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Diab: BDL Stabilized Lira in the Past, Why Not Now?

Prime Minister Hassab Diab on Thursday voiced skepticism over Central Bank Governor Riad Salameh's latest remarks about the lira exchange rate.

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Kanaan Says Committee Approves Illicit Enrichment Law

Head of the Budget and Finance Parliamentary Committee, MP Ibrahim Kanaan said a long-awaited Illicit Enrichment Law has been approved by the committee on Thursday.

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Cabinet Approves Economic Rescue Plan

The Lebanese government on Thursday approved a long-awaited plan to rescue the debt-saddled economy from its worst crisis in decades, following a fresh wave of angry streets protests.

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Aoun: Endorsement of Financial Plan a Historic Step for Lebanon

President Michel Aoun on Thursday considered the government’s endorsement of its financial and monetary plan as a “historic” move for Lebanon, as the country grapples with an unprecedented economic crisis since October 2019.

“Today is a historic day for Lebanon, because for the first time it endorses an economic-financial plan, after lack of planning and the lack of prospects for the future that almost brought the country to ruin,” said Aoun at the beginning of a Cabinet meeting at Baabda Palace.

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Report: Military Says Determined to Thwart 'Sabotage' Schemes

In the wake of protests and riots triggered by an economic crisis in Lebanon, the security and military bodies warned against attempts to “sabotage” civil peace or pit the people against the army vowing to foil such "schemes", al-Joumhouria daily reported on Thursday.

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Germany Bans all Hizbullah Activities on Its Soil

The German government on Thursday said it was banning all activities of Lebanon's Iran-backed Hizbullah movement in Germany, calling it a "Shiite terrorist organisation".

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Govt. Finalizes Financial Plan amid Objections on Lira Gradual Floating

The government on Wednesday put the final touches on its long-awaited financial and monetary plan which is expected to be approved later in a session held in Baabda.

“The plan has received positive feedback abroad,” LBCI TV reported.

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Diab: We Have Full Reports on Sides Inciting Riots

Prime Minister Hassan Diab announced Wednesday that authorities have “full reports about the sides that are inciting riots,” in the wake of days of violent protests that have rocked the country.

“The rioting that is taking place and the attempt to pit the people against the army are indications of a malicious plan,” said Diab during a cabinet session at the Grand Serail.

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4 New Virus Cases as Abu Sharaf, Doumit Warn over Gatherings

Lebanon recorded four more COVID-19 coronavirus cases on Wednesday, which raises the country's total to 721, the Health Ministry said.

The Ministry said one of the four infected individuals is one of the Lebanese expats who returned to the country in recent weeks.

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Antoun Nabil Sehnaoui Donates toward LAU's Fight against COVID-19

LAU has received a considerable donation from Antoun Nabil Sehnaoui, chairman of the Board of Directors of the Société Générale de Banque au Liban (SGBL), toward the LAU Medical Center-Rizk Hospital’s fight against the COVID-19 pandemic, LAU said in a statement released Wednesday.

Commending the university’s endeavors, Sehnaoui remarked that its most recent initiatives, since the COVID-19 outbreak, underscored its “commitment in equal measure to help the community and to raise the bar in higher education in Lebanon and the Middle East.”

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