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Lebanon’s Cabinet Divided Over Controversial Financial Gap Law

The controversial financial Gap Law presented as key to resolving Lebanon’s enduring banking crisis that deprived depositors of their savings, topped discussions at Monday’s cabinet meeting, exposing differences among ministers.  The session, attended by Central Bank Governor Karim Souaid, was adjourned and will resume Tuesday to ...

Hezbollah Allegedly Strengthens Hold on Beirut Port Amid Disarmament Doubts

Despite the Lebanese cabinet’s move to impose a firm deadline for the disarmament of militias, developments on the ground point to a “lack of seriousness” in enforcing the decision against Hezbollah, a security source told This is Beirut on condition of anonymity, questioning whether the government’s commitment is backed by concrete ...

The IMF Sets an Example Through Lebanese Depositors: Unpacking One the Most Dangerous Laws in the Country’s History

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

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

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

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 ...

Financial Gap Law: Farewell to a Lifetime’s Savings… Where Is Karim Souhaid?

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, ...

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, ...

+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, ...

Gap 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 ...

Syria Welcomes Lifting of US Sanctions

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 ...

Israel and Lebanon Hold Second Direct Talks in Naqoura

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

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

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

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

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

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 ...

Gaza Humanitarian Foundation Announces End of Its Mission

The Gaza Humanitarian Foundation, a U.S.- and Israeli-backed private organization that provided aid for Palestinians in Gaza but was criticized by the UN, said on Monday it was ending its mission. "The Gaza Humanitarian Foundation (GHF) today announced the successful completion of its emergency mission in Gaza after delivering more than 187 ...

Lebanon’s F&B Boom Masks Illicit-Economy Risks

Lebanon finds itself in a paradox. While its broader economy is collapsing, the food-and-beverage (F&B) sector is showing surprising vitality. It may look like a feel-good tale of resilience, but in fact it reveals one of the greatest structural threats to Lebanon’s recovery: a cash-based economy that undermines transparency, fuels illicit ...

Bsat: IMF Seeks to Impose Losses on Banks... Say Goodbye to Deposits!

Lebanese Economy and Trade Minister Amer Bsat made several key statements during his appearance on the television program “Sar El Waet.” He addressed multiple sensitive issues, including the financial-gap law, bank restructuring, and negotiations with the International Monetary Fund (IMF). Bsat emphasized that it is not possible to commit to ...

Cutting Off Hezbollah’s Iranian Lifeline

The time has come to deprive Hezbollah of its footing and halt its systematic effort to dismantle what remains of the Lebanese state. John Hurley, the Under Secretary of the U.S. Treasury for Terrorism and Financial Intelligence, stated last week that there is now a favorable opening in Lebanon to disrupt Iranian funding to Hezbollah and exert ...

Hamas and the Muslim Brotherhood: Between Ideological Lineage and National Adaptation

On April 23, 2025, Jordan’s Ministry of Interior formally banned Brotherhood-related activities in Jordan, citing  an alleged plot threatening national security, orchestrated by a group linked to the Muslim Brotherhood. The decision came amid heightened regional tensions. In the west of the kingdom, the Israel-Hamas war was raging, and public ...

Turkey Says Military Plane Crash in Georgia Killed all 20 On Board

Turkey on Wednesday said all 20 people onboard a military cargo plane that crashed in Georgia on its return from Azerbaijan had died. The plane had taken off from Ganja airport in western Azerbaijan on Tuesday afternoon but crashed shortly after crossing the border into eastern Georgia, the defense ministry said after the incident. It said there ...

Israeli Police Say Settlers Arrested after West Bank Clashes

Israel's police and military said Tuesday that security forces arrested several Israeli settlers after violent clashes near the occupied West Bank city of Tulkarem, during which Palestinians were injured and property was destroyed. The military said it dispatched troops after "masked Israeli civilians... attacked Palestinians and set fire to ...

For Many Syrians, Ahmad al-Sharaa's US Visit Marks New Beginning

On the streets of Damascus on Tuesday, Syrians viewed their leader's visit to Washington as a shift towards the West that could pave the way to reviving the country's war-battered economy. On Monday, Donald Trump received Ahmad al-Sharaa, a first for a Syrian head of state since independence in 1946 and a crowning achievement for the ...

Netflix Unveils First Immersive Theme Parks Across the US

Pretending to be a pirate in an immersive game inspired by the manga One Piece, or wandering through a carnival hosted by Wednesday Addams, is now part of the experience offered inside Netflix’s first theme parks in the United States. For its first “Netflix House,” opening Wednesday, the American streaming giant chose one of the country’s ...

Hakim Calls for Urgent Reforms to Restore Trust and Protect Depositors

Lebanon’s financial and economic situation is going through an unprecedented crisis “that requires decisive measures to restore confidence and protect depositors’ funds, while clarifying the responsibilities of the State.” These are the words of Alain Hakim, former Minister of Economy, summarizing the depth of the country’s economic ...

AI Agents Open Door to New Hacking Threats

Cybersecurity experts are warning that artificial intelligence agents, widely considered the next frontier in the generative AI revolution, could wind up getting hijacked and doing the dirty work for hackers. AI agents are programs that use artificial intelligence chatbots to do the work humans do online, like buy a plane ticket or add events to ...

Sebastian Gorka’s Visit and Lebanon’s Financial Crossroads

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 ...