Source: The Daily Star
Security & Justice
Former Security Chief Undergoes Interrogation in Beirut Port Explosion Case
Lebanon's judicial investigation into the Beirut Port explosion continued on Friday with former General Security Chief, Major General Abbas Ibrahim, undergoing a lengthy interrogation session before Judge Tarek Bitar. However, the session concluded without any legal action being taken against Ibrahim, who will remain under investigation for the time being.
Friday, April 11, 2025
‘New Era for Lebanon’ Billboards Set Ablaze on Beirut Airport Road
Billboards declaring the dawn of a “new era for Lebanon” were set ablaze overnight along the main road leading to Beirut’s Rafic Hariri International Airport, just a day after they replaced posters of Hezbollah’s top leaders and key Iranian figures.
Friday, April 11, 2025
Opinion
A Roadmap for Post-Conflict Economic Recovery in the Middle East
Rebuilding economies after conflict is a daunting challenge, especially in the Middle East, where decades of war have left lasting scars on economic structures and societies. Amid a shifting political landscape, a critical window of opportunity has emerged to support post-conflict recovery. International financial assistance will be crucial, yet the key question remains: how can reconstruction efforts and implementing policies deliver sustained economic performance and improve people’s lives? The high cost of inaction not only increases the risk of reverting to instability but also erodes the confidence of both international and regional stakeholders. Genuine recovery requires more than short-term financial injections; it demands a comprehensive approach that focuses on rebuilding institutions, implementing long-term reforms and fostering economic resilience.
Tuesday, April 8, 2025
Can Lebanon’s New Central Bank Governor Break the Cycle of Economic Crisis?
As Lebanon faces up to its broken finances, neglected infrastructure and postwar reconstruction, the appointment of Karim Souaid as the new central bank governor marks an important step toward economic recovery.
Tuesday, April 1, 2025
Sports
First Place on the Line in Madrid Derby as Real and Atletico Squabble Over Refereeing
Real Madrid and Atletico Madrid meet in their second derby of the season with the Liga lead on the line and the focus on refereeing. Real Madrid has spent the days ahead of Saturday’s match complaining of mistakes against the club.
Thursday, February 6, 2025
Zhou Guanyu Joins Ferrari as a Reserve Driver for 2025 F1 Season
The first Chinese driver in Formula 1, Zhou Guanyu, is heading back to Ferrari as one of its reserve drivers for the 2025 season.
Wednesday, February 5, 2025
Tuesday 4 August 2020 13:46:11
Byblos Bank’s Loses $122 Million in 2019 Due to Heavy Provisions
Byblos Bank, one of the largest lenders in Lebanon, said Tuesday that it recorded a loss of $122 million in 2019 due to the allocation of “collective provisions’’ for the bank’s expected credit losses on its portfolio of Lebanese Eurobonds.
“Byblos Bank recorded in 2019 a total of $122 million in losses for the first time since its inception around 60 years ago. These losses are mainly due to the allocation of collective provisions for the bank’s expected credit losses on its portfolio of Lebanese Eurobonds; on its foreign-currency placements with the Central Bank of Lebanon; and on its customer loan portfolio,” the bank said in its statement.
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