Since summer, these bank heists have become a reality for the Mediterranean country. Lebanese have been dealing with a financial and economic crisis, one of the world’s worst since the 1850s, according to the World Bank. When it started in 2019, banks imposed capital controls overnight that...
production, investment and employment. A financial stress is an exaggerated behavior of stress, panic, uncertainty and insecurity by economic agents in the banking sector, the stock market and debt market, usually expressed in interest rate percentage change," Mansour explained. ...
Rafic Nasrallah explained that the U.S. is putting financial pressure on Lebanon to create social instability which hurts Hezbollah's reputation. "The U.S. aims to create a public opinion against Hezbollah especially among the Shiite community in Lebanon by imposing sanctions against Lebanese compani...
officials, are taking this as an indication of a crippling financial crisis, in light of US sanctions on Iran,” explained Tony Badran, a research fellow at the Foundation for Defense of Democracies. “It is also possible that it’s a propaganda effort tied to a maneuver by the group,...
Lebanon’s financial sector accumulated more than USD 72bn in losses since the 2019 economic crisis, according to the US Department of State’s statement on Lebanon in April. The banks, represented by the Association of Banks in Lebanon, rejected the government's restructuring proposals that ...
president-elect donald trump is picking from his most loyal supporters as he creates his cabinet and appoints others to key roles within his administration. cecelia smith-schoenwalder and alan kronenberg nov. 21, 2024 the icc, explained established in 2002 by the rome statute, th...
This new interest in districts that have been up to now neglected by Christian political groups can only be explained by the hopes that the Orthodox proposal had awakened and the political significance it gave to voters rendered irrelevant by the lebanese electoral system and the post-war ...
Benjamin explained that the lower level parking lot has been very effective in film production rental with trailers and equipment capitalizing on Buckhead as a base. Movie production, which was curtailed because of COVID is now starting to slowly come back. “The Suzuki School rents the building...
Makram Rbeiz, owner of Pate a Choux, a catering and pastry business in Lebanon, further explained that the collapse of the banking sector in Lebanon has made all banks set stringent limits on cash withdrawals in both U.S. dollar and Lebanese pound, which represents the last straw for busine...
Lebanon has been suffering from a steep financial crisis amid shortage of U.S. dollars which hindered the imports of fuel, leading to a rise in the price of the commodity. The crisis weighed heavily on the Lebanese who had to bear the burden of a rising transportation cost at a time when...