So what if Riad Salameh Gets Arrested?

Judge Ghada Aoun just issued a search warrant for Central Bank Governor Riad Salameh that expires in a month time, after Salameh refrained from attending several sessions in the case of the illegal money transfers of the beforementioned company and bank. Aoun wants us to believe she did her job, even though we hadn't heard back from the "precious data" she seemingly confiscated from Mkattaf offices, but the truth is she's creating yet another diversion…

BDL Has Officially Ended Fuel Subsidies, Prices to Jump By 5-6 Times

Fuel subdivides are over. BDL announced it today and it is now up to the Energy Minister to set new fuel prices, which will be at least 5 or 6 times higher than the current price. Does that mean that we won't have never-ending queues at gas stations now? Not quite as the Energy Ministry will probably stall for few days before announcing the new prices and some gas stations will refuse to fill up…
Critiques

Is Real Change Possible in Lebanon?

2 months ago
The answer is no, at least not in the next 3 to 5 years. As much as I want to believe that the revolution can still bring the Sulta down to its knees, the situation ...
Critiques

Should Expats Visit Lebanon This Summer to Ease Its Financial Crisis?

3 months ago
The answer would obviously be YES in any other time, but it’s not that simple given the circumstances Lebanon is going through right now. While expats will bring in “fresh” dollars, they will also increase ...
Critiques

France Considering a Currency Board For Lebanon

4 months ago
Annahar reported yesterday that the French President is considering establishing a currency board for Lebanon in case everything falls apart. Talks about a currency board had emerged earlier this year when Steve H. Hanke, an ...
Critiques

Central Bank Wants to Repay Up To $25,000 To Depositors Starting June 2021

5 months ago
Lebanon’s Central Bank issued a statement on Sunday claiming that they’re working on a plan with the banks to repay up to $25,000 in “fresh” dollars covering deposits done before Oct 17 2019. The payments ...
Critiques

The Proposed Capital Control Law is a Disaster

5 months ago
Ever since the Lira crisis begun, all experts agreed that lawful capital control measures needed to quickly be put in place protect the remaining foreign reserves and avoid further depreciation of the Lebanese Lira. Unfortunately, ...
Critiques

Over 57 Millions of Captagon Pills Coming From Lebanon Were Seized by Saudi Arabia

5 months ago
Last week, Saudi Arabia decided to issue a ban on all produce coming from Beirut after seizing millions of captain pills hidden inside pomegranates. Few hours later, Saudi’s Center for International Communication shared an infographic ...
Critiques

The Lebanese Authorities Spent Over 400 Million Dollars to “Clean” The Litani River

5 months ago
Over 1000 billion liras were allocated by the Lebanese authorities to clean the Litani River, in addition to consuming a 55 million dollars loan from the World Bank, and the outcome was over 40 tonnes ...
Critiques

Dear France, Entry Restrictions Are Not Sanctions

5 months ago
French Foreign Minister Jean-Yves Le Drian stated yesterday that France is imposing entry restrictions on some Lebanese figures for alleged corruption or for blocking the government formation. French President Macron had already proposed an initiative ...
OlderNewer