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The Latest Breaking News from Lebanon

Lebanon's Banks Threaten to Sue the State

A senior Lebanese official in the financial sector warned that the country was in a severe monetary crisis as a result of explicit duplicity in the state to dealing with the governance of the central bank and the banking system. The danger looms at a time when the talks with…

Asharq Al-Awsat

Lebanon’s Mikati Expresses Hope of IMF Accord in Weeks

A delegation from the International Monetary Fund will start talks in Lebanon on March 29, Prime Minister Najib Mikati said on Saturday, expressing hope of a deal in the coming weeks. "Next Tuesday they will start their mission in Lebanon," he told reporters on the sidelines of the Doha Forum…

Asharq Al-Awsat

Mikati Welcomes Iran’s Support In Electricity Sector

Iranian Foreign Minister Hossein Amirabdollahian said on Friday that Lebanese Prime Minister Najib Mikati welcomed Iran’s readiness to contribute in building two power plants in Lebanon, linking their realization with reaching a nuclear deal between Iran and world powers. During his second day visit to Beirut, the Iranian Minister separately…

Asharq Al-Awsat

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Iran Ready to Supply Wheat to Lebanon, Lebanese President Cites Iranian FM

Lebanese President Michel Aoun tweeted on Friday that Iranian Foreign Minister Hossein Amirabdollahian assured him after their meeting in Beirut that Iran was ready to support Lebanon in all fields, "most notably in the provision of wheat". Lebanon bought the bulk of its wheat from Ukraine until Russia's invasion, and…

Asharq Al-Awsat

Lebanon Banks to Sell Dollars at Approved Rate Starting March 28

Lebanese banks will be allowed to sell the local currency for US dollars and vice-versa starting March 28, on the basis of the rate determined by the central bank's "Sayrafa" platform, the central bank said on Friday. There will be no limitation on the volume of currency exchanged at the…

Asharq Al-Awsat

Amirabdollahian in Beirut, Says Iran Ready to Build 2 Power Plants

Iranian Foreign Minister Hossein Amirabdollahian expressed on Thursday his country’s readiness to contribute in building two power plants in Lebanon, each with a capacity of 1,000 megawatts. The minister said he had discussed the offer during his meeting with Prime Minister Najib Mikati on the sidelines of the Munich Security…

Asharq Al-Awsat

Lebanon: President Says International Pressures Hamper Oil Extraction

Lebanese President Michel Aoun on Thursday said that international pressures have prevented Lebanon’s completion of gas and oil extractions. “Although we have approved the gas and oil extraction projects, international pressures prevented the completion of the work,” Aoun was quoted as saying by his media office. The President affirmed his…

Asharq Al-Awsat

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Israel Foils Largest Arms, Drugs Smuggling Operation from Lebanon

The Israeli police and military announced on Thursday the foiling of another arms and drug smuggling operation from Lebanon. They arrested three Palestinian suspects. The police said the weapons and drugs were smuggled from the occupied Lebanese town of al-Ghajar.

Asharq Al-Awsat

World Cup 2022 qualifier halted due to fan riots in stadium during Lebanon vs Syria

Lebanon hosted Syria in what was a vital World Cup qualifier for both nations, but the contest was marred and halted by significant fan violence in the stadium

Daily Mirror

Lebanon: Brother of Central Bank Chief Kept in Custody

A Lebanese judge decided Thursday to keep the brother of the country’s embattled central bank governor in custody, a week after he was first arrested on corruption allegations, state media reported. The brothers — Governor Riad Salameh and Raja Salameh — have been charged with illegal enrichment and money laundering…

Asharq Al-Awsat

Lebanon to keep brother of central bank chief in custody

Lebanon is keeping the brother of the country’s embattled central bank governor in custody, days after he was arrested

The Independent UK

Distraught Lebanese depositors fight for their life savings

When a Lebanese bank told Aref Yassin it had closed accounts worth $20 million belonging to the professional syndicate he heads and issued a cheque for the balance that was worth a fifth of its face value, he took the matter to court.

Reuters

'Settlements Train' Arrives at Hezbollah Stronghold West of Damascus

The ''train of settlements''1A imposed by the Syrian government in the Damascus countryside pulled into the western Qalamun region, an area of influence for the Lebanon-based Hezbollah militia in Syria.

Asharq Al-Awsat

Mikati Voices Optimism on Lebanese-Gulf Relations

Lebanon’s Prime Minister Najib Mikati said that recent statements by Saudi Arabia and Kuwait augur that the “cloud” that hovered over the country’s relations with the Gulf States is “fading away.” In remarks during a cabinet session on Wednesday, Mikati expressed commitment to the implementation of the ministerial policy statement,…

Asharq Al-Awsat

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Asharq Al-Awsat

UN Seeks Stronger Cooperation with Arab League to Face Challenges

UN Secretary-General Antonio Guterres has called for even stronger cooperation between the United Nations and Arab States to "face the challenges" in Yemen, Sudan, Libya, and Lebanon. Guterres warned that the efforts have an added urgency against the backdrop of the profound global ramifications of the war in Ukraine. Speaking…

Asharq Al-Awsat

Lebanon: Mikati Proposes Inviting Central Bank Governor to Cabinet Meeting

Lebanese Prime Minister Najib Mikati proposed on Wednesday inviting central bank governor Riad Salameh to a forthcoming Cabinet meeting, the information minister said, an apparent show of support after Salameh was charged with illicit enrichment. Salameh has denied the charge brought against him by a Lebanese judge on Monday.

Bangkok Post

Ukraine war's spillover swamps poor countries still reeling from Covid-19

Over the past 120 years, a Beirut bakery has survived civil war, Lebanon's financial crisis and the Covid-19 pandemic. Fighting in Ukraine, disrupting food and energy supplies world-wide, may soon put it out of business.

Asharq Al-Awsat

Aoun Defends Hezbollah, Says it Has No Influence on Lebanon’s Security Situation

Lebanese President Michel Aoun defended Hezbollah on Tuesday, saying the Party has no influence on Lebanon’s security situation. In an interview with the Italian newspaper La Repubblica, Aoun stressed that the Shiite party’s position inside Lebanon is completely different from its view abroad. “Hezbollah has no influence, in any way,…

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Asharq Al-Awsat

Kuwait Welcome Lebanese Govt's Commitment to Restoring Ties with Gulf

The Kuwaiti Foreign Ministry welcomed on Tuesday the Lebanese government's commitment to restoring ties with the Gulf countries. Lebanese Prime Minister Najib Mikati discussed in a phone call with Kuwait's foreign minister, Sheikh Ahmad Nasser al-Mohammad al-Sabah, efforts to return Lebanese-Gulf relations to normal, Mikati's office said in a statement…

Asharq Al-Awsat

Lebanon’s Fransabank Wins Appeal but Vaults Still Sealed, Lawyer Says

Lebanon's Fransabank won an appeal on Tuesday against a judicial ruling that froze its assets but its vaults remained sealed, a lawyer for the man who brought the case against the bank said. Fransabank could not immediately be reached for comment and a lawyer for the bank declined to comment…

Asharq Al-Awsat

Saudi Arabia Welcomes ‘Positive Points’ in Lebanese PM Statement

Saudi Arabia's foreign ministry said on Tuesday it welcomed the "positive points" in a statement by Lebanon's prime minister over the weekend. It hoped that it would help in restoring Lebanon's position and standing in the Arab world and internationally. It stressed that Saudi Arabia hopes for security and peace…

Reuters

Saudi Arabia welcomes 'positive points' in Lebanese PM statement

Saudi Arabia's foreign ministry said on Tuesday it welcomed the "positive points" in a statement by Lebanon's prime minister over the weekend.

Asharq Al-Awsat

Sadeq Al Sabbah Awarded Lebanon's National Order of the Cedar

Lebanese producer Sadeq Al Sabbah was awarded the National Order of The Cedar on Sunday. Held at Beirut's Grand Serail, the ceremony was attended by politicians, artists, and media personalities. The honor was ordered by President Michel Aoun. He was represented at the ceremony by Prime Minister Najib Mikati who…

Asharq Al-Awsat

Mikati: We Won’t Allow Harm to Security of Saudi Arabia or Gulf States

Lebanon’s Prime Minister Najib Mikati underlined the government’s commitment to restore normal relations with the Gulf Cooperation Council countries, stressing that the phone call with the Kuwaiti Minister of Foreign Affairs, Sheikh Ahmad Nasser Al-Mohammad Al Sabah, “falls within this framework.” In a statement on Monday, Mikati said: “I renew…

Asharq Al-Awsat

Pope Francis Tells Aoun Lebanon Is at Heart of His Concerns

Pope Francis reiterated his intention to visit Beirut imminently, stressing that Lebanon was at the center of his concerns. His comments came during a meeting with President Michel Aoun at the Vatican on Monday. A statement by the Holy See Press Office said the talks were “cordial”, adding that the…

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