The Ambassador of the United Arab Emirates to Lebanon, Hamad Al-Shamsi, underlined mutual interests between Lebanon and the UAE, noting firm political relations between the two countries, the National News Agency said on Friday.
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Qatar has reportedly bought Lebanese treasury bonds in a planned investment in Lebanese debt, Bloomberg News Agency said.
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U.S. Acting Assistant Secretary of State David Satterfield is expected in Beirut on Tuesday to resume talks on the demarcation of maritime and land border between Lebanon and Israel, thwarting doubts the talks have faltered, al-Joumhouria daily reported on Friday.
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After Moody’s Investor Service report that Lebanon risks debt rescheduling despite budget, it has been noted that the report was rather “analytical” and did not classify the country, al-Joumhouria daily said on Friday.
Financial sources who spoke on condition of anonymity told the daily: “Moody's report is rather analytical and did not credit rate Lebanon. Rating will take place over the next two months by Moody's and Fitch Ratings during a planned visit to Lebanon to assess the economic and financial situation and publish the credit opinion on the 2018 results, and on the draft budget for 2019.
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An Islamic State group militant involved in “dozens of terrorist attacks” in Lebanon has been arrested, the army said on Thursday.
“The Intelligence Directorate has arrested the terrorist Hussein Ahmed al-Hujeiri who belongs to the Daesh group and is wanted on multiple arrest warrants,” the military said in a statement.
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Two Syrians were handed jail sentences on Thursday on charges of involvement in acts of terror, the National News Agency reported.
“The Military Court sentenced the Syrian Abdul Azim al-Mghayzel to three years' hard labor and the Syrian Kamal Ghannoum to a year in prison,” NNA said.
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President Michel Aoun said that fighting corruption is not a “seasonal” process, but rather a permanent practice shared between the state institutions and citizens who are supposed to work alongside the supervisory bodies.
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Moody's Investors Service said that the slowdown in capital inflows in Lebanon and the decline in deposit growth are fueling the government's move to take measures including debt restructuring or another liability management exercise that may constitute a default.
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The Progressive Socialist Party on Thursday said that its leader and ex-MP Walid Jumblat had received a telephone call from Palestinian President Mahmoud Abbas praising his support for the Palestinian cause, the National News Agency reported.
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General Security chief Abbas Ibrahim affirmed on Thursday that the Directorate “has not handed any Syrian dissident to the Syrian authorities,” stressing that Lebanese laws ban illegal entry and will deport to Syria anyone trying to enter “illegitimately,” the Saudi Asharq al-Awsat newspaper reported on Thursday.
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