Lebanon was facing a crippling economic crisis before the coronavirus, but government-imposed shutdowns to stop the spread of Covid-19 have forced even more Lebanese into poverty.
Japan may veto Lebanon’s IMF bailout until officials agree to deport Ghosn
Lebanon asked the IMF for a $10 billion bailout, and Japan may threaten to veto its request if it doesn’t deport former Renault-Nissan boss Carlos Ghosn.
Lebanon says too early to claim victory over virus
The worst of the coronavirus pandemic has passed but declaring victory against the disease would be premature, Lebanon’s health minister said Monday, as the country gradually opened up. “I think the …
Supreme Court rules in favor of immigrant who fears torture if deported to Lebanon
The Supreme Court on Monday sided with a Lebanese immigrant facing deportation, saying he can challenge a ruling forcing him to back to his home country amid fear of being tortured.
Is Lebanon’s Natural Gas Boom Dead In The Water?
Absent any discovery thus far, there has been little talk as to what to do with Lebanon’s offshore hydrocarbons, once found and deemed commercially viable Tags: Eastern Mediterranean, Energy, Cyprus, …
Bubbles burst for Lebanon’s party‑loving middle class
Nadeem el Jisr was once a packed shopping street in Tripoli, its Italian mid-range designer shops making a killing from Lebanon’s status-conscious middle classes. MaxMara, Calvin Klein and Roberto …
‘Like a drug deal’: Inside Lebanon’s black market currency trade
A crackdown on legal exchange shops has turbocharged illicit black market transactions in the crisis-ridden country.
Lebanon extends mandate of UN force along Israel border
Lebanon’s information minister says the government has agreed to extend the mandate for another year of the U.N. peacekeeping mission in southern Lebanon, along the border with Israel …
On debt-stricken Lebanon, investors see little room for optimism
Emerging market investors are no strangers to sovereign debt crises, but few have been as perilous as the one facing Lebanon given a toxic combination of financial and political weaknesses and no …
Lebanon crisis brings mixed legacy for central bank governor
Touted as the guardian of Lebanon’s monetary stability, he steered the tiny country’s finances for nearly three decades, through post-war recovery and bouts of unrest.