Search results
Results From The WOW.Com Content Network
The first reported bank robbery related to the financial crisis occurred in eastern Lebanon in January, when a man held dozens of people hostage for his foreign currency savings. He surrendered to security forces after he was given a portion of his savings. [ 12 ]
Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990 civil war with little to show for their spending binge. Banks, central to the ...
A forensic audit into Lebanon’s central bank by a New York-based company has revealed yearslong misconduct by the bank's former governor and $111 million in “illegitimate commissions ...
A top Lebanese central bank official has been detained pending investigation into the country’s financial crisis, including the free fall of the Lebanese currency, a judicial official said Friday.
The 2024 Lebanon blackout is an ongoing total nationwide power outage across Lebanon that began on 17 August 2024 due to the state electricity company of Lebanon, Électricité du Liban, running out of fuel reserves for its power plants.
In Lebanon's northern city of Tripoli, eight people were reportedly wounded during the clashes, including three members of the Internal Security Forces. [ 521 ] [ 522 ] On 26 January, as the anti-lockdown protests entered their second night, protesters threw rocks and broken glasses at army personnel, who responded with rubber bullets and tear ...
Riad Salameh, Lebanon's former central bank governor arrested on Tuesday on fraud charges, was feted as a financial wizard before his image was shredded by corruption cases at home and abroad and ...
Bundles of Lebanese pound banknotes, their value now drastically reduced. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine.