Month: July 2021

The Lebanese pound fell on the black market Tuesday, trading at LL18,950 against the dollar, after rallying in previous days on the designation of a new prime minister.

The Cuban Embassy in Paris said on Tuesday that its building had been attacked with petrol bombs, causing serious damage but no injuries to diplomatic staff.

New Prime Minister-designate Najib Mikati began consultations with parliamentary blocs Tuesday, kicking off his effort to form a long-awaited government that would tackle Lebanon’s economic crisis.

France on Monday urged the formation of a “competent and capable” government in Lebanon to carry out reforms after a year of political deadlock.

The European Union on Monday urged Lebanon’s political elite to form a government without delay, following the nomination of Lebanese businessman Najib Mikati to be designated as prime minister.

U.S. President Joe Biden and Iraqi Prime Minister Mustafa al-Kadhimi on Monday sealed an agreement formally ending the U.S. combat mission in Iraq by the end of 2021, more than … Read More

Najib Mikati, a billionaire businessman and Lebanon’s latest premier-designate, is a political veteran viewed by some as emblematic of the crony politics that steered the country towards collapse.

Armed with the support of a parliamentary majority for his designation as Lebanon’s new prime minister, former Premier Najib Mikati pledged Monday to quickly form a government to rescue the … Read More