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 …
Lebanon restaurants partially reopen, face faltering economy
The owners of some of Lebanon’s best-known clubs have pulled together a three-day, non-stop virtual music festival …
Lebanon gripped by prime minister’s feud with bank governor
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 …
Barak: Goal of first Lebanon War was to turn Jordan to Palestinian State
The former prime minister told Maariv that the late Ariel Sharon was very clear when he told ministers Israel’s end goal was to drive PLO into Jordan but they “didn’t understand or pretend not to.” …
Lebanon banks reject rescue plan as government asks IMF for help
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.
Why Lebanon’s Protesters Are Back
As the coronavirus lockdown eases, demonstrators respond to the country’s worst economic crisis since the civil war.
Lebanon’s riots come as no surprise — even during a pandemic
Coming on the heels of the ongoing economic crisis, the pandemic was simply a catalyst for Lebanon’s crash landing.
Hard work lies ahead for Lebanon on road to IMF aid deal
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 …
With economy in ‘free fall’, Lebanon aims for IMF aid
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 …
Violent protests erupt in Lebanon as pandemic makes financial crisis worse
Lebanon’s long-running financial crisis, which led to the resignation of its prime minister in October, has only gotten worse because of the coronavirus pandemic. And anti-government protests resumed …