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Lebanese Eurobonds Drop 13% Amid Regional Tensions

Lebanese eurobonds, long regarded as one of the most profitable investments in emerging markets in 2024, have sharply declined by 13.15%. This downturn is mainly attributed to the recent outbreak of war between Israel and Iran last Friday, coupled with ongoing stalemates in structural reforms and sovereign debt restructuring. These ...

Trump’s Thunderbolt: America Attacks, Iran Shakes, the World Waits

A night that will be etched into Middle East history has just come to an end. In the early hours of June 22, 2025, Donald Trump launched a strike. Six B-2 Spirit stealth bombers took off from a US base and dropped twelve GBU-57 bunker-buster bombs on Iran’s underground Fordow nuclear site, while 30 Tomahawk missiles targeted facilities in ...

Clear Fire and Political Warnings to Hezbollah

Lebanese officials are closely monitoring the rapidly escalating conflict between Iran and Israel, particularly following the United States’ entry into the hostilities. Washington remains concerned that Hezbollah may be drawn into the confrontation, given its longstanding military, political and ideological alignment with the Islamic Republic of ...

Maaloula: The Silent Exile of an Ancient Language

Nestled on the cliffsides at the foothills of the Qalamoun mountains, Maaloula gazes out over the void. Behind the picturesque façade of its alleys and its millennia-old language lies a harsher reality: a language and culture under siege. A minority identity caught in the grip of centralizing nationalism, institutionalized othering and a century ...

US Military Operation in Iran: What We Know So Far

The United States has carried out strikes that caused "extremely severe damage and destruction" to three of Iran's nuclear facilities, the top US military officer, General Dan Caine, said on Sunday. President Donald Trump had spent weeks pursuing a diplomatic path to replace the nuclear deal with Tehran that he tore up during his first term in ...

Iran-Israel War: Latest Developments on Day 10

US strikes on three Iranian nuclear sites "devastated" Iran's nuclear program, the Pentagon said on Sunday, as Washington insisted it was not seeking a change of government in the Islamic republic following its intervention alongside Israel. With the Iran-Israel in its 10th day, here are the latest developments: US intervention US ...

Interceptor Debris Sparks Fire in Bint Jbeil

A fire broke out Monday morning between Majdal Selm and Khirbet Selm, in the Bint Jbeil district of South Lebanon, after debris from an interceptor missile fell in the area. The blast was felt in several towns across the region, with residents reporting loud explosions that fueled fears among the population. Such incidents have become ...

Travel Agencies Hit Hard, as Lebanese Cancel Trips Abroad

The disruption or cancellation of Beirut-bound regular flights, which had stranded hundreds of Lebanese in Egypt’s Sharm el Sheikh resort due to the escalating confrontation between Iran and Israel, discouraged many from taking summer breaks outside Lebanon. Travel agencies are bracing for significant losses with the increasing number of ...

Lebanon’s Tourism: The Endless Summer That Fails to Deliver

Since June 13, the travel sector in the Middle East has faced severe turbulence following clashes between Iran and Israel. And as always, Lebanon — true to its role as the region’s perennial bystander in the wrong place at the wrong time — ends up paying the price, once again caught in the center of the storm. “The sector has suffered ...

Israeli Jets Bomb Hezbollah Targets North of Litani

Israeli warplanes launched a series of intense air raids Monday afternoon, striking multiple locations north of the Litani River in southern Lebanon. The strikes targeted a wide area spanning towns and villages in the cazas of Sidon, Nabatieh, Jezzine and Bint Jbeil, including Zarariyeh, Mahmoudiyeh, Wadi Kfar Melki, Ansar, Tibna, Baysariyeh, ...

Oil Prices Fall More than 7% after Iran Attacks US Military Base

Oil prices sank more than six percent Monday after Iran attacked a US military base in neighboring Qatar in retaliation for US weekend strikes on Iranian nuclear facilities. Near 1815 GMT, futures for West Texas Intermediate fell 7.22 percent to $68.51 a barrel, while Brent oil futures dropped 7.18 percent to $72.07 a barrel, its lowest level in ...

Israel-Iran, Day 12: Daybreak Confusion, Ceasefire Claims Collide with Renewed Strikes

At dawn on Tuesday, uncertainty still seems to master of ceremony. What was announced just hours earlier as the beginning of a ceasefire appeared anything but, as missile sirens blared across Israeli cities and explosions lit up the skies over Tehran. As U.S. President Donald Trump announced that the ceasefire had taken effect Tuesday morning, ...

Oil Prices Drop as Israel Agrees to Ceasefire Proposal

Oil prices sank more than five percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. Shares in Asia were buoyant, as fears of an energy market shock eased following 12 days of war between Israel and its arch-foe. London, Paris and Frankfurt also rose at the open. At around ...

Messi to Face PSG After Miami and Palmeiras Draw to go Through

Lionel Messi faces a reunion with his former club Paris Saint-Germain after his Inter Miami side reached the last 16 of the Club World Cup with a 2-2 draw with Palmeiras. The Brazilian side fought back from two goals down to draw at Hard Rock Stadium, a result which secured both teams a place in the knock-out stages. Goals from Tadeo Allende and ...

Trump on Ceasefire Violations: Iran and Israel 'Don't Know What the F... They're Doing'

The Israeli army carried out a “symbolic attack” against Iran on Tuesday afternoon in retaliation for the Iranian strike earlier that morning, which killed seven people on Israeli territory. The Israeli attack took place despite a strong warning issued a little earlier by US President Donald Trump in Tel Aviv. Trump made an urgent ...

Minimum Wage: The Debate Heats Up Again

As regional tensions momentarily subside, Lebanese households refocus on their most urgent issue: wages. The minimum wage debate has resurfaced under intense social pressure, yet concrete progress remains elusive. The sudden silence from the labor minister adds to the growing uncertainty. Notably, the latest minimum wage increase did not ...

As War Recedes, Oil Prices Plunge and Markets Rally

From Cold Sweats to Cooling Oil: Why Crude Prices Are Plunging After the Iran-Israel De-Escalation A bomb can send oil prices soaring – unless it doesn’t hit as hard as expected. That’s exactly what played out in the markets following Iran’s limited strike on a United States base in Qatar, followed by a surprise ceasefire between Tehran ...

US Intel Says Strikes Did Not Destroy Iran Nuclear Program

A classified preliminary US intelligence report has concluded that American strikes on Iran set back Tehran's nuclear program by just a few months -- rather than destroying it as claimed by President Donald Trump. US media on Tuesday cited people familiar with the Defense Intelligence Agency (DIA) findings as saying the weekend strikes did ...

What Does NATO's 5% Spending Deal Really Mean?

NATO leaders are set to sign off Wednesday at their Hague summit on a defense spending pledge to satisfy US President Donald Trump's demand for a headline figure of five percent of GDP. Here are the details of what NATO is signing up to: Five percent? Not really  Trump has insisted NATO countries hit the five-percent bar -- well beyond the ...

Israeli Strikes in Southern Lebanon and Katz Warns Hezbollah

The Israeli army announced that it had struck several Hezbollah military sites in southern Lebanon late Friday afternoon. According to a statement, the targets included rocket launchers, missile launch pads, and weapons depots. The Israeli army claims that Hezbollah was attempting to reactivate its military activities in these areas, in flagrant ...

Targeted Strikes in Southern Lebanon

While the intensity of strikes in Lebanon has subsided since the start of the direct confrontation between Israel and Iran, military operations have nevertheless been reported in the south of the country in recent days. On the night of Wednesday to Thursday, an Israeli drone targeted a motorcycle in the Kfarjoz neighborhood of Nabatiyeh, killing ...

Bloody Night in Kharkiv, Prisoner Exchanges Between Russia and Ukraine Resume

Fresh Russian strikes on Ukraine's northeastern city of Kharkiv killed two people and wounded 60, including children, early Wednesday, authorities said, as Moscow pushed ahead with its relentless attacks after rejecting an unconditional ceasefire. "Seventeen strikes by enemy UAVs (drones) were carried out in two districts of the city tonight," ...

Israel Mobilizes Troops on Its Northern Border and Strikes Beit Lif in South Lebanon

Tensions rose in southern Lebanon on Saturday afternoon after a drone strike targeted the town of Beit-Lif. This comes as the Israeli army strengthens its presence on the border with Syria and Lebanon. Injuries in Israeli Strike on Beit-Lif In southern Lebanon, the Israeli strike targeted a “Rapid” type car in the border town of Beit ...

Lebanon Meets the IMF: An Exercise in Masochism

The latest round of kabuki theater between Lebanon’s government and the IMF has produced what all such high-level summits inevitably do: a mixture of forced smiles, indecipherable jargon, and the vague scent of scorched-earth diplomacy. It also revealed something everyone in the room knew but no one had the courage—or funding—to fix: Lebanon ...

Elon Musk Says He "Went Too Far" in Criticism of Trump

Elon Musk, the world's richest person and Donald Trump's former advisor, said Wednesday he regretted some of his recent criticisms of the US president after the pair's public falling-out last week. "I regret some of my posts about President @realDonaldTrump last week. They went too far," Musk wrote on his social media platform X. Musk's ...

Life Emits a Light That Death Extinguishes

Until a few decades ago, this phenomenon remained virtually unknown. All living organisms, from plants to mammals, continuously emit a faint, invisible light, far too subtle for the human eye to detect. This emission, referred to as ultra-weak bioluminescence or oxidative chemiluminescence, ceases abruptly upon death. Long overlooked, this optical ...

President Donald Trump Hails Rare Earth Deal with China, Praises "Excellent" Relations

U.S. President Donald Trump on Wednesday welcomed a tentative agreement reached overnight in London between Washington and Beijing, which he says will enable the supply of rare earth minerals to the United States, praising the “excellent” relationship between the two countries. "An agreement with China has been reached, pending final approval ...

Global Forced Displacement Dips Slightly but Remains at Record Levels

The number of people forcibly displaced from their homes worldwide has dropped slightly from a record high but remains "untenably high," the United Nations said Thursday. A record 123.2 million people worldwide were forcibly displaced from their homes at the end of 2024, said UNHCR, the UN refugee agency. But that figure dropped to 122.1 million ...

Israeli Drone Attack Leaves One Dead in Nabatiyeh al-Fowqa, South Lebanon

A drone strike targeted a motorcycle on Thursday evening in the Al-Deir neighborhood in Nabatiyeh al-Fowqa, killing one person. Earlier, one person was injured in an Israeli drone attack targeting as well motorcycle in the southern Lebanese town of Deir Siryan, in the caza of Marjayoun.  Meanwhile, the Lebanese Armed Forces (LAF) made a ...