The Latest Breaking News from Lebanon

Lebanon's Bank Audi has closed more than 30 accounts belonging to UK nationals or their close relatives since a London court ordered it to transfer funds stuck in the crisis-hit banking sector to a British client, a depositors' union said. The Feb.

Minister of Economy and Trade Amin Salam reassured the people that Lebanon's wheat reserves were sufficient for about a month and a half. He stressed that several countries have expressed their willingness to help in the event that the country was forced to import additional quantities. He made his comments…

The US Department of the Treasury warned that the Lebanon-based “Qard al Hassan” is an unregulated and pseudo-financial institution that provides cover to Hezbollah’s activities, jeopardizing the credibility of the Lebanese financial system. A senior delegation from the Treasury concluded a three-day visit to Lebanon on Wednesday. The delegation met…

A London court has ordered two Lebanese banks to pay a depositor $4 million of his money locked in Lebanon’s crippled banking system by informal capital controls in place since a financial meltdown in 2019, the first such ruling in Britain. The High Court of Justice, Queen’s Bench Division, ordered…

An International Monetary Fund delegation could visit Lebanon in the second half of March to continue discussions on an aid program supported by reforms, Lebanon's Deputy Prime Minister Saade Chami said in a statement on Wednesday. Lebanese officials held talks with the IMF last month with the aim of securing…

Syrian refugee Ahmad al-Hariri, who fled the war in his country for neighboring Lebanon 10 years ago, spent the last decade hoping in vain to escape to a new life in Europe. Watching European nations open their arms to hundreds of thousands of Ukrainians in less than a week, the…

Syrian refugee Ahmad al-Hariri, who fled the war in his country for neighbouring Lebanon 10 years ago, spent the last decade hoping in vain to escape to a new life in Europe.

Lebanese President Michel Aoun informed Tuesday a visiting US Treasury delegation that Lebanon continues to combat corruption, money laundering and terrorist financing operations. “Lebanese laws are applied firmly and accurately in this field,” Aoun told the delegation during a meeting at the Presidential Palace in Baabda. He indicated that Lebanon…

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah held talks in Paris on Monday with his French counterpart Jean-Yves Le Drian. Talks focused on the latest regional and international developments. They also tackled Saudi-French ties and ways to bolster them in all fields. The meeting at the French Foreign…

Lebanon's Grand Mufti Sheikh Abdul Latif al-Derian slammed on Sunday the Hezbollah party, without naming, accusing it of "destroying everything the Lebanese have accomplished in a century." "Nothing is left in Lebanon but the militia and the ruling class that has terribly ruined the state, society and Lebanon's relations Arab…

Since the eruption of the Russian-Ukrainian tensions, fears have emerged that the global wheat and grain markets will be severely affected, given that the two countries secure an important part of global exports. Russia and Ukraine account for 29% of world wheat exports, 19% of corn exports, and 80% of…