Lebanon
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IMF warns lack of Lebanon reforms jeopardizes stability

Without reforms, Lebanon will continue to see triple-digit inflation, and public debt in the small, crisis-ridden country could reach nearly 550% of GDP by 2027, the International Monetary Fund warned in a report.

The report came as a follow-up to a nine-day visit by IMF officials in March.

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Foreign Ministry denounces 'provocative' Koran burning in Sweden

The Foreign Ministry condemned Thursday as "violent" and "provocative" the burning of a copy of the Koran by an Iraqi living in Sweden during a protest authorized by the police.

Under a heavy police presence, Salwan Momika, a 37-year-old who fled to Sweden several years ago, on Wednesday stomped on the Koran before setting several pages alight in front of Stockholm's largest mosque.

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Israel seizes cryptocurrency said to be used to finance Hezbollah and Iran's Guards

The Israeli government said that it seized millions of dollars in cryptocurrency from accounts that had sent or received funds in alleged financing schemes for a powerful arm of the Iranian military and the Iran-backed Hezbollah group in Lebanon.

Israeli Defense Minister Yoav Gallant said he issued an order to seize the cryptocurrency wallets and turn over the funds to the Israeli government.

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Finance Ministry denies 'hiding' A&M report on BDL audit

The Finance Ministry on Tuesday denied accusations that it has “hidden” a report submitted by the Alvarez & Marsal international auditing firm.

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Sharafeddine optimistic on repatriation of Syrian refugees

Caretaker Minister of the Displaced Issam Sharafeddine has expressed optimism on the possibility of launching practical steps for the repatriation of Syrian refugees to their country, following a visit that he made to Damascus in the weekend at the request of caretaker PM Najib Mikati.

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ISF foils attempts to smuggle captagon to Gulf via Kinshasa

The Internal Security Forces on Tuesday announced thwarting an attempt to smuggle around 450,000 captagon pills from Beirut’s port to Kinshasa, the capital of the Democratic Republic of Congo.

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FPM denies Bassil requested to meet Nasrallah, Assad

The Free Patriotic Movement on Tuesday denied that its chief Jebran Bassil has requested meetings with Hezbollah leader Sayyed Hassan Nasrallah and Syrian President Bashar al-Assad.

“Some media outlets are continuing to publish totally baseless reports aimed at distorting the image of the FPM and its chief Jebran Bassil, including what a newspaper mentioned about the FPM leader requesting a meeting that was rejected by Hezbollah leader Sayyed Hassan Nasrallah and Syrian President Bashar al-Assad,” the FPM said in a statement.

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Report: Le Drian to meet Azour in Paris

French special envoy Jean-Yves Le Drian will meet with presidential candidate Jihad Azour in Paris in the coming days, a local media report said.

Le Drian had arrived last week in Beirut to end a political impasse that has left the country without a president for more than seven months. He met with officials, party heads and other politicians.

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Hezbollah says Israeli drone had travelled around 7 km into Lebanon

Israel's military spokesman Avichay Adraee has said in a tweet that a drone crashed in Lebanon when an Israeli force was performing routine activities.

The spokesman added in Arabic that there were no concerns of information being leaked.

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U.S. Embassy celebrates Fair Trade Lebanon’s BIEEL project success

U.S. Embassy Deputy Chief of Mission Richard Michaels has celebrated the successful implementation of the “Business Innovation and Enhance Exports in Lebanon (BIEEL)” at a closing event in the presence of Fair Trade Lebanon President Sami Abdel Malak, Director General of the Ministry of Agriculture, Louis Lahoud representatives from the industrialist association, chambers of commerce and the U.S.-Middle East Partnership Initiative (MEPI) team, MEPI Coordinator David Lewis and MEPI Program Manager Maya Barhouche, SMEs and local enterprises.

"MEPI, through the $2.5 million BIEEL project implemented by Fair Trade Lebanon, helped 100 Lebanese small and medium enterprises (SMEs) and cooperatives produce and promote Fair Trade Certified products, and provide access to international export markets," the U.S. Embassy in Beirut said in a statement.

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