Finance Minister Ghazi Wazni said the cabinet will likely approve the capital control law during its next meeting, with emphasis on protecting the rights of depositors, al-Joumhouria daily reported on Wednesday. “There is a high possibility that the cabinet is to approve on Thursday the capital control law,” he said, ... Read More »
The new coronavirus will infect half of the global population and have a fatality rate of up to 3%, analysts said Wednesday. “We assume that the virus will infect around 50% of the world population; 20% of the cases will be severe, and 1-3% will result in deaths,” analysts from ... Read More »
The euro area is under pressure once again as the coronavirus outbreak shakes up countries in the bloc and brings historic differences to the fore. The euro zone, in which 19 countries share the same currency, has struggled to grow since the sovereign debt crisis of 2011. At the time, ... Read More »
Army Commander, General Joseph Aoun, received at his office in Yarzeh the Minister of Information, Manal Abdel Samad, and discussed with her the ongoing coordination between the Ministry and the Army command. Read More »
In its daily report on the novel coronavirus, the Ministry of Public Health indicated Wednesday that the total of laboratory-confirmed cases had reached 133. It added that one death had been recorded. The deceased is a man in his 90s suffering from chronic diseases. Read More »
Imported coronavirus cases in China outnumbered cases of location transmission for the fifth straight day as infected travelers passed through major Chinese transportation hubs in Beijing, Shanghai, Guangzhou and Shenzhen. Mainland China had 13 new confirmed cases of coronavirus infections on Tuesday, the country’s National Health Commission said, down from ... Read More »
Prime Minister Hassan Diab highlighted that the recent coronavirus development tops our priorities, adding that the Government is carrying out its duties to protect the Lebanese without negligence, and working to limit the spread of this virus; and the results are so far positive. He then mentioned that the feedback ... Read More »
Lebanon’s finance minister urged prosecutors to take action against the country’s banks after they defied a government order to maintain “necessary functions” by announcing that they would close until March 29, citing coronavirus. Finance Minister Ghazi Wazni called on prosecutors to “act quickly in light of the Association of ... Read More »
The Ministry of Public Health just released its daily COVID-19 report. It confirmed 11 new cases in the past 24 hours and announced the new total to be 120 coronavirus infections in Lebanon. On Tuesday, the ministry stated: “From February 21st until March 17th, 2020, the total of laboratory-confirmed COVID-19 ... Read More »
The Federal Reserve committed hundreds of billions of dollars to steadying the financial markets. The S&P 500 plummeted nearly 12 percent anyway. Financial markets imploded again on Monday, as increasingly alarmed investors feared that the global economy could experience a downturn rivaling the cataclysmic recession after the financial crisis a ... Read More »
Lebanese Ministry of Information