Forensic audit into Lebanon’s central bank reveals misconduct and “illegitimate” commissions
August 18th, 20230 BEIRUT — A forensic audit into Lebanon’s central bank by a New York-based company has revealed years long misconduct by the bank’s former governor and $111 million in “illegitimate commissions,” according to a report by the company. It’s the latest chapter in the saga of Lebanon’s embattled former central bank governor...Israel-Hezbollah tensions elevate risks of conflict
August 18th, 20230 An escalating war of words between Israel and Hezbollah in Lebanon echoes heightened tension at the border, with each vowing to return the other to the "stone age" and preparing for a possible conflict even as they deny seeking one. Israel and Hezbollah have avoided war across the Lebanese-Israeli frontier since their last major clash...Two killed in clash between a Hezbollah truck driver and armed Christian villagers
August 12th, 20230 The clashes on Wednesday between Hezbollah members and armed Christian villagers in the town of Kahaleh, which is a Lebanese Forces stronghold, stole the limelight and overshadowed all other events in Lebanon. The clashes that claimed two casualties — a member of Hezbollah and a Christian villager — came after a series of security...Hamas looks to Hezbollah for help restoring peace in the Ain al-Hilweh refugee camp
August 4th, 20230 The Hamas resistance movement has asked the secretary general of Hezbollah, Sayyed Hassan Nasrallah, to make the best effort he could to end the deadly clashes between factions in the Palestinian Ain al-Hilweh refugee camp in southern Lebanon. The head of the Hamas political bureau, Ismail Haniyeh, requested that Nasrallah get...Palestinian clashes continue for a third day at the Ain al-Hilweh refugee camp in Saida, Lebanon
July 31st, 20230 According to local media, heavy fighting between armed Palestinian groups at a refugee camp in Lebanon continued for a third consecutive day on Monday morning. At least nine people have been killed since the clashes began on Saturday. More than 40 people have been wounded. Tensions sparked at the Ain al-Hilweh refugee camp in Saida...U.S sanctions Lebanese brothers who sold “compromised fuel”
April 8th, 20230 WASHINGTON, D.C. — On Tuesday, the U.S. Treasury Department sanctioned two Lebanese brothers accused of selling “dangerously compromised fuel” to Lebanon’s state utility company. The Treasury’s Office of Foreign Assets Control blocked Raymond Zina Rahme and Teddy Zina Rahme from accessing U.S. bank accounts and the larger U.S....Middle East flashpoints that could be affected by Saudi-Iran deal
March 17th, 20230 Here is a summary of the situation in parts of the Middle East where Iran and Saudi Arabia have been involved in proxy conflicts and which could be affected by a Beijing-brokered deal to re-establish relations between the two regional powers. Yemen In 2015, Riyadh intervened in Yemen at the head of a Western-backed coalition...Lebanon’s central bank chief says he will not renew his term
February 21st, 20230 Lebanon's embattled central bank chief Riad Salameh said on Sunday he would leave his post once his latest term ends in July even if he is asked to stay longer. "No one has asked me to continue , but even if they do, I think this is enough," he said in a televised interview with Egypt's AlQahera News on Sunday. Salameh, who became the...Nasrallah warns U.S.: If you push Lebanon into chaos, we will retaliate against your “protégé” Israel
February 17th, 20231 BEIRUT – Hezbollah Secretary-General Sayyed Hassan Nasrallah is threatening the Israeli Karish gas field with warnings that if there is “procrastination” with gas extraction from Lebanese waters for Lebanon, operations will be stopped at the Israeli Karish field. “If there is an intentional procrastination regarding the issue...Lebanese central bank devalues official exchange rate: 15,000 liras for one dollar
February 4th, 20230 BEIRUT – Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90 percent, but still leaving the local currency well below its market value. The lira has crashed since a financial meltdown in 2019 after decades of corruption, profligate spending and mismanagement by the ruling elite...Lebanese protest record low value of local currency
January 29th, 20230 BEIRUT – Lebanese protesters burned tires and held up handfuls of local currency bills on Wednesday at the entrance of the Lebanese central bank in Beirut, furious over the spiraling devaluation of the lira. Lebanon's economic meltdown, which began in 2019, has cost the lira around 97 percent of its value. The decline has been...Lebanese protest as fate of port explosion probe hangs in balance
January 29th, 20230 BEIRUT – More than 200 people protested outside Lebanon's justice palace on Thursday over efforts to derail an investigation into the deadly 2020 Beirut port explosion, as top judges cancelled a meeting to discuss the fate of the inquiry. Judge Tarek Bitar announced on Monday he was resuming his investigation into the blast that...Former Lebanese Parliament Speaker Hussein al-Husseini, architect of Tiaf Peace Accord, dies at 86
January 14th, 20230 Lebanese Shi'a politician Hussein al-Husseini, a former parliament speaker who was an architect of the peace agreement ending the 1975-90 civil war, died on Wednesday aged 86. Husseini, speaker from 1984 to 1992, was central in asserting a larger role for a Shi'a community that was largely downtrodden at the time, including by helping...U.S. court decision against Lebanon’s banks gives hope to depositors
December 20th, 20220 A U.S. court of appeals determined this week that cases against Lebanese commercial banks can be tried outside Lebanon, paving the way for more cases by depositors seeking to unlock their frozen funds. The court decision, issued on Thursday in a case brought by Lebanese depositors against leading lender Bank Audi, overturned a federal...Sendwave app: Send money to loved ones in Lebanon without charging them fees!
December 17th, 20220 By Eric Schloeffel Sending money to Lebanon traditionally includes fees on both sides: You pay a fee to send and your loved one pays a 2 percent fee to receive. But the app from Boston-based company Sendwave has disrupted the U.S.-Lebanon transfer market by eliminating fees for recipients in Lebanon while also offering......
Who is Michael Boulos? Trump’s new Lebanese son-in-law
November 21st, 20220 - This story was originally published in Business Insider Donald Trump's daughter Tiffany, 29, wed billionaire Michael Boulos before 250 guests at the former president's Mar-a-Lago estate in Florida on November 12. Boulos, 25, joins the family after he and Tiffany began dating in 2018. They were engaged in January 2021 with Tiffany...Analysis: Power vacuum adds to risks for crisis-hit Lebanon
November 10th, 20220 Lebanon faces an indefinite government crisis that further complicates the path out of its financial meltdown, adding to risks of instability as hardship deepens and state institutions teeter on the brink of collapse. Lebanon has had neither a head of state nor a fully empowered cabinet since Michel Aoun's term as president ended on......
Israel, Lebanon finalize maritime demarcation deal without mutual recognition; Hezbollah mobilization to end
October 28th, 20220 BEIRUT — Lebanese and Israeli leaders finalized a U.S.-brokered maritime demarcation deal on Thursday, bringing a measure of accommodation between the enemy states as they eye offshore energy exploration. Leaders from Lebanon, Israel and the U.S. have all hailed the deal as "historic" but the possibility of a wider diplomatic...Looped in “line by line”, Hezbollah shows pragmatic side in Lebanon-Israel deal
October 24th, 20220 Before Lebanon's government approved a U.S.-brokered deal settling a decades-long maritime boundary dispute with Israel, the powerful Hezbollah had scrutinized the final draft line by line and given a crucial nod of acceptance. Branded a "terrorist group" by Washington and a sworn enemy of Israel, the Iran-backed Hezbollah was certainly...Lebanese dance troupe crowned winners of “America’s Got Talent”
September 16th, 20220 A Lebanese dance troupe has won the top prize on the popular American television show America’s Got Talent, becoming the first Arab participants to do so. Mayyas, an all-female dance act, won the $1 million prize, and the chance to headline a Las Vegas show, after they received the most votes from the public, beating the other 10...Factbox: Just how bad is Lebanon’s economic crisis?
September 16th, 20220 Savers held up two banks in Lebanon on Wednesday to demand access to their own deposits frozen in the country's paralyzed financial system, underlining desperation among citizens unable to access savings since an economic crisis began in 2019. There were similar incidents in Beirut in August and in eastern Lebanon in January. The......
Depositors hold up two Lebanese banks to grab their own money
September 14th, 20220 Two seemingly armed and desperate Lebanese depositors held up banks on Wednesday to force access to their own money, which has been blocked during a national financial meltdown. One woman with a gun, that she later said was a toy, and some associates briefly held hostages at a branch of BLOM Bank in the capital Beirut, before leaving...Lebanon-Israel maritime talks to conclude in “days”, official says
September 13th, 20220 Maritime border talks between Lebanon and Israel that could help allocate oil and gas resources are close to concluding after around two years of negotiations, a top Lebanese security official told Reuters on Tuesday. "We're talking about weeks — actually, days — to finish the delineation issue," the head of Lebanon's General......
Lebanese chess champion withdraws from international competition
August 23rd, 20220 LEBANON — Nadia Fawaz, a Lebanese chess champion, was matched with an Israeli player, Elia Grozman, in the fourth round of the 28th Abu Dhabi International Chess Festival. Lebanese outlet The961 has reported that Fawaz, however, decided she did not want to play with an Israeli and has withdrawn from the international chess...Nasrallah: “no one” will extract gas from maritime zone if Lebanon is unable to do so
July 15th, 20220 Hezbollah leader Sayyed Hassan Nasrallah had strong words on Wednesday about a maritime oil dispute between Lebanon and Israel. Nasrallah warned that "no one" would be allowed to operate in maritime oil and gas fields if Lebanon was barred from its "rights" in extracting from areas off of its own coast. "If Lebanon is prevented......