Hariri Sets Three Conditions to Remain in his Post

Lebanese Prime Minister Saad Hariri, center, and Cyprus President Nicos Anastasiades in Nicosia, Cyprus, Oct. 28, 2017. (AP)
Lebanese Prime Minister Saad Hariri, center, and Cyprus President Nicos Anastasiades in Nicosia, Cyprus, Oct. 28, 2017. (AP)
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Hariri Sets Three Conditions to Remain in his Post

Lebanese Prime Minister Saad Hariri, center, and Cyprus President Nicos Anastasiades in Nicosia, Cyprus, Oct. 28, 2017. (AP)
Lebanese Prime Minister Saad Hariri, center, and Cyprus President Nicos Anastasiades in Nicosia, Cyprus, Oct. 28, 2017. (AP)

Lebanese political parties welcomed the decision of Prime Minister Saad Hariri to suspend his resignation to allow for a round of dialogue and consultations, which President Michel Aoun is expected to launch in the coming days.
 
Hezbollah, for its part, said it was ready to hold dialogue, provided that the issue of the resistance arms be kept out of the negotiations agenda.
 
In parallel, Cyprus announced its willingness to help Lebanon defuse a possible crisis after Hariri made an unexpected visit to the island on Tuesday night.
 
Hariri met with Cypriot President Nicos Anastasiades at Larnaca airport for about 45 minutes on Tuesday on his way back to Lebanon.
 
“Our common goal is to achieve stability in Lebanon and our region,” said Cypriot Government Spokesman Nikos Christodoulides.
 
“In this context ... the President of the Republic will put forward some initiatives specifically to support this objective: the stability of Lebanon,” he added.
 
Back to Beirut, sources told Asharq Al-Awsat that Hariri has set three conditions for relinquishing his decision to withdraw from the government, including the respect for the Taif Accord, the adoption of the policy of dissociation with regards to regional conflicts and the need to avoid harming Arab States.
 
Both Aoun and Hariri’s sources expressed their optimism that a positive outcome could be achieved and that the views of all parties would be brought closer, calling for an opportunity for consultation.
 
In comments to Asharq Al-Awsat, sources close to Aoun said: “After reviewing the reasons for [Hariri’s] resignation, Aoun is clearly aware of all the circumstances and will start consultations immediately to determine the mechanism to address the issue.”
 
As for information that indicated Aoun’s intention to call for a round of national dialogue, the sources said: “There is no clear picture so far of the form of consultations; it may be individual, bilateral or even collective. But the goal remains one.”
 
On the other hand, Hariri’s sources confirmed that the government would resume its work, stressing at the same time that the premier has decided to suspend his resignation from the government temporarily, after he received reassurances from Aoun about discussing his demands.
 
“In parallel with the political consultations that will be conducted by the President of the Republic, the Cabinet will continue to hold its meetings normally, and may set a date for a session soon,” the sources said.
 
Sources informed of Hezbollah’s position said that the party was satisfied with Hariri’s decision and was ready to engage in dialogue to dissociate Lebanon from political conflicts, provided that the resistance arms “remain outside this equation and are only linked to the defense strategy.”



Lebanon Bans Dealing with Hezbollah Financial Entity

A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo
A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo
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Lebanon Bans Dealing with Hezbollah Financial Entity

A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo
A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo

Lebanon's central bank has banned banks and brokerages from dealing with a Hezbollah-affiliated financial institution, according to a circular, a sign of the group's diminished sway over state affairs since its devastating war with Israel.

Keeping up military pressure on the Iran-backed group, Israel on Tuesday launched some of its heaviest airstrikes since a ceasefire in November, saying it hit training camps and weapons depots in east Lebanon. A security source in Lebanon said 12 people were killed, five of them Hezbollah fighters, Reuters reported.

Hezbollah has faced mounting pressures since the war, including financial ones.

In the circular, dated July 14 and reviewed by Reuters, Banque du Liban prohibited all licensed financial institutions in Lebanon from dealing directly or indirectly with unlicensed entities and listed Hezbollah's Al-Qard Al-Hassan as an example.

The US Department of Treasury imposed sanctions on Al-Qard Al-Hassan in 2007, saying Hezbollah used it as a cover to manage "financial activities and gain access to the international financial system".

Bolstered by its powerful arsenal, Hezbollah had long exercised decisive influence over Lebanese state affairs, but it was unable to impose its will in the formation of a post-war government in February.

Al-Qard Al-Hassan, founded in 1983, describes itself as a charitable organisation which provides loans to people according to Islamic principles that forbid interest. Israel struck some of its branches during its war with Hezbollah last year.

Operating as a not-for-profit organisation under a licence granted by the Lebanese government, it has more than 30 branches, mostly in southern Lebanon and the Bekaa Valley.

SHADOW ECONOMY

A Lebanese official said the central bank move had been in the works for months, and reflected US pressure on Lebanon to take action against Hezbollah's financial wing.

Nassib Ghobril, chief economist at Byblos Bank, said Lebanese banks were already careful to avoid dealing with Al-Qard Al-Hassan because it is under US sanctions.

"The important point is that finally the authorities are addressing the shadow economy in Lebanon, which is the real problem," he said, adding that authorities had long failed to address its "toxic effects".

In June, the European Commission included Lebanon in an updated list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism.

Last year, global financial crime watchdog FATF placed Lebanon on its "grey list" of countries under special scrutiny.