- Lebanon S&P Keeps Lebanon Credit Rating at B-, Fitch Downgrades It to CCC The Standard & Poor's credit rating agency on Friday kept Lebanon's rating at B- while the Fitch agency downgraded it from B- to CCC. In a stateme...
- Lebanon Berri Says 'Others' Betrayed LF, Center House Says Hariri Wasn't Part of Agreement Parliament Speaker Nabih Berri on Friday distanced himself from the controversy over the exclusion of the Lebanese Forces from the membership of th... 9
Prime Minister Saad Hariri met Friday afternoon at the Center House with the U.S. Ambassador to Lebanon Elizabeth Richard.Full Story
Fitch Ratings, one of the "Big Three” credit rating agencies in the world, has decided to downgrade Lebanon’s rating from B- to CCC, a media report said.
“Lebanese sides have been informed that the Fitch agency has finalized its report and downgraded Lebanon’s rating to the level of CCC,” al-Joumhouria newspaper reported on Friday.Full Story
Finance Minister Ali Hassan Khalil on Friday stressed that Lebanon is not a “bankrupt country,” hours before the release of a key financial report by the Standard and Poor’s international credit rating agency.
“We are not a bankrupt country and we have the ability to overcome difficulties and get out of our crises, regardless of rating headlines or foreign stances,” Khalil said at a financial seminar in Sidon.Full Story
Turkish Foreign Minister Mevlut Cavusoglu on Friday held separate meetings with President Michel Aoun, Parliament Speaker Nabih Berri and Prime Minister Saad Hariri.
The National News Agency said Aoun told Cavusoglu that "the international community's continued disregard for the need to repatriate Syrian refugees to their country raises several question marks about the reasons."Full Story
Lebanese citizen Ali Nehme Hamzeh was killed Thursday when a bomblet from an Israeli cluster bomb fired during the 2006 war exploded under his bulldozer in the southern town of Majdel Selm, Lebanon’s National News Agency reported.
NNA said Hamzeh succumbed to his wounds at the Tebnin Hospital.Full Story
Dozens of Lebanese tourists are stranded in Turkey and Georgia after falling victim to a scam pulled off by an unlicensed Lebanese travel agency, Lebanese TV networks reported on Thursday.
“After we booked travel tickets and hotel rooms via the New Plaza Tours agency, we realized after arriving in Marmaris that the return tickets and hotel reservations were fake,” four of the victims, who are also lawyers, told MTV.Full Story
The Cabinet on Thursday appointed five new members on the country’s Constitutional Council, amid the objections of the ministers of the Lebanese Forces and the Marada Movement.
The LF objected after the Cabinet did not endorse its candidate, Saeed Malek.Full Story
Lebanon is readying to host Turkish Foreign Minister Mevlut Cavusoglu, who will arrive in Beirut on Friday, media reports said.
“In his two-day visit, Cavusoglu will discuss with Lebanese officials a number of issues of common interest,” al-Liwaa newspaper reported on Thursday.Full Story
The U.S. has pressured the Standard & Poor’s agency into keeping Lebanon’s credit rating at the B- level in return for a “political price” from Prime Minister Saad Hariri, who visited Washington in recent days, a media report said.
According to al-Akhbar daily, which quoted sources close to Hariri, the premier was asked to “revive” the March 14 political coalition, to become “a partner with Speaker Nabih Berri in the negotiations over the demarcation of the border of the gas-containing areas that are disputed with Israel, and to secure the win of General Electric in the electricity tenders.”Full Story
U.S. Ambassador to Lebanon Elizabeth Richard and U.S. military representatives on Wednesday attended a live-fire exercise conducted by the Lebanese Armed Forces (LAF) at the Akoura military complex.Full Story