Business News Lebanon

  • BEIRUT, Oct 19- Lebanon's Hezbollah leader Sayyed Hassan Nasrallah said on Saturday that the group was not demanding the government's resignation amid widespread national protests. Nasrallah said in a televised speech that he supported the government, but called for a new agenda and "new spirit," adding that ongoing protests showed the way forward was not new...

  • *Beirut scrambles for dollars; more pain expected. BEIRUT, Oct 18- Lebanon is closer to a financial crisis than at any time since at least the war-torn 1980 s as allies, investors and this week nationwide protests pile pressure on the government to tackle a corrupt system and enact long-promised reforms. Foreign Minister Gebran Bassil said in a televised speech on...

  • SYDNEY, Sept 20- An Australian court has found a man guilty of planning to blow up an Etihad Airways flight from Sydney to Abu Dhabi nearly two years ago with a bomb hidden in a meat grinder, a spokeswoman for the New South Wales Supreme Court said on Friday. Police had accused the man, Mahmoud Khayat, and his brother Khaled Khayat of planning two terrorist attacks: the...

  • Israeli soldiers stand guard in the northern Israeli town of Avivim, close to the border with Lebanon, on September 2, 2019. -Israel and Hezbollah exchanged fire along the Lebanese border after a week of rising tensions, sparking fears of an escalation and prompting concern from world powers.

    Lebanon and its government are not to blame for Hezbollah and its recent attacks on Israeli territory, Lebanon's prime minister said Tuesday.

  • *Ankara says not Turkey- bound; Beirut says no information. OSLO/ ISTANBUL, Aug 30- Turkey said on Friday that an Iranian oil tanker at the centre of a confrontation between Washington and Tehran was headed to Lebanon's waters after changing course several times, although Beirut said it was not informed of the plan. When the ship was released off Gibraltar in...

  • OSLO/ BEIRUT, Aug 30- Turkey said on Friday that an Iranian tanker at the centre of a confrontation between Washington and Tehran was headed to Lebanon after changing course several times, although Beirut said it was not informed of the plan. According to Refinitiv tracking data, the Adrian Darya, formerly called Grace 1, made a U-turn on Friday and headed for...

  • *Israel to begin gas exports to Egypt in three to four months. *New connections could be built between Israel and Egypt. CAIRO, July 24- Israel will begin natural gas exports to Egypt within four months, Energy Minister Yuval Steinitz told Reuters on Wednesday.

  • CAIRO, July 24- Israel will begin natural gas exports to Egypt within four months, Energy Minister Yuval Steinitz told Reuters on Wednesday. Steinitz also said that a deal to buy stakes in the East Mediterranean Gas Company's pipeline between between Ashkelon in Israel and El-Arish in Egypt will be completed "within weeks" and that more connections could be...

  • *Grace 1 apparently sailed from Iran- mapping data. *US, Iran in confrontation over unravelling nuclear deal. LONDON/ DUBAI, July 4- British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran's fury and could escalate its confrontation with the West.

  • *Grace 1 apparently sailed from Iran- mapping data. *US, Iran in confrontation over unravelling nuclear deal. LONDON, July 4- British Royal Marines seized an oil tanker in Gibraltar on Thursday accused of bringing oil to Syria in violation of EU sanctions, a dramatic step that could escalate confrontation between the West and Iran.

  • LONDON, July 4- British Royal Marines in Gibraltar have detained the supertanker Grace 1 on suspicion of carrying crude oil to Syria, the Gibraltar government said, in what a legal source said may be the first such interception of a vessel under European Union sanctions. In a statement, the Gibraltar government said it had reasonable grounds to believe that the...

  • BEIRUT, June 27- Hundreds of veterans burned tires and blocked highways in Lebanon on Thursday to protest a pension tax and benefit cuts in a 2019 budget intended to slash the country's deficit. Lebanon's public debt is 150% of GDP, among the largest in the world. In a reminder of the hurdles facing Prime Minister Saad al-Hariri's government, plumes of smoke rose...

  • BEIRUT, June 27- Hundreds of veterans burned tyres and blocked highways in Lebanon on Thursday to protest plans to tax their pensions and other measures in a 2019 budget intended to slash the country's deficit. Lebanon's public debt is 150% of GDP, among the largest in the world. In a reminder of the political issues facing Prime Minister Saad al-Hariri's...

  • BEIRUT, June 27- Hundreds of retired army officers burned tires blocking main highways into Lebanon's capital on Thursday to protest cuts to their benefits as part of the 2019 draft budget. The protests point to the landmine the government faces in trying to push spending cuts, even after Lebanon's key parties agreed the budget in a bid to stave off financial...

  • Jared Kushner participates in a panel discussion during the TIME 100 Summit 2019 on April 23, 2019 in New York City.

    The first stage of U.S. President Donald Trump's Middle East peace plan will be launched on Tuesday at a conference the White House touts as a bid to begin drumming up $50 billion in investment.

  • President Donald Trump's vision for Mideast peace has hit a raw nerve in Lebanon, reviving fears of any plan that would permanently settle Palestinian refugees in the country and shift its Christian-Muslim sectarian balance. The first part of the White House plan for peace between Israel and the Palestinians focuses on encouraging $50 billion of...

  • RIYADH/ AMMAN/ CAIRO, June 23- Arab politicians and commentators greeted U.S. Set to be presented by Trump's son-in-law, Jared Kushner, at a conference in Bahrain on Tuesday and Wednesday, the blueprint envisions a global investment fund to lift the Palestinian and neighbouring Arab economies and is part of broader efforts to revive the Israeli-Palestininan...

  • RIYADH/ AMMAN/ CAIRO, June 23- Arab politicians and commentators greeted U.S. Set to be presented by Trump's son-in-law Jared Kushner at a conference in Bahrain on June 25-26, the blueprint envisions a global investment fund to lift the Palestinian and neighboring Arab economies and is part of broader efforts to revive the Israeli-Palestininan peace process.

  • RIYADH/ AMMAN/ CAIRO, June 23- Arab politicians and commentators greeted U.S. Set to be presented by Trump's son-in-law Jared Kushner at a conference in Bahrain on June 25-26, the blueprint envisions a global investment fund to lift the Palestinian and neighbouring Arab economies and is part of broader efforts to revive the Israeli-Palestininan peace process.

  • *$50 billion plan to be discussed next week in Bahrain. In Israel, Tzachi Hanegbi, a cabinet member close to Prime Minister Benjamin Netanyahu, called Palestinians' rejection of the $50 billion "peace to prosperity" plan tragic. But the lack of a political solution, which Washington has said would be unveiled later, prompted rejection not only from Palestinians but...