Lebanon Economy

In Depth: After being returned to Lebanon without being allowed to seek asylum, two Syrian refugees are suing the Cypriot government over its pushback policy and hope their case will help end the deadly practice. When Ahmad* and Hussein* saw the Cyprus Coast Guard, they thought their perilous journey was over. In the fall of …

BEIRUT: In recent weeks in Lebanon, there has been a series of violent attacks and other crimes committed by Lebanese against Syrian refugees and vice versa. The attacks have led to an increase in discriminatory rhetoric targeting Syrian refugees in Lebanon, while popular support for their repatriation to Syria has also grown as the situation …

By MICHAEL LIEDTKE – AP Technology Writer BERKELEY, Calif. (AP) — Apple’s profits have tumbled in the past quarter, but the world’s biggest tech company is holding up better than many of its peers as the economy teeters on the brink of a recession. As it grappled with manufacturing headaches and inflationary pressures that vexed …

Since the start of the war, the Kremlin blockade of Ukrainian grain exports via the Black Sea has caused bread prices to skyrocket. Mahmoud Zayyat | AFP | Getty Images With Lebanon already facing its biggest economic crisis ever, the impact of Russia’s war in Ukraine has exacerbated dire living conditions in the Mediterranean nation …

Soki Wu’s food stall, tucked away in a food court in a mall in Singapore, is a crowd favorite for its fresh and juicy ‘chicken rice’, a national dish. But customers have recently started complaining that his chicken doesn’t taste as good as it used to. Wu was forced to switch to frozen chicken after …

The process of structural transformation in the now industrialized economies was generally linear, moving first from agriculture to manufacturing and then from manufacturing to modern knowledge-intensive professional services. But growth in less industrialized countries over the past three decades has not followed this pattern. “Modern” services have provided opportunities for productive growth in “traditional” economies, …

President Michel Aoun confirmed that “Lebanon attaches great importance to the agricultural sector because it is an essential part of the production economy after having been dependent for years on the rentier economy”. The statement came during his meeting at Baabda Palace with the new representative of the Food and Agriculture Organization of the United …

Australia may be facing record inflation, but that’s nothing compared to some countries, as New Zealand is mired in cost-of-living misery – while China watches smugly. Prices are soaring as the nation watches a perfect Covid storm and spiraling fuel and electricity bills as flood-ravaged farmland sees food prices soar. The battle against inflation is …

RIYADH: The United States and Saudi Arabia have an established security relationship, with over SR375 billion ($100 billion) in active foreign military sales that President Joe Biden can draw on during his his visit to the Kingdom. According to the website of the US embassy and consulates in Saudi Arabia, the two countries have developed …

By CHRISTOPHER RUGABER – AP Economics Writer WASHINGTON (AP) — U.S. inflation hit a new four-decade high in June on rising gasoline, food and rent prices, squeezed household budgets and pressure on the Federal Reserve to aggressively raise interest rates – trends that increase the risk of a recession. The government’s consumer price index has …

By CHRISTOPHER RUGABER – AP Economics Writer WASHINGTON (AP) — Last week’s jobs report pointed to a strong U.S. economy with few signs of a recession on the horizon that can withstand higher interest rates, the Reserve Chairman said Monday. Federal of St. Louis, James Bullard. Financial markets are showing flashing signs that an economic …

By KRISHAN FRANCIS and ELAINE KURTENBACH – Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s prime minister said late last month that the island nation’s debt-ridden economy had “collapsed” as it ran out of money to pay for food and fuel. . Short of cash to pay for imports of these basic necessities and …

The United Nations Security Council called yesterday to speed up the formation of a new government in Lebanon, to implement the necessary reforms, Anadolu reported. The press release issued by the President of the Council, Ronaldo Costa Filho, indicates that the members of the Security Council took note of the appointment of Najib Mikati as …

The Middle East Institute Lebanese Program, in partnership with LIFE Lebanon and the Institute for Social Justice and Conflict Resolution (ISJCR) at the Lebanese American University, invites you to an interactive fireside chat with Lebanese Deputy Prime Minister Saade Chami to discuss the latest developments in Lebanon’s financial situation. and socio-economic crises in light of …

STORY: Location: Bchetfine, Lebanon These Lebanese artisans fight to preserve their heritage amid cheaper mass production and economic crisis Hana Fayad’s family has been weaving on a loom for three generations but she fears the age-old craft will die with her [Hana Fayad, Lebanese loom weaver] “Before, they (craftsmen) relied on these crafts, like pottery …

JERUSALEM, July 2 (Reuters) – Israel said it shot down three drones heading from Lebanon to one of its Mediterranean gas platforms on Saturday and accused the Iran-backed Hezbollah group of launching them. There was no immediate response from Lebanon to the Israeli allegation, which came amid tensions between the countries over the location of …

NEW YORK CITY: Last month, the UN observed World Refugee Day against the backdrop of a grim new milestone: the number of people who have been driven from their homes by war, persecution, violence and human rights violations now stands at more than 100 million. The figure is just one of many sobering numbers in …

Lebanon is facing one of the world’s worst economic and financial crises in the past 150 years, according to the World Bank. The Bank called Lebanon’s economic collapse a “deliberate depression”, due to “continued political inaction” and “persistent and debilitating internal political discord”.Lebanon’s three-year financial crisis has now plunged about three quarters of the population …

The alarm on Ahmed Karim Khalife’s phone is set for 6 a.m., so the 22-year-old aspiring architect can join the queue that is starting to form early outside his neighborhood bakery in Beirut. The store opens around 7:30 a.m., and nowadays it often runs out of bread at 9 a.m., Khalife said. “If I don’t …

Christian extremists have destroyed an LGBT monument in East Beirut amid a rise in hate speech against the LGBT community Activists gather outside the Home Office on Sunday to protest the recent rise in homophobia [Getty] Christian extremists have demolished an ornate rainbow flag monument in east Beirut, as Lebanon experiences a spate of homophobic …

Attachments “Introduction” Background Training for Rural Economic Empowerment (TREE) is a program designed to support the transition of men and women in rural or semi-urban areas to decent work using a community-based approach to income generation and skills development. skills. By linking employment and income generation opportunities to training and post-training support, with the engagement …

Lebanon’s Central Bank Governor Riad Salameh speaks during a news conference at the Central Bank in Beirut, Lebanon November 11, 2019. REUTERS/Mohamed Azakir/ Join now for FREE unlimited access to Reuters.com Register BEIRUT, June 21 (Reuters) – Lebanese Central Bank Governor Riad Salameh said on Tuesday the bank’s foreign exchange reserves had fallen by $2.2 …

BEIRUT: The municipality recently removed Hezbollah slogans, images and billboards that had been erected for years on the road to Rafic Hariri International Airport in Beirut. They have been replaced by welcome signs by the Ministry of Tourism to welcome tourists and expatriates returning to Lebanon for the summer holidays. Photos of Hezbollah leaders and …

IRBIL, Iraq: The Iraqi Kurdistan Regional Government is working to create two oil companies, the latest move in the battle between Irbil and Baghdad to control the oil sector in the semi-autonomous region. KRG’s new oil company, KROC, would specialize in oil exploration, while the second – KOMO – would focus on exporting and marketing …

Soaring food and fuel prices in Sri Lanka have precipitated the worst political unrest in the South Asian country in years, as tens of thousands of protesters march for change on an empty stomach. As the government falters alongside its economy, the international community must take urgent action to help stabilize Sri Lanka, where domestic …

In a statement, the organization highlighted the decades of confrontation of the Cuban people against the hegemony of the United States and the example of the revolution in the defense of just causes. The Movement’s press release noted the meeting between the leaders of Mourabitun and the head of the Cuban mission in Beirut, Jorge …

Focus on India — Fuel demand jumped 24% in May; Amazon India seller accuses antitrust agency MUMBAI: India’s fuel consumption jumped 23.8% in May from a year earlier, continuing a recovery from a relatively low base in 2021 when the world’s third-largest oil consumer was plagued by the second wave of COVID-19. Fuel consumption, an …

The Lebanese authorities have declared that the country no longer has the means to continue to welcome the approximately 1.5 million Syrians on its territory and they call on the UN to take its responsibilities. “Lebanon is no longer being able to play policeman for other countries, because we do not receive any help in …

By FATIMA HUSSEIN – Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chairman Jerome Powell “could have used a better word” than “transitional” to describe the expected run of the inflation in the US economy. She added that she hoped it would soon be on the decline. …

A dispute between Israel and Lebanon over their maritime border has hampered energy exploration in the eastern Mediterranean and risks heightening tensions between two foes. After months of stalemate in US-mediated talks, Beirut on Sunday warned against any activity in the disputed area, reacting to the arrival of a ship to develop a field for …

Top Story: Economic Development of Lebanon Matthew Gentry, Mayor of Lebanon Is Lebanon about to go from dormitory community to booming city? Many people think so after Eli Lilly and Company announced plans to invest $2.1 billion to build two manufacturing plants and create 500 jobs in Lebanon’s new LEAP Innovation and Research District. Inside …

In Lebanon, prices for a solar system with batteries range from $3,000 to $13,500, depending on the number of panels and the size of the batteries. Wholesalers and retailers offer solar power systems from 5 amps to 100 amps. The electricity scene in Lebanon is notorious for its long blackouts that leave households, retailers and …

The secret to a viable capitalist approach to macroeconomics may lie less in redistributive intervention or stimulation of consumption than in aligning private greed productively with a public good. It is the idea of ​​having a more productive economy while safeguarding and defending essential public goods: the climate and the environment (in terms of recovering …

BEIRUT (AP) — Dozens of doctors, nurses and medical staff gathered outside the Central Bank in the Lebanese capital Beirut on Thursday after declaring a two-day general strike to protest rapidly deteriorating economic conditions . The strike was declared by two unions of health professionals – the Beirut and North Doctors’ Unions and the Private …

BEIRUT: Lebanese authorities began removing concrete barriers around the country’s parliament building on Monday after former protesters were elected as MPs. The security measures were put in place during the outbreak of massive anti-government protests in 2019. They are to be eased following the election of a dozen reformist newcomers to the 128-member legislature, some …

Beirut (AFP) – Fearing visa hassles could cost him his job in Dubai as an economic meltdown wiped out all options for returning home, Lebanese executive Jad spent around $135,000 on new citizenship for him and his wife . Less than a month after making the payment last year, the 43-year-old businessman received a small …

By MARI YAMAGUCHI – Associated Press TOKYO (AP) — Japan hails a new U.S. economic initiative for the Indo-Pacific that President Joe Biden is expected to roll out during a visit to Tokyo next week, as it demonstrates U.S. commitment to an order regional economy that is not just about market access, an official said …

NNA – The Government of Japan and UN Women in Lebanon have signed an agreement to provide USD 1,294,388.00 to help vulnerable Lebanese women and Syrian refugees meet urgent socio-economic needs. This support will enable vulnerable women of all nationalities and their families to access emergency livelihoods, while ensuring access to quality sanitary products and …

Sunday’s Lebanese legislative elections offer the chance for change – however small – from the corruption, neglect and stagnation that have wrecked the country’s economy, provided relative impunity for Beirut’s devastating port blast. in 2020 and allowed the extremist group Hezbollah to take a greater proportion of seats in the Legislative Assembly. Sunday’s turnout in …

BAALBEK, Lebanon (AP) — It was a sea of ​​yellow as thousands of men, women and children waving Hezbollah flags and wearing the group’s signature yellow caps gathered on a giant pitch in the ancient eastern city of Baalbek to support the heavy armed militant group. One after another, scores of participants vowed to vote …

On May 15, Lebanese voters will go to the polls for the legislative elections while members of the Lebanese diaspora voted last weekend. The contest comes at a time of deep economic crisis and government collapse in the country, but is unlikely to bring about significant change in a dysfunctional political establishment. These elections will …

Beirut, May 10 (IANS) Lebanese Social Affairs Minister Hector Hajjar has urged the international community to compensate the country with $30 billion for hosting displaced Syrians over a long period. “We are counting on the compensation of the international community for Lebanon, which has so far suffered losses estimated at 30 billion dollars,” Hajjar said …

Assuming nothing will stop the legislative elections in Lebanon, 1046 candidates will compete for the 128 seats in the Lebanese parliament for the next four years. (Some candidates may still be disqualified or decide to withdraw their candidacy.) The elections will be held on two dates: from May 6 to 8 for the nearly 250,000 …

He had spent the previous winter in Beirut, on an internship at the Associated Press. Forced to return to his parents’ home near Boston by the COVID-19 pandemic, he contacted Rebecca Joubin, president and professor of Arabic studies at Davidson. Within days, they raised enough money to pay for one year’s school fees for 40 …

JIT WAS not how Rebecca Ego planned to use her law degree. In 2020, she was accepted into a master’s program in America. It would cost $20,000 after scholarships, money she had in the bank. In Lebanon, however, it is almost impossible to withdraw money from the bank: lenders have imposed harsh and arbitrary capital …

As Lebanon prepares for historic legislative elections on May 15, Maronite Patriarch Bechara Boutros al-Rai urges Lebanese citizens to vote massively to preserve the country’s self-determination and identity as it faces its worst crisis since the war of 1975-1990. A delegation of French bishops is expected to visit Lebanon from May 8-12. By Lisa Zengarini …

In a message addressed to Lebanese expatriates who will go to the polling stations to vote on May 6 and 8, the Speaker of the House, Nabih Berri, called on them to “show the widest participation in this national event par excellence and the most important in the history of Lebanon”. and to “go to …

TRIPOLI, Lebanon (AP) — A week ago, the boat carrying Bilal Dandashi, his relatives and dozens of others hoping to flee Lebanon and reach Europe sank in the Mediterranean. Dandashi still doesn’t know if his wife and children are alive or dead. Their boat sank in the dark of night within seconds after colliding with …

Mauritius supports the organization of Expo 2030 by Saudi Arabia because it is the best candidate: minister RIYADH: Mauritius will vote for Saudi Arabia to host Expo 2030 as it believes the Kingdom has the best capabilities among the candidate nations, according to the Mauritian minister in charge of foreign affairs, regional integration and international …

After losing power for 24 hours in 2021, Lebanon continued to face severe power shortages due to years of poor infrastructure investment that led many people to rely on polluting diesel generators. for their food. The Lebanese population currently receives between one and two hours of electricity a day, and with ongoing political instability there …

human rights councilFiftieth sessionJune 13–July 8, 2022Agenda Item 3Promotion and protection of all human, civil,political, economic, social and cultural rights,including the right to development Summary Lebanon is plunged into one of the worst economic and financial crises in its history. The destruction of the national currency, exorbitant price increases and the collapse of the banking …

Sri Lanka recorded the first victims of its spiraling economic crisis several days ago, with one protester dead and 24 others injured. It came from police firing shots at a crowd demanding the removal of a government they hold responsible for the country’s predicament. Now: Citizens cannot access essentials such as fuel, medicine and food, …

A new report released by UNICEF on Wednesday shows that in Lebanon, maternal deaths have tripled and children’s health is at risk amid a severe economic crisis. By Vatican News reporter As a severe economic crisis continues to grip Lebanon, vulnerable people are suffering. Maternal deaths According to a new report released Wednesday by UNICEF, …

A retired Lebanon County veterinarian makes another bid for a seat in Harrisburg. Calvin “Doc” Clements, 71, is running this time for the 48th Senate District seat currently held by Senator Chris Gebhard of North Cornwall Township. Because the two men are running unopposed in the May 17 primary, they are likely to face each …

BEIRUT: A total of 155 candidates from different sects are running in the Lebanese legislative elections scheduled for May 15. The only Shiite candidate on the Hezbollah and Amal Movement lists is MP Inaya Ezzeddine. The remaining Shia candidates are trying to win seats previously won by the Shia duo. Choosing Ezzeddine to represent Speaker …

Bar Elias, Lebanon – A truck backs up with dozens of boxes of tomatoes, onions, carrots and peppers, and parks near a secluded makeshift kitchen at a small pool complex in Lebanon’s rural Bekaa Valley. Omar Abdullah of the Lebanese NGO Sawa for Development and Aid sighs as he reads the receipt. “Food items are …

Political crisis and economic pressure form a deadly cocktail. Sri Lanka and Lebanon provide an example of what can happen if impasse prevents a government from taking timely action to avert catastrophic collapse. Imagine a patient with high blood sugar levels. If said patient does not change course quickly and take the prescribed medications, complications …

BEIRUT: The Saudi and Kuwaiti ambassadors to Lebanon, Walid Bukhari and Abdul-Al Sulaiman Al-Qenaei, have returned to Beirut, arriving on Friday afternoon amid renewed hopes of a reset in diplomatic relations for the country besieged. They landed at Beirut airport less than 24 hours after the Kingdom and Kuwait announced their envoys would return to …

Relations have been strained since last year after a former minister criticized Saudi Arabia’s role in Yemen. Saudi Arabia announced on Thursday that it was sending an ambassador to Lebanon for the first time since a row erupted with Beirut last year over Riyadh’s military intervention in Yemen. The Foreign Ministry “announces the return of …

In 2022, LCRP partners continue to work together to monitor and analyze the impact of the current situation on all populations as well as the overall operating environment in Lebanon. This situation update consolidates this analysis and is used by LCRP partners at the national and field level to adapt existing interventions as needed and …

TEHRAN – A professor of political science at the Lebanese University believes that the solutions to Lebanon’s economic problems must be political in the first place before any economic decision. “The solution must be political in the first place, and after the political solution, we can talk about the economic solution,” Laure Abi-Khalil told the …

The Muslim holy month of Ramadan began at sunrise Saturday in much of the Middle East, where an invasion from Russia or Ukraine has driven up food and energy prices, reported the PA. Driving the news: Muslim-majority countries, including Saudi Arabia, Egypt, Syria, Sudan and the United Arab Emirates, had announced that Ramadan, when many …

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BEIRUT: “Lebanon still needs Arab sponsorship, and (I hope) that all the Gulf countries, in particular, will restore ties with Lebanon, which needs its Arab environment to embrace it,” said Lebanese Prime Minister Najib Mikati during his visit to Doha. Grandstand Saturday. Mikati met Qatari Emir Sheikh Tamim bin Hamad Al-Thani at the forum’s headquarters. …

RAMALLAH: A senior EU official has reaffirmed Europe’s commitment to the Palestinians after its support was partially suspended last year. The comments were made by Oliver Varhelyi, European Commissioner for Neighborhood and Enlargement, during a meeting with senior Palestinian officials in Ramallah on Thursday. The two parties also discussed the implementation of the new EU …

Russia’s month-long siege of Ukraine has caused a shortage of wheat imports from Lebanon and made finding a new source of food a national priority. As the conflict progresses, consumers are already feeling the pain of rising prices and shortages of wheat in the markets. A substitute is urgently needed to mitigate the risk of …

BEIRUT: Lebanese banks on Monday declared a two-day strike to protest against court rulings against Fransabank, Credit Bank, Banque du Liban et d’Outre Mer, Bank of Beirut, Societe Generale, Bankmed and Aoudi Bank. The banks condemned the rulings as arbitrary, noting that some lawsuits filed by depositors relate to their claims to recover US dollar …

By BRUCE SCHREINER – Associated Press FRANKFORT, Ky. (AP) — Legislation to revamp unemployment benefit rules was opposed Friday by Kentucky’s governor, who condemned it as a “callous” move that would lead to more population losses in areas rural. The bill – demanded by business groups – would increase job search requirements for people receiving …

BEIRUT: When Afraa Hashem reflects on life during the siege of Aleppo, she remembers how inventive everyone was. By the end of 2016, Syrian government forces had cordoned off the eastern half of rebel-held Aleppo, with 270,000 people inside, and for months they and Russian warplanes reduced it to rubble. Food was scarce. Hashem’s family, …

RIYADH: Following the consequences of the Russian-Ukrainian conflict and the GCC import ban, Lebanon is keen to restore trade relations with Saudi Arabia, which in 2020 amounted to more than 200 million dollars ‘exports. The country has been stuck in an economic sandstorm that has clouded the region due to inflationary climate and impoverished import-export …

BEIRUT: Supermarket owners in Lebanon blamed “tough measures” by the Banque du Liban for introducing a new payment system for their customers. The change in the central bank requires payment of 50% of the value of purchases in cash and 50% by bank cards, due to the “low liquidity” of the markets, according to Nabil …

Since the 2013 announcement of China’s historic “Belt and Road” initiative, several countries in the region, including Iraq, Syria and Lebanon, have raised the issue of moving east to to benefit from this massive initiative, which should break the vicious circle of crises in which these countries have been plunged for decades. The Chinese initiative …

A view of the Central Bank of Lebanon building in Beirut, Lebanon April 23, 2020. REUTERS/Mohamed Azakir Join now for FREE unlimited access to Reuters.com Register BEIRUT, March 9 (Reuters) – Lebanon’s central bank has asked commercial banks to provide the names of politicians who failed to comply with a circular ordering them to repatriate …

In conservative MENA, women are finding a niche in activewear From Lebanon to Saudi Arabia, women-led businesses are springing up Economic hazards, the pandemic tests fledgling businesses BEIRUT, March 8 (Thomson Reuters Foundation) – Nathaly Daou weaves through an underground fabric store in Beirut, pulling rolls of neon lycra and patterned polyester before settling on …

By Yuras Karmanau – Associated Press LVIV, Ukraine (AP) — Russian President Vladimir Putin warned Saturday that Ukraine’s statehood was under threat and likened Western sanctions against Russia to a “declaration of war,” while a ceasefire the promised fire in the port city of Mariupol collapsed amid scenes of terror in the besieged city. As …

It is sometimes hard to believe that we are in the 21st century when outdated laws are still applied in Lebanon. As politics interferes with women’s rights to the citizenship of their children, as archaic sexist mentalities prevail in society, and as gender discrimination continues in sectarian courts, it is staggering that civil laws impose …

The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF and World Bank Spring Meetings in Washington, U.S., April 8, 2019. REUTERS/Yuri Gripas Join now for FREE unlimited access to Reuters.com Register BEIRUT, March 2 (Reuters) – An International Monetary Fund delegation could visit Lebanon in the second half of March to …

LINCOLN, Neb. (AP) – Nebraska lawmakers will have nearly $500 million in additional tax revenue available for spending or tax-cutting measures this year, plus a record $1.7 billion in the reserve fund. state cash flow, based on new projections approved on Monday. The Nebraska Economic Forecasting Advisory Board predicted a sharp increase in tax revenue …

Queen Meadhbh of Connaught and Cú Chulainn, the famous Ulster warrior, decorate the walls of Camp Shamrock. The Celtic figures were painted by Captain Tommy Dillion while he was stationed at the UN base in southern Lebanon. Capt Dillion’s bright murals sit alongside a depiction of an Irish peacekeeper receiving a flower from a local …

ECONOMIST John Maynard Keynes once said that “in the long run, we are all dead”. The problem with the Nigerian economy is that it is run by people who will die far too soon. When a 79-year-old man leads a country with an average age of 18, a mismatch between the government’s approach and the …

Convoy of Hope responds to disasters and crises of all kinds in places around the world. Some make headlines; Others don’t. Either way, Convoy is committed to bringing hope around the world in times of great need. Tanzania: Locust infestation Huge swarms of locusts have invaded East Africa, with devastating impacts on farmers and community …

BEIRUT, Lebanon — The King and Queen of Jordan had secret Swiss bank accounts worth hundreds of millions of dollars, according to a major data leak from one of Switzerland’s biggest banks. So have the sons of Hosni Mubarak, Egypt’s deposed president, and the business tycoons who prospered during his 30-year reign. Other accounts were …

LONDON: The Lebanese health system is in a precarious state following successive waves of political and economic crisis. As the country reels from shortages of medical supplies, increases in COVID-19 cases and an exodus of skilled medical professionals, the urgency of the sector’s need for external assistance is no longer a subject of debate. In …

ANKARA: Iran has stepped up its long-running cyber campaign against Turkey through state-sponsored hackers, who have been targeting prominent government and private websites in the country since November 2021. Experts believe the enhanced cyberattack is a backlash against Turkey’s attempts to normalize relations with countries such as the United Arab Emirates, Saudi Arabia and Israel. …

By MORGAN LEE – Associated Press SANTA FE, NM (AP) — Senate lawmakers on Saturday proposed additional spending of $150 million as part of revisions to an already-record annual spending proposal that includes increases for school and government employees in state, free tuition for in-state students, an expansion of Medicaid health care for the poor, …

On Thursday, Lebanese Interior Minister Bassam Mawlawi said he was banning “two events” organized by Bahraini opposition figures that were to take place next Friday and Monday. “If these two events were to take place, they would undermine official authorities in Bahrain and the Gulf Arab states, thereby blocking Lebanon’s efforts to strengthen ties with …

TEHRAN — A US congressman has drafted a Lebanon bill that aims to dramatically increase pressure on Lebanon’s leadership and political system. In its Monday edition, the Tehran Times revealed that Senator James Lankford is leading US Congress efforts to craft legislation on the situation in Lebanon that would compel the US administration to refrain …

LEBANON, Va. (WJHL) — If you’ve ever wanted to open a restaurant but lacked the funds to do so, a city in southwest Virginia offers the perfect opportunity for area entrepreneurs. The city of Lebanon, Virginia is offering a $50,000 downtown restaurant incentive grant. The one-time grant will come from the city’s general fund and …

BEIRUT, Feb 5 (Reuters) – Lebanon has received letters from French and Luxembourg authorities requesting information about the bank accounts and assets of the president of the Central Bank of Lebanon, Riad Salameh, two Lebanese judicial sources told Reuters. Sources did not elaborate. A Luxembourg justice spokesman confirmed to Reuters in November that he had …

Major funding will help educate girls in rural Afghanistan – along with the story of an eight-year-old schoolboy who wrote a book and became a library hit. Community classes for rural Afghan children Major funding will enable more than 260,000 Afghan children – 60% of them girls – to attend community education classes in rural …

An Israeli general said on Wednesday it would be foolish to speculate that soldiers might be prosecuted for the death of an elderly Palestinian-American they were holding, a case in which Washington called for “full accountability”. After reprimanding a battalion commander and sacking two officers involved in the January 12 death of Omar Abdalmajeed As’ad, …

Lebanon presented on Sunday its response to the initiative led by Kuwait and the Arab states of the Gulf to end the rift between them. Relations between Lebanon and the Gulf Arab states are at their lowest in years, further impacting the Lebanese economic crisis. The rift was sparked by earlier public comments ex-information minister …

The scale and scope of Lebanon’s deliberate depression leads to the disintegration of the main pillars of Lebanon’s political economy after the civil war. This manifests itself in a collapse of the most basic public services; persistent and debilitating internal political discord; and massive brain drain. Meanwhile, the poor and middle class, who were never …

Rising inflation and post-pandemic economic uncertainty have driven demand for gold to its highest level in two years, according to the World Gold Council. The organization’s latest report shows appetite for the metal hit 1,147 tonnes in the last three months of 2021, its highest level since the second quarter of 2019 and an increase …

LEBANON, Mo. – New job opportunities are coming soon to the Lebanese community. A central Missouri-based company called Ice Cream Factory is expanding its manufacturing facility to the city. The company owners said they plan to produce 100 million pints of ice cream a year. It also means, they said, a total of 130 new …

A participant stands near a World Bank logo at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo Join now for FREE unlimited access to Reuters.com Register Rulers ‘captured’ state for economic gain, bank says Lebanon’s economic implosion is one of the worst …

Monday, January 24 at 7:30 p.m. GMT:There are around 250,000 domestic workers in Lebanon, and around 99% of them are immigrants with work permits. The majority are women from Ethiopia, the Philippines, Bangladesh and Sri Lanka, earning meager wages. They work under the kafala – or sponsorship – system, which has been likened to modern …

Gulf Arab adherence to Jewish minority reflected in Bahrain cemetery restoration project DUBAI: For more than a century, a small cemetery in the heart of Manama served as the final resting place for members of Bahrain’s tiny Jewish community, which is the most established of its kind in the Gulf Cooperation Council region. Located a …

RIYADH: Bitcoin, the leading cryptocurrency internationally, traded higher on Thursday, rising 1.80% to $41,935 as of 11:34 a.m. Riyadh time. Ether, the second most traded cryptocurrency, was priced at $3,128, up 2.55%, according to data from Coindesk. Other news: The UK and Spain are introducing crackdowns on cryptocurrency advertising this week. UK Finance Minister Rishi …

LONDON: The large-scale export of Captagon from Syria and Lebanon is the legacy of a decade of conflict combined with widespread corruption, and reliance on drug revenues is turning both countries into narco -States, according to a new report from Britain’s Channel 4 News. In Lebanon, militias and gangs operating in Hezbollah-controlled areas such as …