Dec 4 Lebanon's central bank said on Tuesday the
government would start issuing local currency debt at market
rates to encourage banks to buy the debt, rather than putting
their money in the central bank for more attractive rates.
JABER, Jordan/BEIRUT The border crossing between Jordan and Syria opened to people and goods on Monday after being closed for three years, reopening a route that used to carry billions of dollars of trade for countries across the region.
BEIRUT, Oct 12 Dark apartment windows vastly
outnumber the lit in the quiet night streets of Beirut's
waterfront and central districts, a reminder of Lebanon's long
economic and real estate slump.
BEIRUT Lured by Lebanon's winemaking potential and nostalgia for his homeland, Maher Harb left a Paris consultancy job in 2010 and dug vines into the soil of family land unused since the country's civil war.
BEIRUT/LONDON Lebanon's worst bond market shock in a decade has raised doubts about whether the country's banks are willing and able to continue to bankroll the government, raising pressure on Beirut to step up reforms or risk a destabilizing currency crisis.
ISTANBUL/BEIRUT Turkey has said it is working with Russia and Iran to stabilize Syria's rebel-held Idlib region, indicating continued efforts to avoid a Syrian government offensive in the area, where Ankara failed to secure a ceasefire last week.
BEIRUT/JERUSALEM Israeli planes targeted military positions in Syria on Tuesday, but Syrian air defenses confronted and downed some of the rockets, Syrian state news agency SANA reported.
BEIRUT For Mazen Rahhal, a shopowner in a bustling district of Beirut, Lebanon's economy has seldom felt more precarious. In one store, he sells clothes at a fraction of their previous price. Another, which he rented to a rival business, now lies empty. | Video
BEIRUT Lebanese banks are pulling out the stops to bring in dollars as the country strives to preserve a two-decade old currency peg, offering high returns to customers willing to change their hard currency into long-term Lebanese pound deposits.
BEIRUT Dozens of air strikes and shelling hit parts of the last swathe of Syrian territory still held by rebels on Friday, according to rebels, rescue workers and a war monitoring group, in a possible prelude to a full-scale government offensive. | Video