Wild, Wild East

Lebanese banks will remain closed “indefinitely” following a string of heists and robberies by angry bank customers trying to access their blocked savings, the Financial Times reported. The country’s banking association said Thursday that the financial institutions would stay shut “in the absence of assurances” from...

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The Fugitive

Staff at Lebanon’s central bank began a three-day strike Wednesday as authorities conducted a raid on the institution in a divisive investigation against the bank’s embattled governor Riad Salameh, the National reported. On Tuesday, Judge Ghada Aoun and security forces entered the Banque du Liban searching...

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A Soft Message

Lebanon’s militant Hezbollah group and its allies appeared to have suffered significant losses in Sunday’s parliamentary elections, a vote that comes as a severe economic crisis has plunged the majority of the population into poverty, the Associated Press reported Monday. Preliminary returns showed that rivals of...

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Shattered

Lebanese expatriates took to the polls recently before parliamentary elections in their homeland on May 15. Their role in the ballot is important because of the enormous size of the diaspora due to the economic crisis. According to the National news outlet, the number of voters...

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Day of Reckoning

A Lebanese judge charged the country’s central bank chief with “illicit enrichment” and money laundering even as Lebanon undergoes a deep financial crisis, Agence France-Presse reported Monday. Judge Ghada Aoun had been investigating Riad Salameh for alleged financial misconduct and ownership of apartments in Paris. She...

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