News Lebanon: Analysis: Seven years after crisis, Lebanon's banks struggle to survive
Bank customers and Depositors Association members hold placards during a protest organized by the "Depositors' Outcry," a group campaigning for the rights of depositors, in Beirut, Lebanon, in ...
News Lebanon: Saudi Arabia to consider resuming Lebanon imports, lifting travel ban
Saudi Arabia will review “obstacles” to resuming Lebanese imports and ending a ban on its nationals visiting Lebanon, the two governments said. The announcement was made in a joint statement released ...
News Lebanon: Lebanon, Virginia insurance agent indicted on embezzlement charges
LEBANON, Va. (WJHL) — A Lebanon, Virginia insurance agent was indicted by a grand jury on multiple counts of embezzlement Monday. A release from the Commonwealth Attorney’s Office in Russell County states a county grand jury returned true bills of indictment against the former operator of Lebanon Insurance Agency, Jessica Ray-Pruitt. Ray-Pruitt was indicted on […]
News Lebanon: Second expansion in Lebanon will create NewCold's largest global facility
Phase three of NewCold’s expansion in Lebanon is the company’s largest project worldwide, both physically and financially. The city of Lebanon, the Boone County Economic Development Corporation and the state of Indiana made a joint statement last week about the company’s second expansion in fewer than two years. “NewCold’s [phase three] expansion in Indiana is a testament that global companies ...
News Lebanon: Lebanese currency collapsing at record speed
BEIRUT: The Lebanese pound depreciated at record speed, reaching 143,000 pounds to the US dollar on Tuesday afternoon, after dropping 20,000 pounds in under 24 hours. Hundreds of people took to the ...
News Lebanon: Lebanon’s Currency Has Lost 98% - Can It Be Saved?
Once a financial hub of the Middle East, Lebanon now faces one of the worst economic crises in modern history. With a crumbling banking system, an unsustainable currency peg, and government gridlock, the country is struggling to stabilize its economy. A floating exchange rate, fiscal reform, and international assistance may offer a path forward, but political elites remain a major obstacle to change. What will it take to fix Lebanon’s economy?
News Lebanon: Lebanon signs $250 million World Bank loan for electricity reform
Lebanese Finance Minister Yassine Jaber signed a $250 million loan agreement with the World Bank, aimed at alleviating Lebanon's long-standing electricity crisis, a statement by the ministry said on Thursday. The signing took place during high-level meetings in Washington on the sidelines of the International Monetary Fund (IMF) and World Bank spring meetings, the statement said. Jaber also announced that Lebanon has secured preliminary approval to increase the value of this loan to $400 million
News Lebanon: Lebanon gets $250 million World Bank loan to ease electricity crisis
The World Bank will grant Lebanon a $250 million loan that will be used to help ease electricity cuts in the crisis-hit country, the country's finance ministry said Thursday. Lebanon has faced major electricity problems for decades, but the situation became worse following an economic meltdown that began in late 2019. The 14-month Israel-Hebzollah war that ended in late November also badly damaged electricity and other infrastructure in parts of Lebanon.
News Lebanon: Americans in Lebanon and Israel had to pay for their own emergency flights out of each country
Federal law requires U.S. citizens who have been evacuated abroad to reimburse their transportation costs. The roughly 1,500 Americans who left Israel on chartered planes after Hamas’ Oct. 7, 2023, ...
News Lebanon: Lebanon and Syria Convene Investment Forum to Redefine Ties
Government officials and business leaders from Lebanon and Syria met in Beirut to explore new avenues for economic cooperation and investment.
News Lebanon: Syria, Lebanon discuss reconstruction, investment at Beirut forum
LONDON: The first Syrian-Lebanese Investment Forum was held on Wednesday in Beirut, bringing together government officials and business leaders from the two neighboring countries to discuss ...
News Lebanon: Why is Israel attacking Lebanon’s Nabatieh, the major southern city?
Beirut, Lebanon – The Israeli military ordered the forced displacement of the population of Lebanon’s southern city of Nabatieh on Tuesday, amid an escalation of its campaign – ostensibly against ...
News Lebanon: Israeli Airstrikes Target Nabatieh in Southern Lebanon
A series of Israeli airstrikes hit the town of Nabatieh Al-Fawqa in southern Lebanon, with reports indicating the creation of a 'fire belt'.
News Lebanon: Aoun chairs security meeting on situation in south Lebanon, stresses army role in Nabatieh
President Joseph Aoun chaired a security meeting at Baabda Palace on Wednesday to discuss the security situation in southern Lebanon, with a particular focus on the Nabatieh area. The meeting was ...
News Lebanon: US Urges Lebanon to Cut Iranian, Hezbollah Financial Networks
US Treasury Secretary urges Lebanon to disrupt Iranian and Hezbollah financial networks, emphasizes financial reforms to restore banking confidence during ...
News Lebanon: Lebanon resumes exports to Saudi Arabia following lifting of 5-year-ban
The first shipment of Lebanese exports to Saudi Arabia has left Beirut on Saturday for Jeddah Islamic Port, marking the resumption of trade after a five-year ban imposed due to widespread smuggling activities.
News Lebanon: XRP, Bitcoin, and Ethereum slip as Lebanon strikes threaten to unravel the Iran ceasefire
Quick ReadXRP, Bitcoin, and Ethereum each fell roughly 3% to 4% as fresh Israeli strikes in southern Lebanon threatened the U.S.-Iran peace deal signed this week.The drop has erased the gains cryptocurrencies made on the optimism around the peace deal.Traders are selling the ceasefire news instead of trusting it because the April truce collapsed on...
News Lebanon: A Conversation with Lebanon's Minister of Finance, H.E. Yassine Jaber
Please join the CSIS Middle East Program for a discussion with Lebanon's Minister of Finance, H.E. Yassine Jaber.
