Lebanese Banks Plan Strike in Response to Judicial Orders

A man walks past fortified branch of Fransabank in Beirut on Wednesday. (Reuters)
A man walks past fortified branch of Fransabank in Beirut on Wednesday. (Reuters)
TT

Lebanese Banks Plan Strike in Response to Judicial Orders

A man walks past fortified branch of Fransabank in Beirut on Wednesday. (Reuters)
A man walks past fortified branch of Fransabank in Beirut on Wednesday. (Reuters)

Lebanese banks plan a two-day strike next week in protest at judicial actions that targeted seven major lenders, a standoff that risks more instability for a country mired in crisis since 2019.

The banking association said the strike was a warning against what it called "the arbitrariness of some judicial decisions" - a reference to orders that have frozen the assets of seven banks since March 14 and banned six of their executives from travel.

Prime Minister Najib Mikati said actions taken by some judges were heightening tensions and he had asked the public prosecutor to "take appropriate measures".

Lebanon's banks have been paralyzed since the financial system collapsed in 2019 under the weight of huge public debts caused by decades of state corruption and waste, locking depositors out of their savings. It is Lebanon's most destabilizing crisis since the 1975-90 civil war.

"We are facing a very, very dangerous phase in the Lebanese crisis," said Nabil Boumonsef, deputy editor at Annahar newspaper, adding that a protracted bank closure risked social unrest as salaries could not be withdrawn.

Judge Ghada Aoun has frozen the assets of six of the banks as she probes transactions between them and the central bank.

The seventh, Fransabank, had its assets frozen by another judge who ruled in favor of a man who had brought a case demanding the bank reopen his account and pay out his deposit in cash.

Fransabank said on Thursday the order meant it could not dispense cash, including the salaries of public sector employees, as its vaults had been sealed.

Lebanon's failure to pass a capital control law since the crisis began has left it to banks to impose informal controls that have treated depositors unequally. Banks say they have been calling for such a law.

In a separate move on Thursday, Ghada Aoun also ordered the arrest of Raja Salameh, the brother of central bank governor Riad Salameh, on a charge of "complicity in illicit enrichment" in a case a judicial source said also involved the governor.

A lawyer for Raja Salameh declined to comment on the case on Friday, while the office of Riad Salameh's lawyer said he was not available for comment.

'Protecting the Perpetrators'

In his statement, Mikati - a supporter of Riad Salameh - did not specify which judicial actions he was criticizing.

But he said "the course of action taken by some judges was "pushing towards ominous tensions, and there are attempts to use this tension in election campaigns", referring to a May 15 parliamentary election. "This is a dangerous matter."

Critics of Judge Aoun accuse her of working according to the political agenda of President Michel Aoun, who appointed her as public prosecutor for Mount Lebanon. She denies this, saying that she is implementing the law.

In a tweet, Judge Aoun said it was regrettable to hear "unacceptable attacks on the judiciary when some are not pleased by this or that prosecution", adding: "God forbid that the goal is to protect the perpetrators."

Aoun and his political movement, the Free Patriotic Movement (FPM), are at odds with Mikati and several other major Lebanese parties over Salameh, whose three-decade tenure as governor has faced increased scrutiny since the economy collapsed.

The FPM has called for Salameh's removal, while Mikati has shown support for the central bank chief even as he has faced embezzlement probes at home and abroad.

Salameh faces investigations in Lebanon and at least five European countries including Switzerland over allegations of money laundering and embezzlement of hundreds of millions of dollars at the central bank - investigations in which his younger brother Raja is also implicated.

Salameh has denied any wrongdoing. He has described the accusations against him as politically motivated.



Rescue Teams Search for Survivors in Building Collapse that Killed at Least 2 in Northern Lebanon

A Lebanese flag is pictured, in the aftermath of a massive explosion, in Beirut's damaged port area, Lebanon August 17, 2020. REUTERS/Hannah McKay
A Lebanese flag is pictured, in the aftermath of a massive explosion, in Beirut's damaged port area, Lebanon August 17, 2020. REUTERS/Hannah McKay
TT

Rescue Teams Search for Survivors in Building Collapse that Killed at Least 2 in Northern Lebanon

A Lebanese flag is pictured, in the aftermath of a massive explosion, in Beirut's damaged port area, Lebanon August 17, 2020. REUTERS/Hannah McKay
A Lebanese flag is pictured, in the aftermath of a massive explosion, in Beirut's damaged port area, Lebanon August 17, 2020. REUTERS/Hannah McKay

At least two people were killed and four rescued from the rubble of a multistory apartment building that collapsed Sunday in the city of Tripoli in northern Lebanon, state media reported.

Rescue teams were continuing to dig through the rubble. It was not immediately clear how many people were in the building when it fell.

The bodies pulled out were of a child and a woman, the state-run National News Agency reported.

Dozens of people crowded around the site of the crater left by the collapsed building, with some shooting in the air.

The building was in the neighborhood of Bab Tabbaneh, one of the poorest areas in Lebanon’s second largest city, where residents have long complained of government neglect and shoddy infrastructure. Building collapses are not uncommon in Tripoli due to poor building standards, according to The AP news.

Lebanon’s Health Ministry announced that those injured in the collapse would receive treatment at the state’s expense.

The national syndicate for property owners in a statement called the collapse the result of “blatant negligence and shortcomings of the Lebanese state toward the safety of citizens and their housing security,” and said it is “not an isolated incident.”

The syndicate called for the government to launch a comprehensive national survey of buildings at risk of collapse.


Israel to Take More West Bank Powers and Relax Settler Land Buys

A view of Israeli settlement of Maale Adumim, in the West Bank, Sunday, June 18, 2023. (AP)
A view of Israeli settlement of Maale Adumim, in the West Bank, Sunday, June 18, 2023. (AP)
TT

Israel to Take More West Bank Powers and Relax Settler Land Buys

A view of Israeli settlement of Maale Adumim, in the West Bank, Sunday, June 18, 2023. (AP)
A view of Israeli settlement of Maale Adumim, in the West Bank, Sunday, June 18, 2023. (AP)

Israel's security cabinet approved a series of steps on Sunday that would make it easier for settlers in the occupied West Bank to buy land while granting Israeli authorities more enforcement powers over Palestinians, Israeli media reported.

The West Bank is among the territories that the Palestinians seek for a future independent state. Much of it is under Israeli military control, with limited Palestinian self-rule in some areas run by the Western-backed Palestinian Authority (PA).

Citing statements by Finance Minister Bezalel Smotrich and Defense Minister Israel Katz, Israeli news sites Ynet and Haaretz said the measures included scrapping decades-old regulations that prevent Jewish private citizens buying land in the West Bank, The AP news reported.

They were also reported to include allowing Israeli authorities to administer some religious sites, and expand supervision and enforcement in areas under PA administration in matters of environmental hazards, water offences and damage to archaeological sites.

Palestinian President Mahmoud Abbas said the new measures were dangerous, illegal and tantamount to de-facto annexation.

The Israeli ministers did not immediately respond to requests for comment.

The new measures come three days before Prime Minister Benjamin Netanyahu is scheduled to meet in Washington with US President Donald Trump.

Trump has ruled out Israeli annexation of the West Bank but his administration has not sought to curb Israel's accelerated settlement building, which the Palestinians say denies them a potential state by eating away at its territory.

Netanyahu, who is facing an election later this year, deems the establishment of any Palestinian state a security threat.

His ruling coalition includes many pro-settler members who want Israel to annex the West Bank, land captured in the 1967 Middle East war to which Israel cites biblical and historical ties.

The United Nations' highest court said in a non-binding advisory opinion in 2024 that Israel's occupation of Palestinian territories and settlements there is illegal and should be ended as soon as possible. Israel disputes this view.


Arab League Condemns Attack on Aid Convoys in Sudan

A general view shows the opening session of the meeting of Arab foreign ministers at the Arab League Headquarters (Reuters)
A general view shows the opening session of the meeting of Arab foreign ministers at the Arab League Headquarters (Reuters)
TT

Arab League Condemns Attack on Aid Convoys in Sudan

A general view shows the opening session of the meeting of Arab foreign ministers at the Arab League Headquarters (Reuters)
A general view shows the opening session of the meeting of Arab foreign ministers at the Arab League Headquarters (Reuters)

Arab League Secretary-General Ahmed Aboul Gheit strongly condemned the attack by the Rapid Support Forces on humanitarian aid convoys and relief workers in North Kordofan State, Sudan.

In a statement reported by SPA, secretary-general's spokesperson Jamal Rushdi quoted Aboul Gheit as saying the attack constitutes a war crime under international humanitarian law, which prohibits the deliberate targeting of civilians and depriving them of their means of survival.

Aboul Gheit stressed the need to hold those responsible accountable, end impunity, and ensure the full protection of civilians, humanitarian workers, and relief facilities in Sudan.