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Tag Archives: IMF

US says Hezbollah fuel import a PR stunt

The United States on Thursday denounced Hezbollah’s deliveries of Iranian fuel in crisis-hit Lebanon as a public relations stunt and warned that Tehran remained under sanctions. Iran is set to deliver more fuel in the coming days to Lebanon for distribution by Hezbollah, the Shiite movement that has shown its …

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A Reading in the much anticipated Lebanese negotiations with the International Monetary Fund

Lebanon is gripped by an epic financial crisis made worse by the coronavirus pandemic, a year of political deadlock, and a week after its confirmation.By Mohammad Ibrahim FheiliThe new cabinet of business tycoon Najib Mikati held its first meeting Wednesday. He appointed a team who will sit across its International Monetary Fund (IMF) …

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Lebanese cabinet succeeds in attaining confidence vote

Lebanon’s new government won a vote of confidence on Monday for a policy programme that aims to remedy a devastating economic crisis, despite the parliamentary session being delayed when the lights went off due to power shortages. The programme drawn up by Prime Minister Najib Mikati’s government promises to revive …

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IMF gets new Saudi executive officer

Saudi Minister of Finance Mohammed Al-Jadaan has appointed Abdullah bin Zaraa as head of the Saudi executive office at the International Monetary Fund, Argaam reported. Bin Zaraa was chief operating officer and chief executive officer of the National Debt Management Center. Saudi Arabia’s executive office is a permanent member of the …

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Economic emergency government agreed to in Lebanon

Lebanese President Michel Aoun announced the formation of a government on Friday afternoon, ending 13 months of caretaker governance. The agreement over a Cabinet line-up headed by telecoms billionaire Najib Mikati as prime minister, came after weeks of wrangling over the distribution of government ministries between Lebanon’s various political parties. …

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EU bemouns political devision in Lebanon

The European Union’s foreign policy chief said on Sunday a fight among Lebanese leaders to secure power is at the heart of its government crisis and he urged them to set their feud aside and form a cabinet or risk a total financial crash and sanctions. Speaking after talks with …

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Lebanese now allowed to withdraw $800, a month

Lebanon’s central bank yesterday said depositors with accounts active as of October 2019 would be able to withdraw up to $400 a month plus the equivalent amount in local currency, marking a significant concession after a chaotic two days in Lebanese banking. Lebanese banks had locked depositors out of their …

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Pope Francis making to Lebanon soon

During a private audience in the Vatican with Lebanon’s Prime Minister-designate Saad Hariri, Pope Francis on Thursday confirmed that he wants to visit the country as soon as possible. Vatican spokesman Matteo Bruni told a press briefing attended by Arab News that the pope “reiterated his closeness to the Lebanese …

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Dr. Csicsery-Ronay Istvan on The Golden Mean between Local and Global SF

Emad El-Din Aysha: Dear Dr. Csicsery-Ronay Istvan. First please let me apologise for saying doctor. In Arabic countries we take such honorifics very seriously, even when speaking English. Secondly, please tell us something about yourself. Where you teach, your background? What drew you to science fiction and specifically non-Anglophone SF? …

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Army refuses to put down Lebanese protesters

Lebanon’s president told the army and security forces on Monday to clear roadblocks after a week of protests over a collapsing economy and paralysed government, but the army chief warned that troops should not get sucked into the political deadlock. President Michel Aoun issued the call to open up the …

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Jordan escalates IMF reforms with cabinet reshuffle

Prime Minister Bisher al-Khasawneh reshuffled his cabinet on Sunday in a move meant to accelerate IMF-guided reforms seen as crucial to Jordan’s economic recovery from the blow of the coronavirus pandemic, officials said. Six new ministers were named including interior and justice after Khasawneh fired both incumbents last week for …

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Hariri, Macron talk new government, financial crisis

Lebanese Prime Minister-designate Saad al-Hariri on Wednesday dined with French President Emmanuel Macron to discuss the crisis in Lebanon and the difficulties in forming a new government, according to Hariri’s Twitter account. “Presidents Hariri and Macron discussed the internal Lebanese difficulties that hinder the formation of the government and the …

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PM Diab condemns sudden eruption of violence in Tripoli

Lebanon’s caretaker prime minister on Friday condemned overnight violence in the city of Tripoli, where protesters angry over a strict lockdown clashed with security forces and set the municipality building on fire. Thursday was the fourth straight night of unrest in one of Lebanon’s poorest cities, after the government imposed …

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Saad Al-Hariri reiterates call for French roadmap

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 …

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Ex-PM Hariri wants French intervention

Lebanon’s leading Sunni Muslim politician, former premier 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 have Lebanese leaders to …

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Patriarch Al-Rai wants anti-corruption Lebanese cabinet

Lebanon’s top Christian cleric said on Sunday a new government must deliver urgent economic and other reforms in the national interest, rather than returning to past corrupt ways that have plunged the Middle Eastern nation into an economic crisis. Patriarch Bechara Boutros Al-Rai, leader of the Maronite church, has an …

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Walid Jumbulat says Lebanon needs new PM

Lebanon needs a new prime minister to help it exit a deep economic and financial crisis, one of the country’s leading politicians said in an interview published on Wednesday. Veteran Druze power broker Walid Jumblatt said replacing Hassan Diab “should seriously be considered because he has amnesia,” according to comments …

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Tunis jobless protesters target oil pumps

Tunisian demonstrators shut an oil pumping station that feeds a coastal terminal on Thursday, escalating weeks of protests for jobs in the marginalized southern region of Tatouine, witnesses told Reuters. The move places further pressure on Tunisian leaders already struggling with political deadlock following the resignation on Wednesday of prime …

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Sudan okays alcohol, and bans FMG

Sudan will permit non-Muslims to consume alcohol and strengthen women’s rights, including banning female genital mutilation (FGM), its justice minister said late on Saturday, in a reversal of almost four decades of hardline Islamist policies. About 3% of Sudan’s population is non-Muslim, according to the United Nations. Alcoholic drinks have …

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Top ministers booted out of Sudanese cabinet

Sudan’s prime minister replaced the finance, foreign, energy and health ministers and three other senior cabinet post-holders on Thursday as part of a sweeping reshuffle, the government said. Authorities had said a reshuffle was coming, but few had expected the exit of Ibrahim al-Badawi, who as finance minister led efforts …

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Corona crisis erupts into Tunis protest marches

Hundreds of Tunisians protested on Thursday in at least seven cities to demand jobs, heaping pressure on a government facing the worse economic crisis in more than 60 years due to the coronavirus pandemic. In the southern city of Gafsa, a witnesses said hundreds of university graduates gathered in front …

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