Lebanese fund turns to diaspora to revitalise real estate

Dark apartment windows vastly outnumber the lit in the quiet night streets of Beirut’s waterfront and central districts, a reminder of Lebanon’s long economic and real estate slump. Such unsold luxury properties are now being targeted by the country’s first real estate investment fund, which the founders hope will help revive what was once a […]

Mufti Qabalan: “Lebanon oil wealth is a red line’ warns politicians against stealing it

Grand Jaafarite Shiite Mufti Sheikh Ahmed Qabalan called on the  Lebanese politicians  to end wrangling over the country’s oil and gas wealth, urging them to focus instead on the people’s concerns and livelihood matters. “It is painful to see the ruling class is trying to secretly put their hand on the oil wealth, while the country is […]

Geagea: Recent student elections reflect LF’s wide popularity and representation

Lebanese Forces chief Samir Geagea on Saturday said the recent student elections reflect the wide popularity and representation of the Lebanese Forces, as he hinted at Free Patriotic Movement chief Jebran Bassil saying the “main goal of some is to curtail the LF representation.” “The recent student elections gives us an idea of real popular […]

Macron warns Aoun that Lebanon could lose the grants if cabinet formation deadlock persists

French President Emmanuel Macron refrained from making a statement after his meeting with President Michel Aoun on Friday, despite the grave consequences for Lebanon  over the  government deadlock, al-Joumhouria daily reported on Saturday. According to information obtained by the daily about the meeting between the two men, on the sidelines of the Francophone Summit in Armenia,  that Macron […]

Christian group accuses Hezbollah of threatening them

Maronite Christian group Lady Mountain Lebanon have accused Hezbollah of threatening them after the latter pushed to cancel a meeting the sect planned to hold in Beirut, Arabi 21 reported on Friday. The Christian group said that Hezbollah put pressure on the administration of the hotel in Beirut, where the event was slated to take […]

Berri says government formation ‘back to zero’

BEIRUT – Lebanese Parliament Speaker Nabih Berri on Saturday said the process of forming a government more than five months after a national election had returned “to zero”, after saying earlier this week there had been a “glimmer of hope”. In the five months since the parliamentary election, there has been no sign of the […]

U.S. threatens to cut aid for Lebanese ministries allocated to Hezbollah

The U.S. embassy in Beirut has reportedly “intensified threats to cut any US or international assistance for Lebanese ministries that allocated to Hezbollah” in a bid to pressure officials tasked with forming the government, al-Akhbar daily reported on Friday. Prime Minister-designate Saad Hariri affimed in a televised interview on Thursday that he “does not mind” […]

Bassil gets Hezbollah’s blessing

 Hezbollah said its chief Hassan Nasrallah is capable of “responding to Israel on the right time and place,” noting that Minister Jebran Bassil has carried out his duty as foreign minister when he denied the presence of ‘missile sites’ alleged by Israel, al-Joumhouria daily reported on Saturday. “This is the party’s policy,” said  Hezbollah sources, […]

Lebanon’s Hariri expects new cabinet in 7-10 days

Prime Minister-designate Hariri says Lebanese economy cannot withstand any more delay in forming of government. Lebanon will have a new government within a week or 10 days and the economy cannot withstand any more delay, Prime Minister-designate Saad Hariri said in a television interview on Thursday. “Everyone must make sacrifices… I urge the president to offer […]

US sanctions seven Lebanese companies over financial support for Hezbollah

The U.S treasury department sanctioned Lebanese national Muhammad Abdallah al-Amin and seven of his companies for providing material support for Hezbollah, the latest in a series of penalties aimed at curtailing the militant group’s finances. The Office of Foreign Assets Control said it took action “to disrupt Hezbollah’s financial support networks by designating Muhammad ‘Abdallah al-Amin […]