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Gap Law: A Legalized Expropriation of Deposits
This is Beirut 2025-12-21 12:05 - Reading : 5 minute(s)
Banks BDL Lebanon Economy Gap Law
Wrapped in the technical language of financial restructuring, the Gap Law is presented as a necessary step to correct the imbalance of Lebanon’s banking system. Behind this rhetoric lies a far more serious reality: the legalization of a massive expropriation of bank deposits, in blatant disregard of property rights, legal certainty, and the very ...
Gap Law: How the Lebanese State Erases Its Responsibility
This is Beirut 2025-12-20 18:05 - Reading : 5 minute(s)
Banks Lebanon Economy Gap Law IMF
Every financial crisis raises a central question: who should bear the losses? In a liberal economy grounded in responsibility, the answer is clear: those who decided, spent, borrowed, and ultimately failed. The Gap Law, however, offers a radically opposite answer. It methodically organizes the erasure of the Lebanese state’s responsibility and ...
Gap Law: Nawaf Salam and the IMF, Architects of a Legalized Spoliation
This is Beirut 2025-12-20 16:05 - Reading : 4 minute(s)
By claiming on Monday a commitment to “deliver justice to depositors,” Prime Minister Nawaf Salam did more than distort reality: with the active backing of the International Monetary Fund (IMF), he sealed one of the greatest financial and moral abdications in Lebanon’s history. The Gap Law, presented as a lifesaving legal framework, is in ...
Financial Gap Law: Farewell to a Lifetime’s Savings… Where Is Karim Souhaid?
This is Beirut 2025-12-20 15:55 - Reading : 6 minute(s)
Nawaf Salam Lebanon Banks Banque du Liban Gap Law
The draft Financial Gap Law, also known as the Financial Regularization Law, is set to be discussed at the Cabinet table on Monday. Prime Minister Nawaf Salam has praised the project, presenting it as the first comprehensive legal framework to recover deposits and address the financial gap in a systematic and fair manner, within available means, ...
The Syndicate of Traders and Importers of Alcoholic Beverages Denounces the Gap Law
This is Beirut 2025-12-20 14:25 - Reading : 2 minute(s)
Banque du Liban economy Lebanon Banks Gap Law Traders
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 ...
Money Laundering: BDL Introduces Next-Generation KYC
Liliane Mokbel 2025-11-14 18:50 - Reading : 2 minute(s)
Central Bank of Lebanon Lebanon Hezbollah US Treasury economy money laundering
On November 14, 2025, BDL issued Decision No. 13769, Circular No. 3, introducing a new “Know Your Customer” (KYC) form for all cash, foreign exchange, and money transfer transactions of $1,000 or more, and their equivalent. The measure applies to all non-banking financial institutions under BDL’s supervision, including financial companies, ...
House Vote on Ending US Government Shutdown
This is Beirut 2025-11-12 22:09 - Reading : 4 minute(s)
USA Donald Trump Republicans Democrat shutdown
Congress looked set Wednesday to end the longest government shutdown in US history, 43 days that paralyzed Washington and left hundreds of thousands of workers unpaid while Donald Trump's Republicans and Democrats played a high-stakes blame game. The House of Representatives was expected to rubber-stamp a contentious Senate-passed funding ...
Constitutional Council Upholds Banking Authority and Ties Bank Reform Law to Gap Law
Maurice Matta 2025-10-04 17:30 - Reading : 3 minute(s)
Lebanon’s Constitutional Council issued a ruling partially annulling Law No. 23/2025 on banking reform and restructuring, following an appeal filed by ten MPs. In form, the Council accepted the appeal, as it was filed within the legal timeframe and met all procedural requirements. In substance, it decided to annul parts of the contested ...
Global Markets 2025: From Soaring Peaks to Sudden Crashes
Christiane Tager 2025-10-17 12:15 - Reading : 2 minute(s)
International Monetary Fund Markets economy stocks
Since January, major stock indices such as the S&P 500, Nasdaq and Euro Stoxx have shattered records. Fueled by surging optimism around artificial intelligence, global finance seems to be reliving its golden era. Yet beneath this spectacular rise, the ground is quaking. Every peak is followed by a dark day. In just hours, billions of dollars could ...
Lebanon 2019: Behind a Programmed Revolution (2/2)
Natasha Metni Torbey 2025-10-22 12:30 - Reading : 11 minute(s)
Central Bank of Lebanon Free Patriotic Movement Amal Banks
Lebanon has an exceptionally dense civil society sector. Hundreds of local NGOs receive funding from international organizations such as the European Union, various United Nations agencies, private foundations like Ford, Rockefeller and Open Society, as well as contributions from the diaspora. Most of this funding is fully declared, independently ...
Sundance to Honor Robert Redford with Tributes and Final Utah Farewell
This is Beirut 2025-10-22 11:00 - Reading : 2 minute(s)
Robert Redford Actor Culture Art Sundance Festival
The upcoming Sundance Film Festival will feature multiple tributes to its late co-founder Robert Redford, including a screening of his first independent movie, organizers said Tuesday. Hollywood legend Redford, who starred in hits like Butch Cassidy and the Sundance Kid before becoming an Oscar-winning director, died last month at the age of ...
Prince Andrew Faces New Pressure Following Virginia Giuffre’s Memoirs
This is Beirut 2025-10-21 20:20 - Reading : 3 minute(s)
Virginia Giuffre Prince Andrew Jeffrey Epstein
The posthumous memoirs of American Virginia Giuffre, the main accuser of Prince Andrew in the Epstein case, went on sale Tuesday, increasing pressure on the disgraced brother of King Charles. In Nobody’s Girl, Virginia Giuffre, who died by suicide in April, recounts in detail being exploited as a sex slave by the late financier and sex offender ...
Prince Andrew: The Monarchy’s Lasting Burden
Ali A. Hamadé 2025-10-20 16:00 - Reading : 5 minute(s)
United Kingdom Prince Andrew London Prince William King Charles III
On Friday evening, Prince Andrew, long embroiled in scandal, announced he would relinquish all his royal titles and honors under pressure from his brother, King Charles III, and heir apparent Prince William. Accused of sexual abuse dating back to 2001, involving a 17-year-old and linked to his controversial friendship with billionaire Jeffrey ...
Production and Distribution of “Tannourine” Water Resume Across Lebanon
This is Beirut 2025-10-18 18:40 - Reading : 1 minute(s)
Lebanon water Tannourine health
The suspension of production and distribution of “Tannourine” brand water was lifted on Saturday afternoon by the Ministry of Public Health, five days after it was put in place due to a risk of contamination by the bacterium Pseudomonas aeruginosa. Health Minister Rakan Nassereddine said at a press conference that after complaints were posted ...
PSG Fightback Denies Strasbourg in Six-Goal Ligue 1 Thriller
This is Beirut 2025-10-18 01:05 - Reading : 4 minute(s)
Paris Saint-Germain produced a second-half fightback to draw 3-3 with an impressive Strasbourg on Friday as Luis Enrique's injury-hit side held on to top spot in Ligue 1. Bradley Barcola gave reigning French and European champions PSG an early advantage at the Parc des Princes, but Strasbourg came roaring back to lead 3-1 thanks to a Joaquin ...
The Diplomatic Feat and Its Imponderables
Charles Chartouni 2025-10-13 09:00 - Reading : 5 minute(s)
Nawaf Salam Hamas Gaza Iran Donald Trump
President Trump has proven to be a tough dealmaker and a skillful negotiator who knows how to leverage whatever resources are at hand to promote and sustain peace processes against all odds. His diplomatic approach is based on the common sense of a businessman turned politician at the helm of an “imperial republic.” His hard-nosed realism ...
Eze Haunts Palace as Arsenal Bolster Charge
This is Beirut 2025-10-26 19:10 - Reading : 4 minute(s)
Arsenal Premier League Football Liverpool Manchester City
Mikel Arteta said Arsenal still have room for improvement after Eberechi Eze's first Premier League goal for the club gave the leaders a 1-0 win against his former club Crystal Palace on Sunday. Eze struck late in the first half at the Emirates Stadium to ensure Arsenal took full advantage of the latest losses for title rivals Liverpool and ...
Donald Trump Arrives in Israel as First Group of Hostages Released in Historic Gaza Ceasefire
This is Beirut 2025-10-13 08:10 - Reading : 4 minute(s)
Palestine Ceasefire Donald Trump Benjamin Netanyahu Hamas
U.S. President Donald Trump landed in Israel early Monday morning to bolster support for a landmark peace deal, as the first group of Israeli hostages was released from Gaza under a ceasefire agreement brokered with his direct involvement. The Israeli Army spokesperson has confirmed that seven Israeli hostages — named Matan Angrest, ...
#MeToo: Exposed Online, Condemned Without Appeal
Bélinda Ibrahim 2025-10-12 19:00 - Reading : 3 minute(s)
#MeToo Social Media Justice Culture
Since the start of #MeToo, public exposure has reached unprecedented levels. Sometimes, a single post on social media — even an anonymous one — is enough to destroy a reputation or end a career. The exclusion is sudden, brutal. Accusations spread online at a speed that traditional justice cannot match. Many see this as real progress: scandals ...
Cabinet Extends Jdeideh Landfill Operations
This is Beirut 2025-10-09 18:55 - Reading : 1 minute(s)
Lebanon Nawaf Salam Paul Morcos Grand Serail Jdeideh CDR Parliament Mohammad Qabbani
The Council of Ministers met on Thursday at the Grand Serail under the chairmanship of Prime Minister Nawaf Salam. It approved the continued use of the Jdeideh landfill until the end of 2026 and tasked the Council for Development and Reconstruction (CDR) with establishing a power plant on-site. Following the session, Minister of Information Paul ...
Renewable Energy Growth Slows Due to Policy Changes: IEA
This is Beirut 2025-10-07 09:40 - Reading : 2 minute(s)
Europe United States IEA COP28 Renewable Energy
Growth in renewable energy, a key part of efforts to limit dangerous climate change, is slowing down due to policy changes in the United States and China and will fall short of a key goal, the International Energy Agency said Tuesday. Only two years ago the global community set the goal of tripling renewable energy output by 2030 to limit the ...
Port of Beirut Terminal Earns International Security Certification
This is Beirut 2025-10-06 13:15 - Reading : less than a minute
The management of the Port of Beirut announced on Monday a significant achievement in collaboration with the CMA Beirut Terminal container station, which has obtained certification of compliance with the International Ship and Port Facility Security (ISPS) Code. The accreditation was granted after the terminal successfully met all required ...
In the Face of State Sabotage, Firmness Is the Only Imperative
Michel Touma 2025-10-06 08:30 - Reading : 3 minute(s)
Joseph Aoun UN Security Council Amal Hezbollah Internal Security Forces
It relentlessly edges toward the peak of destructive behavior, pushing ever closer to its darkest extremes. Hezbollah’s leadership—loyal to directives from its Iranian patron—offers daily, tangible proof of the malicious strategy it pursues without any regard for law or principle in Lebanon: a strategy aimed at dismantling the state and ...
Peaceful Voting but Little Suspense in Ivory Coast Election
This is Beirut 2025-10-25 14:45 - Reading : 5 minute(s)
Ivory Coast Elections Alassane Ouattara
Ivorians were voting Saturday between incumbent President Alassane Ouattara, the overwhelming favorite seeking a fourth term in power, and an opposition hobbled by the barring of leading candidates. Ouattara, 83, has wielded power in the world's top cocoa producer since 2011, when the country began reasserting itself as a West African ...
Prunella Scales, Star of Britain’s 'Fawlty Towers', Dies Peacefully at 93
This is Beirut 2025-10-28 15:05 - Reading : 2 minute(s)
Television Prunella Scales Obituary UK actress Britain Culture
Actress Prunella Scales, best known for her role as the long-suffering Sybil in the British TV comedy classic Fawlty Towers, has died aged 93, her family said Tuesday. The actress died "peacefully at home in London" on Monday, her sons Samuel and Joseph said. "She was watching Fawlty Towers the day before she died," they said in a statement on ...
Rise of an AI Country Star Shakes the Music Charts
This is Beirut 2025-11-12 10:30 - Reading : 2 minute(s)
AI Music Singer Country Culture Art
An artist suspected of being virtual, with a voice generated by Artificial Intelligence, has reached the top of one of the most popular country-music download charts in the United States, marking a first. Walk My Walk, by Breaking Rust, an act with no known identity, is now the most downloaded country track, according to the data published on ...
Writing Off Banks’ Capital Wipes Out Deposits
This is Beirut 2025-11-06 18:20 - Reading : 3 minute(s)
Lebanon Central Bank Karim Souhaid Yassine Jaber Economy Banks
The Governor of the Central Bank of Lebanon, Karim Souhaid, clarified the situation by declaring that Lebanon’s crisis is not purely a financial one but rather a systemic crisis in which the banking sector has become a victim. This is what Souhaid stated clearly during the parliamentary session dedicated to discussing the 2025 budget draft, ...
Sebastian Gorka’s Visit and Lebanon’s Financial Crossroads
This is Beirut 2025-11-10 19:35 - Reading : 6 minute(s)
The Senior Director for Counterterrorism Sebastian Gorka’s visit to Lebanon over the past two days has added an unexpected but timely dimension to the country’s search for economic and political stability. His meetings with local officials and policy advisors reportedly centered on policies to cut off ...
The Association of Banks in Lebanon Warn of “Systemic Crisis”
This is Beirut 2025-11-10 14:30 - Reading : 1 minute(s)
The economic collapse is systemic and cannot be resolved without the state assuming its share of responsibility, the Association of Banks in Lebanon (ABL) warned in its latest monthly report for October 2025. The statement directly challenges the government’s draft “financial gap” law, which omits any reference to a systemic crisis, a move ...
Amman Drift: Nael Madi Puts Lebanon on the Podium
Makram Haddad 2025-11-09 11:30 - Reading : 2 minute(s)
Lebanon Jordan Drift Nael Madi
Car park drift takes place on a closed parking lot, with a track drawn to the millimetre, zones to brush and trajectories to respect. We are not talking about a stopwatch but about scoring. The judges evaluate the line, the angle, the perceived speed and the cleanliness of the transitions. A good run reads in one go: committed entry, sustained ...