by Charbel Lebbos | Apr 8, 2022 | Arab Economy
Lebanese Prime Minister Najib Mikati believes the country will now be able to move forward after securing the backing of the IMF. Reuters The International Monetary Fund has reached an agreement to offer about $3 billion to Lebanon as part of a four-year deal based on...
by Charbel Lebbos | Apr 5, 2022 | Arab Economy
The Central Bank is stumbling, economic expert Edmond Shammas told al-Jadeed on Tuesday, following a statement by Deputy Prime Minister Saadeh Shami about the Central Bank being bankrupted. Shami had explained in a TV interview that his remarks had been quoted out of...
by Charbel Lebbos | Apr 5, 2022 | Arab Economy
Beirut, April 5 (IANS) Lebanon’s Deputy Prime Minister Saade Chami has announced “the bankruptcy of the state and the Central Bank” of the cash-strapped nation. “The state has gone bankrupt as did the Central Bank of Lebanon, and the loss has...
by Charbel Lebbos | Mar 15, 2022 | Arab Economy
A Lebanese judge froze the assets of five of Lebanon’s largest banks and those of their boards of directors as she investigates possible transfers of billions of dollars abroad during the country’s economic meltdown. The state-run National News Agency said the...
by Charbel Lebbos | Mar 11, 2022 | Arab Economy, Arab News
Lebanon’s parliamentary elections are “non-negotiable” and essential to “rebuild trust,” the UN’s special co-ordinator to the country, Joanna Wronecka, told The National, as local politicians bicker over logistics and food insecurity heightens. “The predictable...
by Charbel Lebbos | Jun 9, 2021 | Arab Economy
Lebanese in several regions are taking to the streets to protest living conditions BEIRUT: The Lebanese pound hit a new low on the black market, reaching 14,000 for $1 after it had been somewhat stable in recent weeks at 12,000.This coincided with a new circular from...
Recent Comments