Marc Saikali, 17/04 08:30 - Reading : 3 minute(s)
Gulf International Monetary Fund
Just when we thought we’d seen it all in the Lebanese saga of economic collapse, the government rolled out a new episode—one so twisted it makes a Netflix series look like a documentary on quantum physics. A draft banking reform law, rushed through cabinet, casually proposes placing the burden of the collapse on depositors and local ...
Bassam Abou Zeid, 16/04 21:10 - Reading : 2 minute(s)
Hezbollah International Monetary Fund Saudi Arabia Lebanon Reforms disarmament
The Kingdom of Saudi Arabia is closely observing Lebanon’s progress on two critical fronts: comprehensive reform and the disarmament of Hezbollah. The recent visit of Saudi envoy Yazid bin Farhan to Beirut underscored Riyadh’s insistence on meaningful developments in both areas. According to Lebanese officials who met with the envoy, bin ...
This is Beirut, 12/04 15:25 - Reading : 1 minute(s)
International Monetary Fund council of ministers banks
The Council of Ministers approved the draft law for reforming and restructuring the banking sector in a cabinet session headed by Prime Minister Nawaf Salam, held at the Grand Serail on Saturday. The Council examined ten clauses from the draft law for banking sector reform, which includes 39 clauses in total. After the session, Minister of ...
This is Beirut, 10/04 14:15 - Reading : 5 minute(s)
Banks International Monetary Fund Central Bank
Lebanon’s Cabinet approved on Tuesday the statement of justification for the draft law on the reorganization of banks, with a follow-up session scheduled for Friday to finalize the text. The initiative is framed by two core principles the government says it upholds: safeguarding depositors’ rights and revitalizing the banking sector so it can ...
This is Beirut, 08/04 15:05 - Reading : 3 minute(s)
USA Hezbollah Lebanese Army International Monetary Fund Morgan Ortagus
In an interview with Al Arabiya News anchor Hadley Gamble, US Deputy Special Envoy for the Middle East Morgan Ortagus urged for the complete disarmament of Hezbollah. She compared the Iran-backed group to a “cancer” that Lebanon must excise if it hopes to recover. During a diplomatic visit to the United Arab Emirates, Ortagus emphasized that ...
This is Beirut, 07/04 15:05 - Reading : less than a minute
International Monetary Fund Finance Committee Ibrahim Kanaan
The parliamentary Finance and Budget Committee, chaired by MP Ibrahim Kanaan, has reaffirmed its commitment to “positive cooperation” with the International Monetary Fund (IMF). However, it decided to postpone its decision on increasing Lebanon's contribution to the institution by $423 million. The committee is waiting to consult with Finance ...
This is Beirut, 04/04 11:50 - Reading : 2 minute(s)
Hezbollah USA Lebanese Army International Monetary Fund Joseph Aoun US Senate
US Senators Jim Risch (R-Idaho) and Jeanne Shaheen (D-N.H.), ranking members of the Senate Foreign Relations Committee, issued a joint statement on Friday calling on Lebanon’s new government to seize the moment to reduce Hezbollah’s influence and implement crucial economic reforms. “We are at a critical moment in Lebanon,” the senators ...
This is Beirut, 21/03 17:35 - Reading : 2 minute(s)
Banks International Monetary Fund Hezbollah Saudi Arabia
Prime Minister Nawaf Salam stated on Friday that “there will be no suppression of bank deposits,” and that he would “cross out the term ‘suppression of deposits,’” in a meeting at the Serail with a delegation from the Council of Lebanese Executives in Saudi Arabia. He added that his government’s objective is be to “return” the ...
This is Beirut, 15/03 09:40 - Reading : 2 minute(s)
Banks European Union International Monetary Fund
Ratings agency Moody's on Friday upgraded Greece's credit rating, pulling the country out of junk territory after its years of struggling to recover from a debt crisis. Along with the ratings elevation from Ba1 to Baa3, Moody's changed its outlook for Greece from positive to stable. The other two major ratings agencies, S&P and ...
Maurice Matta, 13/03 22:40 - Reading : 3 minute(s)
International Monetary Fund Banks Joseph Aoun Banque du Liban Washington
Finance Minister Yassine Jaber made reassuring remarks regarding negotiations with the International Monetary Fund (IMF) following an extensive meeting held at the Ministry of Finance with the IMF mission. During the meeting, Jaber affirmed that the elimination or partial deduction of bank deposits is a sovereign and national decision, ...
Liliane Mokbel, 03/03 14:00 - Reading : 3 minute(s)
Central Bank of Lebanon International Monetary Fund Hezbollah FATF Terrorism Money laundering
The arrest this weekend of a passenger carrying $2.5 million in cash at Beirut’s International Airport marks an important step in the fight against the illegal transport of currency. This action underscores the Lebanese authorities' commitment to tightening controls and curbing such practices. Under the supervision of General Fadi Kfoury, the ...
This is Beirut, 06/02 20:40 - Reading : 1 minute(s)
International Monetary Fund Houthi Palestine Washington
The International Monetary Fund (IMF) plans to submit a new loan agreement with Egypt for approval by its board, the global lender’s communications chief said Thursday, as the country seeks to strengthen its economy. “A policy package of reforms will be considered by the Fund’s executive board, along with the fourth review of Egypt’s ...