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The Latest Breaking News from Lebanon

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…

Asharq Al-Awsat

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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.

Reuters

Kuwaiti minister in Lebanon over diplomatic row with gulf

Kuwait’s foreign minister says he has handed Lebanese officials a list of suggestions for confidence-building measures with oil-rich Gulf states after relations between the two sides deteriorated dramatically over the past months

The Independent UK

Kuwait FM from Beirut: Lebanon Shouldn't Be Platform to Attack Arab, Gulf Countries

Foreign Minister Sheikh Ahmad Nasser Al-Mohammad Al-Sabah urged on Saturday Lebanon against meddling in the affairs of any Arab country. The FM had arrived in Beirut on Friday on a one-day visit as part of efforts to rebuild trust with Lebanon and show solidarity with its people. The move had…

Asharq Al-Awsat

Kuwaiti minister says visit aims to rebuild trust with Lebanon

Kuwait's foreign minister said on Saturday he was visiting Lebanon to rebuild trust with the country and show solidarity with the Lebanese people, adding that the move had been coordinated with other Gulf countries.

Reuters

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Lebanon teachers strike over conditions as education crisis grows

Most of Lebanon’s public schools are closed as teachers demand higher wages and stipends to earn a living wage.

Al Jazeera

Lebanon to Start Virtual Talks with IMF Next Week

Lebanese officials will start talks with the International Monetary Fund on Monday, an official government source told Reuters. An IMF spokesperson also told Reuters on Saturday that a team will start virtual talks with Lebanese authorities next week. The Lebanese government has said it hopes to reach an initial agreement…

Asharq Al-Awsat

Lebanon's PM to meet Kuwaiti foreign minister in Beirut

Lebanon's Prime Minister Najib Mikati will meet Kuwait's Foreign Minister Sheikh Ahmad Nasser Al-Mohammad Al-Sabah on Saturday in Beirut, Mikati's office said in a statement.

Reuters

Lebanon’s Hariri 'Most Likely' Not to Run in Elections

Lebanon’s former Prime Minister Saad Hariri has held meetings with members of his Mustaqbal Movement, and ex-PMs Fouad Siniora and Tammam Salam to discuss with them the latest political developments. Hariri is expected to announce his decision regarding the upcoming parliamentary elections amid reports that he will “most likely” refrain…

Asharq Al-Awsat

‘I’m following a dream – giving people my soul food’: the global restaurants bringing life to British streets

These 15 small venues – all run or founded by immigrants to Britain – are part of the fabric of the nation’s high streets. But after two hellish years, can they survive?

The Guardian - UK

Official Source: Lebanon Draft Budget Applies Range of FX Rates

Lebanon's draft budget for 2022 applies exchange rates ranging between 15,000 and 20,000 Lebanese pounds per dollar for operating expenses, an official source told Reuters on Friday, moving away from the previously used official rate of 1,500. The pound has lost more than 90% of its value since Lebanon slumped…

Asharq Al-Awsat

Lebanon’s draft budget heaps even more pain on the poor

Bulk of state funding will come from regressive policies, according to a 2022 draft budget shared with Al Jazeera.

Al Jazeera

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Al Jazeera

‘I wanted to die’: Abused migrant women in Lebanon face detention

Embassy ‘sit-ins’ by migrant workers have become increasingly frequent during Lebanon’s devastating economic crisis.

Bangkok Post

Myanmar junta backs Telenor unit sale after buyer M1 pairs with local firm

BANGKOK: Lebanon's M1 Group will partner with a Myanmar firm to take over Norwegian telco Telenor's business in the Southeast Asian country after its military junta sought a local buyer, three sources familiar with the matter told Reuters.

France 24

Sexual harassment in Lebanon: A crime that goes unnoticed

In late 2020, Lebanon finally passed a law making sexual harassment a crime. But while the landmark legislation, called Law 205, is considered a step forward, human rights groups say it fails to meet international standards and protect women who dare to speak up.

Asharq Al-Awsat

Lebanese Museum Returns Artifacts from Syria's Palmyra

Five Roman artifacts from the ancient city of Palmyra, a site damaged during Syria's decade-long conflict, were returned to Damascus on Thursday by a private Lebanese museum where they had been on display since 2018. The limestone statues and carved funerary stones dating from the Roman second and third centuries…

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Reuters

Lebanese museum returns artefacts from Syria's ancient city of Palmyra

Five Roman artefacts from the ancient city of Palmyra, a site damaged during Syria's decade-long conflict, were returned to Damascus on Thursday by a private Lebanese museum where they had been on display since 2018.

Asharq Al-Awsat

Lebanon's Healthcare on Brink of Collapse, Says Minister

Lebanon's healthcare system is crumbling amid an economic crisis that has led to an exodus of thousands of doctors and nurses, forced private hospitals to close some departments and put further strains on the already stretched state sector. "If this crisis goes on for long without solutions we will of…

Reuters

Lebanon's healthcare on brink of collapse amid crisis, says minister

Asharq Al-Awsat

Harsh Winter Hits Syria, Lebanon and Jordan, Taking Toll on Refugees

Harsh winter weather with heavy snowfall and freezing temperatures hit Syria, Lebanon and Jordan on Wednesday, worsening the plight of thousands of Syrian refugees displaced in the region. Temperatures are expected to hit an all-time 40-year low, reaching minus 14 degrees Celsius and even lower, according to aid organizations, including…

The Independent UK

Lebanon's poorest scavenge through trash to survive

Even trash has become a commodity fought over in the streets in Lebanon, mired in one of the world’s worst financial crises in modern history

The Independent UK

UN agency: Palestinians in crisis-hit Lebanon need funds

A U.N. agency is appealing to the international community to donate tens of millions of dollars to help improve living conditions for Palestinians in crisis-hit Lebanon

Asharq Al-Awsat

Lebanese Pound Extends Rally

The Lebanese pound extended a rally against the dollar on Wednesday, strengthening to about 24,000 from 34,000 last week thanks to central bank intervention which economists said was unsustainable unless the government enacts long-delayed reforms. The gains still leave the pound more than 90% weaker than its level in 2019…

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