Lebanon MPs Pass Second Attempt at New Banking Secrecy Law

13 October 2022, Lebanon, Beirut: Lebanese lawmakers attend a parliament session to elect a new president. Lebanon's parliament Speaker Nabih Berri postponed the session to 20 October after deputies failed for the second time to elect a new head of state. (Lebanese Parliament/dpa)
13 October 2022, Lebanon, Beirut: Lebanese lawmakers attend a parliament session to elect a new president. Lebanon's parliament Speaker Nabih Berri postponed the session to 20 October after deputies failed for the second time to elect a new head of state. (Lebanese Parliament/dpa)
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Lebanon MPs Pass Second Attempt at New Banking Secrecy Law

13 October 2022, Lebanon, Beirut: Lebanese lawmakers attend a parliament session to elect a new president. Lebanon's parliament Speaker Nabih Berri postponed the session to 20 October after deputies failed for the second time to elect a new head of state. (Lebanese Parliament/dpa)
13 October 2022, Lebanon, Beirut: Lebanese lawmakers attend a parliament session to elect a new president. Lebanon's parliament Speaker Nabih Berri postponed the session to 20 October after deputies failed for the second time to elect a new head of state. (Lebanese Parliament/dpa)

Lebanon's parliament on Thursday passed another round of amendments to a banking secrecy law after the International Monetary Fund said a previous draft retained key deficiencies.

The IMF has laid out a list of reforms, including amending its banking secrecy law, that Lebanon must implement before it can gain access to $3 billion to relieve its economic crisis, one of the worst in modern history.

Parliament passed an amended banking secrecy law in late July but the IMF recommended a slew of changes and Lebanese President Michel Aoun sent it back to parliament to make them.

On Thursday, lawmakers passed the latest draft amid significant criticism from independent MPs and outside observers that it still failed to implement the IMF's recommended changes.

The latest draft still does not lift banking secrecy as a whole. The older draft allowed only some government bodies to lift it in the case of criminal investigations, while the new draft allows additional government institutions to ask for general information on a body of transactions.

Karim Daher, a lawyer and the head of the Beirut Bar Association's Commission for Depositors, said the new draft would not provide the transparency needed.

"The whole point is to make sure that transfers between the bank owners and the political class cannot be traced. They are fleeing accountability at all costs," Daher told Reuters.

Mark Daou, a first-time parliamentarian, said he attended the finance committee's session on the new draft before the general assembly.

"Several members of parliament made comments on this draft and how it shouldn't be passed in this way. Suddenly, we find that it's on the agenda for the general assembly to be voted on," he said.

The law still needs to be signed into law by Aoun, whose term ends on Oct. 31.

The IMF did not immediately respond to a request for comment.

It has in recent weeks lamented Lebanon's "slow progress" on the list of reforms laid out in the staff-level agreement.

Vested interests by the private sector and politicians have systematically blocked crucial reforms included in a financial recovery plan from being implemented.



Maliki Can Withdraw as Candidacy as Iraq PM the Easy or Hard Way

Members of the Coordination Framework hold a meeting. (Iraqi News Agency)
Members of the Coordination Framework hold a meeting. (Iraqi News Agency)
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Maliki Can Withdraw as Candidacy as Iraq PM the Easy or Hard Way

Members of the Coordination Framework hold a meeting. (Iraqi News Agency)
Members of the Coordination Framework hold a meeting. (Iraqi News Agency)

Iraqi Former Prime Minister Nouri al-Maliki declined at the last minute to attend a meeting of the pro-Iran Coordination Framework on Monday night that was aimed at settling the crisis over his nomination as prime minister.

Instead of declaring that he was pulling out as candidate, as had been expected, Maliki informed his close circle that he is “following through with his nomination to the end,” trusted sources told Asharq Al-Awsat.

Iraq has come under intense pressure from the US to withdraw the nomination. In January, President Donald Trump warned Baghdad against picking Maliki as its PM, saying the United States would no longer help the country.

“Last time Maliki was in power, the Country descended into poverty and total chaos. That should not be allowed to happen again. Because of his insane policies and ideologies, if elected, the United States of America will no longer help Iraq,” Trump wrote on Truth Social.

Maliki also dismissed as “extortion and intimidation” talks of renewed US sanctions on Iraq, added the sources.

However, circles within the Coordination Framework have started to “despair” with the impasse over naming a new prime minister and are weighing the possibility of taking “difficult” choices, they revealed. Maliki has become a prisoner of his own nomination.

The Sunni Progress Party (Takadum) had voiced its reservations over Maliki’s nomination before Trump made his position clear and which has since weighed heavily on Iraq.

‘Indefinitely’

Maliki’s decision to skip the Framework’s meeting on Monday forced the coalition to postpone it “indefinitely”, exposing more differences inside the alliance that have been festering for months. The dispute over the post of prime minister is threatening to evolve into one that threatens the unity of the coalition itself.

Several sources told Asharq Al-Awsat that Maliki had sent the Framework a written message on Monday night informing them that he will not attend the meeting because “he was aware that discussions will seek to pressure him to withdraw his candidacy.”

Maliki was the one to call for the meeting to convene in the first place, they revealed.

Reports have been rife in Iraq that Shiite, Sunni and Kurdish political leaderships have all received warnings that the US would take measure against Iraq if Maliki continued to insist on his nomination.

Former Foreign Minister Hoshyar Zebari told Dijlah TV that “Shiite parties” had received two new American messages reiterating the rejection of Maliki’s nomination.

Necessary choice

Maliki and the Framework are now at an impasse, with the latter hoping the former PM would take it upon himself to withdraw his candidacy in what a leading Shiite figure said would help protect the unity of the coalition.

Leading members of the coalition were hoping to give Maliki enough time to decide himself to withdraw, but as time stretches on, the coalition may take matters into its own hands and take “necessary” choices, said the figure.

Other sources revealed, however, that Maliki refuses to voluntarily withdraw from the race believing that this is a responsibility that should be shouldered by the Framework. This has effectively left the alliance with complex and limited choices to end the crisis.

Sources close to Maliki said he has made light of US threats to impose sanctions, saying that if they were to happen, Iraq will emerge on the other side stronger, citing other countries that came out stronger after enduring years of pressure.

Moreover, he is banking on an American change in position, saying mediators have volunteered to “polish his image before Trump and his team.” Members of Maliki’s State of Law coalition declined to comment on this information.

Sources inside the Framework said the coalition may “ultimately withdraw Maliki’s nomination if he becomes too much of a burden on an already weary alliance.”

Doing so may cost them a strong ally in Maliki and force the Framework to yield to Washington’s will, said the Shiite figure. “Maliki may come off as stubborn and strong, but he is wasting his realistic options at this critical political juncture,” it added.

The Framework is divided between a team that is banking on waiting to see how the US-Iran tensions will play out to resolve the crisis and on Maliki voluntarily withdrawing his nomination. The other team is calling for the coalition to resolve the crisis through an internal vote.

Leading Shiite figures told Asharq Al-Awsat that opponents of Maliki’s nomination in the coalition have no choice but to apply internal pressure inside the Framework, which is on the verge of collapse.


Australia Bars Citizen Held in Syria’s Roj Camp from Returning Home

Members of Australian families believed to be linked to ISIS leave Roj camp near Derik, Syria February 16, 2026. REUTERS/Orhan Qereman
Members of Australian families believed to be linked to ISIS leave Roj camp near Derik, Syria February 16, 2026. REUTERS/Orhan Qereman
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Australia Bars Citizen Held in Syria’s Roj Camp from Returning Home

Members of Australian families believed to be linked to ISIS leave Roj camp near Derik, Syria February 16, 2026. REUTERS/Orhan Qereman
Members of Australian families believed to be linked to ISIS leave Roj camp near Derik, Syria February 16, 2026. REUTERS/Orhan Qereman

Australia has barred one of its citizens from returning home from a Syrian detention camp because of security concerns, the government said Wednesday.

The unidentified person is among a group of 34 Australian women and children at the Roj camp related to suspected members of ISIS.

"I can confirm that one individual in this cohort has been issued a temporary exclusion order, which was made on advice from security agencies," Home Affairs Minister Tony Burke said in a statement sent to AFP.

"At this stage security agencies have not provided advice that other members of the cohort meet the required legal thresholds for temporary exclusion orders."

The minister can make temporary exclusion orders lasting up to two years to prevent terrorist activities or politically motivated violence.

The Australians were released from the camp on Monday but failed to reach the capital Damascus on their way home, a Kurdish official told AFP in Syria.

The official said they were turned back to the detention camp, citing "poor coordination" with the Syrian authorities.

Prime Minister Anthony Albanese underscored his government's refusal to help repatriate the women and children.

"You make your bed, you lie in it," he said, accusing the group of aligning with an ideology that seeks to "undermine and destroy our way of life".

"We are doing nothing to repatriate or to assist these people," he told reporters Wednesday.

"I think it's unfortunate that children are caught up in this. That's not their decision but it's the decision of their parents or their mother."

The humanitarian organization Save the Children Australia filed a lawsuit in 2023 on behalf of 11 women and 20 children in Syria, seeking their repatriation.

But the Federal Court ruled against Save the Children, saying the Australian government did not control their detention in Syria.


Saudi Intervention Ends Socotra Power Crisis

Socotra power generators restarted after Saudi intervention (X)
Socotra power generators restarted after Saudi intervention (X)
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Saudi Intervention Ends Socotra Power Crisis

Socotra power generators restarted after Saudi intervention (X)
Socotra power generators restarted after Saudi intervention (X)

Electricity has returned to Yemen’s Socotra archipelago after urgent Saudi intervention ended days of outages that disrupted daily life and crippled vital institutions, including the general hospital, the university and the technical institute.

The breakthrough followed a sudden shutdown of the power plants after the operating company withdrew and disabled control systems, triggering widespread blackouts and deepening hardship for residents.

The Saudi Program for the Development and Reconstruction of Yemen said its engineering and technical teams moved immediately after receiving an appeal from local authorities. Specialists were dispatched to reactivate operating systems that had been encrypted before the company left the island.

Generators were brought back online in stages, restoring electricity across most of the governorate within a short time.

The restart eased intense pressure on the grid, which had faced rising demand in recent weeks after a complete halt in generation.

Health and education facilities were among the worst affected. Some medical departments scaled back services, while parts of the education sector were partially suspended as classrooms and laboratories were left without power.

Socotra’s electricity authority said the crisis began when the former operator installed shutdown timers and password protections on control systems, preventing local teams from restarting the stations. Officials noted that the archipelago faced a similar situation in 2018, which was resolved through official intervention.

Local sources said the return of electricity quickly stabilized basic services. Water networks resumed regular operations, telecommunications improved, and commercial activity began to recover after a period of economic disruption linked to the outages.

Health and education rebound

In the health sector, stable power, combined with operational support, secured the functioning of Socotra General Hospital, the archipelago’s main medical facility.

Funding helped provide fuel and medical supplies and support healthcare staff, strengthening the hospital’s ability to receive patients and reducing the need to transfer cases outside the governorate, a burden that had weighed heavily on residents.

Medical sources said critical departments, including intensive care units and operating rooms, resumed normal operations after relying on limited emergency measures.

In education, classes and academic activities resumed at Socotra University and the technical institute after weeks of disruption.

A support initiative covered operational costs, including academic staff salaries and essential expenses, helping curb absenteeism and restore the academic schedule.

Local authorities announced that studies at the technical institute would officially restart on Monday, a move seen as a sign of gradual stabilization in public services.

Observers say sustained technical and operational support will be key to safeguarding electricity supply and preventing a repeat of the crisis in a region that depends almost entirely on power to run its vital sectors.