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Kanaan Warns of “Constitutional Violation” in Unaudited State Accounts
This is Beirut 2025-12-03 15:15 - Reading : less than a minute
Lebanon Ibrahim Kanaan Budget 2025 Finance and Budget Committee
Following a Finance and Budget Committee meeting on Wednesday, its chairman, MP Ibrahim Kanaan, issued sharp warnings over the state’s continued failure to produce audited financial accounts, describing this as a “clear constitutional violation” of Article 87. Kanaan stressed that Lebanese citizens are required to submit their accounts for ...
Jaber’s Blunt Truth: The Law that Destroys Banks and Wipe Out Savings
This is Beirut 2025-12-13 14:30 - Reading : 2 minute(s)
Finance Minister Yassine Jaber did not mince words: “The banks will be the first losers” if the Financial Gap Law is enacted. And if the banks lose, depositors inevitably lose too. The draft law places the full burden of repaying deposits on the banks alone — a move that would inevitably destroy the Lebanese banking sector and wipe out ...
Luck: Randomness or Quantum Secret? Science Is Just Starting to Look
Bélinda Ibrahim 2025-12-03 13:00 - Reading : 4 minute(s)
Quantum physics has upended the very foundations of how we understand the world. For over a century, it has challenged the idea that randomness is merely a product of our ignorance, suggesting instead that it is woven into the fabric of the universe itself. Before observation, particles exist in a cloud of probabilities. Nothing is predetermined. ...
From Porcelain to Tweed, EU Opens Protected Label to Crafts
This is Beirut 2025-12-01 18:00 - Reading : 1 minute(s)
Europe European Union Porcelain Tweed Culture
Traditional crafts, from French Limoges porcelain to Irish Donegal tweed, became entitled to EU protected status as of Monday, placing them on par with agricultural products such as Champagne and Parma ham. Europe’s glassblowers, potters, jewellers, and other artisans will now be able to register their product names under the bloc’s new ...
Israeli Operation in Southern Syria: 13 Killed
This is Beirut 2025-11-28 14:34 - Reading : 4 minute(s)
Violent clashes erupted overnight from Thursday to Friday in southern Syria when Israeli soldiers operating in the Beit Jinn area came under fire from armed residents, according to local and military sources. At least one Syrian was reported killed in the first hours of the exchange, which began around 3:15 a.m. local time and lasted several ...
Rare Fabergé 'Winter Egg' Expected to Break Records in London
This is Beirut 2025-11-28 10:35 - Reading : 3 minute(s)
Auction The Winter Egg Fabergé History Britain Culture
The Winter Egg, one of Faberge's most dazzling creations, is due to be auctioned in London next week and set another sales price record for the legendary jeweler of Imperial Russia. The egg, commissioned by Tsar Nicholas II in 1913 as an Easter gift to his mother, is expected to fetch at least £20 million ($26 million), according to Christie's ...
Ceasefire Anniversary: Hezbollah Rebuilds, Israeli Strikes Persist
This is Beirut 2025-11-27 12:05 - Reading : 4 minute(s)
Hezbollah Ceasefire UN Security Council Lebanon Amal Israel
One year after the 2024 ceasefire between Israel and Hezbollah, southern Lebanon remains tense as the militia steadily rebuilds its military and civilian infrastructure, triggering daily Israeli airstrikes despite the truce. Hezbollah’s Ideology Drives Reconstruction An analysis of 669 Israeli airstrikes since November 27, 2024, by the ...
Pope Leo XIV Arrives in Turkey on First Foreign Mission of His Papacy
This is Beirut 2025-11-27 09:20 - Reading : 4 minute(s)
Pope Leo XIV arrived in Turkey on Thursday for a four-day visit, where he will hold talks with President Recep Tayyip Erdogan and meet Christian leaders on the first overseas trip of his papacy. The trip, which includes a second leg to Lebanon, begins in the Turkish capital, Ankara, where the first American pope landed shortly after ...
Tensions Rise Between Israel’s Military and Government, Netanyahu Accused of Dodging Responsibility
This is Beirut 2025-11-26 20:25 - Reading : 3 minute(s)
Benjamin Netanyahu Israel Hamas Gaza
Tensions are rising in Israel between the political leadership and the military over investigations into October 7, 2023, with Prime Minister Benjamin Netanyahu accused of shirking responsibility for the authorities’ failure to anticipate and prevent the deadliest attack in the country’s history. Weekly protests, reflecting public anger, ...
AI Nostalgia Videos Revive a Dreamy Vision of 1980s Life
This is Beirut 2025-11-25 11:00 - Reading : 3 minute(s)
AI Film Videos Cinema Culture Art
“The 1980s are calling,” a teenager with a throwback hairstyle tells viewers as “Everybody Wants to Rule the World,” the Tears for Fears rock anthem from that decade, plays in the background. The fake montage — entirely generated using artificial intelligence — has racked up more than 600,000 “likes” on Instagram and is part of an ...
WSJ: Ex-Syrian General Jamil Hassan Hiding in Lebanon
This is Beirut 2025-12-12 17:05 - Reading : 2 minute(s)
Lebanon Syria Jamil Hassan Assad
Maj. Gen. Jamil Hassan, the former head of Syria’s Air Force Intelligence and one of the most wanted figures of the Assad regime, is believed to be hiding in Lebanon after fleeing Syria last December, according to an investigation published by The Wall Street Journal. Hassan, long considered a central architect of the regime’s repression, ...
Yassine Jaber: Your Own Words Confirm the Crisis Is Systemic!
This is Beirut 2025-12-13 16:30 - Reading : 2 minute(s)
Lebanon Banque du Liban Central Bank of Lebanon
Finance Minister Yassine Jaber’s recent statements stand out for his comparison of the Lebanese financial crisis with those in countries such as Greece, Cyprus, and Portugal. In this comparison, he is once again off the mark. In fact, Cyprus experienced only a conventional banking crisis, while Greece and Portugal faced financial crises ...
Jimmy Cliff, Jamaican Music Icon, Passes Away
This is Beirut 2025-11-24 15:20 - Reading : 2 minute(s)
Music Jimmy Cliff Obituary Reggae Legend Jamaica culture
Jimmy Cliff, the iconic reggae star who helped transform the island's rhythmic music into a global cultural phenomenon, has died, his wife said Monday. He was 81. "It is with profound sadness that I share that my husband, Jimmy Cliff, has crossed over due to a seizure followed by pneumonia," his wife Latifa Chambers wrote on his official ...
Gap Law: When the State Organizes Its Disengagement at the Expense of Depositors
This is Beirut 2025-12-19 22:30 - Reading : 3 minute(s)
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 ...
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 ...
The Law of Financial “Massacre”: When Nawaf Salam and “Kulluna Irada” Strip Depositors of Their Savings
Eleonore Stephan for Huna Lubnan 2025-12-21 09:05 - Reading : 3 minute(s)
At one of the darkest moments in Lebanon’s national life, Prime Minister Nawaf Salam is promoting a so-called “financial gap law” as a technical solution, while in reality it legalizes suffering and formalizes the confiscation of Lebanese citizens’ savings. The so-called “Kulluna Irada” law does not merely steal money; it also ...
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, ...
+114% in 2025: Silver Breaks Free and Takes Center Stage
Liliane Mokbel 2025-12-20 14:00 - Reading : 2 minute(s)
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, ...
Syria Welcomes Lifting of US Sanctions
This is Beirut 2025-12-19 21:56 - Reading : 2 minute(s)
USA Donald Trump US Congress Syria sanctions Caesar Act
Syrian President Ahmed al-Sharaa on Friday welcomed the permanent lifting by the United States of the so-called Caesar sanctions, paving the way for the return of investments to the war-ravaged nation. The US Congress on Wednesday permanently ended the sanctions imposed on Syria under Bashar al-Assad, who was ousted in December last year. The ...
Iran Nobel Winner Narges Mohammadi Unwell after 'Violent' Arrest
This is Beirut 2025-12-15 16:57 - Reading : 4 minute(s)
Iran Narges Mohammadi Nobel Prize
Iranian Nobel Peace Prize winner Narges Mohammadi was taken to hospital twice after being violently arrested last week, her supporters said Monday, following a telephone call with the campaigner that raised concerns about her physical condition. Mohammadi, who won the 2023 Nobel Prize, was detained Friday after addressing a memorial ceremony in ...
Israel and Lebanon Hold Second Direct Talks in Naqoura
This is Beirut 2025-12-19 12:40 - Reading : 3 minute(s)
Lebanon South Lebanon UNIFIL United States Israel Lebanese Army
Following talks held Friday in Naqoura, the office of Israeli Prime Minister Benjamin Netanyahu said the meeting addressed ways to advance economic initiatives with Lebanon, alongside ongoing security discussions. In a statement, Benjamin Netanyahu’s office said the meeting aimed to continue the security dialogue, ensure the disarmament of ...
Houthis Detain 10 More Yemeni UN Staffers
This is Beirut 2025-12-18 20:45 - Reading : 2 minute(s)
Hamas Israel Palestine United Nations
Several Israelis entered the Gaza Strip on Thursday in defiance of army orders and held a symbolic flag-raising ceremony to call for the reoccupation and resettlement of the Palestinian territory. The army acknowledged the breach in a statement, saying the group had been under constant observation and reiterating that entry into the area is ...
Depositors Rally Against Government’s Proposed Financial Gap Plan
This is Beirut 2025-12-18 16:45 - Reading : 2 minute(s)
Lebanon Nawaf Salam Council of Ministers Depositors Banks
A protest organized by the Depositors’ Associations Gathering and the Association of Expatriate Depositors was held on Thursday, bringing together representatives of depositor groups and unions in a unified show of opposition to the government’s proposed financial gap draft law. Demonstrators said the proposed legislation unfairly shifts the ...
Scathing Message by “Shiite Depositor” Targets Yassine Jaber
This is Beirut 2025-12-18 14:55 - Reading : 2 minute(s)
Lebanon International Monetary Fund USA Yassine Jaber Nabih Berri
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
This is Beirut 2025-12-18 14:15 - Reading : 4 minute(s)
Central Bank of Lebanon International Monetary Fund Lebanon Banks Banque du Liban
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
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 ...
Lebanon Debate: Gap Law Risks Bankrupting Banks, Wiping out Depositors
This is Beirut 2025-12-18 12:40 - Reading : 4 minute(s)
Banks Central Bank of Lebanon Lebanon Banque du Liban Nawaf Salam
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, ...