblocks persist in Lebanon despite president’s call
Demonstrators kept blocking roadways across Lebanon on Tuesday in protest over the country’s financial meltdown and political deadlock, despite a call by President Michel Aoun for security forces to …
Lebanon’s collapse piles strain on army, security forces
Discontent is brewing in the ranks of Lebanon’s security forces over a currency crash wiping out most of the value of their salaries as unrest and crime surge. BEIRUT, March 9 (Reuters) – Discontent …
Lebanon’s collapse piles strain on army, security forces
Discontent is brewing in the ranks of Lebanon’s security forces over a currency crash wiping out most of the value of their salaries as unrest and crime surge. BEIRUT, March 9 (Reuters) – Discontent …
Protesters in Lebanon block roads over worsening poverty
Lebanese protesters set up new road blocks Tuesday to vent anger over political inaction in the face of deepening poverty, but security forces managed to re-open some to traffic. The country has been …
Protesters in Lebanon block roads over worsening poverty
Lebanese protesters set up new road blocks Tuesday to vent anger over political inaction in the face of deepening poverty, but security forces managed to re-open some to traffic. The country has been …
Lebanon paralysed as country awaits indictments
Hariri’s assassination prepares to issue its indictments and Hezbollah makes threats, Lebanon stands still in anxious anticipation …