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The Latest Breaking News from Lebanon

Lebanon to Receive Jordan Electricity Via Syria, Deal Signed

Lebanon signed deals on Wednesday to purchase electricity from Jordan via Syria to help the small Mediterranean country deal with its crippling energy crisis. The deals are expected to bring Lebanon up to 250 megawatts of electricity a day within two months, enough for about two hours of power a…

Asharq Al-Awsat

Lebanon, Jordan agree to bring electricity through Syria

Lebanon signed a U.S.-backed deal with Jordan on Wednesday that aims to ease crippling power shortages by transmitting electricity across neighbouring Syria, after Washington assured Beirut it should not fear its sanctions on Damascus.

Reuters

Lebanon Plans to Adopt ‘Realistic Exchange Rate’ in 2022 Budget, Says Ministry

Lebanon plans to adopt a "realistic exchange rate" for the local pound in the 2022 budget, according to a document published by the finance ministry on Wednesday that did not specify a rate. The draft budget put the average exchange rate of the pound in the final quarter of 2021…

Asharq Al-Awsat

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Impact of Hariri's Stepping Back from Lebanon's Political Life Will Be Felt by Allies, Rivals Alike

Head of Lebanon's Mustaqbal movement former Prime Minister Saad Hariri announced on Monday that he was suspending political work, upending the political scene in a country that is gripped by one of the most severe economic crises in the past 150 years. Before debating over who will fill in the…

Asharq Al-Awsat

World Bank blames Lebanon's rulers for economic meltdown

The World Bank says Lebanon’s political class is to blame for the country's economic collapse, warning that the meltdown threatens Beirut's long-term stability

The Independent UK

Lebanon to Study Kuwait Initiative, Respond by Saturday

Lebanese Foreign Minister Abdullah Bou Habib announced on Monday that the authorities will study the Arab initiative delivered by Kuwaiti Foreign Minister Sheikh Ahmad Nasser al-Mohammed Al Sabah last week. The initiative is aimed at setting straight Lebanon's ties with Arab countries and achieving political and economic recovery. Bou Habib…

Asharq Al-Awsat

Lebanon’s Economic Depression ‘Orchestrated by Elite,’ World Bank Says

Lebanon's economic depression "is orchestrated by the country's elite" and "has come to threaten the country's long-term stability and social peace," the World Bank said in a press release on Tuesday attached to its latest report on the country. Lebanon's descent into financial ruin began in 2019, the result of…

Asharq Al-Awsat

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Lebanon’s former PM Saad Hariri quits politics and won’t run in polls

Mr Hariri’s decision to not take part in upcoming parliamentary elections could derail the vote

The Independent UK

Lebanon’s Hariri Steps Away from Politics, Upending Election Landscape

Lebanese Sunni leader Saad al-Hariri said on Monday he was stepping back from political life and would not run in the parliamentary election, turning Lebanon's sectarian politics on its head as the country grapples with a financial crisis. Hariri, three times prime minister, also called on his party not to…

Asharq Al-Awsat

Lebanon’s ex-PM Saad Hariri suspends role in politics, won't run in election

Lebanon's leading Sunni Muslim politician Saad al-Hariri said on Monday he was suspending his role in political life and would not run in a forthcoming parliamentary election, a bombshell announcement during a national financial collapse.

France 24

Lebanon’s former PM Saad Hariri suspends political career

Former Lebanese Prime Minister announces he will not run run in upcoming parliamentary elections.

Al Jazeera

Lebanon's former PM Saad Hariri bows out of political life

Lebanon’s former Prime Minister Saad Hariri says he will suspend is work in politics and will not run in May’s parliamentary elections

The Independent UK

Factbox-Lebanon's Hariri's turbulent career in politics

Lebanon's leading Sunni Muslim politician Saad al-Hariri said on Monday he would not run in a forthcoming parliamentary election and was suspending his role in political life, urging his political party to do the same.

Reuters

Lebanese Cabinet Meets after Hiatus, amid Friction over Budget

The Lebanese cabinet met on Monday for the first time since October, convening after Iranian-backed Hezbollah ended a boycott but with the powerful group and others objecting to a draft budget that was the main agenda item. With Lebanon mired in one of the world's sharpest financial crises, Prime Minister…

Asharq Al-Awsat

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Reuters

Lebanese cabinet meets after hiatus, amid friction over budget

The Independent UK

Lebanon's government holds budget meeting, 1st in months

Lebanon’s government is holding its first meeting in three months to discuss the budget as talks with the International Monetary Fund over the country’s economic meltdown were poised to continue

Reuters

Lebanon's Hariri steps away from politics, upending election landscape

Lebanese Sunni Muslim leader Saad al-Hariri said on Monday he was stepping back from political life and would not run in the parliamentary election, turning Lebanon's sectarian politics on its head as the country grapples with a financial crisis.

Asharq Al-Awsat

Lebanon Must Not Be Platform for Hostility, Kuwaiti FM Says

Kuwait's foreign minister said on Sunday Lebanon must not be a platform for hostile acts or words toward Gulf Arab states. Kuwaiti Foreign Minister Sheikh Ahmad Nasser Al-Mohammad Al-Sabah spoke after meeting President Michel Aoun in Beirut, during the first visit to Beirut by a senior Gulf Arab official since…

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Asharq Al-Awsat

Dubai to Host First Edition of the Middle East & North Africa’s 50 Best Restaurants

Middle East & North Africa’s 50 Best Restaurants 2022 announced that it will hold its first Middle East and North Africa edition in Dubai next month. Lebanon's Kamal Mouzawak, who founded Souk El Tayeb - the first farmers’ market to open in his country's capital Beirut -, was given with…

Reuters

Lebanon keen on maintaining "best relations" with Gulf states - President Aoun

Lebanon is keen to maintain "the best relations" with the Gulf Arab states, President Michel Aoun said in a tweet on Sunday.

Reuters

Kuwait minister says he presented suggestions to Lebanon on rebuilding trust

Kuwait made suggestions to Lebanese President Michel Aoun on how he might rebuild confidence with the Gulf states, Kuwaiti Foreign Minister Sheikh Ahmad Nasser al-Mohammad al-Sabah said on Sunday in a televised press conference in Beirut.

Asharq Al-Awsat

Lebanon’s Financial Crisis and How it Happened

Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990 civil war with little to show for their spending binge. Banks, central to the service-oriented economy, are paralyzed. Savers have been locked out of dollar accounts or told that funds they can access…

Asharq Al-Awsat

How Bad Is Lebanon’s Economic Meltdown?

Lebanon is suffering an economic meltdown that began in 2019 when the financial system collapsed under colossal state debts and the unsustainable way they were funded, while politicians have yet to come up with a rescue plan. Just how bad is the situation? - Gross domestic product has plunged to…

Asharq Al-Awsat

Penny Pinching and Power Cuts; Lebanon’s Middle Class Squeezed by Crisis

Lebanese school teacher Sara Wissam and her husband were comfortably off before a run on the local currency decimated the value of their salaries and dragged them towards poverty. The plight of the Beirut couple is common across Lebanon's middle class, which has been forced to make once unthinkable choices…

Reuters

Penny pinching and power cuts; Lebanon's middle class squeezed by crisis

Lebanese school teacher Sara Wissam and her husband were comfortably off before a run on the local currency decimated the value of their salaries and dragged them towards poverty.

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