Session to elect president fails for 11th time as Lebanese pound plummets

As a result of a lack of consensus, an absence of quorum, and mounting external pressure, Lebanon has continuously failed to elect a successor to Michel Aoun

Strong dollar pushes Lebanese pound to record high on black market

Since 2019, Lebanon has been experiencing the worst economic collapse in modern history, as a result of rampant corruption within the state and among the financial elite

Israeli jets pound Syria from northern Lebanon

At least two Syrian servicemen were killed and three others injured during the Israeli airstrikes on Shayrat airbase

Lebanese president boycotts budget and delays new exchange rate

A dollar currently fetches around 38,000 Lira on the black market

Lebanese banks close ‘indefinitely’ for second time in a month

Depositors have staged over a dozen bank heists in the past several weeks after being locked out of their life savings for the past three years

‘It won’t happen overnight’: Lebanese PM on new official exchange rate

Lebanese authorities are looking to close the gap between the 'official' exchange rate and the widely used black market rate in order to receive an IMF loan

Lebanese security forces conduct fruitless raid on home of central bank governor

Riad Salameh has continuously evaded arrest and subpoena warrants for his role in the 2019 financial collapse

‘Lebanese health sector is dying’: Health Minister

Lebanon’s Minister of Health also expressed his support for a strike by healthcare workers, who are demanding the payment of their wages

Lebanese currency hits all-time low as healthcare workers, bakers strike

Since 2019, Lebanon has been experiencing the world's worst economic crisis in 150 years, according to the World Bank

Lebanese Deputy PM says country is bankrupt

The monetary losses will allegedly be distributed between the central bank, depositors, and other banks

Lebanese politicians remain divided as economic crisis spirals out of control

Plan to reconvene Lebanese cabinet on 20 December has failed due to infighting among politicians

Lebanese Central Bank announces measures to prevent further currency devaluation

The Central Bank set a new lira withdrawal rate, in addition to further measures, promoted as a means to alleviate Lebanon's economic crisis

Lebanese currency plunges in value to historic low

Since 2019 the Lebanese Lira has lost over 90% of its value amidst an ever-worsening economic and political crisis

Lebanese PM-designate Saad Hariri steps down after failing to form government

Lebanon’s central bank chief will not renew term under shadow of embezzlement probe

In January, Riad Salameh had demanded ‘guarantees’ that he not be arrested following the European judicial probe

Lebanon loses voting rights at UN General Assembly

This marks the second time Lebanon loses its voting rights since the start of the ongoing crisis in October 2019

Lebanon fails to elect president for third time

The Speaker of Parliament Nabih Berri has called for another session to avoid a political deadlock before the term of President Michel Aoun ends on 31 October

Lebanon to slash official exchange rate

In addition to official and parallel market exchange rates, people have struggled with unfavorable rates for the withdrawal of Lebanese pounds

IMF delegation headed for Lebanon to ‘speed up’ reforms

The delivery of the IMF loan has been held up for months as a result of US pressure and a refusal from banks to answer for their role in the economic collapse

Lebanon Parliament Speaker calls for urgent implementation of IMF reform plan

The Lebanese parliament speaker has said he will not call for a parliamentary session to elect a new president until IMF reform policies are passed

Lebanon could soon face ‘political disaster and social collapse’: Security chief

The official said that the lack of a majority alliance in parliament could sink Lebanon into further chaos

Son of Lebanon’s central bank governor moved millions of dollars abroad, despite restrictions

In 2019, a financial crisis led Lebanese banks to block the withdrawals or transfer in US dollars by Lebanese depositors

Lebanon unemployment rate triples: Survey

A UN agency said the informal economy accounted for around 30 percent of employment

Lebanon IMF deal could derail due to deadlock with banks

Banks have said that the state should privatize public assets to foot the bill for the losses

Lebanon reaches agreement on reform plan with IMF

The reforms include a complete restructuring of the banking sector and the stabilization of currency exchange rates

Lebanon approves $18 million towards parliamentary elections

The elections will be Lebanon's first since the outbreak of demonstrations against the backdrop of economic meltdown in 2019

Stealing Lebanon’s elections: the Saudi plan to seize the state

Saudi Arabia is banking on sectarian strife and street violence to usher in its new alliance to an electoral victory in Lebanon's March 2022 elections

Judges protecting judges: why the Beirut blast investigation is a dud

Lead investigative Judge Tarek Bitar refuses to prosecute his judiciary colleagues who signed to unload, store, then ignore the ammonium nitrates that devastated Beirut last August.

Lebanon lifts fuel subsidies as energy crisis deepens

Move comes as nation suffers from rolling blackouts and severe fuel shortages

Unrest deepens in Lebanon following PM’s resignation