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
Tuesday 23 August 2022 11:17:58
Tawile Says Ruling Elite Will Fail to Protect Small Depositors
Head of the Kataeb’s Economic and Social Council Jean Tawile on Tuesday said that the ruling system was still wasting time as usual while the country is losing between 20 to 30 million dollars every single day.
“Is it possible that 3 years after the outbreak of the most severe economic crisis in the history of the world, a government has not been formed yet to assume its reform responsibilities?” Tawile said in an interview with Nidaa Al Watan Newspaper.
“Today, Banque du Liban might intervene and inject the dollar on Sayrafa platform to reduce the exchange rate (that will be at the expense of the remaining rights of depositors) and to enlarge the cash gap as we are expected to end the year with a gap of $80 billion. This will exceed the size of the economy by 5 times after the gap (the difference between the assets and liabilities of the Central Bank towards banks) that has not exceeded $45 billion at the beginning of 2020,” he added.
“This means the inability to implement all the promises made to protect small depositors and the false allegations of the possibility of compensation, at least with 100,000 dollars for each depositor. The funds for this operation, which exceed 30 billion dollars, are no longer available and it is almost impossible to secure them,” he pointed out.
According to Tawile, the State continues to adopt stopgap solutions that exacerbate the problem.
“For example, the Central Bank continue to print large quantities of the national currency in a bid to cover the expenses of the public sector, especially the salaries of employees despite their strike," he said.
"Instead of implementing serious reforms that ensure the continuity of the facility and do not exhaust the economy and weaken the purchasing power, they are turning to another stopgap solution by raising the customs dollar with all the repercussions it would cause for the economy. From a long point of view, they are betting on the gold reserves after running out of U.S Dollars from the remaining mandatory investments and special drawing rights,” he concluded.