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The Latest Breaking News from Lebanon

85% of Lebanese People Suffer from Multidimensional Poverty

Rabih, a father of three, lamented that the economic crisis in Lebanon now means that he can no longer feed his children enough. He also has to support his sick mother, saying providing her with medical care is his top priority. “We can no longer afford hospital treatment. We can…

Asharq Al-Awsat

Lebanon Adopts ‘Dollarization’ as Currency, Economy Crumble

When Moheidein Bazazo opened his Beirut mini-market in 1986, during some of the fiercest fighting in Lebanon’s civil war, he didn’t expect it to thrive. But several years later, he had shelves full of food and needed 12 employees to help him manage a bustling business. Those days are over.…

Asharq Al-Awsat

Lebanon adopts ‘dollarization’ as currency, economy crumble

The Lebanese pound has lost 95% in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars to bypass what’s seen as a nearly useless currency

The Independent UK

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SOS diaspora: How Lebanese abroad help their country survive crisis

As their country sinks deeper into a financial crisis, more Lebanese people depend on money sent by relatives living abroad to survive. Remittances sent by the Lebanese diaspora, one of the largest in the world, partly explain why Lebanon has not yet descended into social chaos or full-scale revolt, despite…

France 24

Lebanon to Soon Beat Zimbabwe in Highest Inflation Rate

A recent move by Lebanon’s Central Bank (BDL) to offer to sell the cash dollar through its platform at the rate of LBP 70,000 has temporarily curbed the rapid collapse of the national currency. The price margins of cash trading in the parallel markets fell to around LBP 80,000 per…

Asharq Al-Awsat

Lebanon: Major General Abbas Ibrahim Bids Farewell to General Security, Eyes Foreign Ministry

Major General Abbas Ibrahim concluded a 12-year tenure at the head of the Lebanese General Security, but did not close the door to a future role that he would deem appropriate, including a potential ministerial portfolio. Ibrahim’s term as director general of the General Security Directorate ended on Thursday, as…

Asharq Al-Awsat

Lebanese Supermarkets Mark Prices in Dollars as Local Currency Tanks

Supermarkets in Lebanon started pricing items in US dollars on Wednesday instead of the nose-diving local currency, after a government announcement allowing the practice in a country heavily reliant on imports. Since late 2019, Lebanon has been facing a dramatic economic crisis that has seen poverty rates climb to reach…

Asharq Al-Awsat

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Top Lebanese intel chief, mediator with Syria steps down

A Lebanese intelligence chief who has mediated the release of Westerners held in Syria and also acted as a mediator within Lebanon has stepped down after attempts to extend his term failed

The Independent UK

Geagea to Asharq Al-Awsat: We Will Thwart Quorum to Prevent Election of Hezbollah Candidate

Head of the Lebanese Forces Samir Geagea believes that there are currently so solutions that can resolve the presidential vacuum in Lebanon. “We have grown accustomed to tactics used by Hezbollah in previous presidential elections,” he told Asharq Al-Awsat. He explained that the party will allow the situation to reach…

Asharq Al-Awsat

Chirac Warned Bush against Overthrowing Saddam

French Diplomat Maurice Gourdault-Montagne's memoirs are unlike those of any regular ambassador that fill French libraries year after year. The author of “The Others Don’t Think Like Us” is no ordinary ambassador. Now retired, his long diplomatic career took him to Tokyo, Beijing, Berlin and London. He was France’s sherpa…

Asharq Al-Awsat

Lebanon Security Chief's Term to End after Authorities Skip on Renewal

The term of Lebanon's powerful General Security chief Abbas Ibrahim is set to end this week as neither cabinet nor parliament have discussed a measure that would allow him to stay on after reaching the legal retirement age. Ibrahim, who hails from southern Lebanon, has headed the General Security directorate…

Asharq Al-Awsat

Lebanon: Mikati Rejects Accusations of Interfering in Judiciary

Caretaker Prime Minister Najib Mikati reiterated that his calls on the outgoing Interior Minister to block judicial “violations” taken by FPM Judge Ghada Aoun against local banks are not considered an interference in the judiciary. He emphasized that some decisions must be taken for the good of the country. “We…

Asharq Al-Awsat

Lebanese State Media Archives Looted in Heart of Beirut

Unknown assailants broke into the offices of Lebanon’s state-run National News Agency and stole the servers that contain its archives, the Information Ministry said Monday. The theft occurred in a tightly secured area, further reflecting the cash-strapped country’s continued decay. The archives are located in a building that houses two…

Asharq Al-Awsat

Lebanon's economic situation 'uniquely devastating', Egypt's 'potentially manageable'

The economic situations in Lebanon and Egypt are both dire, but for now the ramifications are more manageable in Egypt. That's the view of Timothy Kaldas from the Tahrir Institute for Middle East Policy. He told FRANCE 24 that while parallels can be drawn between the countries, there is reason…

France 24

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Asharq Al-Awsat

Israel Reveals Secret Iranian Gold Smuggling Trade to Finance Hezbollah

Israeli Defense Minister Yoav Gallant recently issued an order to uncover a gold smuggling operation between Iran and Venezuela that is funding Lebanon’s Hezbollah terror activity, bypassing sanctions. In a signed document, the Minister revealed that dozens of kilograms of gold were smuggled on an Iranian Mahan Air flight, which…

The Guardian - UK

‘He strangled me. I saw black’: the Syrian woman who fled war to find violence at home

An estimated 1.5 million Syrian refugees live in Lebanon, nine out of 10 in extreme poverty. In such circumstances, female refugees are particularly vulnerable to gender-based violence. Here is one woman’s story

The Guardian - UK

Burned, suffocated, beaten: why women in Lebanon are dying at the hands of their partners

Amid economic crisis and a culture of ‘militarised masculinity’, domestic violence is on the rise in Lebanese households and the sizeable Syrian refugee community

Asharq Al-Awsat

Report: 'Embezzled' Lebanese Cash in Swiss Banks

Banks in Switzerland are holding a substantial amount of the millions of dollars Lebanese central bank chief Riad Salameh is accused of embezzling, Swiss media reported on Sunday. Salameh, 72, faces investigations related to suspicions of money laundering and illicit enrichment in Lebanon and abroad after he amassed a fortune…

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Asharq Al-Awsat

Key Hezbollah Financier Faces 20 Years in Prison

A US federal prosecutor announced the arrest of a Lebanese-Belgian citizen considered a major financier of Iran-backed Hezbollah in the Romanian capital, Bucharest. US Attorney Breon Peace in Brooklyn said that Mohammed Ibrahim Bazzi, 58, designated by the US as a “global terrorist” in 2018, when it offered $10 million…

The Independent UK

Lebanese banks to suspend open-ended strike at PM's request

Lebanon’s struggling banks have decided to suspend their strike for one week, following a request by caretaker Prime Minister Najib Mikati

Asharq Al-Awsat

Lebanon's Central Bank Governor Charged with Corruption in Final Months of Term

Beirut’s public prosecutor on Thursday charged the governor of Lebanon's Central Bank, Riad Salameh, his brother and an associate with corruption, Lebanese officials said. According to two judicial officials, Beirut's Attorney General Raja Hamoush charged Salameh, his assistant Marianne Howaiyak, and his brother Raja Salameh with embezzling public funds, forgery,…

Reuters

Explainer-The probes into Lebanese central bank chief Salameh

Lebanese authorities charged longtime central bank governor Riad Salameh, his brother Raja and one of his assistants on Thursday with money laundering, embezzlement and illicit enrichment after months of delay in the high-profile case.

The Independent UK

Lebanon's Central Bank governor charged with corruption

Lebanese officials say Beirut's pubic prosecutor has charged the governor of the cash-strapped country’s Central Bank, his brother and an associate with corruption

Asharq Al-Awsat

UK Ruling Delivers Rare Victory for Beirut Blast Victims

A British court has ruled a London-based company that delivered the explosive ammonium nitrate to Beirut's port is liable towards the victims of a devastating blast in 2020, Lebanon's Beirut Bar Association said Thursday. On Aug. 4 that year, hundreds of tons of the chemical, typically used in fertilizers, detonated,…

The Independent UK

UK ruling delivers rare victory for Beirut blast victims

A British court has ruled a London-based company that delivered the explosive ammonium nitrate to Beirut's port is liable towards the victims of a devastating 2020 blast, according to Lebanon’s Beirut Bar Association

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