Lebanon economy

Lebanese Cabinet wins vote of confidence from Parliament
Middle East

Lebanese Cabinet wins vote of confidence from Parliament

BEIRUT (AP) — Lebanon’s new Cabinet won a vote of confidence from Parliament on Tuesday, paving the way for it…
Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites
Middle East

Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites

LONDON (Reuters) – The worst is yet to come for Lebanon’s banks. The old-style way of running the economy –…
Bloodied but determined, Lebanese protesters take stock
Middle East

Bloodied but determined, Lebanese protesters take stock

BEIRUT (AP) — At a Beirut hospital ward, five Lebanese protesters with bandaged eyes and faces huddled in a circle,…
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
Middle East

Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps

BEIRUT (Reuters) – Lebanon’s new government will look to reduce interest rates and recapitalise banks as part of a broad…
Lebanon parliament passes 2020 budget amidst financial crisis
Middle East

Lebanon parliament passes 2020 budget amidst financial crisis

BEIRUT (Reuters) – Lebanon’s parliament passed the 2020 budget on Monday although its budget and finance committee chief said the…
Rolexes and cars; Lebanese spend big to prise savings from the bank
Middle East

Rolexes and cars; Lebanese spend big to prise savings from the bank

BEIRUT (Reuters) – When she heard Lebanese banks would limit cash withdrawals, Rita, a doctor, rushed out to buy a…
Facing humiliating controls, Lebanese focus fury on banks
Middle East

Facing humiliating controls, Lebanese focus fury on banks

BEIRUT (AP) — Before picking up cash from a downtown bank in Lebanon’s capital, Mey Al Sayegh mentally braces herself…
Facing economic crisis, Lebanon’s government meets for first time
Middle East

Facing economic crisis, Lebanon’s government meets for first time

BEIRUT (Reuters) — Lebanon ushered in a new government that will need to walk a political tightrope, as President Michel…
Violence escalates in Beirut as protesters clash with police
Middle East

Violence escalates in Beirut as protesters clash with police

BEIRUT (AP) — Security forces fired tear gas, water cannons and rubber bullets in clashes Sunday with hundreds of anti-government…
Frustrated Lebanese depositors turn rage on crisis-hit banks
Middle East

Frustrated Lebanese depositors turn rage on crisis-hit banks

BEIRUT (Reuters) — As cash runs short at Lebanon’s banks, so has the patience of depositors. Hit by restrictions on…
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