Source: Reuters
The official website of the Kataeb Party leader
Security & Justice
One Killed in Israeli Strike in South Lebanon
Lebanon’s health ministry said an Israeli drone strike in the south killed one person on Saturday, the latest deadly raid despite a more than two-week ceasefire between Israel and Hezbollah.
Saturday, December 14, 2024
Lebanese Army Enforces Resolution 1701, Expands Deployment in South
The Lebanese Army has begun implementing United Nations Security Council Resolution 1701 and related government-approved decisions in the region south of the Litani River, security sources told Nidaa Al-Watan.
Saturday, December 14, 2024
Opinion
A Diminished Hezbollah Is Made Even Weaker by the Toppling of Assad in Syria
A severely hobbled Hezbollah was in no position to help defend former Syrian President Bashar Assad, a longtime ally, from the lightning-fast insurgency that toppled him. With Assad gone, the militant group based in Lebanon is even weaker.
Sunday, December 15, 2024
What Assad’s Fall Means for Lebanon
The fall of Assad’s Baathist regime was met with widespread jubilation among Lebanon's various communities, especially its Sunni, Christian and Druze, but trepidation among many Shias, whose political leadership relied on Baathist cover and support. Baathist Syria had played a major role in Lebanon, intervening in the country's civil war, occupying the country in the post-war period, and manipulating Lebanon's political landscape to benefit its political and economic interests. Though it was ousted from the country in 2005 following a mass uprising that blamed Damascus for the assassination of former Prime Minister Rafik al-Hariri, the Syrian regime continued to maintain influence in the country through its allies and supporters.
Friday, December 13, 2024
Sports
Eddie Jordan Reveals Cancer Battle Which F1 Legend Says Has Spread 'Aggressively'
Former Formula 1 team owner Eddie Jordan has revealed he is fighting an "aggressive" battle with cancer.
Friday, December 13, 2024
Cristiano Ronaldo Says World Cup 2034 in Saudi Arabia Will Be ‘Best’ Ever
Superstar football player Cristiano Ronaldo said the FIFA men’s World Cup that will be held in Saudi Arabia in 2034 will be “the best World Cup ever.”
Thursday, December 12, 2024
Wednesday 8 March 2023 13:15:29
Lebanon Banks 'Have No Liquidity,' Says Banking Association's Secretary General
Lebanon's commercial banks do not have enough liquidity to pay back depositors, the secretary general of the country's banking association said on Wednesday in a letter that laid out the banks' positions.
The letter was signed by the Association of the Banks of Lebanon (ABL)'s Fadi Khalaf and served as the introduction to the ABL's monthly report. Khalaf said it represented his "opinion and personal analysis".
The letter said commercial banks had approximately $86.6 billion deposited at Lebanon's Central Bank as of mid-February, and a net negative position with correspondent banks of $204 million as of Jan. 31, 2023.
"These numbers show without a doubt that the banks have no liquidity," Khalaf wrote.