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Laila Bassam

Lebanese IT specialist Zakka released by Iran

Jun 11 2019

BEIRUT A Lebanese businessman detained in Tehran for more than four years on charges of collaborating against Iran arrived in Beirut on Tuesday after his government secured his release.

Lebanon central bank workers strike, PM demands budgetary 'realism'

May 06 2019

BEIRUT Lebanese central bank employees went on strike on Monday over state budget proposals that would cut their benefits but Prime Minister Saad al-Hariri said failure to pass a "realistic" budget would be like a "suicide operation" against the economy.

UPDATE 1-Lebanese banks should play role in reducing deficit -finance minister

Apr 18 2019

* Finance minister signals moves to cut public-sector wage bill

Exclusive: Lebanese draft budget reduces deficit to below 9 percent of GDP - finance minister

Apr 17 2019

BEIRUT Lebanon's draft budget for 2019 projects a deficit of less than 9 percent of GDP compared to 11.2 percent in 2018 and includes "wide reductions" in spending based on the need for "exceptional austerity measures", the finance minister said on Wednesday.

Exclusive: Heavily indebted Lebanon promises quick reforms - draft policy statement

Feb 06 2019

BEIRUT Lebanon is committed to launching fast and effective reforms that could be "difficult and painful" to avoid a worsening of economic, financial and social conditions, according to a draft government policy statement seen by Reuters on Wednesday.

Building on Syria war gains, Hezbollah scores political win

Feb 01 2019

BEIRUT Hezbollah's bigger role in Lebanon's new unity government points to a growing appetite to shape state affairs and builds on unprecedented military clout the group is wielding after helping turn the tide in Syria's war.

Lebanon agrees new government, PM vows bold reforms

Jan 31 2019

BEIRUT Lebanon formed a new national unity government on Thursday, ending nine months of wrangling, and Prime Minister Saad al-Hariri said bold moves were needed without delay to address chronic problems facing the heavily indebted state.

Hezbollah could 'for years' enter Israel, group's leader says after tunnels found

Jan 26 2019

BEIRUT Iran-backed Hezbollah has "for years" been able to enter Israel, the Lebanese group's leader said on Saturday, responding for the first time to Israel's discovery of tunnels dug into Israeli territory from Lebanon.

Lebanon preparing public debt reform plan, assures on Eurobonds: finance minister

Jan 10 2019

BEIRUT Lebanon is studying ways to manage its public debt and its structure as part of plans for public finance reform, the finance minister told Reuters on Thursday, after he was cited saying the plan included restructuring of public debt.

Health ministry pick to widen Hezbollah role in Lebanese state

Dec 20 2018

BEIRUT Hezbollah's role in the Lebanese government stands to widen when it names the new health minister though it will not be putting a party member in the job, sources say, as the United States extends sanctions against the Shi'ite Muslim movement.

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