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
Israel Steps up Provocations in Southern Lebanon
Israel has escalated its provocations against both the Lebanese government and Hezbollah, targeting the southern town of Nabatieh, intensifying aerial activity, deploying drones over Beirut, and detaining Lebanese citizens.
Thursday, January 30, 2025
Lebanese Judiciary Targets Central Bank Officials in $140 Billion Lawsuit
Lebanon’s judiciary has filed a lawsuit against former and current high-ranking employees of the country’s central bank, holding them accountable for their role in the worst financial collapse in decades. The case, led by Judge Helena Iskandar, accuses former governor Riad Salameh, acting governor Wassim Mansouri, and members of the central bank’s board of negligence, abuse of power, and mismanagement that contributed to the national currency’s dramatic downfall.
Thursday, January 30, 2025
Opinion
Rebuilding Lebanon: A Momentous Opportunity for Institutions to Deliver
Lebanon is an exhausted nation — but also cautiously optimistic. After a presidential vacuum of two years, the parliament elected armed forces commander Joseph Aoun as the country’s 14th President. President Aoun’s exceptional track record as a military leader during an extraordinary period in Lebanon’s history has won him the confidence of the international community and rallied the Lebanese people around him. His presidency, and the subsequent nomination of the reputable academic, diplomat and international judge Nawaf Salam as prime minister, has sparked hope that Lebanon might finally be on path to development and prosperity.
Sunday, January 26, 2025
Lebanon at a Crossroads: A Reform Agenda for Economic and Financial Recovery
Lebanon stands at a crossroads. The country faces an unprecedented series of compounded crises that have shaken its very foundation: a devastating economic collapse that has eroded the value of the Lebanese pound by over 95 percent, a crippling banking crisis that has locked depositors out of their savings, and the lingering effects of a destructive war with Israel. This “perfect storm” has plunged Lebanon into a profound social and economic crisis characterized by soaring poverty, unemployment, and the breakdown of essential services.
Friday, January 24, 2025
Sports
Novak Djokovic Retires from Australian Open Semifinal Due to Injury
Novak Djokovic’s quest for a record 25th grand slam title has been cut short at the Australian Open after he stunningly retired from his semifinal match due to a left leg injury.
Friday, January 24, 2025
Kyle Walker to Join AC Milan on Loan from Manchester City - Sources
Kyle Walker is set to move from Manchester City to Milan after the two clubs agreed terms, sources have told ESPN.
Thursday, January 23, 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.
