by Charbel Lebbos | Aug 18, 2022 | Arab Economy
Lebanon is expected to post the second-highest inflation rate in the world this year, trailing only Sudan, according to Fitch Solutions. Inflation in the country, which faces its worst economic crisis in more than three decades, will average 178 per cent in 2022, up...
by Charbel Lebbos | Aug 17, 2022 | Arab Economy, Arab News, World News
Lebanese authorities on Tuesday released without charge a gunman who held up a bank in Beirut last week and demanded access to his trapped savings so he could pay for his father’s medical treatment. Bassam Al Sheikh Hussein was detained after the incident on...
by Charbel Lebbos | Aug 15, 2022 | Arab Economy, Arab News
A gunman who surrendered after taking hostages at a Beirut bank and demanding access to his trapped savings is expected to remain detained until at least next week. Bassam Hussein, 42, is being held at a Beirut intelligence branch and faced his first round of...
by Charbel Lebbos | Aug 12, 2022 | Arab Economy, Arab News
A hostage drama at a Federal Bank of Lebanon branch in Beirut’s Hamra neighbourhood ended without injury on Thursday after an armed man demanded to withdraw his savings, in an incident that threw a spotlight on the desperation caused by the country’s financial...
by Charbel Lebbos | Aug 12, 2022 | Arab Economy, Arab News
Iraq has agreed to continue supplying Lebanon’s power company with heavy fuel oil for another year, alleviating pressure on the country’s struggling electricity grid. Najib Mikati, Lebanon’s caretaker prime minister, said on Thursday that he had...
by Charbel Lebbos | Aug 11, 2022 | Arab Economy
Media news outlets in Lebanon along with AFP said on Wednesday that a judicial decision was issued to seize the properties of MPs Ali Hassan Khalil and Ghazi Zaiter, worth 100 billion LBP, as a precautionary measure. The judicial order was reportedly issued by Judge...
Recent Comments