Everything you need to know about skiing in Lebanon

By Stephanie d’Arc Taylor No offence, but you’re probably wrong about Lebanon. This is a country that upends visitors’ preconceived notions like no other. Think it’s dangerous? You’re many times more likely to be robbed back home, pretty much regardless of where you’re from. Think they don’t like Westerners? Lebanese faces light up when you say […]

New Lebanese government to prepare statement on policy goals

Lebanon’s new government will start preparing its policy statement on Monday, it said on Saturday, as investors monitor commitment to reforms aimed at boosting the economy. The policy statement may provide an early clue as to whether the coalition government can agree on the “bold reforms” that Prime Minister Saad al-Hariri has said are needed. […]

US warns of ‘significant problems’ if Hezbollah channels funds through Cabinet

The U.S would have “significant problems” with Hezbollah using ministerial portfolios to funnel funds in support of its “terrorist agenda,”  a senior U.S government official said Thursday during a roundtable interview in Beirut. Marshall Billingslea, who is currently serving as the Assistant Secretary for Terrorist Financing in the U.S Department of the Treasury, said that his […]

Lebanon finally forms a cabinet

Lebanon announced the formation of a government on Thursday ending over eight months of wrangling amid heightened fears of a major economic collapse. The Western-backed Prime Minister-designate Saad Hariri now faces a big challenge in delivering the reforms needed to address dire public finances and unlock billions of dollars in pledged aid and loans to […]

Saudi Arabia also promises full support for Lebanon

By Natasha Turak| Sam Meredith Saudi Arabia is prepared to do all it can to prop up Lebanon’s ailing economy, the country’s finance minister told CNBC, but stopped short of providing any specific details. His comments come less than 24 hours after Qatar said it planned to buy $500 million worth of sovereign bonds to shore […]

Qatar Says Lebanese Bond Buy Was Good Politics, Sound Economics

Qatar decided to buy $500 million of Lebanese government bonds to stabilize an important Middle East country and secure a good investment, according to the country’s foreign minister.  “Lebanon’s stability is our region’s stability and it’s very important for Qatar,” Mohammed Bin Abdulrahman Al Thani said Tuesday in an interview with Bloomberg Television’s Haslinda Amin […]

Qatar pledged to invest $500 million in Lebanese bonds after Moody’s downgraded ratings

BEIRUT. Lebanon  – A report by Moody’s Investors Service that downgraded the country’s long-term investment ratings reflects the urgent need for quickly forming a new government, implementing reforms and reducing budget deficit, Lebanon’s finance minister and experts said Tuesday. The statement by Ali Hassan Khalil, in which he assured that Lebanon’s financial and monetary conditions are […]

Beirut summit: Arab leaders agree 29-item economic agenda

Arab leaders have agreed a 29-item economic agenda in addition to encouraging the safe return of Syrian refugees to their homeland at the conclusion of the Arab Economic and Social Development Summit. The 20 countries taking part in the summit issued a joint statement called the Beirut Declaration on Sunday, calling for the establishment of an Arab free trade […]

Lebanon urges Arab League to readmit Syria ahead of regional summit

Lebanon’s acting foreign minister called for the Arab League to readmit Syria ahead of a regional economic summit to be held in Beirut on Sunday, more than seven years after it suspended Damascus’ membership. The Arab Economic and Social Development Summit, or AESD, is being held in Lebanon for the first time amid sharp divisions […]

Qatar ruler will attend Beirut’s Arab economic summit but Lebanon Speaker will boycott it

Qatar’s emir will visit Beirut on Sunday for an Arab economic summit which has been marred by regional rifts and internal Lebanese disputes even before it began. Lebanese President Michel Aoun’s office said on Saturday Sheikh Tamim bin Hamad Al Thani had informed it he would come to lead the Qatari delegation. Rifts among Arab […]