Clients can also set up accounts to deposit money, which is then used to finance the loans. The association operates under Islamic rules forbidding interest. Lebanon’s economic and financial crisis is …
Will a currency board help resolve Lebanon’s financial crisis?
Plans to establish a currency board in Lebanon in a bid to help resolve the ongoing financial crisis has been met with division among economists. Opponents of the proposal, promoted by Steve H Hanke, …
Lebanon Must Enact Drastic Reforms to Survive, Economists Say
The COVID-19 pandemic is inflaming an already severe crisis of inequality across the globe, according to a report released by aid group Oxfam International. Lebanon, now ravaged by economic, political …
Lebanon Must Enact Drastic Reforms to Survive, Economists Say
The COVID-19 pandemic is inflaming an already severe crisis of inequality across the globe, according to a report released by aid group Oxfam International. Lebanon, now ravaged by economic, political …
UPDATE: Lebanon businesses asks for donations for kids who lost mothers in house fire
Two Lebanon businesses are taking collections for the kids who lost their mothers in a house fire on Saturday night.
Syrian refugees in Lebanon are under pressure as never before. But they say Syria is still too unsafe to return.
Syrians have long struggled in Lebanon, where around a million refugees make up some 20 percent of the population. But 2020 brought a new cascade of problems. The country’s fina …
Fatal house fire in Lebanon kills two, displaces others
Two women died in a house fire on N 11th Street in Lebanon Friday morning according to Lebanon City Fire Department.
In Lebanon, Israeli warplanes terrify a traumatised population
Violation of Lebanese airspace by low-flying Israeli jets brings back memories of deadly explosion at Beirut’s port.
Lebanon’s iconic cedar trees blanketed with snow
A winter storm passing through Lebanon left the nation’s iconic cedar trees covered with snow at the Tannourine Cedar Forest Nature Reserve.
Lebanon’s health service near collapse with case numbers beyond ‘wildest predictions’
The head of Lebanon’s main coronavirus hospital has said the country’s health system is close to collapse – with not enough beds, drugs, oxygen, ventilators or staff.