Latest Saad Hariri News

Lebanese PM asks friendly nations for credit amid crisis

Dec. 6, 2019 8:57 AM EST

BEIRUT (AP) — Lebanon's outgoing prime minister called on several Arab and world leaders Friday to help his country secure credit lines for imports from friendly nations as the tiny Mediterranean country passes through its worst economic and financial crisis in decades. According to a statement released by...

Lebanese central bank slashes interest rates amid crisis

Dec. 4, 2019 1:27 PM EST

BEIRUT (AP) — Lebanon’s central bank on Wednesday dramatically lowered interest rates on dollar and Lebanese pound deposits and loans — the latest measure to shore up the country’s banking system amid a burgeoning economic crisis. Banque de Liban also announced that for the next six...

Lebanon’s outgoing PM backs businessman to replace him

Dec. 3, 2019 8:27 PM EST

BEIRUT (AP) — Lebanon’s outgoing Prime Minister Saad Hariri said Tuesday he supports the nomination of a prominent contractor to become the next premier, a move that will likely pave the way for the formation of a new Cabinet amid a severe economic and financial crisis. The news of the possible...

Lebanese army separates rival protests near president palace

Dec. 1, 2019 12:23 PM EST

BEIRUT (AP) — Lebanon’s armed forces have deployed near the presidential palace east of Beirut to prevent friction between rival Lebanese protesters as the stalemate over forming a crisis government continues. Anti-government protesters had called for a rally Sunday outside the Presidential Palace...

Iraqi prime minister to resign in wake of deadly protests

Nov. 29, 2019 3:43 PM EST

BAGHDAD (AP) — A day after more than 40 protesters were killed by security forces, Iraq’s prime minister announced Friday that he would submit his resignation to parliament, a step that carried uncertainty for the entire government and stirred fears of a possible political crisis. The move by Adel...

Gas station strike paralyzes Lebanon as crisis deepens

Nov. 29, 2019 1:06 PM EST

BEIRUT (AP) — Angry motorists blocked roads with their vehicles in Beirut and other parts of Lebanon on Friday, creating traffic jams to protest a strike by owners of gas stations demanding an increase in gasoline prices as the local currency drops and the nation slides deeper into a financial crisis. The...

Lebanon pays back $1.5 billion Eurobond amid economic crisis

Nov. 28, 2019 2:13 PM EST

BEIRUT (AP) — Lebanon paid back a Eurobond worth $1.5 billion that was scheduled to mature Thursday, a Finance Ministry official said, pacifying concerns of a first-ever default on its debt amid the worst financial crisis in three decades. The tiny Mediterranean country’s economic emergency has...

In Lebanon, financial collapse and security concerns loom

Nov. 27, 2019 1:57 PM EST

BEIRUT (AP) — Hundreds of Lebanese women marched across a former front line in the Lebanese capital Wednesday carrying white roses and Lebanese flags to denounce overnight clashes between rival groups that injured dozens of people. They pledged no return to civil war. But amid a political impasse after 40...

Outgoing Lebanese PM withdraws candidacy for post

Nov. 26, 2019 12:09 PM EST

BEIRUT (AP) — Outgoing Lebanese Prime Minister Saad Hariri on Tuesday withdrew his candidacy for the premiership, saying he hoped to clear the way for a solution to the political impasse amid weeks of anti-government protests. Hariri resigned nearly a month ago in response to mass protests ignited by a...

Lebanon clashes threaten to crack open fault lines

Nov. 25, 2019 8:04 PM EST

BEIRUT (AP) — Clashes between Lebanese protesters and supporters of the Shiite militant Hezbollah group are putting Lebanon’s military and security forces in a delicate position, threatening to crack open the country’s dangerous fault lines amid a political deadlock. For weeks, the Lebanese...