Lebanon economy
Coronavirus delivers tough blow to Lebanon’s dying economy
Middle East
March 26, 2020
Coronavirus delivers tough blow to Lebanon’s dying economy
BEIRUT (AP) — Through 15 years of civil war and various bouts of violence since, Lebanon’s Barbar eatery never closed…
Lebanon to stop paying back all debt in foreign currencies
Middle East
March 24, 2020
Lebanon to stop paying back all debt in foreign currencies
BEIRUT (AP) — Lebanon will stop paying all maturing Eurobonds in foreign currencies amid a crippling economic and financial crisis…
Starved of dollars and drowning in debt, Lebanon’s economy sinks fast
Middle East
March 12, 2020
Starved of dollars and drowning in debt, Lebanon’s economy sinks fast
BEIRUT (Reuters) — After importing medical supplies to Lebanon for 20 years, Hassan Hamdan shut his business in December. Sales…
Exclusive: Lebanon waiting to hear if creditors will cooperate or sue: minister
Middle East
March 9, 2020
Exclusive: Lebanon waiting to hear if creditors will cooperate or sue: minister
BEIRUT (Reuters) – Lebanon is waiting for bondholders to decide whether they will cooperate in a debt restructuring or pursue…
‘Now we have corona’: Cash-strapped Lebanon navigates new crisis
Middle East
March 5, 2020
‘Now we have corona’: Cash-strapped Lebanon navigates new crisis
BEIRUT (Reuters) – Lebanon’s crippling financial crisis could pose a grave threat to managing a coronavirus outbreak that has so…
IMF deal seen as only way out for Lebanon
Middle East
March 4, 2020
IMF deal seen as only way out for Lebanon
BEIRUT (Reuters) — The Lebanese government must swallow its misgivings and reach a rescue deal with the International Monetary Fund…
IMF experts meet Lebanese PM at start of visit
Middle East
February 20, 2020
IMF experts meet Lebanese PM at start of visit
BEIRUT (Reuters) – A team of IMF experts met Prime Minister Hassan Diab on Thursday at the start of a…
Lebanon finances point to debt restructuring: Fitch Ratings
Middle East
February 19, 2020
Lebanon finances point to debt restructuring: Fitch Ratings
BEIRUT (AP) — Lebanon’s financial situation points to a likely restructuring of the country’s massive debt and financial sector to…
Snubbed by Gulf, Lebanon’s PM Diab hosts Iranian official
Middle East
February 18, 2020
Snubbed by Gulf, Lebanon’s PM Diab hosts Iranian official
BEIRUT (Reuters) – Lebanese Prime Minister Hassan Diab, who is getting the cold shoulder from Gulf Arab states, on Monday…
Lebanon weighs defaulting or paying Eurobond next month
Middle East
February 13, 2020
Lebanon weighs defaulting or paying Eurobond next month
BEIRUT (AP) — Lebanon’s finance minister said Thursday the country’s new government is weighing whether to pay or default on…