Latest Beirut News

Lebanese banks decide to stay shuttered, over security fears

Sep. 22, 2022 08:55 AM EDT

BEIRUT (AP) — Lebanon's banks will remain closed indefinitely after rejecting a proposed government security plan, a senior official with the country's commercial banks association said on Thursday, amid a wave of protests and heists targeting its failing financial system. The...

IMF criticizes Lebanese government over slow reforms

Sep. 21, 2022 13:08 PM EDT

BEIRUT (AP) — The International Monetary Fund on Wednesday said the Lebanese government's slowness to implement desperately-needed reforms was exacerbating the country's economic meltdown, even as officials met to discuss an urgent and long-delayed bailout. The IMF statement...

Lebanon aims to adopt long-delayed IMF reforms in October

Sep. 20, 2022 09:49 AM EDT

BEIRUT (AP) — Crisis-hit Lebanon hopes to adopt key reforms demanded by the International Monetary Fund for a long-delayed but urgently needed bailout before the end of next month if there is “political will”, Lebanon’s caretaker economy minister said Tuesday. Amin Salam...

Iran faces US in international court over asset seizure

Sep. 19, 2022 11:37 AM EDT

THE HAGUE, Netherlands (AP) — Iran told the United Nations' highest court on Monday that Washington’s confiscation of some $2 billion in assets from Iranian state bank accounts to compensate bombing victims was an attempt to destabilize the Iranian government and a violation of international...

Beirut protesters demand release of bank heist detainees

Sep. 19, 2022 10:59 AM EDT

BEIRUT (AP) — Protesters scuffled with Lebanese security forces Monday outside the Justice Ministry in Beirut, demanding the release of two people arrested last week during a bank heist. The clash came as a delegation from the International Monetary Fund held meetings in Beirut...

Depositors storm 5 banks as Lebanon's cash crisis worsens

Sep. 16, 2022 15:48 PM EDT

BEIRUT (AP) — Lebanese depositors, including one armed with a hunting rifle, broke into at least five banks on Friday to demand their trapped savings, a sign of growing chaos in the small Mediterranean nation amid a historic economic meltdown. Friday’s raids were the most in a...

Palestinians commemorate horrific 1982 massacre in Beirut

Sep. 16, 2022 12:48 PM EDT

BEIRUT (AP) — Palestinians commemorated Friday the 40th anniversary of the horrific killings in a refugee camp in Beirut that left hundreds of people dead during Israel’s 1982 invasion of Lebanon. Dozens of citizens from Europe who support the Palestinian cause also took part in...

After heist, Lebanese activists promise more bank raids

Sep. 15, 2022 11:15 AM EDT

BEIRUT (AP) — A Lebanese activist group on Thursday vowed to organize more bank heists to help people retrieve their locked savings as the country's years-long economic crisis continues to worsen. Activists from Depositors' Outcry group accompanied Sali Hafez into a Beirut bank...

Woman with toy gun grabs trapped savings from Beirut bank

Sep. 14, 2022 20:44 PM EDT

BEIRUT (AP) — A woman accompanied by activists and brandishing what she said was a toy pistol broke into a Beirut bank branch on Wednesday, taking $13,000 from her trapped savings. Sali Hafez told the local Al-Jadeed TV that she needed the money to fund her sister’s cancer...

In parts of Mideast, power generators spew toxic fumes 24/7

Sep. 12, 2022 21:35 PM EDT

BEIRUT (AP) — They literally run the country. In parking lots, on flatbed trucks, hospital courtyards and rooftops, private generators are ubiquitous in parts of the Middle East, spewing hazardous fumes into homes and businesses 24 hours a day. As the world looks...