Nawaf Salam

Gap Law: When the State Organizes Its Disengagement at the Expense of Depositors

Under the guise of structural reforms demanded by the International Monetary Fund (IMF), the “Gap Law” currently being prepared in Lebanon is raising growing concern. Presented as a technical tool designed to bridge the country’s massive financial shortfall, this law is now seen by many experts as a mechanism allowing the state to evade its ...

Egyptian PM Pledges Full Support to Lebanon

Egyptian Prime Minister Mostafa Madbouly met with Lebanese President Joseph Aoun on Friday, reaffirming Egypt’s steadfast support for Lebanon and stressing the need for stability, sovereignty, and full implementation of UN Security Council Resolution 1701. In his remarks, Madbouly said the visit aimed to “convey Egypt’s full support to ...

Depositors Rally Against Government’s Proposed Financial Gap Plan

A protest organized by the Depositors’ Associations Gathering and the Association of Expatriate Depositors was held on Thursday, bringing together representatives of depositor groups and unions in a unified show of opposition to the government’s proposed financial gap draft law. Demonstrators said the proposed legislation unfairly shifts the ...

Lebanon Debate: Gap Law Risks Bankrupting Banks, Wiping out Depositors

The following article, originally written on Thursday by Lebanon Debate, is reproduced here in full to highlight their analysis of the proposed financial gap bill and its potential impact on depositors and the Lebanese banking sector: “Once again, Nawaf Salam’s government is rushing to pass the financial gap law before the end of the year, ...

Depositors’ Cry Association: Yassine Jaber, Accomplice or Powerless in the Banking Crisis?

The Depositors’ Cry Association sharply criticized Finance Minister Yassine Jaber over the proposed Financial Gap Law, accusing him of failing to protect bank customers’ funds amid Lebanon’s ongoing banking crisis. In a statement, the association questioned whether Jaber is “a conspirator on depositors’ money” or simply ...

Aoun Welcomes French Role in Mechanism Committee, Reaffirms Commitment to Diplomacy

President Joseph Aoun told French special envoy Jean-Yves Le Drian on Monday that Lebanon is open to an enhanced French role within the framework of the “Mechanism Committee,” stressing that any such involvement must support the committee’s core negotiation goals. During the meeting at Baabda Palace, Aoun outlined ...

Hezbollah Challenges Security Council Visit, Army Acts on UNIFIL Attack

The 15 UN Security Council ambassadors visiting Lebanon received reactions to Hezbollah Secretary-General Sheikh Naim Qassem’s recent speech. In it, he opposed the appointment of Simon Karam as head of Lebanon’s negotiating delegation with Israel and reiterated the group’s refusal to disarm, saying that any impact would be limited to the ...

Disarmament: Government Says It Is Monitoring the Army’s Plan

Following a Cabinet meeting on Monday, Information Minister Paul Morcos said that Prime Minister Nawaf Salam “is monitoring the implementation of the army’s plan on the issue of weapons through monthly reports.” At the meeting, the Prime Minister emphasized the distinction between apparent delays and a deliberate intention to ...

PM Hands Over the Drafting of the Gap Law to Kulluna Irada

This Is Beirut has learned that the legal committee tasked by Prime Minister Nawaf Salam—in coordination with Finance Minister Yassine Jaber—with drafting the financial gap law is composed of a three-member team operating within the orbit of the Kulluna Irada organization. The committee includes attorney Ali Zbib, Judge Rana Al-Akkoum, ...

Revolution, Power, and Repression: The Political Downfall of the Muslim Brotherhood in Egypt

From the 2012 electoral victory to the upheavals that followed, the trajectory of the Muslim Brotherhood in contemporary Egypt reflects a decade of tensions, divisions, and radical transformation. On January 25, 2011, millions of Egyptians took to the streets of Cairo, Alexandria, and other major cities, demanding an end to Hosni Mubarak’s ...