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Sectarian tensions mount in Lebanon amidst financial crisis

Lebanon’s top Christian cleric stepped up criticism of the Iran-backed Shi’ite group Hezbollah and its allies without naming them on Sunday, saying Lebanese rejected being isolated from their allies and driven into decline. Lebanon is suffering a financial meltdown which marks the biggest threat to its stability since the 1975-90 …

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Lebanese PM on war path with AUB

Lebanese Prime Minister Hassan Diab is suing the American University of Beirut (AUB), where he worked for 35 years as an academic, a spokesman for Diab said, in a dispute over his exit package from the financially struggling institution. AUB, which has been hit hard by Lebanon’s economic meltdown, declined …

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Lebanon fixing exchange rate to help imports

The Lebanese central bank will provide foreign currency at a fixed exchange rate of 3,900 Lebanese pounds per dollar for importers and manufacturers of essential food items, it said on Monday. The central bank “will secure the necessary amounts in foreign currency to meet the needs of importers and manufacturers …

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Saad Al-Hariri bomb plot being investigated

Lebanese security forces are investigating an explosion 11 days ago that took place near the convoy of former Prime Minister Saad al-Hariri, Hariri’s office said on Sunday. Hariri’s office said the incident, in which nobody was hurt, took place during a tour of the eastern Beqaa valley and was not …

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Baabda Conference: crisis in Lebanon more dangerous than war

Stable security is essential for political, economic and financial stability, while confronting attempts to incite strife is the collective responsibility of all the country’s political parties, top leaders said in a statement Thursday after attending “national talks” at Baabda Palace boycotted by key opposition figures. President Michel Aoun chaired a …

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Bhebbak ya lebnan [I love you Lebanon]

Lebanon: whenever you hear this word, it is usually in some American film, most probably linked to a terrorist group, a war, or something similar. Not the land of Cedars – which are almost gone anyways – not the bridge between east and west, not the land of the best …

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Affected by Corona in Lebanon

People all around the globe are currently directly, or indirectly, affected by the novel coronavirus SARS-CoV-2. The Levant News publishes voices from a wide variety of people with different backgrounds. After stories from the Netherlands, Saudi Arabia and Italy today George Labaki writes from the mountains of Lebanon. As a …

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Crowd Funding campaign launched in Lebanon to help poor families

The Global Compact Network of Lebanon (GCNL) launched a new campaign “الليرة بتشبع” in collaboration with the World Food Programme (WFP) Wednesday to support a two-month crowd-funding campaign. The campaign led by the private sector in Lebanon is in support of the National Poverty Targeting Program (NPTP). The NPTP is …

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Cannabis finally legalised in Lebanon

The Lebanese parliament legalized cannabis farming for medicinal use on Tuesday. Cannabis is a potentially lucrative export for an economy in dire need of foreign currency as it grapples with a paralyzing financial crisis. Although growing the plant is illegal in Lebanon, cannabis has long been farmed openly in the …

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Lebanon quashes hashish shipments to Africa

Lebanese police have seized about 25 tonnes of hashish. The drugs were set to be smuggled to an African state. According to Lebanese security forces it is the country’s biggest drug bust in recent history. The hashish was hidden in eight trucks which were stopped last month on their way …

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Nabih Berri wants expats back during corona crisis

Lebanese Parliament Speaker Nabih Berri threatened on Saturday to suspend his support for Prime Minister Hassan Diab’s government if it did not act to bring home expatriates stranded abroad during the coronavirus pandemic. Berri is one of Lebanon’s most powerful figures and named the finance minister and others in a …

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Hezbollah okay with IMF loan, but with conditions

Hezbollah does not oppose foreign aid to Lebanon, even from the International Monetary Fund, as long as the help does not impose conditions that harm the national interest, its leader said on Friday. In a televised speech, Sayyed Hassan Nasrallah said his Shi’ite movement, which backs the government, refused conditions …

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Bond holders try to rescue Lebanon

A set of Lebanon’s bond holders are to step up efforts to form a creditor group in the coming days after the country’s presidency signaled on Saturday it would default, one of the members of the group said. The move from Lebanon will come just two days before a $1.2 …

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Lebanese prosecutor refuses to freeze assets

Lebanon’s state prosecutor suspended an order on Thursday to freeze the assets of 20 local banks, warning it would plunge the country and its financial sector into chaos, according to a copy of the decision seen by Reuters. Local lenders are at the heart of a financial crisis crippling Lebanon …

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Hezbollah warns about IMF bailout package

Hezbollah believes that terms required by any IMF bailout package for Lebanon would spark “a popular revolution”, a senior official said on Tuesday, rejecting such a step and calling instead for a “national solution” to a deep economic crisis. Lebanon is in the throes of an unprecedented economic crisis, the …

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Offshore drilling to begin in Lebanese waters

Lebanon’s search for offshore oil and gas will begin on Thursday, President Michel Aoun said, as the country grapples with an unprecedented financial crisis. The results from the first exploratory well are expected in the next two months, the chairman of the Lebanese Petroleum Administration (LPA) said earlier on Wednesday. …

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More clashes, protests in Lebanon

Security forces fired tear gas and water cannon at protesters in Beirut on Tuesday as the Lebanese parliament convened to hold a vote of confidence on the new government led by Prime Minister Hassan Diab. MPs are set to vote on the government’s policy statement which says “painful steps” are …

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Ghosn row reaches Dutch courts

Lawyers for Carlos Ghosn, the fugitive former automotive executive, on Monday argued in a Dutch court for the release of internal documents relating to his dismissal by Nissan Motor (7201.T) and Mitsubishi Motors (7211.T). Ghosn, former chairman of the Renault-Nissan-Mitsubishi alliance who was arrested in Japan in 2018 but fled …

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