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Tag: Lebanon

Posted on September 13, 2020

First-round victory in High Court may open floodgates to billions of dollars’ worth of claims against Lebanon’s crisis-torn banking system

Lawyers acting for Bilal Khalifeh, a UK resident with Lebanese nationality, persuaded the court that it has jurisdiction over Blom Bank of Beirut.

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Posted on September 12, 2020

Foreign workers stranded in Lebanon without hope as coronavirus, currency crises bite

Already suffering due to the Lebanese pound exchange rate, many foreign workers find themselves on the streets without a salary after the port explosion and coronavirus hit the economy hard …

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Posted on September 12, 2020

IMF’s discussions with Lebanon focused on audit of central bank’s balance sheet

Gerry Rice, the IMF’s director of communications and spokesman said the audit will also help “assess the impact of the central bank’s financing of government operations and the central bank’s …

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Posted on September 12, 2020

France tries forcing change on Lebanon’s politicians

During his visit this month, French President Emmanuel Macron gave Lebanon’s politicians a road map for policy changes and reform, set deadlines for them to take action and told …

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Posted on September 11, 2020

IMF ready to help blast-hit Lebanon once new government in place

The tragedy devastated entire districts of Beirut and left at least 190 people dead and more than 6,500 injured. Rice welcomed Lebanon Finance Minister Ghazi Wazni’s announcement on Wednesday that he …

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Posted on September 11, 2020

The US is missing an opportunity in Lebanon

The US government should step up aid and follow the lead of NGOs that deliver assistance directly to Lebanon’s people.

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Posted on September 10, 2020

Lebanese Army Says Shot Down Israeli Drone That Crashed in Lebanon

Lebanese Army Says Shot Down Israeli Drone That Crashed in Lebanon “There is no risk of breach of information,” an Israeli army spokesman said, offering no further details. The Lebanese army said in a …

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Posted on September 9, 2020

Experts: Lebanon blast brings foreign insistence on reform

Weeks after the blast that devastated Beirut, foreign aid may have helped prevent Lebanon’s collapse and avert a civil war, experts told UPI. But further efforts to help resolve its economic crisis …

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Posted on September 9, 2020

Sri Lanka tea storm swirls around Lebanon president

Lebanon’s President Michel Aoun has come under fire after it emerged that tea donated by Sri Lanka for victims of the Beirut blast was distributed instead to families of his presidential guards.

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Posted on September 8, 2020

Displaced Syrians look for way out of a Lebanon in conflict

Economic meltdown, protests and the devastating explosion in the heart of Lebanon’s capital in August: Many Syrian refugees in Beirut are deeply worried. To finally get out of Beirut — that is their …

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