Economy

The Syndicate of Traders and Importers of Alcoholic Beverages Denounces the Gap Law
The Syndicate of Traders and Importers of Alcoholic Beverages Denounces the Gap Law

The Syndicate of Traders and Importers of Alcoholic Beverages issued a statement on Saturday denouncing the Gap Law, which they said shifts the state’s responsibilities onto traders and businesses. “While respecting the draft presented by the Prime Minister concerning financial restructuring and the recovery of deposits, the currently ...

+114% in 2025: Silver Breaks Free and Takes Center Stage
Figure of the week+114% in 2025: Silver Breaks Free and Takes Center Stage

Silver has delivered a historic performance in 2025. Since the beginning of the year, the white metal has surged by more than 114 percent, reaching an all-time high of 64 dollars per ounce. For the first time in years, silver is no longer following gold’s lead. Its rise has clearly outpaced gold, whose price has increased by around 60 percent, ...

Deposits at Risk: Gap Law Shifts Burden on Depositors and Banks; State Off the Hook
Deposits at Risk: Gap Law Shifts Burden on Depositors and Banks; State Off the Hook

The fate of depositors’ funds lies at the heart of Lebanon’s financial crisis. It is not merely a matter of figures or balance sheets; it directly affects the lives of thousands of families and undermines the country’s overall economic stability. Amid the ongoing financial collapse and the sharp erosion of the national currency’s ...

Gap Law: When the State Organizes Its Disengagement at the Expense of Depositors
SpotlightGap Law: When the State Organizes Its Disengagement at the Expense of Depositors

Under the guise of structural reforms demanded by the International Monetary Fund (IMF), the “Gap Law” currently being prepared in Lebanon is raising growing concern. Presented as a technical tool designed to bridge the country’s massive financial shortfall, this law is now seen by many experts as a mechanism allowing the state to evade its ...

Scathing Message by “Shiite Depositor” Targets Yassine Jaber
Scathing Message by “Shiite Depositor” Targets Yassine Jaber

The page “Lebanon Pulse” published on its X account a message purportedly from a “Shiite depositor”, addressed to Finance Minister Yassine Jaber. In the message, the author accuses the minister of having, in the past, incited members of the Shiite community in front of the US ambassador and called for their bombardment and removal of ...

BDL: IMF Concerns on Financial Gap Law Are Risky and Inconsistent
BDL: IMF Concerns on Financial Gap Law Are Risky and Inconsistent

The Central Bank of Lebanon (BDL) issued observations regarding the International Monetary Fund (IMF)’s recent comments on the financial gap bill. BDL described the IMF’s remarks as risky and inconsistent with accounting and financial standards, noting that there is no historical precedent in a systemic crisis where a state first erodes the ...

“Gap Law” for Beginners
Explainer“Gap Law” for Beginners

For several months now, the so-called “Gap Law” (law on financial gap) has been presented as the key to resolving Lebanon’s banking crisis. Its proponents argue that it would help restore order to the financial system and pave the way for an agreement with the International Monetary Fund (IMF). But behind this technical ...

Lebanon Debate: Gap Law Risks Bankrupting Banks, Wiping out Depositors
Lebanon Debate: Gap Law Risks Bankrupting Banks, Wiping out Depositors

The following article, originally written on Thursday by Lebanon Debate, is reproduced here in full to highlight their analysis of the proposed financial gap bill and its potential impact on depositors and the Lebanese banking sector: “Once again, Nawaf Salam’s government is rushing to pass the financial gap law before the end of the year, ...

Urgent Appeal to Stop the Financial Conspiracy Threatening Depositors and Banks
Urgent Appeal to Stop the Financial Conspiracy Threatening Depositors and Banks

Lebanon Pulse published a sharply critical message from a depositor addressed to Nawaf Salam, Yassin Jaber, and Amer Bsat, accusing them of playing a central role in what the text describes as a conspiracy that began before 2019 and has culminated today with severe consequences for depositors and the banking sector. In the message, the author ...

Association of Banks Criticizes Draft Gap Law
Association of Banks Criticizes Draft Gap Law

The Association of Banks in Lebanon addressed an open letter to the three presidents, as well as to all Lebanese citizens—particularly depositors—in which it expressed its opposition to the contents of the draft law on the financial gap, whose ninth version was recently leaked. The Association said that “the draft contains serious ...