Tag Archives: Lebanon

Egypt Independent Polls in crisis-ridden Lebanon opened for a high-stakes parliamentary election on Sunday morning. The election was the first in Lebanon since the 2019 popular uprising demanded the downfall of the ruling elite. Demonstrators had blamed political parties for widespread corruption and mismanagement of the country’s public affairs and …

Ahram Online “The World Bank approved a $150 Million food security soft loan to stabilise prices in Lebanon in the coming months”, the Lebanese Economy Minister Amin Salam revealed on Monday. Salam told reporters that “the loan features a very low-interest rate”, but he did not specify the rate. He …

Egypt Today The Lebanese Deputy Prime Minister Saada al-Shami announced “the bankruptcy of the state and the Central Bank of Lebanon.” on Monday. “Losses would be distributed on the state, the Banque Du Liban, other banks and depositors. Negotiations are currently underway between the Lebanese government and the International Monetary …

Ahram Online The Egyptian government sent 480 tonnes shipment of medical and food aid to Lebanon on Monday. It comes as part of continued support to the Lebanese people in the face of economic hardship. “The shipment was prepared in coordination with the Lebanese side following a meeting between Egyptian …

Egypt Independent The Lebanese government began budget discussions for the first time in over three months at the presidential palace in Beirut on Monday. Ministers probed ways to control the country’s worst economic crisis in history. The meeting was held after the powerful Hezbollah and its main Shiite ally ‘Amal …

Ahram Online Schools, universities and many shops were closed in Lebanon following a general strike by public transportation and labour unions on the worsening economic conditions on Thursday. Protesters rejected hiking fuel prices due to lifting of government subsidies. The blockage began on major highways and main city roads at …

Ahram Online “Lebanon’s mandatory reserves are down to $12.5 Billion, which is only enough to finance subsidies on basic goods for another six months”, said Lebanon’s Central Bank Governor Riad Salameh on Tuesday. The mandatory reserves stood at $32 Billion before the beginning of the economic crisis in 2019. “Lebanon’s …

Mohamed al-Qazzaz – Ahram Online Discussing Egypt’s cooperation with Lebanon to solve the countries energy crisis and develop its economy, Al-Ahram Daily Newspaper interviewed Lebanese Prime Minister, Najib Mikati, during his first official visiti to Egypt on Thursday. First of all, how would you describe your visit to Egypt and …

Ahram Online Lebanese Prime Minister Najib Mikati hailed Egypt’s ‘sincere efforts’ to mobilise international support for Lebanon. His remarks were made at a meeting with Egyptian President, Abdel-Fattah al-Sisi, and senior Egyptian officials on Thursday. At the meeting, President Sisi affirmed “Egypt’s keenness to support the security and stability of …

Ahram Online Lebanese Information Minister George Kordahi announced his resignation at a press conference in Beirut on Friday. Kordahi said he hoped “the much-anticipated move will ease the diplomatic crisis with Saudi Arabia and other Gulf Arab countries”. “The interests of my country, my people and my loved ones are …