Asia Lebanon The Lebanese lira is going through a record crisis, with the US dollar exchanged at 100.000 lira; over the course of three years, it has lost more than 98% of its value in the context of the failure of the Lebanese banking system
Asia Lebanon Lebanon plans to use Egypt’s military expertise to dismantle and disarm Palestinian militant factions within its borders, President Aoun said in a visit to Cairo: restore internal security and fully control weapons are key priority for his administration
Asia Lebanon Lebanon is now open for entry to the citizens of the United Arab Emirates that will lift a travel ban imposed during a diplomatic row in 2021; both countries made the announcement in a joint statement
Asia Lebanon "Nobody will lose their deposits but it may take time" Economy Minister Amer Bisat declared to Bloomberg, adding that parliament is expected to pass a draft law on restructuring Lebanon's banking sector within few weeks
Asia Lebanon A draft law on restructuring Lebanese banking sector was adopted, a condition for unlocking international aid to face the economic crisis it has suffered since 2019; it is considered the first time a Lebanese government has approved a bill of this kind