The horrific August 4 blast in Beirut has exposed the rotting foundation of Lebanon’s political system to the world. A nation stuck in a government-led Ponzi scheme and spiraling hyperinflation was …
A new exodus from Lebanon after deadly Beirut blast
Many Lebanese families plan to leave the country in search of safety and security following August 4 port explosion.
S&P Downgrades Lebanon Bonds To Default After Missed Payments
S&P Global Ratings maintained the “selective default” or “SD” rating for Lebanon’s foreign debt, after the country first defaulted in March, but three more bonds were cut to “D” from “CC,” the agency …
The $15 billion hit from the devastating Beirut explosion will be a gut-punch to Lebanon’s hobbled economy
“I know that Lebanese people don’t really save money. We can’t afford to have savings for later. We just spend everything we have on necessities.” …
Lebanon’s Beirut Blast Shattered Taboos Around Hezbollah
Hezbollah’s emphatic defence of the political status quo in Lebanon has exposed it since the deadly Beirut blast to levels of public contempt and anger it was once shielded from. The powerful Shiite …
Lebanon braces for strict COVID-19 lockdown after crippling blast
Still in shock and reeling from a horrible blast that killed more than 100 in Lebanon a few weeks ago, the nation braces itself for a strict lockdown that will begin across the country on Friday.
Israel pushes for changes in UN’s Lebanon peacekeeping force
As the United Nations prepares to renew the mandate of its peacekeeping operation in southern Lebanon, Israel is working with Security Council members to push for tough changes in the way the force …
Another unity government won’t solve Lebanon’s crisis
Lebanon’s government resigned on Aug. 10, days after a massive explosion at the Port of Beirut left hundreds dead and hundreds of thousands displaced from their homes. The blast appears to have …
Presence Of Hezbollah In Lebanon Renders National Unity Government Ineffective, Hinders IMF Aid
A proposed National Unity Government (NUG) in Lebanon following the shock resignation of Prime Minister Hassan Diab and his cabinet is expected to be ineffective.
Hizbollah is on shaky ground as Lebanon implodes
Yet this week the Special Tribunal for Lebanon set up by the UN to try in absentia four members of Hizbollah, the Iran-backed and Syria-allied paramilitary movement implicated in the killing, …