Factbox-What is Lebanon’s Hezbollah?
BEIRUT (Reuters) – Lebanon’s Hezbollah said it targeted Israeli military positions in the disputed Shebaa Farms on Sunday, saying it was acting “in solidarity” with the Palestinian people after an unprecedented attack…
‘There is no future’: Lebanon’s new poor face long-term stagnation
By Timour Azhari and Laila Bassam BEIRUT (Reuters) – Unemployed and unable to support his family of four, Hussein Hamadeh, 51, now spends his days trying to find help to weather a…
Lebanon’s economy still contracting but at slower pace, World Bank says
BEIRUT (Reuters) – Lebanon’s economy, hit by one of the world’s most severe crises, continues to contract although the pace of that contraction has somewhat slowed, the World Bank said in a…
BRYEN: Will A Key US Deal Make Lebanon’s Problems Even Worse?
BRYEN: Will A Key US Deal Make Lebanon’s Problems Even Worse? Shoshana Bryen on October 12, 2022 The White House is taking a bow for success in achieving U.S.-Israel and U.S.-Lebanon…
Factbox-Just how bad is Lebanon’s economic crisis?
BEIRUT (Reuters) – Savers held up two banks in Lebanon on Wednesday to demand access to their own deposits frozen in the country’s paralysed financial system, underlining desperation among citizens unable to…
‘Shameful’ delay in cabinet formation causing Lebanon’s decay, top Christian cleric says
BEIRUT – Lebanon’s top Christian cleric said on Sunday it is “shameful” that politicians have yet to form a new cabinet nearly three months after elections, blaming their chronic feuding for the…
Lebanon’s ordeal: from civil strife to economic collapse
BEIRUT – Lebanon marks the second anniversary on Thursday of the Beirut port explosion that killed 215 people and is widely seen as a symbol of corruption and bad governance by the…
Lebanon’s emboldened opposition goes from protest to parliament
By Timour Azhari and Maya Gebeily BEIRUT – When Halime El Kaakour enters Lebanon’s parliament as a newly elected lawmaker next week, she will step past the same concrete barriers that security…
Factbox – Just how bad is Lebanon’s economic meltdown?
BEIRUT – The International Monetary Fund (IMF) said on Thursday it had reached a preliminary agreement with Lebanon for a four-year extended fund facility that would only get full approval from the…
Lebanon’s financial hole expected to grow, deputy PM says
BEIRUT – A hole in Lebanon’s financial system estimated at $69 billion in September is expected to grow to $73 billion, and losses in the central bank reserve will increase while the…
Lebanon’s Bank Audi says UK court order will leave some depositors out of pocket
BEIRUT – Complying with a London court order requiring Lebanon’s Bank Audi and SGBL to pay a depositor $4 million of money stuck in the nation’s crisis-hit banking sector will result in…
Penny pinching and power cuts; Lebanon’s middle class squeezed by crisis
By Edmund Blair and Laila Bassam BEIRUT – Lebanese school teacher Sara Wissam and her husband were comfortably off before a run on the local currency decimated the value of their salaries…
Factbox-How bad is Lebanon’s economic meltdown?
BEIRUT – Lebanon is suffering an economic meltdown that began in 2019 when the financial system collapsed under colossal state debts and the unsustainable way they were funded, while politicians have yet…
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