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.
Security & Justice
Lebanon Says One Dead in Israeli Strike in South
Lebanon's health ministry said an Israeli strike in south Lebanon on Wednesday killed one person, a day after a similar raid killed two despite a ceasefire between Israel and Hezbollah.
Wednesday, April 16, 2025
Defense Minister Condemns Cabinet for Overlooking Army Pay While Funding Private Company
Defense Minister Michel Menassa took aim at the Cabinet this week over its refusal to approve a pay raise for Lebanese Army personnel, criticizing what he described as chronic neglect of the military even as the government allocates substantial funds to private firms for tasks the army could perform.
Tuesday, April 15, 2025
Opinion
A Roadmap for Post-Conflict Economic Recovery in the Middle East
Rebuilding economies after conflict is a daunting challenge, especially in the Middle East, where decades of war have left lasting scars on economic structures and societies. Amid a shifting political landscape, a critical window of opportunity has emerged to support post-conflict recovery. International financial assistance will be crucial, yet the key question remains: how can reconstruction efforts and implementing policies deliver sustained economic performance and improve people’s lives? The high cost of inaction not only increases the risk of reverting to instability but also erodes the confidence of both international and regional stakeholders. Genuine recovery requires more than short-term financial injections; it demands a comprehensive approach that focuses on rebuilding institutions, implementing long-term reforms and fostering economic resilience.
Tuesday, April 8, 2025
Can Lebanon’s New Central Bank Governor Break the Cycle of Economic Crisis?
As Lebanon faces up to its broken finances, neglected infrastructure and postwar reconstruction, the appointment of Karim Souaid as the new central bank governor marks an important step toward economic recovery.
Tuesday, April 1, 2025
Sports
First Place on the Line in Madrid Derby as Real and Atletico Squabble Over Refereeing
Real Madrid and Atletico Madrid meet in their second derby of the season with the Liga lead on the line and the focus on refereeing. Real Madrid has spent the days ahead of Saturday’s match complaining of mistakes against the club.
Thursday, February 6, 2025
Zhou Guanyu Joins Ferrari as a Reserve Driver for 2025 F1 Season
The first Chinese driver in Formula 1, Zhou Guanyu, is heading back to Ferrari as one of its reserve drivers for the 2025 season.
Wednesday, February 5, 2025
Tuesday 14 September 2021 11:03:59
Lebanon to Sign Contract for Central Bank Audit in Days
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.
