Source: Kataeb.org
Security & Justice
Southern Lebanon Endures Massive Damage: 40,000 Homes Leveled Across 37 Towns
Israeli forces have systematically destroyed entire neighborhoods in southern Lebanon, leveling more than 37 towns and wiping out over 40,000 residential units, according to Lebanon's National News Agency.
Tuesday, November 5, 2024
Gaps in Coastal Radar Enabled Israeli Raid in Batroun, Army Commander Says
Lebanon’s army chief, General Joseph Aoun, detailed to Caretaker Prime Minister Najib Mikati how Israeli forces likely exploited gaps in the country's coastal radar system during the recent raid carried out in Batroun. The briefing comes as Lebanese officials seek answers on how Israel’s elite Shayetet 13 unit carried out the landing undetected.
Monday, November 4, 2024
Opinion
The Emptying of Baalbek Is a Moment to Take Stock
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
A Future Without Hezbollah
At the end of September, when Israel’s campaign to destroy Hezbollah was reaching its height, I met one of the group’s supporters in a seaside café in western Beirut. He was a middle-aged man with a thin white beard and the spent look of someone who had not slept for days. He was an academic of sorts, not a fighter, but his ties to Hezbollah were deep and long-standing.
Thursday, October 31, 2024
Sports
Tottenham Forward Son Heung-min Crowned Asia’s International Player of the Year
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 2024
Real Madrid Launch Investigation into Racist Insults After El Clasico Defeat
Real Madrid has launched an investigation into racist insults directed at players during Saturday’s 4-0 home loss to Barcelona in LaLiga, it said on Sunday.
Monday, October 28, 2024
Friday 8 September 2023 13:00:34
Hakim: Dealing with Bloomberg Is Positive But Not Reformative
After the government's decision to adopt the Bloomberg Global Trading Platform, it is expected to initiate a new financial path aimed at replacing Sayrafa platform, which ceased pumping dollars into the market at the end of the term of Lebanon's central bank governor, Riad Salameh, in July of last year.
Regarding the operation of the new platform and its impact on the financial markets, Former Economy Minister Alain Hakim told "Rai Seyasi” newspaper: "There are no specific criteria for Bloomberg platform that is expected to be operational within a deadline of no more than two months to complete the arrangements and logistical procedures."
He explained that the platform is specialized electronic software for foreign exchange or metal trading operations, indicating that there is no direct connection between Bloomberg and the Sayrafaa platform which was established to meet the daily currency needs of the market.
Hakim believed that the Bloomberg platform will provide information on the sources and movement of most dollars present in the Lebanese market..
“If the state needs dollars, it can obtain them through this platform, which will be under the supervision of Lebanon’s Central Bank. This platform will be closely monitored,” he noted.
“The decision to establish this platform is one of the demands of the International Monetary Fund. Additionally, it will be subject to U.S. oversight and will serve as a tool for transparency and market control in Lebanon, which is suffering from a "cash" crisis, potentially reducing the cash dollar flow in the market,” he explained.
The Former Minister denied that this platform would have any impact on the exchange rate of the dollar.
He indicated that it would aid in monitoring, something that could have been achieved within the framework of the Lebanese stock exchange, which is not currently in use but is expected to be used in the second phase.
Hakim expressed his belief that the impact of Bloomberg platform on the exchange rate might become somewhat noticeable in the long term, emphasizing that no platform or mechanism can substitute for reforms, financial injections, and investments.
