This is Beirut, 2025-12-17 20:00 - Reading : 3 minute(s)
In a video shared by the page El Haweyah, MP Paula Yacoubian defended the so-called “gap law” bill, presenting it as an indispensable reform and an “achievement” of Nawaf Salam’s government in the context of a prospective agreement with the International Monetary Fund (IMF). According to her, the bill would constitute the third ...
This is Beirut, 2025-12-15 11:50 - Reading : 1 minute(s)
Banks Nawaf Salam Yassine Jaber Finance Minister Lebanon
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 ...
Nadia al-Hallak for Houna Loubnan, 2025-12-13 20:12 - Reading : 6 minute(s)
Banks Central Bank of Lebanon Banque du Liban Middle East
Amid ongoing government debates over the draft law addressing the financial shortfall and the fate of deposits, concern is growing within economic and banking circles over the plan’s potential direction. Each new draft leak highlights a deep disagreement—over how losses should be allocated and the extent of the burden the state must shoulder ...
This is Beirut, 2025-12-13 18:35 - Reading : 3 minute(s)
Amal Hezbollah Iran Lebanon Reconstruction Banks
Lebanon’s parliamentary finance committee on Thursday approved the transfer of roughly $90 million USD in reserve funding for the Council of the South as part of the 2026 budget process to support reconstruction in areas damaged by Israeli bombardment in last year’s Israel-Hezbollah war. According to parliamentary sources ...
This is Beirut, 2025-12-13 14:30 - Reading : 2 minute(s)
Finance Minister Yassine Jaber did not mince words: “The banks will be the first losers” if the Financial Gap Law is enacted. And if the banks lose, depositors inevitably lose too. The draft law places the full burden of repaying deposits on the banks alone — a move that would inevitably destroy the Lebanese banking sector and wipe out ...
This is Beirut, 2025-12-08 13:00 - Reading : 1 minute(s)
Banks Lebanon ABL Central Bank of Lebanon
The Secretary-General of the Association of Banks in Lebanon (ABL), Dr. Fadi Khalaf, has cautioned that any financial restructuring confined to the banking sector is likely to fail unless accompanied by comprehensive state reform. In his editorial for the ABL’s November report, published Monday, Khalaf emphasized that Lebanon’s ...
This is Beirut, 2025-12-04 11:25 - Reading : 2 minute(s)
Hezbollah Lebanon Banks Gulf United Kingdom Iraq Houthis
Iraq's central bank on Thursday said the appearance of Lebanon's Hezbollah and Yemen's Houthis on a frozen assets list was a mistake, and ordered the correction of the official announcement, according to a document seen by AFP. An official gazette issue dated November 17 published a decision about Iraq freezing the assets of ...
This is Beirut, 2025-11-27 18:10 - Reading : less than a minute
Fadi Khalaf Association of Banks in Lebanon Union of Arab Banks Banks
The Secretary General of the Association of Banks in Lebanon, Fadi Khalaf, stated that the country is beginning to return to the path of economic recovery, considering the return of the Union of Arab Banks to Lebanon as a promising sign of hope. However, he warned that the Lebanese State’s failure to comply with the conditions set by Arab ...
Liliane Mokbel, 2025-11-27 15:10 - Reading : less than a minute
The State must acknowledge its main share of responsibility in the crisis. Yet nothing suggests it is ready to do so. The political class opposes it, and the plan supported by the IMF also seeks to absolve those responsible at the expense of depositors.
This is Beirut, 2025-11-25 11:00 - Reading : 1 minute(s)
Lebanon Economy Banks Nawaf Salam
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, ...
This is Beirut, 2025-11-21 12:20 - Reading : 3 minute(s)
Banks New York USA Tech AI Bubble
Tech firms led stock losses on Friday as investors struggled to shake off fears about an AI bubble, and after a sell-off on Wall Street sparked by job data dealt a further blow to hopes for a US interest rate cut. A blockbuster earnings report from chip bellwether Nvidia on Wednesday seemed to settle nerves that vast investments in the artificial ...
This is Beirut, 2025-11-19 15:15 - Reading : 3 minute(s)
A cautiously tense meeting brought together Finance Minister Yassine Jaber and a delegation from the Association of Banks in Lebanon (ABL), dedicated to discussing the points related to the Financial Gap Law. The talks focused on how the banks, the Lebanese state, and the Central Bank would handle the existing gap and on reassessing the banks’ ...