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The Latest Breaking News from Amal

Nasrallah Snubs Bassil after MP Rejects his Candidate for Lebanese Presidency

Head of Hezbollah Hassan Nasrallah has refused to hold a meeting with Free Patriotic Movement (FPM) chief MP Gebran Bassil over his rejection of the party’s candidate for the Lebanese presidency. Bassil has compiled a list of potential candidates that does not include the party’s favored pick, Marada Movement leader…

Asharq Al-Awsat

Families of Beirut blast victims slam infighting over investigation

The relaunching this week of the investigation into the August 2020 Beirut port blast triggered an unprecedented impasse with the lead judicial investigator and top prosecutor slapping charges against each other. Critics called it a “farce”, but for families of the victims still seeking justice, the parody is wrenching and…

France 24

Lebanon's Husseini, architect of peace accord, dies at 86

Lebanese Shi'ite politician Hussein al-Husseini, a former parliament speaker who was an architect of the peace agreement ending the 1975-90 civil war, died on Wednesday aged 86.

Reuters

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Beirut Remembers Arafat’s Departure 40 Years Ago

On this day 40 years ago, Palestinian President Yasser Arafat departed Beirut, which was under Israeli siege, to Tunisia, his first leg on a journey back to a homeland smaller than his dreams. It was the end of an era, in which the Palestinian player was a mainstay and part…

Asharq Al-Awsat

Nasrallah’s Call for Beirut Blast Probe Judge to Step Down Rejected by Judiciary

Hezbollah chief Hassan Nasrallah’s call for the dismissal of the judge probing the cataclysmic 2020 blast at Beirut port was ignored by the judiciary. The probe has been suspended since the beginning of the year after officials, who have been charged in the blast, demanded Judge Tarek Bitar’s dismissal. In…

Asharq Al-Awsat

Israel Confirms Lebanon’s Approval of its Share in Karish Gas Field

An agreement put forward by US mediator Amos Hochstein stipulated that Lebanon gain control over the Qana field in exchange for granting Israel full rights in the Karish oil field, well-informed sources in Tel Aviv said. The sources noted that most politicians in Lebanon have voiced support for this agreement,…

Asharq Al-Awsat

3 Momentum Stocks Still Making New Highs

The stock market has been witnessing immense volatility amid the Fed’s hawkish stance to combat high inflation and the looming recession concerns. Despite the market uncertainties, some quality stocks, Amalgamated Financial (AMAL), Consolidated Water (CWCO), and VAALCO (EGY), are showing solid momentum lately due to their strong fundamentals and growth…

StockNews.com

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Lebanon's Opposition Rejects to Participate in Mikati's New Cabinet

Lebanese Prime Minister-designate Najib Mikati's optimism about the possibility of swiftly forming a new cabinet at the end of next week does not mean that his task will be easy. The distribution of votes in the parliamentary consultations and the positions of the political parties suggest that the government will…

Asharq Al-Awsat

Mikati Favorite to Retain Position as Lebanese PM

Lebanon will soon embark on a mission to designate a new prime minister, who will be tasked with forming a new government. Prime Minister Najib Mikati's government is now operating in a caretaker capacity after parliamentary elections were staged last month. President Michel Aoun is tasked with calling parliamentary blocs…

Asharq Al-Awsat

Lebanon: Parliament’s Opposition Figures Fear Return of Shiite Duo-Aoun Majority

Lebanon’s opposition deputies have expressed fears of a “new deal” between the Shiite duo - represented by Amal and Hezbollah - and the Free Patriotic Movement (FPM), which would grant them the necessary majority to tailor the future government and elect a new president of the republic in October. Those…

Asharq Al-Awsat

5 Cheap Regional Bank Stocks to Add to Your List

A rising interest rate environment bodes well for banks and financial institutions because it helps boost their interest income. So, given the possibility of further central bank monetary tightening, we think it could be wise to add the stocks of quality regional banks Flushing Financial (FFIC), First Financial (THFF), Amalgamated…

StockNews.com

Nabih Berri: Lebanon’s ‘untouchable’ parliamentary speaker

Lebanese lawmakers on Tuesday re-elected Nabih Berri as parliamentary speaker for a seventh consecutive term, cementing the octogenarian politician's reputation as an “untouchable” figure in Lebanese politics. FRANCE 24 profiled the controversial politician on May 19, 2022.

France 24

Factbox: Lebanon's veteran parliamentary speaker Nabih Berri

Lebanese Shi'ite Muslim politician Nabih Berri was reelected parliament speaker on Tuesday, extending his tenure in a post he has held since 1992.

Reuters

Post-election calm prevails in Beirut’s divided neighbourhoods

Fragile calm in Beirut’s Ain el-Remmaneh area, home to longtime rival parties that are now key players in parliament.

Al Jazeera

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France 24

The ‘untouchable’ parliamentary speaker at the heart of Lebanon’s next political storm

At 84, Nabih Berry is a seasoned Lebanese political player who has been the country’s parliamentary speaker for 30 years. Following Sunday’s legislative elections, the octogenarian stalwart is running for another term. But a record number of newcomers and political opponents are against his reelection – and in Lebanon, that…

The Guardian - UK

Lebanon votes in first national election since onset of economic crisis

Low expectations that ballot for parliamentary seats will see breakthrough in dislodging entrenched ruling elite

Asharq Al-Awsat

Scarred by Crisis, Election Newcomers Aim to Unseat Lebanon’s Elite

Shot by security forces during protests over the 2020 Beirut port blast and frozen out of his bank savings during Lebanon's financial collapse, Firas Hamdan has plenty of grievances against the authorities. On Sunday, Hamdan hopes to start changing things for the better by winning a seat in parliament, one…

Reuters

Scarred by crisis, election newcomers aim to unseat Lebanon's elite

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Benzinga

Monday Is Your Last Chance To Buy Amalgamated Financial Before The Dividend Payout

Monday marks the last chance for investors to receive the next dividend payout from Amalgamated Financial (NASDAQ:AMAL).

Asharq Al-Awsat

Mufti Qabalan Orders Vote for Hezbollah, Amal in Lebanon Elections

Jaafarite Mufti, Sheikh Ahmad Qabalan issued on Tuesday what could be interpreted as a "religious order" by calling on Shiite followers to vote for the Shiite duo of the Hezbollah party and Amal movement in the May 15 parliamentary elections in Lebanon. He said the elections were a form of…

Benzinga

Amalgamated Financial: Q1 Earnings Insights

Amalgamated Financial (NASDAQ:AMAL) reported its Q1 earnings results on Thursday, April 28, 2022 at 06:25 AM. Here's what investors need to know about the announcement.

Asharq Al-Awsat

Lebanese Security Forces Intensify Measures in Hezbollah Stronghold Following Spike in Crime

Lebanon’s security forces carried out a series of raids in Beirut's southern suburbs of Dahieh, the strongholds of the Shiite Hezbollah party and Amal movement, following complaints by the local population over the security situation. The security forces arrested dozens of individuals, who are wanted for theft, armed robbery and…

Asharq Al-Awsat

Participants at Opposition Electoral Rally Assaulted in Southern Lebanon

Lebanon continues to prepare for next month's parliamentary elections, with electoral rallies and events being held daily throughout the country. Tensions have been high in some region, especially in the South, between the opposition and traditional powers, notably the Shiite Hezbollah and Amal party. Partisan supporters reportedly assaulted on Saturday…

Asharq Al-Awsat

Lebanese PM to Asharq Al-Awsat: No Deal Behind Shiite Duo's End of Govt Boycott

Lebanese Prime Minister Najib Mikati stressed on Sunday the need for unity and solidarity to save Lebanon "because hunger is knocking on everyone's doors." In remarks to Asharq Al-Awsat, he denied that a deal was struck to end the Shiite duo's - Hezbollah and Amal - boycott of cabinet sessions.…

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