Agenda-setting newspapers and TV stations facing scramble to survive amid state dysfunction For nearly 80 years since its postwar independence, Lebanon has been a haven for regional media, giving a platform to journalism and entertainment that few other countries in the Middle East would dare to match. Its newspapers ... Read More »
Cabinet session to approve final policy statement Thursday
A Cabinet session to approve the final draft of the Cabinet’s policy statement is set to take place Thursday, Information Minister Manal Abdel Samad said Monday. “We are implementing short and medium-term plans, with clear and targeted goals,” Abdel Samad told reporters after the ministerial committee tasked with drafting the ... Read More »
Lebanon banks tighten withdrawal caps, sparking outcry
Major banks in Lebanon began tightening banking controls this month, halving the amount of dollars depositors are allowed to withdraw every month, despite growing public anger. Faced with a dollar liquidity crunch, banks have imposed informal controls on dollar withdrawals and transfers abroad since September amid widespread anti-government protests and ... Read More »
Draft of Lebanese financial rescue plan promises ‘painful’ steps
Lebanon’s new government will look to reduce interest rates and recapitalise banks as part of a broad plan that includes taking “painful” steps to escape a deep financial crisis, according to a draft policy statement seen by Reuters. The 17-page statement, which may still be amended, will form the basis ... Read More »
Diab: Several ways out of ongoing crisis
Lebanon’s new prime minister said Wednesday that there were ways out of the economic and financial crisis that the country was facing after he held a number of meetings with ministers and senior World Bank officials. Prime Minister Hassan Diab headed a number of meetings in Beirut Wednesday where he ... Read More »
Macron hopes new govt fulfills Lebanese people’s aspirations
French President Emmanuel Macron over the weekend congratulated President Michel Aoun on the formation of a new government and reiterated his country’s support for Lebanon. Speaking over the phone to Aoun Saturday, Macron expressed his hope that the new government will work to fulfill the aspirations of the Lebanese, according ... Read More »
PM Diab Presides 20-member Government: Names & Portfolios
After around one month of consultations, Prime Minister Hassan Diab concluded the government’s line-up and visited Baabda Palace where he met with President Michel Aoun before the two men signed the formation decree. The new government is composed of 19 members in addition to the premier: 1. Prime Minister: Hassan ... Read More »
Cabinet deadlock persists, fears mount of drift to chaos
Despite a surge in violent clashes between protesters and security forces in Beirut over the weekend that threatened to plunge the country into turmoil and chaos, the formation of a new government remained stalled Sunday over the representation of some parties. The weekend’s clashes, in which riot police fired tear ... Read More »
New government lineup close after hold-up
In an unexpected turn of events Wednesday, Prime Minister-designate Hassan Diab appeared close to finalizing a lineup for his government, political sources said. “There are still two or three names that need to be sorted and God willing the lineup will be finished,” a Baabda Palace source told The Daily ... Read More »
Lebanon regains vote at United Nations after making payment
Lebanon has regained its full voting rights at the United Nations after paying part of what it owes the world body, U.N. spokesman Stephane Dujarric said on Monday. Under U.N. rules, a country can lose its General Assembly vote if is in arrears by any amount that equals or exceeds ... Read More »