Lebanon economy
Lebanese Cabinet wins vote of confidence from Parliament
Middle East
February 12, 2020
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
February 11, 2020
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
February 4, 2020
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
February 3, 2020
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
January 27, 2020
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
January 27, 2020
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
January 23, 2020
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
January 22, 2020
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
January 20, 2020
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
January 17, 2020
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…