Lebanese Interior Minister Mohammad Fahmi asked for assistance from Arab countries Sunday, during the 37th conference of the Council of Arab Interior Ministers held in Tunis. “I am extending my hand to my brothers who have never given up on Lebanon,” Fahmi said during his speech at the conference. The ... Read More »
Lebanon Confirmed 3 More Coronavirus Cases Bringing the Total to 10
The three new cases are people who previously came on planes from Iran. The number of cases of Coronavirus has been increasing in Lebanon ever since the first case was confirmed on February 21st. On Sunday, March 1st, the Lebanese Ministry of Public Health announced that 3 other people were ... Read More »
Lebanon health ministry confirms third case of coronavirus, NNA reports
Lebanon confirmed the country’s third case of coronavirus on Thursday, after a man arriving from Iran on Feb. 24 tested positive, the health ministry said, according to news agency NNA. The patient was taken from his home by the Lebanese Red Cross and into quarantine at a Beirut hospital after ... Read More »
Report: EU Countries ‘Pleased’ with Govt. Performance
Countries of the European Union reportedly “support” the reform goals set by the Lebanese government and are “committed” to the goals agreed at the CEDRE conference, al-Joumhouria daily reported on Tuesday. Quoting western diplomatic sources, the daily said that “EU countries are fully committed to support Lebanon, its people, its ... Read More »
Drillship off Lebanon to start oil and gas exploration
A drillship anchored off Lebanon Tuesday to explore for oil and gas, an energy firm and the government said, raising hopes for a future boost to the country’s crumbling economy. Information Minister Manal Abdel Samad said the first ever such exploration would start within 48 hours. The Tungsten Explorer was ... Read More »
Govt. Appoints Legal, Financial Advisers on Eurobond Debt
Lebanon on Tuesday took another step to try and deal with a massive debt that stands at more than $87 billion or more than 150% of the GDP. Manal Abdul Samad, the information minister, said the government has agreed to appoint Cleary Gottlieb Steen & Hamilton LLP as a legal ... Read More »
In Lebanon, default is ‘virtually certain’ after stark credit downgrades
Investors holding Lebanese bonds are expecting the worst, as years of financial mismanagement may well push the country to default on its debt for the first time in its history. International Monetary Fund officials have been called in to help find a solution to manage Lebanon’s overwhelming debt — some ... Read More »
IMF Asks Lebanon to Peg Dollar at LBP 1,750 or 2,000
An International Monetary Fund delegation wraps up Sunday a three-day visit to Lebanon during which it met with senior political and financial officials. “The delegation stressed that the starting point for the solutions should be reforms, topped by the electricity file,” media reports said. “The delegation also asked Lebanese officials ... Read More »
IMF extends visit to crisis-hit Lebanon: sources
The International Monetary Fund (IMF) will continue meetings with Lebanese authorities on Monday, sources familiar with the process said, extending a visit to provide technical advice that was expected to end on Sunday. The IMF began meetings with Lebanese authorities on Feb. 20 to provide broad technical advice on how ... Read More »
Information and Public Health Ministers hold joint press conference on Coronavirus
Minister of Information, Manal Abdel Samad Najd, and Minister of Public Health, Hamad Hassan, held a work meeting and joint press conference at the Ministry of Information on Saturday afternoon, to shed light on the Coronavirus issue and the necessary and responsible awareness needed in this regard. Attending the meeting ... Read More »