Lebanon approves bank restructuring law to tackle financial crisis
RIYADH: The Lebanese government has approved a draft law to reform and restructure the country’s banking sector, marking a significant step toward addressing the financial crisis that has persisted since 2019. Following a four-hour Cabinet session chaired by Prime Minister…
Lebanon’s Nabih Berri: Municipal elections law amendment unlikely, urges on-time elections
Lebanese Parliament Speaker Nabih Berri stated that amending the municipal elections law is unlikely due to time constraints, warning that any changes would delay the elections. In an interview with Asharq Al-Awsat, Berri reiterated his commitment to holding the elections on…
Lebanon adopts draft banking law
Lebanon has adopted a draft law on restructuring its banking sector, a condition for unlocking international aid to help it emerge from an economic crisis it has suffered since 2019. “It is the first time a (Lebanese) government has approved…