BEIRUT Lebanon is on the brink of forming a new government, caretaker finance minister Ali Hassan Khalil said on Thursday, as pressure mounts to put forward an economic rescue plan to pull the country out of a deep financial crisis.
BEIRUT Lebanese politicians are to blame for the country's economic collapse, a senior U.N. official said on Wednesday, rebuking a ruling elite that has failed to draw up a rescue plan for a country hit by more violent protests. | Video
BEIRUT Lebanon's Bank Audi is considering selling its Egyptian subsidiary after receiving interest from lenders, its chief financial officer told Reuters, indicating a possible strategy rethink as Lebanon grapples with a financial crisis.
BEIRUT Lebanon's sovereign debt is probably going to be restructured in a way that hurts neither the economy nor depositors, and foreign holders will be repaid, the banking association head said on Monday.
BEIRUT The powerful Lebanese group Hezbollah is working to remove obstacles to a deal on a new government which must be formed as soon as possible to avoid collapse, one of its top officials said on Thursday.
BEIRUT Keeping Lebanon without a government is "increasingly irresponsible", a senior U.N. official said on Wednesday, in tough criticism of Lebanese leaders as their country sinks deeper into crisis without a rescue plan.
BEIRUT Lebanon's newly named prime minister said on Thursday he would quickly form a government to pull the country out of economic crisis after he was designated with backing from Iran-backed Hezbollah and its allies. | Video
BEIRUT The nomination of Lebanon's next prime minister was postponed on Monday as new complications surfaced in efforts to agree a government that is urgently needed to pull the country out of a destabilising economic crisis.
BEIRUT Lebanon's political impasse has deepened after a tentative deal on a new prime minister unraveled, leaving the country rudderless as it grapples with the worst economic crisis since the 1975-90 civil war.
BEIRUT Lebanon appealed to friendly states on Friday to help it import essential goods as it grapples with an acute economic crisis, and official sources said France would convene an international meeting next week to mobilise support for the country.