Moody’s Downgrades Lebanon Credit Rating from Caa1 to Caa2

Moody's has downgraded today Lebanon's credit rating to Caa2 after having downgraded it to Caa1 nine months ago. "Moody’s said the decision to cut Lebanese debt from Caa1 to Caa2 “reflects the increased likelihood of a debt rescheduling or other liability management exercise that may constitute a default”. The downgrade comes just after the country’s central bank ordered lenders to boost their capital buffers by some $4bn by year’s end and $4bn by next June,…

Alfa & Touch Now Selling Prepaid Recharge Cards in LBP

Caretaker Telecommunications Minister Mohammed Choucair has requested both telecom operators in Lebanon to start selling prepaid recharge cards according to the official dollar exchange rate set by the Central bank. The cards will be delivered to distributors in Lebanese Lira and the prices will be as follows: The minister is calling on the Ministry of Economy and Commerce and the Consumer Protection Directorate to prosecute anyone who violates this decision, but it's already happening. A…

Pro-Sulta Protests: More Diversions To Delay New Government Formation

PM Hariri resigns, his supporters go out in the streets to cheer for him. Hezbollah Chief makes a speech, his supporters flood the streets to show support. Today, Speaker Nabih Berri supporters were roaming the streets of Beirut cheering for him, while hundreds of Tayyar supporters were headed to Baabda to show support to the President. . I don't get it: Do these supporters realize their leaders are the ones in power? the ones people…

“All Means All of them” and Daylight Saving is One of Them!

The European Union has already voted in favor of dropping DST, and other countries are working on it. I never saw the point of DST, and if you google it, you realize how useless and pointless it is. Truth is it's not worth the trouble and has more cons than pros. Personally speaking, I don't even know when it happens anymore because I don't wear a watch and smartphones update automatically. As for disrupting my…
Critiques

What You Didn’t Know About The “illicit Enrichment” Law

1 week ago
When the first case of “illicit enrichment” was brought up a week ago, I looked into the law itself to see what it consists of, and then after watching yesterday’s Al Jadeed episode on corruption, ...
Critiques

Watch Al Jadeed’s Report on Corruption

1 week ago
It’s a 3 hour report but worth every minute. If you still think your party or your leader is not corrupt, watch and judge for yourself. From pharmacies selling fake cancer meds and still open, ...
Critiques

Dialogue is Key to Solving Lebanon’s Problems

2 weeks ago
During the last couple of weeks, I’ve engaged more than ever with all sorts of people from different political and religious backgrounds in Lebanon. Most of the topics I usually share on the blog are ...
Critiques

Day13 Updates: PM Hariri Resigns, Thugs Attack Riad el Solh Square

2 weeks ago
After nearly two weeks of protests, PM Hariri has finally announced his resignation today. A couple of hours before his speech, thugs attacked peaceful protesters in Riad el Solh and Martyrs Square injuring elderly and ...
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