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The Latest Breaking News from Lebanon

Lebanese Prosecutor Overturns Decision Barring Banks from Shipping Money

Lebanon's top prosecutor on Monday overturned a judicial decision that last week instructed customs authorities to prevent six banks from moving money out of the country, a senior judicial source told Reuters. Last week's decision by Judge Ghada Aoun prompted the banking association to warn that the banks - including…

Asharq Al-Awsat

Lebanon’s Central Bank Chief Is Suspect in 120 Mln Euro Asset Freeze Case

Lebanese central bank governor Riad Salameh is a suspect in a case the European Union's criminal justice agency said on Monday had led to the freezing of some 120 million euros ($132 million) of Lebanese assets, prosecutors in Germany said. The properties and bank accounts, linked to five people suspected…

Asharq Al-Awsat

EU states freeze $130 million worth of Lebanese assets

A European Union agency says authorities in three European countries have frozen more than $130 million in assets linked to an investigation into money laundering in Lebanon

The Independent UK

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Lebanon's central bank chief is suspect in 120 million euro asset freeze case -German prosecutor

Reuters

Aboul Gheit to Asharq Al-Awsat: Iran Uses Arab Crises as Pressure Cards to Confront the West

Arab League Secretary General Ahmad Aboul Gheit said that the possible understanding between the United States and Iran in the ongoing nuclear negotiations in Vienna, “does not end” the Iranian nuclear threat, calling on Tehran to stop its “adventures” on Arab land, and to refrain from using Arab files to…

Asharq Al-Awsat

Ukraine War Threatens Food Supplies in Fragile Arab World

Layal Aswad was already exhausted by Lebanon’s devastating two-year economic collapse.

Asharq Al-Awsat

Rahi Refuses Turning Lebanon into a Dictatorship

Lebanese Patriarch Bechara Rahi warned on Sunday from attempts to turn Lebanon into a “police state and dictatorship.” Rahi accused the authority of imposing selective and biased judiciary measures and of fabricating charges to postpone or annul the parliamentary elections scheduled next May. Rahi said those in charge in Lebanon…

Asharq Al-Awsat

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Ukraine war threatens food supplies in fragile Arab world

Soaring energy and food prices triggered by Russia’s invasion of Ukraine are pushing some Middle Eastern and North African countries to the brink

The Independent UK

Lebanese tattoo artist helps breast cancer survivors to heal

For Lebanese breast cancer survivor Roula Saad, a decade-long struggle with the disease was not over until tattoo artist Joa Antoun concealed her surgical scars, helping her deal with the physical and psychological impact of a double mastectomy.

Reuters

Lebanese parliament to debate capital control law

A draft Lebanese capital control law will be discussed by parliamentary committees on Monday and put to a vote on Tuesday if the text is agreed, two lawmakers said, a new bid to pass the long-delayed law amid a standoff between banks and some judges.

Reuters

Lebanon’s Geagea Says Judicial Decisions against Party Unlawful

Lebanese Forces (LF) leader Samir Geagea said on Saturday that recent judicial decisions against his party were against the law. Speaking at a news conference days after a judge charged him over deadly violence in Beirut in October, Geagea said that the judicial decisions were aimed at tarnishing the image…

Asharq Al-Awsat

Lebanese PM expects progress in talks with IMF over meltdown

Lebanon's prime minister says talks between his government and the International Monetary Fund over an economic recovery plan should make progress in the next two weeks

The Independent UK

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

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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

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…

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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

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.

Daily Mirror

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

Asharq Al-Awsat

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…

The Independent UK

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

Reuters

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.

Asharq Al-Awsat

'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.

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