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Tag: Lebanon

Posted on July 27, 2020

Letter: Central bank has strived to secure Lebanon’s stability

In response to your article (“Lebanon central bank chief in spotlight … the central council board before being submitted to the finance ministry as required by the money and credit code.

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Posted on July 27, 2020

Hezbollah says all-out war with Israel unlikely in coming months

The deputy leader of Lebanon’s powerful Hezbollah movement on Sunday dismissed the prospect of an escalation of violence between the Iran-backed movement and Israel despite increased tensions in the …

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Posted on July 26, 2020

US envoy Hook says Iran backs terrorists in Yemen, Gulf, Lebanon

US Special Representative for Iran Brian Hook has stressed that Tehran authorities pose a threat not only to countries in the Gulf region, but also to their people. In an interview with Asharq Al …

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Posted on July 26, 2020

Clubs and hotels of Lebanon’s corrupt elite spew sewage into the Mediterranean

From a lookout point on the coast road, just a few miles outside central Beirut, the city’s only public beach looked deeply inviting. A crescent of pale sand, dotted with umbrellas, faced onto the …

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Posted on July 25, 2020

As Lebanon enters hyperinflation, the black market currency exchange has many faces

As Lebanon descended into economic crisis, the country’s currency sank with it, officially entering hyperinflation this week. The decades-old fixed exchange rate has given way to a black market and …

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Posted on July 24, 2020

Lebanon swings between humor and tragedy as economy crumbles

There are few bright sides to life in Lebanon whose economy is verging on complete breakdown. But while some have shown sympathy with those committing ‘hunger crimes,’ others have taken to barter and …

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Posted on July 24, 2020

France pledges $17 million to Lebanon’s struggling schools

France’s visiting foreign minister pledged Friday €15 million ($17 million) in aid to Lebanon’s schools, which are struggling under the weight of the country’s major economic crisis. Jean-Yves Le …

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Posted on July 24, 2020

Iran says U.S. warplanes harassed commercial flight over Syria

Iran says a pair of U.S. warplanes harassed an Iranian airliner after it left Tehran late Thursday bound for Lebanon.

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Posted on July 24, 2020

IMF plan only option for Lebanon, says France’s Le Drian

BEIRUT, July 23 (Reuters) – French Foreign Minister Jean-Yves Le Drian said on Thursday that Lebanon had no alternative other than an International Monetary Fund programme to help the country out …

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Posted on July 23, 2020

Graphic: Lebanon follows Venezuela into hyperinflation wilderness

Hyperinflation has blighted Zimbabwe, Venezuela and the former Yugoslavia among others over the years. Now, Lebanon has been gripped by the phenomenon, becoming the first country in the Middle East …

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