lebanon

After the Withdrawal Limit Increase: What About BDL Reserves?

In a highly anticipated move, Lebanon’s Central Bank (BDL) announced on Wednesday an increase in the withdrawal limits for Circulars 158 and 166, raising them to $500 and $250 per month, respectively, effective March 1. While the decision was welcomed by depositors, it has sparked concerns over its cost and potential impact on BDL’s reserves ...

Exclusive: Dr. Matthew Levitt: A Majority of Lebanese Are Annoyed by Hezbollah's Entry into War with Israel

In an exclusive interview, Dr. Matthew Levitt, the Director of the Reinhard Program on Counterterrorism and Intelligence at the Washington Institute for Near East Policy, explained how the Lebanese Army exceeded Washington’s expectations in its deployment in South Lebanon. He also explained that Lebanon and Israel should start discussing peace ...

Lebanon-Syria: Smuggling Thrives on Fuel

The illegal trafficking of goods between Lebanon and Syria has been a longstanding issue. Despite the collapse of Bashar al-Assad’s regime, little progress has been made, even with the United Kingdom’s assistance to Lebanon in securing its borders, notably through the construction of surveillance towers along the northern and eastern ...

The World Bank Recommends the Creation of a Transparent Reconstruction Fund

Lebanon has received key recommendations from the World Bank (WB) concerning the country’s reconstruction efforts. According to information reported by LBCI, in a recent meeting at the Grand Serail, members of the WB delegation stressed the need to establish a dedicated reconstruction fund, along with reforms to ensure financial ...

Football - Lebanon: Al-Ansar Wins the Derby and Takes the Lead

Al-Ansar made a strong statement in the Lebanese Premier League by winning the fiery "Beirut derby" against its eternal rival Nejmeh (2-1). Under heavy rain and in an electrified Fouad Chehab Stadium, the Greens secured a prestigious victory that allows them to take sole control of the standings after this sixth matchday. An Intense Clash in the ...

The Necessity of Restructuring the Public Sector: A 'Political' Solution

Salaries and wages of public sector employees and workers: a pending issue whose resolution is tied to the beginning of the new mandate… These employees have already received promises that have not materialized, the latest being from the previous government led by Najib Mikati, which promised a new salary scale—never adopted—last June. Many ...

End of the Road for the Bidding Process on Exploration of Blocks 8 and 10

Lebanon will close, on March 17, the third round of bidding for gas exploration in blocks 8 and 10 of its Exclusive Economic Zone (EEZ), located off its coast. This project could be a major breakthrough for the country in terms of energy security and economic development. These bids are seen as an opportunity to attract foreign investment and tap ...

Ralph Charbel Leads Argentina to Victory at the Basketball Arbitral Tribunal in Geneva

The Basketball Arbitral Tribunal (BAT) in Geneva rendered today its decision in favor of the Argentinian coach Nestor Rafael Garcia, represented by the international sports lawyer Ralph Charbel, in the case opposing the Argentinian coach to Al Ahli Club from Bahrain. The BAT founded its decision on the factual and legal arguments submitted by the ...

Qlayaat Airport: Now or Never

From the moment he was appointed, Minister of Public Works and Transport Fayez Rasamny has shown a firm determination to revive the rehabilitation project of Qlayaat Airport, also known as René Mouawad Airport. According to him, this initiative will be part of a comprehensive vision for air transport, which will be implemented once the government ...

Football – Friendly: Lebanon Stumbles Against Myanmar

The Lebanese team’s journey in Nepalese territory began with disappointment. In the opening match of the friendly tournament organized by the Nepalese Football Federation, the Lebanese women were defeated 1-3 by a more efficient Myanmar team on the pitch of Dasarath Rangasala Stadium in Kathmandu. A Promising Start, but a Lack of Finishing The ...

Khalaf: Fair Solutions to Restore Confidence

The Secretary General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, stated that fair solutions remain possible to restore depositors' trust and safeguard the banking sector, emphasizing the importance of deep reforms to revive the country's economy. In the introduction to the ABL's monthly report titled “Addressing the Financial ...