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Why Normalization with Israel Will Revive Saudi Arabia
Hussain Abdul-Hussain 2025-11-18 10:25 - Reading : 4 minute(s)
Saudi Arabia Israel United States MBS Donald Trump Qatar LAF
Saudi Arabia is rapidly losing regional relevance, with Sunni rivals Qatar and Turkey encroaching on its traditional leadership roles. The Kingdom’s economy remains mired in second gear, unable to transition from oil dependency to a knowledge-based model. Riyadh’s repeated promises of financial windfalls to the U.S. now appear to be ...
Nigeria Discussing Security with US after Trump Threats
This is Beirut 2025-11-17 22:00 - Reading : 4 minute(s)
Nigeria United States Donald Trump Yusuf Tuggar
Nigeria is in talks with the United States following President Donald Trump's threats of military intervention over the killing of Christians by jihadists in the country, Nigeria's foreign minister told AFP on Monday. Trump said late last month he was naming Nigeria a Country of Particular Concern (CPC), a State Department designation for ...
A New Epicenter Emerges in the Near East
Charles Chartouni 2025-11-17 13:00 - Reading : 4 minute(s)
Middle East Donald Trump Gaza Syria Iran United States
The situation in the Near East is still groping its way towards a new equilibrium. So far, it seems that the destruction of the proxy networks mounted by Iran’s Islamic regime has not yet eclipsed pursuit of political revanche all along the geopolitical spectrum extending through Iraq, Syria, the Palestinian Territories, Gaza, and their ...
Michelle Yeoh to Receive Lifetime Achievement Honor at 2026 Berlin Film Festival
This is Beirut 2025-11-15 10:30 - Reading : 2 minute(s)
Film Berlinale Festival Michelle Yeoh Award Germany Culture
Malaysian actress Michelle Yeoh will be honored with a lifetime achievement award at next year's Berlinale film festival, organizers said Friday. Yeoh, 63, will receive the Honorary Golden Bear in recognition of her "outstanding achievements in film and cinema," the festival said in a statement. "Michelle Yeoh is a visionary artist and performer ...
Washington's New Ambassador, Michel Issa, Lands in Lebanon... Who is He?
This is Beirut 2025-11-14 20:00 - Reading : 4 minute(s)
Lebanon Donald Trump Banks United States Michel Issa Ambassador
The new United States ambassador to Lebanon, Michel Issa, landed in Beirut on Friday to begin a particularly delicate mission. His arrival comes at a time when Washington is seeking to redefine the scope of its engagement in a country caught in a deep institutional crisis, latent tensions in the south, and growing international pressure over ...
Association of Banks Criticizes Draft Gap Law
This is Beirut 2025-12-15 11:35 - Reading : 1 minute(s)
Lebanon opposition BDL Banque du Liban Association of Banks
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 ...
“Gap Law” for Beginners
Mario Chartouni 2025-12-18 12:59 - Reading : 5 minute(s)
Banks International Monetary Fund Lebanon Banque du Liban Hezbollah
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 ...
Trump Signs Bill to End Record-Breaking US Shutdown
This is Beirut 2025-11-13 09:55 - Reading : 3 minute(s)
Donald Trump USA Politics Budget Shutdown
President Donald Trump signed a bill Wednesday to end the longest government shutdown in US history -- 43 days that paralyzed Washington and left hundreds of thousands of workers unpaid while Republicans and Democrats played a high-stakes blame game. The Republican-led House of Representatives voted largely along party lines to approve a ...
Khamenei Has a Plan to Flee Iran if Unrest Escalates
This is Beirut 05/01 09:10 - Reading : 2 minute(s)
Iran’s Supreme Leader Ayatollah Ali Khamenei has prepared a contingency plan to leave the country if security forces fail to contain protests or begin to defect, according to an intelligence report shared with The Times. The report says Khamenei, 86, would leave Tehran with a close circle of up to 20 aides and family members if he ...
Israel Strikes Iranian Energy Infrastructure Before U.S. Diplomacy Deadline
This is Beirut 27/03 20:15 - Reading : 1 minute(s)
Israel Donald Trump Tehran United States USA
Israel struck infrastructure targets across Iran on Friday, with Iranian officials saying the attacks hit two major steel factories, a power plant and multiple nuclear-linked sites as the campaign widened beyond purely military targets. The IDF claimed credit for the strikes on nuclear related facilities, just days after President Trump extended ...
Lebanon Declares Iran's Ambassador Unwelcome, But Can It Make Him Leave?
Claudia Groeling 25/03 21:20 - Reading : 4 minute(s)
Lebanon Hezbollah Israel Tehran United Nations
The Lebanese state has formally expelled Iran’s envoy to Beirut, its latest step to curb Tehran’s influence as the conflict between Israel and Iran-backed Hezbollah intensifies. On March 24, Lebanese Foreign Minister Youssef Rajji said he had instructed his ministry to inform Iran’s chargé d’affaires in Lebanon, Toufiq Samadi Khoshkou, ...
Iran President Apologizes to Gulf Neighbors Triggering Rift Among Country’s Leadership
This Is Beirut 08/03 10:05 - Reading : 2 minute(s)
Gulf Bahrain Donald Trump Kuwait United Arab Emirates
Iranian President Masoud Pezeskian faced backlash from conservative hardliners following his speech yesterday, in which he apologized and vowed to stop striking neighboring Arab countries, provided they did not conduct attacks against the Islamic Republic. In an apparent backtrack, Pezeskian claimed in a prerecorded address, Sunday, that ...
What the LAF Chief’s Visit to the U.S. Revealed
Hussain Abdul-Hussain 09/02 14:35 - Reading : 5 minute(s)
Lebanese Army Hezbollah Israel Rodolphe Haykal Washington Lebanon US
Lindsey Graham portrayed his meeting with Rodolphe Haykal, which collapsed within minutes, as a complete debacle. The U.S. senator asked the Lebanese Armed Forces (LAF) chief if Hezbollah was a terrorist organization. Haykal’s reply—“not in the Lebanese context”—prompted Graham to walk out in fury, insisting that any group responsible ...
2026 NDS: America First Ushers in a New Era of Selective Engagement in the Middle East
Amal Chmouny 24/01 19:40 - Reading : 7 minute(s)
United States Middle East Iran
The newly released 2026 National Defense Strategy (NDS) marks a dramatic pivot in American foreign policy, embracing what officials call “pragmatic realism” while fundamentally redefining U.S. engagement in the Middle East. Under an “America First” framework, the strategy moves away from large-scale military interventions in favor of ...
Aoun Hails State Control of Arms and Pledges Continued Reforms
This is Beirut 20/01 13:20 - Reading : 3 minute(s)
Lebanese Army Emmanuel Macron Lebanon Internal Security Forces Joseph Aoun South Lebanon United States Qatar France Egypt
President Joseph Aoun stressed on Tuesday that the Lebanese government last year took a historic step by endorsing a plan aimed at confining weapons to state authority and extending state control over Lebanese territory exclusively through its own forces, calling the move a major turning point despite the challenges of implementation. Addressing ...
After the Vote: Exposing the Gap Law’s Broken Promises
Claudia Groeling 2025-12-29 19:30 - Reading : 7 minute(s)
Nawaf Salam International Monetary Fund Lebanon Banque du Liban Gap Law Banks
Lebanon’s cabinet on December 19 approved one of the most controversial pieces of legislation since the country’s financial collapse in 2019, adopting the so-called “Gap Law” in a narrow vote that has reignited public anger and raised serious concerns among economists, legal experts, and international observers. Backed by 13 ministers ...
Deposits at Risk: Gap Law Shifts Burden on Depositors and Banks; State Off the Hook
Antoine Saade 2025-12-20 12:00 - Reading : 4 minute(s)
Banks Lebanon Banque du Liban Gap Law economy
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 ...
The IMF Sets an Example Through Lebanese Depositors: Unpacking One the Most Dangerous Laws in the Country’s History
This is Beirut 2025-12-21 15:40 - Reading : 6 minute(s)
Lebanon Banque du Liban International Monetary Fund economy banking system banks
What the government presented as the ‘Financial Gap Law’ is not merely a piece of financial legislation; it is a text that lays the foundations for the post-adoption economic order. It does not conceal its objective but states it calmly: ending a crisis that has lasted for years instead of resolving it, writing off deposits instead of ...
Gap Law: The Programmed Destruction of the Banking Sector
This is Beirut 2025-12-21 15:05 - Reading : 5 minute(s)
Lebanon Economy Banks BDL Gap Law
Presented as a restructuring measure, the Gap Law organizes a methodical liquidation of the Lebanese banking sector. Behind complex technical mechanisms—loss hierarchy, balance-sheet cleanup, recapitalization—lies a clear political choice: to sacrifice banks to settle a public crisis that the state refuses to assume. This text does not reform ...
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 ...