by Charbel Lebbos | Sep 3, 2022 | Arab Economy
The International Monetary Fund has said there are still “key deficiencies” in the latest draft of Lebanon’s banking secrecy law, which was previously passed by Parliament but returned to the house for revisions by President Michel Aoun. The assessment is...
by Charbel Lebbos | Sep 2, 2022 | Arab Economy, Arab News
Hezbollah leader Hassan Nasrallah has repeatedly threatened Israeli development of Karish — and other Israeli platforms — since London-listed Energean’s floating production, storage and offloading vessel arrived at the field in early June. Parts of Karish sit north of...
by Charbel Lebbos | Sep 1, 2022 | Arab Economy, Arab News
Internet blackouts were reported in parts of Lebanon on Wednesday after employees of state-owned telecoms company Ogero went on strike the day before and demanded better salaries. Talks are continuing between the Ministry of Telecommunications and representatives of...
by Charbel Lebbos | Aug 31, 2022 | Arab Economy, Arab News
About three weeks ago, Bassem Al Sheikh Hussein gained the admiration of many in Lebanon when he held up a bank branch in Beirut, demanding access to his trapped savings so he could pay for his father’s medical treatment. On Tuesday, he returned to the spotlight...
by Charbel Lebbos | Aug 31, 2022 | Arab Economy, Arab News
Lebanon recorded its 25th consecutive month of triple-digit inflation as the country continues to deal with a political deadlock over the formation of a new Cabinet nearly four months after parliamentary elections amid its worst economic crisis in decades. Inflation...
by Charbel Lebbos | Aug 30, 2022 | Arab Economy
Saudi Arabia’s ambassador to Beirut has called for the extradition of a Saudi man from Lebanon who threatened the kingdom’s embassy in the Lebanese capital. “We call upon the competent Lebanese authorities to undertake the necessary legal procedures...
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