November 10th, 20220Lebanon 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...
July 2nd, 20220BEIRUT – Lebanon’s untamed financial crisis is gathering new menace as it heads into a fourth year, with political paralysis dampening hope of reforms that could unlock foreign support and stave off social turmoil, according to analysts, lawmakers and former officials.
The emergency gripping the small country squeezed between Syria...
June 24th, 20220BEIRUT — Lebanon's Najib Mikati was named prime minister on Thursday, urging fractious politicians to set aside differences to secure an IMF deal which he said was the only chance to save the country from financial collapse.
Facing a politically difficult path to agreeing on a new cabinet, the billionaire tycoon who led three...
June 22nd, 20220BEIRUT — Lebanon's caretaker premier Najib Mikati will likely be nominated for a new term on Thursday, political sources said, keeping him at the helm as the country prepares for steep financial and political challenges in the months ahead.
If re-installed, Mikati will have to steer Lebanon through an economic recovery plan that...
March 21st, 20220BEIRUT — A Lebanese judge charged central bank governor Riad Salameh with illicit enrichment on Monday, adding to the number of graft investigations he already faces.
Judge Ghada Aoun told Reuters the case related to the purchase and rental of Paris apartments, including some to the central bank.
Salameh denied the charge when...
September 23rd, 20210BEIRUT — Lebanon's state electricity company said on Thursday it risked a total blackout across the country by the end of September as its fuel oil reserves dwindle.
Lebanon, in the throes of one of the worst economic meltdowns of modern history, has been plagued by worsening fuel shortages for the past few months with most...
September 10th, 20210BEIRUT - Lebanese leaders agreed a new government led by Sunni Muslim tycoon Najib Mikati on Friday after a year of feuding over cabinet seats that has exacerbated a devastating economic collapse, opening the way to a resumption of talks with the IMF.
The breakthrough followed a flurry of contacts with France, which has led efforts to...
June 19th, 20200BEIRUT — A financial adviser working with Lebanon’s government in talks with the International Monetary Fund said on Thursday that he had resigned, citing “no genuine will” to reform and attempts to dismiss the size of losses in the financial system.
Lebanon began IMF talks in May, aiming to secure aid to steer its way out of...
December 14th, 20180AMMAN — Jordanian authorities deployed hundreds of riot police in the capital and warned activists to stay within the law on Thursday as hundreds of demonstrators staged more protests against tough austerity measures backed by the International Monetary Fund.
Large demonstrations in the summer over an unpopular IMF-backed tax bill...
