The Latest Breaking News from Lebanon

Two years after the murder of Lebanese intellectual and Hezbollah critic Lokman Slim, no indictment was issued by the Lebanese judiciary in a country, where impunity has become part of the public scene, as stated by Slim’s sister, Publisher Rasha Al-Amir. Lokman Slim was found dead in his car on…

Lebanon’s caretaker Interior Minister Bassam al-Mawlawi announced on Thursday that the security situation in the country was “still stable”, revealing that his ministry has kicked off preparations to hold municipal elections in May. The minister met with parliament Speaker Nabih Berri, stressing that the security forces will continue to perform…

No feelings of animosity and vengeance are harbored towards the killers of Shiite political activist Lokman Slim. His mother, Salma Mershak has refused to move out of her house in Beirut’s southern suburbs of Dahieh, a Hezbollah stronghold. Many in Lebanon have accused the party of assassinating Slim two years…

The central bank has confirmed the new official rate of 15,000 pounds per dollar, up from little more than 1,500.

Lebanon’s Central Bank has set a new exchange rate that effectively devalues the country’s currency by 90% but did little to bridge the gap with the soaring black market rate

Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value. The pound has crashed since a financial meltdown in 2019 after decades of corruption, profligate spending and mismanagement by the…

Egypt is still seeking assurances that US sanctions will be waived to start exporting gas to Lebanon through Syria under a plan first announced in 2021 to help ease Lebanon's power crisis, a senior French official said on Tuesday. The plan also has yet to go to the World Bank…

Braving the bitter cold, Lebanese villagers have been patrolling a mountainside in the country's north, trying to protect trees from loggers who roll in under the cover of darkness. Near his village of Ainata, "nearly 150 centuries-old oak trees have been felled" in the past year, said Ghandi Rahme, pointing…

Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years. The shift from the old rate of 1,507 to 15,000 is…

The money exchange shop in Lebanon's Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shouted out various rates as customers flocked in carrying plastic bags of the crashing local currency to buy US dollars. "Welcome to the Wall Street of Lebanon," grinned the storefront's owner, a machine…

Lebanon, two international oil giants and state-owned oil and gas company Qatar Energy signed an agreement Sunday that the Qatari firm will join a consortium that will search for gas in the Mediterranean Sea off Lebanon’s coast. Qatar Energy is replacing a Russian company that withdrew from the Lebanese market…