Lebanon is like a sinking ship that will go under unless action is taken, Nabih Berri, the speaker of parliament was quoted as saying on Monday, referring to the country’s deep economic and political crisis. “The country is like a ship that is sinking little by little,” al-Joumhuria newspaper cited ... Read More »
President Michel Aoun said that he might call for parliamentary consultations to name a new premier on Thursday or Friday if the parties concerned respond positively to the proposals, as he warned protesters against continued blocking of roads and state institutions. “The consultations might be held Thursday or Friday pending ... Read More »
Fighting corruption should be Lebanon’s priority, Hezbollah leader Sayyed Hasan Nasrallah said Monday, saying the party was ready to cooperate with the judiciary in cases involving its members. “If there is any case related to a Hezbollah official, I urge you to start with us, and I guarantee Hezbollah’s respect,” ... Read More »
Lebanese Central Bank Governor, Riad Salameh, pledged Monday that BDL’s (Banque du Liban) main objective is to protect depositors and deposits, underlining that “this is a basic and final matter, and we have taken the necessary procedures so that there will be no losses borne by depositors.” Addressing the Lebanese ... Read More »
Speaker Berri announced the decision during a televised news conference on Monday Speaker Nabih Berri announced Monday that the parliamentary session, planned for Tuesday, has been postponed until the 19th for security reasons. The agenda for the meeting, however, will remain unchanged. On a televised TV interview .. he ... Read More »
The World Bank highlighted the urgent need to stop Lebanon’s “emerging economic crisis” in a statement Wednesday, projecting that if the situation continues, poverty in the country could rise to approximately 50 percent. According to regional director Saroj Kumar Jha, the World Bank had earlier projected a “small recession” ... Read More »
President Michel Aoun said any new government’s first task will be to follow up on combating corruption, during a meeting Monday with United Nations Special Coordinator for Lebanon Jan Kubis. “The investigation will include all officials in all levels of public administrations,” Aoun said, according to a statement from the ... Read More »
Lebanese banks opened on Friday for the first time in two weeks following a wave of protests that prompted the prime minister’s resignation, with lines building at some branches where customers encountered new curbs on transfers abroad. An hour after doors opened, lines of several dozen people had formed ... Read More »
Prime Minister Saad Hariri announced on Tuesday that he would submit his resignation to President Michel Aoun at Baabda Palace. “I am going to Baabda Palace to submit the resignation of this government, in response to the Lebanese who took to the streets,” Hariri said, addressing the Lebanese. “To all ... Read More »
Thousands of people of all ages were gathering in Beirut’s central square Sunday waving Lebanese flags and chanting the “people want to bring down the regime.” BEIRUT (AP) — Hundreds of thousands of Lebanese protesters of all ages flooded major cities and towns nationwide Sunday demanding an end to ... Read More »
Lebanese Ministry of Information