Tag Archives: diab

Lebanon can ration $2 billion in reserves left for subsidies to last six more months, the caretaker prime minister said on Tuesday, as the country’s financial meltdown raises fears of rising hunger. Lebanon’s worst crisis since its 1975-1990 civil war has crashed the currency and sent inflation soaring. A looming …

Lebanese veteran politician Saad al-Hariri was named prime minister for a fourth time on Thursday and pledged to form a new government that can tackle the country’s worst crisis since its 1975-1990 civil war. After his nomination, Hariri said he would quickly form a cabinet of specialists “with a mission …

Lebanon’s leading Sunni Muslim politician, former Prime Minister Saad al-Hariri, called for the restoration of a French plan to lift the nation out of its worst financial crisis since its 1975-1990 civil war. Former colonial power France, which has led foreign aid efforts, has tried to rally Lebanese leaders to …

Lebanese banks that cannot increase their capital by 20% by the end of February 2021 will have to get out of the market, Central Bank Governor Riad Salameh told Reuters on Thursday. Those leaving would do so by giving their shares to the central bank, Salameh added. He said he …

Seismological data suggests that six blasts preceded the Beirut port explosion, the last of them a combustion of fireworks that apparently set off a warehouse full of ammonium nitrate, an Israeli analyst said on Thursday. The six blasts were at 11-second intervals during the Aug. 4 incident, with the main …