Energy Minister Raymond Ghajar announced Thursday that power supply will improve within 48 hours.
Separately, Ghajar said there are no plans to “negotiate with Iran over the import of fuel,” while noting that there are talks with Iraq.Full Story
Lebanon on Thursday witnessed a major one-day surge in the number of confirmed coronavirus cases.
In its daily statement, the Health Ministry said 44 of the cases were recorded among residents and 22 among expats who arrived in Lebanon in recent days.Full Story
The government has “honored its Policy Statement” and it does not intend to “change the free economic system,” Prime Minister Hassan Diab said on Thursday.
“We will carry on with our work and we have the courage to say everything we think of, without any political or private motive or interest,” Diab said at the beginning of a Cabinet session.Full Story
Health Minister Hamad Hassan on Thursday said he expects a “shocking” rise in COVID-19 coronavirus cases due to the repatriation of thousands of Lebanese expats.Full Story
Former Prime Minister Saad Hariri said Thursday that Lebanon is going through its worst economic crisis in history and that the ruling authority seeks to change Lebanon's competitive and free market regime.
"Lebanon is going through its worst economic crisis in history. The government and (presidential) term want to change the free economic system to something else,"said Hariri in remarks to reporters after meeting Maronite Patriarch Beshara el-Rahi in Bkirki.Full Story
French Foreign Minister Jean-Yves Le Drian urged Lebanese authorities to initiate reforms in order to obtain financial support from the "international community" and save Lebanon’s crumbling economy from collapse, indicating that he will visit Beirut “within days,” media reports said on Thursday.Full Story
US Secretary of State Mike Pompeo reiterated in remarks from Washington that the United States is supporting Lebanon as long as it succeeds at imposing reforms and its government is not controlled by Hizbullah.Full Story
Former Nissan Motor Co. Chairman Carlos Ghosn wired more than $860,000 to a company linked to one of the men accused of helping smuggle him out of Japan in a box last year, U.S. prosecutors said in a new court filing.Full Story
Lebanon on Wednesday confirmed 39 new COVID-19 cases, which is a significant one-day surge for the small country.Full Story
The lines snaked around the block. Then they swelled to fill the whole street, before they turned into a raucous mob of men shoving to the front of the line. There at the exchange bureau, they could buy rationed dollars, the hottest commodity in Lebanon.
The small country's financial meltdown has thrown Lebanese into a frantic search for dollars as their local currency's value evaporates. To get the precious hard currency, they must navigate labyrinthine regulations, exploiting any loopholes they can to rescue their earnings.Full Story