Source: Reuters
The audit had hit a roadblock last year when restructuring consultancy A&M withdrew in November saying it hadn't received the information it needed from the central bank.
Lebanon’s Interior Minister Ahmad al-Hajjar on Monday announced the dismantling of an international drug trafficking network spanning Lebanon, Turkey, Australia, and Jordan, following months of intensive surveillance. The operation led to the arrest of the network’s ringleader and several members, and the seizure of millions of Captagon pills destined for Saudi Arabia.
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The Lebanese Army said on Saturday that it prevented the vessel Hawk III, carrying fuel oil intended for Electricité du Liban (EDL), from illegally leaving Lebanese territorial waters and detained 22 people on board. Three soldiers were injured during the operation, the army added.
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Lebanon’s flag carrier Middle East Airlines — wholly owned by the central bank, Banque du Liban — plans to launch a low-cost subsidiary to serve destinations in the EU and the Middle East in what would be a welcome addition to the sector.
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When Sabah thinks about Lebanon’s turmoil and what lies ahead, she finds herself filled with rage and despair. While much of the world carries on uninterrupted, the lives of tens of thousands of young men and women in the country remain in limbo.
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Manchester City boss Pep Guardiola says the club expects to learn the outcome of the hearing into its 115 charges of alleged Premier League financial rule breaches "in one month".
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Former Brazil and Real Madrid defender Marcelo has announced his retirement from football, bringing the curtain down on a trophy-laden career that included five UEFA Champions League triumphs.
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Tuesday 14 September 2021 11:03:59
Lebanon's outgoing finance minister Ghazi Wazni said on Tuesday a contract for a forensic audit of the central bank would be signed in a few days by the new government with Alvarez & Marsal (A&M).
Prime Minister Najib Mikati put together a new cabinet on Friday alongside President Michel Aoun, naming Youssef Khalil as finance minister.
The audit had hit a roadblock last year when restructuring consultancy A&M withdrew in November saying it hadn't received the information it needed from the central bank.
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