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Financial losses: What a plan put forward by Henri Chaoul proposes

As the situation in Lebanon deteriorates by the day, experts following up on the economic crisis continue to ponder a viable recovery plan for the financial sector. Economist Jean Tawileh outlined...

Magaly ABBOUD, 16 June 2021

Following a meeting of his caretaker cabinet and senior security officials, outgoing Premier Hassan Diab asked security forces to remain on “extreme alert” for hoarded medicine, infant milk and fuel, and urged that severe sanctions be imposed on all “monopolists and smugglers”

16 June 2021

Lebanon has registered 115 new COVID-19 cases in the past 24 hours. Four more people have died, bringing the total death toll to 7,808

16 June 2021

The Israeli army has fired smoke bombs and tear gas canisters at a crowded cafe in the border village of Adaisseh in south Lebanon as well as at a nearby shepherd, Lebanese media outlets report. Israeli soldiers were allegedly repairing security cameras on border line at the time

16 June 2021

A joint parliamentary committee has formed a sub-committee to examine two proposals to replace the current subsidy program with ration cards. The first plan was prepared by caretaker Prime Minister Hassan Diab, while the other was submitted by MP Gebran Bassil (FPM/Batroun)

16 June 2021

The bank’s foreign assets, which mainly represent its reserves — currently being used to subsidize essential imports — have fallen by about $260 million over the same period

16 June 2021

BDL’s latest interim balance sheet shows an additional LL478.6 billion in circulation since June 1, bringing the total to LL40.4 trillion. This marks a decrease from the average biweekly increase this year of LL896 billion, reflecting BDL’s efforts to bolster the lira’s value

16 June 2021

Donor countries will convene Thursday to conjure support for the withering Lebanese Army

BEIRUT — While previous donor conferences held to support the Lebanese Army aimed at its development and professionalization, a virtual meeting set for Thursday is targeting something much more...

Emily Lewis, 16 June 2021

Commercial banks will close tomorrow as a part of a general strike called for by the General Confederation of Lebanese Workers to protest deteriorating living conditions in the country, the Association of Banks in Lebanon said in a statement

16 June 2021

The Energy Ministry did not update its gas price list this week, a gas station owners’ syndicate spokesman said. The prices remain LL41,800 and LL43,000 for 20 liters of 95- and 98-octane gas, respectively; LL30,000 for 20 L of diesel; and LL25,200 for a tank of household gas

16 June 2021

Gas shortages to ease, call for UN probe into port blast, Captagon bust: Everything you need to know today

Want to get the Morning Brief by email? Click here to sign up. Gasoline shortages should temporarily ease after tankers unloaded their cargo. Some 11 million liters of fuel are being...

16 June 2021