Lebanon is currently on negative outlook at S&P Global Ratings
Lebanon economy
Central Bank of Lebanon
Lebanon facing further ratings downgrade into junk, says Goldman
US bank says Lebanon’s sovereign ranking will probably be cut deeper by S&P Global Ratings within days
Beirut
Saudi Arabia in talks to sign 23 investment deals in Lebanon
Lebanese government is aiming to raise $11 billion in loans and grants to boost its reserves
Ali Hassan Khalil
Lebanon’s $900m budget fix masks risks as arrears pile up
Lebanon has pushed through a budget touted as the most austere in the country’s history in the hope of appeasing investors, donors and rating companies
Central Bank of Lebanon
Lebanon cabinet approves austerity budget
Finance Minister Ali Hasan Khalil says budget aims to rescue economy crumbling under massive debt
Baabda
Lebanon cabinet reaches consensus on 2019 budget: minister
Budget set to include spending cuts, reduction in public sector benefits and pensions, and the introduction of series of tax hikes
Beirut
UAE set to lift travel ban on Lebanon ‘soon’
Visiting UAE Ambassador to Lebanon Hamad Al Shamsi says the ban would end soon to revive country’s vital tourism sector
Beirut
Lebanon’s PM Hariri warns of unprecedented austerity in 2019
Lebanese Prime Minister Saad Hariri said the country would be heading to an economic catastrophe if the government fails to implement harsh reform measures in this year’s spending plan.
Beirut
Lebanon said to plan $2bn eurobond issue
Lebanon is planning to cut its budget-deficit-to-GDP ratio from 11% to 9%, according to a top government economic adviser
budget deficit
Lebanon approves plan to provide electricity 24 hours a day
The decision is a step towards unlocking billions in aid pledged to Lebanon in exchange for slashing public spending and overhauling the electricity sector
budget deficit
Lebanon’s brief morale boost is giving way to frustration among investors and creditors
Lebanon’s economy is creaking under the strain of public debt, which the World Bank has warned is on ‘an unsustainable path’
Arab economy
No Arab should leave Lebanon if we implement reforms, says Saad Hariri
Lebanese Prime Minister Saad Hariri has called on Arab economies to integrate to improve opportunities for youth across the region
Bruno Le Maire
Can Globalism 4.0 fix the world?
Capitalism is verging on collapse, according to world leaders calling for ‘Globalism 4.0’
Davos Forum
‘This is Lebanon’s last chance, there will be no other’: Saad Hariri
PM Hariri said passing reforms was crucial and once passed would result in a changed and improved Lebanon
Dubai
We need to have more women in leadership roles, says Lebanese PM
In January, Saad Hariri awarded the portfolio of Ministry of Interior to Rayya Al Hassan, the first time a woman has held the role in the Arab World.
Annual Government Summit
Lebanon expects allies to help maintain pound’s stability
Saudi Arabia’s finance minister saying last month that the kingdom would support Lebanon ‘all the way’
Baabda
Lebanon announces government after 8-month delay
Lebanon’s new government line-up is to see four women take up office, including at the head of the interior and energy ministries