Depositors Storm 4 Lebanese Banks, Demanding Their Own Money
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
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Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Hours after the recent protest, Parliament passed the 2022 budget, a key demand by the International Monetary Fund, with 63 legislators voting in favor, 37 voting against and six abstaining. The new budget will calculate customs tax revenue at 15,000 Lebanese pounds to the dollar at a time when the black market rate is more than double that at about 37,000 pounds to the dollar. Since the meltdown began three years ago, the customs tax revenue was calculated at the official rate of 1,500 pounds to the dollar.
BEIRUT (AP) — Lebanese army retirees scuffled with parliamentary guard troops as they briefly broke through a cordon leading to Parliament in downtown Beirut during a rally Monday. They were protesting their decimated monthly pay amid the country's economic meltdown.
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Lebanese army retirees scuffled with parliamentary guard troops as they briefly broke through a cordon leading to Parliament in downtown Beirut during a rally Monday over their decimated monthly pay amid the country's economic meltdown.