GroupMed Holding s.a.l., the owner of Bankmed s.a.l. is pleased to announce a new shareholder, OLT Holding s.a.l. Following the approval of the Central Bank of Lebanon, OLT Holding s.a.l. owned by Mr. Ala Al Khawaja has successfully acquired from Mr. Ayman Hariri a 42.24% ownership stake of the share ...

The United States refused Monday to sign on to a Group of Seven pledge that calls the Paris climate accord the “irreversible” global tool to address climate change. The G-7 environment ministers issued a final communique Monday after their two-day meeting, the first since the United States announced it was ...

Prime Minister Saad Hariri announced Monday that Lebanon would have a new vote law by Wednesday despite remaining obstacles that could unravel the agreement reached by the country’s top leaders to avert a parliamentary vacuum and clear the way for holding the first elections since 2009. He also said that ...

Police Tuesday identified the third attacker in the weekend terror assault in London amid mounting anger, two days before an election, over how the killers had apparently escaped surveillance. With flags at half-mast, Britain fell silent at 11:00 am to remember the seven killed and dozens injured Saturday – a ...

Prime Minister Saad Hariri chaired a highly important meeting Tuesday night attended by senior officials of the country’s main political parties in the latest attempt to resolve sticking points that threaten to unravel a deal on a new vote law based on proportional representation. The meeting at Hariri’s Beirut Downtown ...

Parliament’s Finance and Budget Committee Monday completed the first of two sessions to finalize Lebanon’s 2017 state budget. “We’ve reached Article 50 [of the draft budget], and discussions will continue on this issue and other related topics,” Change and Reform bloc MP Ibrahim Kanaan told the press following the meeting. ...

Prime Minister Saad Hariri Tuesday condemned Monday night’s suspected suicide attack in Manchester, which left at least 22 dead, including children, and scores wounded. The Premier addressed the tragedy via Twitter, expressing “Total solidarity with the people of Britain in the face of the cowardly terrorist attack in Manchester.” The ...

The concluding remarks from last week’s session of the U.N. Committee on the Rights of the Child evaluation of Lebanon was released Monday indicating some improvements as well as remaining challenges. Social Affairs Minister Pierre Abou Assi introduced the report and reaffirmed Lebanon’s commitment to creating a “safe environment.” The ...

Russia appears to have deployed Special Forces to an airbase in western Egypt near the border with Libya in recent days, according to US, Egyptian and diplomatic sources, in a move that adds to US concerns about Moscow’s deepening role in Libya. The US and diplomatic officials said any such ...

The Cabinet will meet again Thursday after concluding another fruitless session to agree a draft state budget, yet Information Minister Melhem Riachi described the deliberations as “positive.” “We continued discussing the budget … and the salary scale and all the files that are included within the budget,” he told reporters ...