Devdiscourse

Lebanon's Financial Crisis: New Draft Law Aims for Recovery

Lebanon's Prime Minister Nawaf Salam announced a draft law to counter a six-year financial crisis. Meeting IMF standards, it aims to restore confidence in Lebanon. The law proposes repayments to small ...
abc7NY

Electricity out in most of Lebanon as economic crisis causes shortage of fuel

BEIRUT -- Lebanon's main state electricity company supplied around two hours of power to the national grid, local residents told CNN on Sunday, a day after the country was reported to have ...
Al Jazeera on MSN

What is Lebanon’s ‘gap law’ that attempts to end the financial crisis?

To fix the situation, Lebanon’s cabinet is passing a so-called “gap law” that’s expected to be signed by the prime minister ...
Gulf Times

Lebanon’s cabinet approves draft law on financial crisis losses

Lebanon’s government yesterday approved a draft law to distribute financial losses from the 2019 economic crisis that deprived many Lebanese of their deposits despite strong opposition from political ...
Hosted on MSN

Lebanon appoints new central bank governor as it works to climb out of economic crisis

BEIRUT (AP) — Lebanon appointed asset manager Karim Souaid to the post of central bank governor Thursday as the government tries to reform the economy after months of war and decades of mismanagement ...
EconoTimes

Lebanon Cabinet Approves Financial Gap Law to Tackle Ongoing Economic Crisis

Lebanons cabinet has approved a controversial draft law aimed at addressing the countrys prolonged financial crisis, a move ...

Lebanon advances draft law to address losses from economic collapse

BEIRUT, Dec 26 - The Lebanese cabinet on Friday passed a draft law that aims to address a financial crisis that crippled the ...

Lebanese Cabinet approves a draft law to return funds wiped out with the 2019 collapse of banks

Lebanon’s Cabinet on Friday approved a draft law to determine the extent of losses suffered by Lebanese banks during the ...
Devdiscourse

Lebanon's Milestone Move: Restructuring Post-Crisis Banking

Lebanon's Cabinet approved a draft law addressing bank losses from the 2019 financial meltdown. The law outlines a mechanism to return depositors' funds and awaits parliamentary approval. The ...
AOL

Pope Leo XIV begins Lebanon visit amid economic crisis, heightened security concerns

Pope Leo XIV arrived in Lebanon on Sunday, opening the second half of his first international trip as pontiff after three days in Turkey marked by calls for unity, peace and renewed ties among ...
UPI

U.N. warns Lebanon's at a 'turning point,' faces prolonged crisis risk

BEIRUT, Lebanon, July 24 (UPI) --The United Nations has warned that war-torn Lebanon is at "a turning point" and must undertake urgent and immediate recovery efforts to avoid prolonging its six-year ...
Reuters

Alone and unpaid, Lebanon's migrant maids in grip of mental health crisis

BEIRUT, Dec 3 (Thomson Reuters Foundation) - Exhausted by economic collapse, COVID-19 and an explosion that devastated parts of the capital, Lebanon's woes are taking a heavy toll on the nation's ...