Lebanon may soon issue one of the highest yielding sovereign Eurobonds in history

By Paul Wallace If Lebanon decides to issue as many as $2 billion of Eurobonds, which the government said it’s considering, they could be the highest yielding dollar notes on record for a sovereign. Average rates on Lebanon’s existing securities have soared more than 500 basis points since February to 14.7% as investors fret over the […]

Hezbollah says it shot down Israeli drone over south Lebanon

Hezbollah said it downed an Israeli drone in southern Lebanon early on Monday, a week after the group’s leader said it would shoot down Israeli drones in Lebanese airspace. The drone is now in Hezbollah’s possession, the group said in a statement. An Israeli military statement said one of its drones “fell inside southern Lebanon […]

Former Hezbollah commander Ali Hatoum commits suicide

  A former Hezbollah official was found dead in his apartment in a Beirut suburb, the state-run National News Agency said on Sunday. NNA reported  that security forces immediately opened an investigation to find out the details of the incident, and is waiting for the arrival of the forensic doctor to determine the cause of death. […]

Hezbollah fears democracy as Tyre by-election shows

A candidate running in the Tyre parliamentary by-election race  was asked by Hezbollah chief to  withdraw her candidacy  leaving only Hezbollah’s candidate running for the vacant seat. Bushra al-Khalil, a lawyer, said her withdrawal came at the request of  Sayyed  Hassan Nasrallah  leaving only Hezbollah’s candidate Hassan Ezzeddine running for the district’s vacant seat. She announced her decision to reporters […]

Hezbollah and PSP seal reconciliation in Ain el-Tineh

Hezbollah and the Progressive Socialist Party on Saturday sealed their political reconciliation in Ain el-Tine, home of Speaker Nabih Berry after months of tensions between the two groups amidst differences over local and regional political issues. “We can talk today about a frank meeting and a reconciliation, and this meeting is in the interest of […]

France reiterates its support for Lebanon, calls for quick reforms

French President Emmanuel Macron reiterated Friday his country’s support for Lebanon and expressed relief at the progress being made by the Lebanese government to secure the CEDRE soft loan package. Speaking with Prime Minister Saad Hariri, Macron said that France’s is still committed to supporting “Lebanon’s stability and security and to strengthen the country’s institutions,” […]

International support for Lebanon stability may be eroding

Divisions among Security Council member states on the situation in Lebanon are growing, UN diplomats revealed on Friday, expressing fears that an international support for the country’s stability could be eroding. France struggled this week to press the Security Council to issue a statement condemning all violations of the Lebanese-Israeli border, and calling upon all […]

Turkish FM summons Lebanese ambassador to protest against anti-Turkey banner

The Turkish Foreign Ministry has summoned Lebanese ambassador to Ankara  after several activists placed an anti-Turkey banner Thursday morning on the gate of the Turkish embassy in Rabieh, a suburb of Beirut  amid a row between Lebanon and Turkey over the 1516-1918 Ottoman administration of Lebanon. The Foreign Ministry conveyed its concern to Lebanese envoy […]

Lebanon PM promises to cut deficit and push ahead with reforms

Lebanon’s prime minister pledged to stabilize the country’s economic problems and aim for a budget deficit of around 7% next year. Speaking to CNBC’s Hadley Gamble in Beirut, Saad Hariri said: “I understand that we have a problem but I am extremely confident that we can get out of this problem if we follow through […]

Lebanon Holds Firm on Peg With $1.4 Billion Boost to Reserves

Lebanon’s central bank has secured up to $1.4 billion in five-year deposits from private investors overseas, boosting dollar reserves in one of the world’s most-indebted countries and easing concerns that it could struggle to repay its debts and defend its currency. Governor Riad Salameh said in an interview with Bloomberg TV in Beirut that Banque […]