The Cabinet is set Wednesday to endorse a long-awaited new vote law based on proportional representation before sending it to Parliament for final ratification after all hurdles have been overcome, thus clearing the way for holding the first legislative elections in more than eight years. The major breakthrough in the ... Read More »
Berri and Cyprus president talk oil and gas cooperation
Speaker Nabih Berri and President of Cyprus Nicos Anastasiades said Tuesday that both countries will cooperate on offshore oil and gas exploration in their respective maritime zones. During their meeting, Berri and Anastasiades also discussed collaboration between Lebanon and Cyprus on various local and regional issues. “We discussed several matters ... Read More »
GroupMed announces OLT Holding s.a.l. as a new shareholder
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 ... Read More »
US opts out of G7 pledge committing to Paris climate accord
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 ... Read More »
Hariri sees new vote law by Wednesday despite hurdles
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 ... Read More »
Aoun calls for more cooperation with Cyprus
President Michel Aoun called for increased cooperation between Cyprus and Lebanon in the oil and gas sector Monday as he welcomed Cypriot President Nicos Anastasiades to the presidential palace. Anastasiades was welcomed by an official honor guard, with Lebanon’s foreign, economy, industry, tourism and anti-corruption ministers all present. “We hope ... Read More »
Third U.K. attacker named as anger grows over security flaws
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 ... Read More »
Hariri, Berri stand fast over FPM’s latest conditions
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 ... Read More »
Machnouk praises security coordination
Interior Minister Nouhad Machnouk Tuesday praised the coordination between security agencies that helped prevent a planned suicide bomb attack in Beirut’s southern suburbs. “The planned suicide bombing in Beirut’s southern suburbs by terrorists was prevented due to a pre-emptive operation and coordination between the General Security and Internal Security Forces ... Read More »
Aoun meets CENTCOM leader
President Michel Aoun said Tuesday that Lebanon was keenly engaged in the fight against terrorism, adding that the military operations currently implemented are serving their mission. Speaking during a meeting with United States Central Command’s Gen. Joseph Votel, Aoun said that the pre-emptive military operations the Lebanese Army has been ... Read More »