This is Beirut, 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 ...
This is Beirut, 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 ...
This is Beirut, 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, ...
This is Beirut, 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 ...
Antoine Saade, 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 ...
This is Beirut, 19/12 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 ...
This is Beirut, 19/12 14:35 - Reading : 2 minute(s)
Lebanon Lebanese Army Nawaf Salam Joseph Aoun Egypt Madbouly
Egyptian Prime Minister Mostafa Madbouly met with Lebanese President Joseph Aoun on Friday, reaffirming Egypt’s steadfast support for Lebanon and stressing the need for stability, sovereignty, and full implementation of UN Security Council Resolution 1701. In his remarks, Madbouly said the visit aimed to “convey Egypt’s full support to ...
This is Beirut, 19/12 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 ...
This is Beirut, 19/12 11:30 - Reading : 2 minute(s)
Hezbollah Israel Lebanon Europe United States
Israel on Friday disclosed new details about its “Behind the Back” operation, a November 2, 2024 raid in northern Lebanon that led to the capture of Imad Amhaz, whom the Israeli army described as a senior figure in Hezbollah’s secret maritime apparatus and a member of the coastal missile unit (Unit 7900). Training and Expertise During his ...
Bassam Abou Zeid, 18/12 17:40 - Reading : 3 minute(s)
Donald Trump Benjamin Netanyahu Lebanon Hezbollah Israel
The mechanism meeting on Friday takes place amid a series of unfolding events, beginning with the Paris meeting that set a preliminary date for the Army Support Conference in February, continuing with army operations in Yanouh in the Tyre district and videos from Toulin in the Nabatieh district, and culminating with the highly anticipated summit ...
This is Beirut, 18/12 17:10 - Reading : 2 minute(s)
Hezbollah Saudi Arabia Lebanon Israel Joseph Aoun
Hezbollah official Ammar Al-Moussawi has been on a secret three-day visit to Saudi Arabia, coordinated through Turkish mediation following his trip to Istanbul for the “Al-Ahd for Jerusalem Conference,” according to Nidaa Al-Watan. Sources cited by the newspaper said the meetings focused on providing “reassurances” regarding the recent ...
This is Beirut, 18/12 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 ...