by Charbel Lebbos | Dec 18, 2022 | Arab Economy, Arab News
Lebanon is determined to uncover the circumstances that led to the killing of an Irish UN peacekeeper, caretaker prime minister Najib Mikati said during a visit to the headquarters of the UN Interim Force in Lebanon (Unifil) on Friday. Private Sean Rooney, 23, was...
by Charbel Lebbos | Dec 18, 2022 | Arab Economy
A US court of appeals has ruled that cases against Lebanese commercial banks can be tried outside Lebanon, paving the way for more cases by depositors seeking to unlock their frozen funds. The court decision, issued on Thursday in a case brought by Lebanese depositors...
by Charbel Lebbos | Dec 9, 2022 | Arab Economy, Arab News
Lebanon’s divided parliament failed for the ninth time to elect a successor to former president Michel Aoun, extending the power vacuum ― the country has been without a president and been ruled by a caretaker government with limited powers since May. The...
by Charbel Lebbos | Dec 7, 2022 | Arab Economy, Arab News
Of those households, 32 per cent reported that without remittances, they could not cover expenses. Forty-one per cent told the Mercy Corps, a humanitarian NGO, that they could not cover most basic needs without financial help from abroad. Households receive...
by Charbel Lebbos | Nov 24, 2022 | Arab Economy, Arab News
The World Food Programme will give $5.4 billion in aid over the next three years to Lebanon, which is grappling with a devastating economic crisis that has plunged much of the population into poverty. The announcement came after a meeting between caretaker Prime...
by Charbel Lebbos | Nov 24, 2022 | Arab Economy
Lebanon’s Central Bank will adopt an exchange rate for dollar withdrawals that is closer to the crashing currency’s real market value, central bank governor Riad Salemeh said in a televised interview on Monday. “We are in the process of unifying the...
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