Lebanon Overpasses Tests of Taxes, Repercussions of Bassil-Moallem Meeting

 Cabinet met at the Grand Serail on Friday/NNA
Cabinet met at the Grand Serail on Friday/NNA
TT

Lebanon Overpasses Tests of Taxes, Repercussions of Bassil-Moallem Meeting

 Cabinet met at the Grand Serail on Friday/NNA
Cabinet met at the Grand Serail on Friday/NNA

The Lebanese government overpassed on Friday the test of a tax law and the repercussions of a meeting held last week in New York between its Foreign Minister Gebran Bassil and his Syrian counterpart Walid Moallem.

On Friday, the cabinet convened at the Grand Serail in Beirut and adopted a new tax law to finance the salary scale.

However, in order to avoid disturbing the government alliance, ministers at the Cabinet failed to address disputes related to a meeting held between the foreign ministers of Lebanon and the Syrian regime in New York.

By adopting the new tax law, the government ended the civil servants strike that started early this week across the country.

After a decision of the Constitutional Council to overturn a tax law, the Lebanese Cabinet faced a deadlock in providing resources to fund a salary scale for public employees, who were angry from the possibility of not receiving their financial rights.

The Union Coordination Committee (UCC) called for a general strike Monday in all public administrations, schools, and municipalities to put pressure on the government to pay public employees according to the new salary scale.

“We reached today an expedited draft law that includes the necessary tax adjustments. We will send it to Parliament for approval as soon as possible,” Prime Minister Saad Hariri said following the session.

He added that the “political consensus that continues and on which we are keen, the President of the Republic, all the parties in the government and I, has produced this solution, which some thought would be complicated, but in the end, we reached it.”

And while the prime minister did not deny the presence of a political dispute concerning communications with the Syrian regime, Minister of State for Refugee Affairs Mouin Merhebi told Asharq Al-Awsat on Friday that the issue was not discussed by the Cabinet in its last two meetings held this week.

“The repercussions of the (Bassil-Moallem) meeting were not tackled,” he said, warning that the current state linked to communications held with Damascus aside from the government’s approval “cannot continue.”

Meanwhile, the US sanctions passed on Thursday against Hezbollah reflected worries in the ranks of the party, which placed the new US bills in the framework of “intimidating all Lebanese.”



Syria to Start Currency Swap on January 1st, Central Bank Governor Says

Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo
Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo
TT

Syria to Start Currency Swap on January 1st, Central Bank Governor Says

Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo
Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo

Syria will start swapping old banknotes for new ones under a ​plan to replace Assad-era notes starting from January 1, 2026, Central Bank Governor Abdelkader Husrieh said on Thursday.

Husrieh announced the introduction of the new Syrian currency, saying the decree "sets January ‌1, 2026, ‌as the start date ‌for ⁠the ​exchange ‌process". Sources familiar with the matter told Reuters in August that the country will issue new banknotes, removing two zeros from its currency in an attempt to restore ⁠public confidence in the severely devalued pound.

The ‌step is intended ‍to strengthen ‍the Syrian pound after its purchasing ‍power collapsed to record lows following a 14-year conflict that ended with President Bashar al-Assad's ouster in December.

Husrieh ​said the operation will take place through a smooth and orderly ⁠swap - a move bankers hope will ease fears that the new currency could fuel inflation and further erode the purchasing power of Syrians already reeling from high prices.

He added that a press conference will soon outline the exact regulations and mechanisms.


Türkiye Begins Black Box Analysis of Jet Crash That Killed Libyan Military Chief and 7 Others

Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)
Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)
TT

Türkiye Begins Black Box Analysis of Jet Crash That Killed Libyan Military Chief and 7 Others

Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)
Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)

The technical analysis of the recovered black boxes from a jet crash that killed eight people, including western Libya’s military chief, began as the investigation proceeded in cooperation with Libyan authorities, the Turkish Ministry of Defense said Thursday.

The private jet with Gen. Muhammad Ali Ahmad al-Haddad, four other military officials and three crew members crashed on Tuesday after taking off from Türkiye’s capital, Ankara, killing everyone on board. Libyan officials said the cause of the crash was a technical malfunction on the plane.

The high-level Libyan delegation was on its way back to Tripoli after holding defense talks in Ankara aimed at boosting military cooperation between the two countries.

The wreckage was scattered across an area covering 3 square kilometers (more than a square mile), complicating recovery efforts, according to the Turkish Interior Minister Ali Yerlikaya.

A 22-person delegation, including five family members, arrived from Libya early on Wednesday to assist in the investigation.


Lebanese President: We are Determined to Hold Parliamentary Elections on Time

President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)
President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)
TT

Lebanese President: We are Determined to Hold Parliamentary Elections on Time

President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)
President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)

Lebanese President Joseph Aoun reiterated on Thursday that the country’s parliamentary elections are a constitutional obligation that must be carried out on time.

Lebanon’s state-run National News Agency quoted Aoun as saying that he, alongside Prime Minister Nawaf Salam and Parliament Speaker Nabih Berri, is determined to hold the elections on schedule.

Aoun also emphasized that diplomatic efforts have continued unabated to keep the specter of war at bay, noting that "things are heading in a positive direction".

The agency also cited Berri reaffirming that the elections will take place as planned, with "no delays, no extensions".

The Lebanese parliamentary elections are scheduled for May next year.