The Finance Ministry announced on Monday that Lebanon is going to “suspend” payments on all its Eurobond in foreign currency after defaulting on its $1.2 billion March 9 debt to safeguard dwindling foreign currency reserves. The Ministry said in an English-language statement released today: “On March 7, 2020, Lebanon announced ...

Banque du Liban on Monday called on Lebanon’s banks and financial institutions to grant extraordinary Lebanese lira or US dollar loans to clients already benefitting from loans granted in the past, in light of the new economic strains inflicted by the coronavirus crisis. The central bank said the new loans ...

The National Operation Room for Disaster Management revealed in its daily COVID-19 report that 11 new coronavirus cases have been recorded in Lebanon. On Monday afternoon, March 23rd, the Operation Room released its 5th COVID-19 report. This report came a few hours after that of the Ministry of Public Health. ...

Minister of Information, Manal Abdel Samad, requested in a tweet on Monday, the production of a video where sign language would be used to raise awareness about the novel coronavirus, in support for people with special needs. “Within the framework of our continuous endeavor to disseminate correct information, and in ...

Confirmed infections of the rapidly spreading coronavirus surpassed 350,000 worldwide on Monday and global deaths rose past 15,000, as COVID-19 spreads across Europe and North America. COVID-19 has now infected more than 350,536 people, according to Johns Hopkins University, and killed at least 15,328 people. More than 100,000 people of ...

The world will take years to recover from the coronavirus pandemic, the Organisation for Economic Co-operation and Development has warned. Angel Gurría, OECD secretary general, said the economic shock was already bigger than the financial crisis. He told the BBC it was “wishful thinking” to believe that countries would bounce ...

Largest scale experiment ever’ shows what is possible as satellite images reveal marked fall in global nitrogen dioxide levels The coronavirus pandemic is shutting down industrial activity and temporarily slashing air pollution levels around the world, satellite imagery from the European Space Agency shows. One expert said the sudden shift ...

A European clinical trial involving some 3,200 people has been launched to test four possible experimental treatments against the coronavirus. The four treatments to be studied are remdesivir, lopinavir and ritonavir in combination, the latter being administered with or without interferon beta and hydroxychloroquine, French public health research body Inserm ...

Lebanon now has a total of 248 coronavirus (COVID-19) cases, as confirmed by the Ministry of Public Health on Sunday, March 22nd. In its daily COVID-19 report, the Health Ministry stated: “From February 21st until March 22nd, 2020, the total of laboratory-confirmed COVID-19 cases has reached 248 after 18 cases ...

Minister of Information, Dr. Manal Abdel Samad Najd, warned in an interview with “Radio Lebanon” on Sunday, against “the danger of accelerating our move towards the fourth stage of the spread of the Coronavirus if we do not take the necessary measures, whether on part of the state and all its ...