Jordan’s Capital Bank has begun due diligence on buying Lebanese Bank Audi’s > Iraq and Jordan units in an acquisition that will help the Jordanian bank to diversify and expand domestically and …
Family of late NH man held in Lebanon starts foundation
The family of an American man who was jailed for months in Lebanon over decadesold murder and torture charges that he always denied has started a foundation in his name to …
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.
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 …
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 …
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 …
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 …
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.
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 …
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 …