Lebanon on Monday received a French medical shipment aimed at assisting the country in confronting the COVID-19 coronavirus. Foreign Minister Nassif Hitti and French Embassy Charge d’Affaires Salina Grenet-Catalano attended the handover ceremony at Beirut’s Rafik Hariri International Airport. In a statement, the French Embassy said the shipment was sent ... Read More »
Lebanon Coronavirus Cases Surge to 41 after Nine More Confirmed
Lebanon’s coronavirus cases rose to 41 on Monday following the confirmation of nine more infections, the state-run Rafik Hariri University Hospital said. In a statement, it said it received 132 individuals at its special coronavirus section of whom 23 were kept in quarantine and the rest were told to observe ... Read More »
Lebanon says to default on eurobonds as financial crisis intensifies
Lebanon said Saturday it would default on its Eurobond debt for the first time and seek out restructuring agreements due to a spiralling financial crisis that has hit foreign currency reserves. The country, hit by a severe liquidity crunch and months of anti-establishment protests, was due on Monday to repay ... Read More »
Kubis: I encourage creditors to work with Lebanese government to avoid disorderly default
United Nations Special Coordinator for Lebanon Jan Kubis said on Sunday that “the honest statement of Prime Minister Hassan Diab about the failure of the previous economic model opens the way out of the crisis.” “I encourage creditors to work with the government to avoid disorderly default following the suspension ... Read More »
Breaking: 1 New Confirmed Coronavirus Case in Lebanon, Total of 33
The management of Hotel-Dieu de France Hospital in Beirut recorded a coronavirus case and issued the following statement on their official Facebook page, Sunday, March 8th: “We received a patient who, after the necessary medical examination, was confirmed to be infected with the coronavirus.” “The patient was transferred directly from ... Read More »
Govt. Approves Bank Secrecy Bill, to Meet on Eurobonds Saturday
The Cabinet on Thursday approved a draft law on lifting bank secrecy, Information Minister Manal Abdul Samad said, describing it as “an important achievement for the government, which will not hesitate to hold accountable any corrupt person.” Speaking after a Cabinet session at the Baabda Palace, Abdul Samad added that ... Read More »
Oueidat suspends order to freeze assets of 21 banks
State Prosecutor Ghassan Oueidat suspended Thursday an order to freeze the assets of 21 Lebanese banks, warning it would plunge the country and its financial sector into chaos. Oueidat said international financial authorities had intended to halt dealings with Lebanese banks, without giving further details. Earlier Thursday, a judge stunned ... Read More »
Aoun tackles monetary situation with Sfeir
President of the Republic, Michel Aoun, received this Thursday at Baabda Palace, the Chairman of the Association of Banks in Lebanon, Salim Sfeir, accompanied by his adviser, Antoine Habib. Discussions reportedly touched on the current financial and monetary situation and the work of banks, as well as the measures to ... Read More »
Rafic Hariri Airport and Parts of Beirut Just Got Sterilized
The initiative aims to contain coronavirus from becoming pandemic in Lebanon. The Ambassador of the United Arab Emirates, Hamad Saeed Al Shamsi, and the Governor of Beirut, Judge Ziad Chbib, launched the “Emirates Humanitarian Initiative” campaign aiming to sterilize places of worship, public places, gathering places, and streets in Beirut. ... Read More »
1 New Coronavirus Case in Lebanon, Bringing the Total to 16
A Lebanese woman coming from the UK where 90 coronavirus cases have been confirmed. The number of coronavirus cases in Lebanon rose to 16 on Thursday, February 5th, after a Lebanese woman who had come from the United Kingdom tested positive for the virus, which was confirmed by the Ministry of ... Read More »