Iran has released a "never before seen" photo of supreme leader Ayatollah Ali Khamenei alongside Hizbullah leader Sayyed Hassan Nasrallah.
Full StoryHundreds of Lebanese protested Sunday in the country's capital and other areas over an economic crisis that worsened over the past two weeks, with worries over dollar-reliant Lebanon's local currency losing value for the first time in more than two decades.
Lebanon is facing a deep-running fiscal crisis as it staggers under one of the highest debt ratios in the world, at $86 billion or more than 150% of the country's gross domestic product.
Full StoryPresident Michel Aoun on Saturday made several contacts with monetary policymakers to follow on the latest developments aggravating in Lebanon over the dollar “shortage” crisis.
LBCI station said “contacts from Baabda Presidential Palace included talks with Minister of Economy Ali Hassan Khalil and Central Bank (BDL) governor Riad Salameh.”
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Social Affairs Minister Richard Kouyoumjian on Saturday said there is not following a “systematic policy to tighten measures against displaced Syrians, but we are working on a plan to ensure their repatriation,” the National News Agency reported.
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Speaker Nabih Berri said the situation in Lebanon is “critical” requiring "drastic" solutions, but he pinned hope on the regional developments which he said could “positively” affect the situation in the country, al-Joumhouria daily reported on Saturday.
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Lebanon is to hold a day of mourning Monday following the death of former French president Jacques Chirac, the country's leader announced.
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President Michel Aoun on Friday said some of the external pressures exerted on Lebanon especially on the economic level “were not new at all,” and highlighted the need for patience with regard to the recent fears over shortage in dollar reserves.
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The central bank’s intention to issue instructions to regulate the provision of funds to import fuel, wheat and medicine; in addition to the emergence of a secondary market for the exchange rate of the Lebanese pound to the dollar, have all raised concerns about a shortage in dollar reserves, media reports said on Friday.
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Foreign Minister Jebran Bassil on Friday said that Lebanon is recently facing a challenge at the economic level, as he accused “domestic” parties of “conspiring” against the country and its economy, the State-run National News Agency reported.
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Petrol station owners in Lebanon on Friday suspended a strike and said they reached a deal with the government allowing them to pay suppliers in Lebanese pounds, following complaints over a shortage in dollars.
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