Ali Zeineddine
Business Lebanese depositors are seen at in a sit-in in Beirut last week. (EPA)

Lebanon’s Central Bank Leads Way for Banking, Monetary Reforms

Lebanon’s Central Bank opened a segment of deposits that was “not eligible” for full recovery, according to the applicable government description, to monthly…

Ali Zeineddine (Beirut)
Business Lebanon ranked 149th in the world in the Corruption Perceptions Index (CPI) 2023, prepared by Transparency International, the leading global watchdog on corruption (NNA)

Beirut Among Cities with Highest Cost of Living, Worst Quality of Life

The Lebanese capital has maintained a negative lead rank at both the regional and international levels concerning the cost of living and quality of life. …

Ali Zeineddine (Beirut)
Business A Lebanese citizen searches in the garbage for what can be collected to sell and provide a source of livelihood for his family (EPA)

Int’l Report Ranks Beirut’s Quality of Life Among the ‘Worst’ in the World

Lebanon’s catastrophic decline has considerably impacted the quality of life in the Mediterranean nation. The capital, Beirut, ranked 240 from among 242…

Ali Zeineddine (Beirut)
Arab World Lebanese caretaker Prime Minister Najib Mikati (Reuters)

Rating Agencies Cite ‘Cautious’ Positive Outlook for Lebanon after Maritime Demarcation Deal with Israel

The conclusions of two international credit rating agencies agreed on the initial positive outlook for Lebanon and its economy following its signing of the US…

Ali Zeineddine (Beirut)
Arab World 07 July 2022, Lebanon, Beirut: A Lebanese activist gestures during a protest against the current economic situation of the country in front of Lebanon Central Bank. (dpa)

Lebanon Has Highest Cost of Living, Worst Quality of Life

Beirut ranked 242nd out of 248 cities around the world for the “worst” quality of life, according to a recent international report. Meanwhile, the Lebanese…

Ali Zeineddine (Beirut)
Business Lebanon Inches Closer to Abandoning its Banking Secrecy System

Lebanon Inches Closer to Abandoning its Banking Secrecy System

Lebanon might soon abandon its “banking secrecy” system, which has been in place for more than six decades. The move comes as part of conforming to the…

Ali Zeineddine (Beirut)
Business Lebanon's Banks Threaten to Sue the State

Lebanon's Banks Threaten to Sue the State

A senior Lebanese official in the financial sector warned that the country was in a severe monetary crisis as a result of explicit duplicity in the state to…

Ali Zeineddine (Beirut)
Business World Bank Says Poverty is on the Rise in Lebanon

World Bank Says Poverty is on the Rise in Lebanon

A World Bank report has said that in 2021 the number of poor Lebanese is expected to have increased by 1.5 million over baseline, and by 780,000 Syrian…

Ali Zeineddine (Beirut)