Lebanon

Hezbollah backs Lebanon government’s decision not to repay $1bn in foreign currency debt

Mar 08, 2020 16:02

The Lebanese resistance movement Hezbollah has expressed its support for the government’s decision not to pay looming Eurobond maturities due on Monday, emphasizing that the measure secures liquidity and prevents bankruptcy in the heavily indebted state.
Lebanon's PM says govt. cannot meet debt maturities, suspends March payment

Mar 08, 2020 03:53

Lebanon says it cannot pay looming Eurobond maturities due next week, setting the heavily indebted state on course for the first sovereign default in its history as the Mediterranean country is hit by a severe liquidity crunch and months of anti-government protests.
Lebanon lodges UN Security Council complaint over Israeli violations

Mar 07, 2020 04:36

Lebanon has condemned incessant Israeli violations of its airspace, and filed a complaint at the UN Security Council over serious and numerous breaches of the Lebanese sovereignty and UNSC Resolution 1701.
Iran's accusers cause instability, insecurity in region: Foreign Ministry

Mar 05, 2020 15:45

The spokesman for Iran's Foreign Ministry has slammed a recent statement issued by the so-called Arab Quartet Committee against Tehran, noting that those countries are themselves the main reason behind spread of insecurity, instability, and terrorism in the region.
Lebanon to ask for week-long grace period for March 9 bond: Source

Feb 27, 2020 09:16

Lebanon reportedly plans to ask for a week-long grace period for a 1.2-billion-dollar Eurobond that is due on March 9, in an attempt to give financial advisors more time to come up with a restructuring plan.
IMF team arrives in Lebanon to give financial advice to govt.

Feb 20, 2020 10:47

A team of experts from the International Monetary Fund (IMF) has traveled to Lebanon to provide the debt-ridden country with advice on how to alleviate a deepening economic crisis.
Iranian speaker meets Lebanese counterpart, president in Beirut

Feb 17, 2020 13:05

Iranian Parliament (Majlis) Speaker Ali Larijani on Monday met separately with his Lebanese counterpart, Nabih Berri, and President Michel Aoun in the Arab country’s capital, Beirut.
Nasrallah: Trump’s 'deal of century' meant to liquidate Palestinian cause

Feb 16, 2020 16:33

US President Donald Trump's so-called deal of the century is meant to liquidate the Palestinian cause, says the secretary general of Lebanon's resistance movement Hezbollah.
US crossed ‘all red lines’ by assassinating Lt. Gen. Qassem Soleimani, Nasrallah says

Feb 14, 2020 02:44

The secretary general of the Lebanese Islamic resistance movement Hezbollah says Washington “passed red lines” with its assassination of Lieutenant General Qassem Soleimani, the late Commander of the Quds Force of Iran’s Islamic Revolution Guards Corps (IRGC) and his companions in Iraq last month, emphasizing that the incident changed all regional equations.
Lebanon’s new government secures confidence vote in parliament

Feb 12, 2020 05:35

The Lebanese parliament has thrown its support behind the new cabinet led by Prime Minister Hassan Diab in a vote of confidence held amid ongoing protests over the country’s economic crisis.