Lebanon
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IMF Director: No Signs of a Breakthrough for Lebanon's Economic Crisis

International Monetary Fund Managing Director Kristalina Georgieva said that “there is no reason yet to expect a breakthrough for the economic crisis in Lebanon,” media reports said.

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Fahmi Says 'Foreign Funding' behind Riots, Vows to Sue Road Blockers

Interior Minister Mohammed Fahmi on Friday said authorities possess “certain and confirmed information that foreign interference and financial support are behind the acts of vandalization.”

In an interview with al-Manar TV, Fahmi said the “corruption” of those carrying out the rioting has “spared us a major disaster.”

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Salameh: BDL Can't Control Black Market, Activity in It Limited

Central Bank Governor Riad Salameh announced Friday that Banque du Liban has no ability to control the currency black market while downplaying the size of its transactions.

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Shea Says Nasrallah Threatening Lebanon Stability, Hizbullah Preventing Economic Solution

U.S. Ambassador to Lebanon Dorothy Shea on Friday accused Hizbullah chief Sayyed Hassan Nasrallah of threatening Lebanon’s stability and his party of preventing a solution for Lebanon’s dire economic and financial crisis.

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Lebanon Records 35 New Coronavirus Cases

Lebanon on Friday recorded a significant uptick in the number of confirmed coronavirus cases.

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Geagea Ridicules Outcome of Baabda Talks after Dollar Surge

Lebanese Forces leader Samir Geagea on Friday scoffed at the outcome of the dialogue meeting held Thursday in Baabda, after the dollar reportedly reached a new high on the black market.

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Fresh Protests as Dollar Reportedly Reaches LBP 7,500 on Black Market

Lebanese citizens staged fresh road-blocking protests on Friday, as media reports said the U.S. dollar was selling for LBP 7,500 on the black market.

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Traders, Butcheries Shut Down in South as Economic Crisis Soars

Lebanon's crippling economic crisis has immensely devalued the local currency and purchasing power, sending businesses, traders, small shops and even large institutions to a shutdown and pushing many into poverty.

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Central Bank Launches Electronic Platform for Foreign Exchange Transactions

The Central Bank announced on Friday the launch of the electronic platform specifically created to carry out foreign exchange operations.

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UAE Official: Lebanon Paying Price for Deteriorating Gulf Relations

UAE Minister of State for Foreign Affairs, Anwar Gargash said in remarks to CNBC broadcaster that “Lebanon is paying the price for the deterioration of its relations with Gulf Arab states,” and that the UAE will not consider providing financial support except in coordination with other countries.

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