12 Mar 2020
BEIRUT Lebanon's plan to tackle a financial and economic crisis will meet IMF recommendations and will be ready in weeks, the finance minister said on Thursday, adding that any recourse to an IMF programme must be politically agreed and its terms should not cause suffering.
12 Mar 2020
BEIRUT, March 12 Lebanon's plan to tackle a
financial and economic crisis will meet IMF recommendations and
will be ready in weeks, the finance minister said, adding that
any recourse to an IMF programme must be politically agreed and
its terms should not cause suffering.
12 Mar 2020
BEIRUT After importing medical supplies to Lebanon for 20 years, Hassan Hamdan shut his business in December. Sales were plummeting, clients couldn't pay, and the dollars he needed to buy imports had dried up. Now he drives an Uber.
11 Mar 2020
BEIRUT Outside a bank in Lebanon's capital, dozens of people line up every morning long before the doors open, hoping to extricate whatever little cash the limits allow this week.
09 Mar 2020
BEIRUT Lebanon is waiting for bondholders to decide whether they will cooperate in a debt restructuring or take the country to court after its move to suspend a $1.2 billion bond repayment due on Monday, the economy minister told Reuters.
09 Mar 2020
BEIRUT Lebanon is waiting for bondholders to decide whether they will cooperate in a debt restructuring or pursue legal action against the country following its move to suspend a foreign currency debt repayment, the economy minister said on Monday.
08 Mar 2020
BEIRUT Lebanon announced it cannot meet its debt payments and halted a March 9 bond payment of $1.2 billion on Saturday, setting the heavily indebted state on course for a sovereign default as it grapples with a major financial crisis.
07 Mar 2020
* As financial crisis deepens, Lebanon set for sovereign
default
06 Mar 2020
BEIRUT Lebanon's state prosecutor suspended an order on Thursday to freeze the assets of 20 local banks, warning it would plunge the country and its financial sector into chaos, according to a copy of the decision seen by Reuters.
02 Mar 2020
ISTANBUL/BEIRUT Turkey shot down two Syrian warplanes over Idlib on Sunday and struck a military airport well beyond its frontlines in a sharp escalation of its military operations following the death of dozens of Turkish soldiers last week. | Video