Lebanon economy

Coronavirus delivers tough blow to Lebanon’s dying economy
Middle East

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

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

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

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

‘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

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

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

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

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

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…
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