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 […]

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 […]

In Lebanon, U.S. State Department official calls Hezbollah ‘unacceptable’

The U.S. State Department criticized Lebanon’s Iran-backed Hezbollah group on Monday for digging tunnels into Israel and stockpiling rockets, as Washington steps up efforts to isolate Tehran. In recent weeks, Israeli forces uncovered tunnels they said were dug by Hezbollah, and Lebanon complained about Israel’s construction of a barrier along disputed parts of the border. […]

Beirut: Arab Economic summit highlights divisions, turmoil in Lebanon

By ZEINA KARAM and BASSEM MROUE Associated Press An Arab economic development summit that Lebanon is hosting this weekend has been marred by controversy days before delegates arrive. Should regional outcast Syria be invited, as demanded by Lebanon’s powerful Hezbollah militant group, an ally of Syrian President Bashar Assad? Should Libya get a seat at […]

Hezbollah chief says reports of his deteriorating health are baseless

Iranian TV released a recording with the voice of Hezbollah leader Hassan Nasrallah denying reports that his health was deteriorating. Over the weekend, Israeli and Lebanese reports claimed that Nasrallah was hospitalized with a heart attack, while other reports said that he was suffering from cancer. On Saturday, Europe-based Lebanese journalist Jerry Maher tweeted that […]

Storm Norma brings strong winds, snow, flood in Lebanon, video

Heavy snow and rain from Storm Norma have hit Syrian refugee camps in Lebanon causing tents and homes to flood. Hundreds of Syrian refugees were rescued from camps in Lebanon on Monday, as storms batters the country, causing floods, everywhere The Red Cross transferred 100 families from the Semmaqieh refugee camp in Akkar to other […]

A Lebanese shipbuilding executive arrested in NY over $2 billion fraud deal

A Lebanese executive for a regional shipbuilding company has been arrested in New York over a $2 billion fraud linked to state-funded maritime projects in Mozambique, US prosecutors said. Jean Boustany, the top salesman for Privinvest, was arrested on Wednesday at New York’s John F Kennedy airport. He is accused of paying kickbacks to the […]

Berri says, the only solution for Lebanon is a Civil State

Lebanon Parliament Speaker Nabih Berri  reiterated on Wednesday  his call for the rise of a “civil state” in the country  as a solution for the country’s recurring crises. “The only solution today and in the future is the rise of a civil state,” Berri told lawmakers during the weekly Ain el-Tineh meeting, reminding  them that he […]