Naharnet
Latest stories
Central Bank Backs Key Importers amid Fears of Dollar Shortage

Lebanon's central bank is to facilitate access to dollars for importers of petroleum products, wheat and medicine, state media said Tuesday, following fears of a dollar shortage and possible currency devaluation.

W140 Full Story
Jreissati Launches Campaign to Reduce Plastic Bags

Environment Minister Fadi Jreissati on Tuesday launched a campaign to reduce the use of plastic bags to end plastic waste as Lebanon grapples with a trash management crisis.

W140 Full Story
Report: Economists Fear Consequences of ‘Shifting’ Govt. Responsibilities to BDL

As Lebanon grapples with a worsening economic crisis, economists fear the consequences of pushing the central bank to assume a role that is supposed to be the responsibility of the government, al-Joumhouria daily reported on Tuesday.

W140 Full Story
Presidency Says Reports Attributed to Baabda Sources are ‘Unfounded’

The Presidency of the Lebanese Republic on Monday described as “baseless” the quotes attributed to “sources close to Baabda” Presidential Palace, claiming that the solution for Lebanon’s current crisis lies within the resignation of the government.

W140 Full Story
Jumblat Proposes Compulsory Military Service, Solution for Unemployment

Progressive Socialist Party leader ex-MP Walid Jumblat on Monday said that compulsory military service must be restored in Lebanon and called for new government measures compelling contractors to employ more Lebanese workers to fight unemployment.

W140 Full Story
Salameh Seeks to Ease Demand for Dollars

Central Bank Governor Riad Salameh said on Monday that the bank will secure foreign currency for some imports in a move that is expected to ease the demand for hard currency.

Salameh said after meeting President Michel Aoun at Baabda that the central bank will secure foreign currency needs of the private and public sectors, according to official prices.

W140 Full Story
Hariri to Paris for Final Farewell to Chirac

Prime Minister Saad Hariri left Beirut for Paris to represent Lebanon on Monday at the farewell ceremony honoring former French President Jacques Chirac, Hariri’s media office said.

W140 Full Story
Iran Releases Photo of Khamenei with Nasrallah

Iran has released a "never before seen" photo of supreme leader Ayatollah Ali Khamenei alongside Hizbullah leader Sayyed Hassan Nasrallah.

W140 Full Story
Protests in Beirut over Worsening Economic Crisis

Hundreds of Lebanese protested Sunday in the country's capital and other areas over an economic crisis that worsened over the past two weeks, with worries over dollar-reliant Lebanon's local currency losing value for the first time in more than two decades.

Lebanon is facing a deep-running fiscal crisis as it staggers under one of the highest debt ratios in the world, at $86 billion or more than 150% of the country's gross domestic product.

W140 Full Story
Aoun Discusses Fuel, Wheat and Medicine ‘Crisis’

President Michel Aoun on Saturday made several contacts with monetary policymakers to follow on the latest developments aggravating in Lebanon over the dollar “shortage” crisis.

LBCI station said “contacts from Baabda Presidential Palace included talks with Minister of Economy Ali Hassan Khalil and Central Bank (BDL) governor Riad Salameh.”

W140 Full Story