Berri isolates Aoun just a little bit more
The political feud over the cabinet formation appears to have taken a new turn. The tug-of-war is no longer between President Michel Aoun’s camp and Prime Minister-designate Saad Hariri, but rather...
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Lebanese scorn political parties’ participation in general strike
BEIRUT — Government offices, banks and businesses across the country shuttered their doors Thursday, partaking in a general strike in protest of the ongoing government formation deadlock and the...
Ghada Alsharif, 17 June 2021
With few tangibles, world powers promise help to Lebanese Army
PARIS — World powers promised on Thursday to support Lebanon’s army to prevent its collapse amid the deepest political and economic crisis since the Middle East nation’s 1975–90 Civil War, but they...
17 June 2021
BDL said it will keep on selling dollars at LL12,000 to commercial banks, who in turn sell the dollars at LL12,120 to customers who deposit cash lira. A total of $35 million were bought and sold through Sayrafa this week, at an average rate of LL12,200 to the dollar, BDL added
17 June 2021
As of Monday, BDL said it will start selling dollars on a daily basis to clients registered on Sayrafa. To obtain dollars, clients were previously asked to deposit the value in cash lira at commercial banks with BDL pledging to honor their purchases on Thursdays
17 June 2021
Banque du Liban will start referring money changers to the Higher Banking Commission from next week since they are not registering all their transactions on Sayrafa, the central bank’s currency exchange platform. The move comes after BDL examined Sayrafa’s database, the bank said
17 June 2021
Lebanon has registered 165 new COVID-19 cases in the past 24 hours. Three more people have died, bringing the total death toll to 7,811
17 June 2021
A large fire has engulfed three cars parked at the Beirut airport. An airport security source told L’Orient Today that the blaze started as the owner of one car was filling his tank with gasoline from a jug. Firefighters are present at the scene
17 June 2021
Lebanese banks swallow at least $250 million in UN aid
BEIRUT — At least $250 million in United Nations humanitarian aid intended for refugees and poor communities in Lebanon has been lost to banks selling the local currency at highly unfavorable...
Timour Azhari, 17 June 2021
‘Financial surrealism’: Lebanese opt for beer over banks
BEIRUT — Faced with the choice of leaving their savings stuck in the bank or investing them at a huge loss, some Lebanese people are opting to punt. For them, it’s the only sensible option in a...
David BARBUSCIA, 17 June 2021
Lebanon’s banks stuck in reverse: Jobs go, lending dives
BEIRUT — Lebanon’s banks, which once powered the economy by sucking in billions of dollars of deposits from abroad, are shedding staff, watching loan books shrink and chasing liquidity to stay...
David BARBUSCIA, 17 June 2021
Protesters have blocked the coastal highway in Khaldeh in both directions, the Traffic Management Center reports
17 June 2021
Fuel prices were increased today, a gas station owners’ syndicate spokesman said. The price of 20 liters of 95-octane gas rose by LL1,700 to LL43,500; 98-octane rose by LL1,800 to LL44,800; and diesel rose by LL1,700 to LL31,700. A tank of household gas costs LL26,600, up LL1,400
17 June 2021
Army aid conference, labor unions strike again, BDL slows lira printing: Everything you need to know today
Want to get the Morning Brief by email? Click here to sign up. Donor countries will convene today to raise urgently needed support to meet the Lebanese Army’s basic needs. Co-hosted by...
