Tag: Lebanon

The head of Lebanon’s Hezbollah movement on Monday condemned Germany’s ban on his group as bowing to US pressure and insisted it was not active in the country. Germany designated Hezbollah a “Shiite t …

The central bank’s governor since 1993, Riad Salameh, continued to attract dollars from Lebanon’s diaspora and around the Middle East by offering ruinously high exchange rates. He called this …

The owners of some of Lebanon’s best-known clubs have pulled together a three-day, non-stop virtual music festival …

A public fight between Lebanon’s new prime minister and its once untouchable central bank governor is jeopardising the state’s efforts to secure badly needed international financial support as it …

An economic rescue plan that will form the basis of Lebanon’s talks with the International Monetary Fund (IMF) was panned by banks on Friday as one that would “destroy confidence” in the country.

As the coronavirus lockdown eases, demonstrators respond to the country’s worst economic crisis since the civil war.

Coming on the heels of the ongoing economic crisis, the pandemic was simply a catalyst for Lebanon’s crash landing.

With a rescue plan that will form the basis of talks for IMF aid finally in place, Lebanon must now enact painful steps and work out how it distributes the costs, with the country’s banks likely to be …

Lebanon plans to seek International Monetary Fund aid after approving an economic rescue plan setting out vast losses in its financial system as it aims to chart a way out of a crisis seen as the …