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The Lebanese pound reached 25,000 against the dollar on Thursday, after having been relatively stable in the past months following a central bank circular that had allowed banks to buy dollar banknotes from the BDL.
The central bank intervention in January had led to a major recovery of the Lebanese lira value as it strengthened to around 20,000 after it had reached a low of 34,000.
Full StoryJudge Nicolas Mansour issued Thursday an arrest warrant against Raja Salameh, the brother of Central Bank Governor Riad Salameh, after questioning him.
Mount Lebanon Prosecutor Judge Ghada Aoun had ordered last week the detention of the businessman Raja Salameh, after questioning him for several hours.
Full StoryPrime Minister Najib Miqati described Wednesday the Lebanese-Gulf rift as a cloud that will pass.
He said at the start of a Cabinet session that the Kuwaiti and Saudi statements indicate that the "cloud that has engulfed the Lebanon-Gulf relations will soon dissipate."
Full StoryMaronite Patriarch Beshara al-Rahi slammed Hizbullah Wednesday by accusing the group of dragging Lebanon into several wars.
"If its weapons are against Israel, why is Hizbullah dragging us into wars in other places," al-Rahi asked in a TV interview.
Full StoryKuwait's Foreign Ministry has welcomed a statement by Prime Minister Najib Miqati regarding Lebanon’s desire to repair its ties with the Gulf.
"We look forward to carry on with the constructive measures aiming at restoring the Lebanon-Gulf ties," the statement said.
Full StorySaudi Arabia on Tuesday welcomed a statement issued by Prime Minister Najib Miqati regrading Lebanon’s desire to repair its ties with the kingdom and the other Arab Gulf nations.
In a statement, the Saudi Foreign Ministry said it “welcomes the positive points” included in Miqati’s remarks, hoping that will contribute to “restoring Lebanon’s role and standing in the Arab and international arenas.”
Full StoryAt least four Israelis were killed Tuesday in a stabbing attack outside a shopping center and a gas station in the southern Israeli city of Beersheba, Al-Jazeera TV reported.
The TV network added that the attacker was also killed in the incident.
Full StoryRaja Salameh, the detained brother of Central Bank chief Riad Salameh, was questioned Tuesday by Financial Attorney General Judge Jean Tannous over the file of the brokerage firm that he owns, Forry Associates Ltd, al-Jadeed TV said.
The TV network added that Salameh was not interrogated by Mount Lebanon First Examining Magistrate Nicolas Mansour due to the Covid-19 infection of a judicial clerk at Mt. Lebanon’s investigations department.
Full StoryThe detained harbormaster of Beirut’s port, Mohammed al-Mawla, has filed a request through his lawyer for transferring the port blast case from the hands of Judge Tarek Bitar to another lead investigative judge.
The request cites the current suspension of investigations and keenness on the proper conduct of justice.
Full StoryConflicting reports emerged Tuesday on whether a court of appeals has ordered the removal of red wax seals from the assets of Fransabank.
"The reports saying the seals have been removed from Fransabank's assets are baseless and the Court of Appeals' ruling prevents the removal of the seals, contrary to what is being rumored," the United for Lebanon activist group said.
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