The commitment to depositors is part of an attempt to break a stalemate on reforms, which are needed to unlock fresh funds from the IMF
Lebanon economic crisis
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Beirut Rafik Hariri International Airport
Lebanon cancels $122mn Beirut airport terminal over ‘corruption’ scandal
Lebanon had announced the construction of a new terminal at Beirut’s airport last Monday, which was set to welcome about 3.5 million passengers annually by 2027
Central Bank of Lebanon
Lebanon’s pound slumps to all time low of 100,000 to US dollar
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The majority of people in Lebanon are unable to secure their social and economic rights
financial crisis
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The country’s deputy prime minister said the government’s plan won’t cover all depositors
Beirut
Armed Lebanese woman storms bank in Lebanon, took hostages and threatened to set herself on fire
The woman and a group of depositors took hostages at Blom bank in Beirut, demanding withdrawals from their accounts
Lebanese politics
Lebanese PM calls for dialogue to strengthen Gulf relations
Najib Mikati said he had embarked on a series of contacts to tackle the government gridlock and resume the cabinet sessions
Beirut blast
Macron announces Saudi initiative to solve Lebanon crisis
French leader said they would do everything possible to help Lebanon re-open its economy and would act urgently to help its people
Beirut
Will $500m fund breathe new life into Lebanon’s private sector?
Lebanon Economic Empowerment Fund will provide debt capital exclusively to qualified privately-owned Lebanese businesses
Bahaa Hariri
Why Lebanon ‘is on the brink’
One year on from the Beirut blast, in an impassioned, exclusive letter, Bahaa Hariri, the son of former Lebanese Prime Minister Rafic Hariri, lambasts state corruption as even Syrian refugees return home for a better life
American University of Beirut Medical Centre
Lebanon hospital says fuel crisis puts ventilators at risk
American University of Beirut Medical Centre said 40 adult patients and 15 children living on respirators ‘will die immediately’ if equipment is unable to operate
Bahaa Hariri
Can Lebanon’s economic ruin be reversed? Bahaa Hariri is counting on it
Billionaire businessman is backing radical citizens’ movement but says he has no plans to become PM
Blom Bank
Lebanon’s banks impose commission fee on international transactions
The move affects Lebanese in and out of the country, including those in the Gulf, making goods and services purchased abroad more expensive
Lebanon economic crisis
How Lebanon’s ski industry is on the brink after Covid ‘disaster’
Snow is known as the ‘white gold’ of Lebanon as it is one of the main tourist attractions in winter
Lebanon coronavirus
Tourism spending slumps in Lebanon as Covid lockdowns take their toll
Spending by visitors to Lebanon dropped by 68% in 2020 as tourist numbers fell sharply amid the ongoing coronavirus crisis