Visit our new website:

Lebanon's Economy Faces Stark Choice: Reform or Collapse

  • Fri, 23 Nov 2018 04:34
Lebanon marked 75 years of independence with a military parade Thursday in Beirut, but many anxious Lebanese feel they have little to celebrate: the country's corruption-plagued economy is dangerously close to collapse and political bickering over shares in a new cabinet is threatening to scuttle pledges worth $ 11 billion by international donors, said a report by The Associated Press on Thursday. The World Bank issued a stark warning last week, with one official saying that unless a government is formed soon to carry out badly needed reforms, "the Lebanon we know will fizzle away." It's الشرق الأوسط


Popular Science

Related Stories

Brexit in disarray as Theresa May faces possible ouster plot
  • Sun, 24 Mar 2019 22:20

Author: ReutersID: 1553429379158283100Sun, 2019-03-24 12:06 LONDON: The United Kingdom’s exit from the European Union was in disarray on ...

New Palestinian PM faces myriad challenges, say analysts
  • Sat, 16 Mar 2019 08:00

Thu, 2019-03-14 22:56 GAZA CITY: Mohammed Ishtayeh, the man charged with forming a new Palestinian government, faces many challenges. Carrying the ...

Boeing faces crisis with worldwide grounding of 737 MAX jetliners
  • Thu, 14 Mar 2019 13:56

Thu, 2019-03-14 04:26 WASHINGTON: The US grounded Boeing Co’s money-spinning 737 MAX aircraft on Wednesday over safety fears after an Ethiopian Air...

100 children, many others feared trapped in collapse of Nigeria building that housed school
  • Wed, 13 Mar 2019 23:08

Author: ReutersID: 1552485717555029500Wed, 2019-03-13 13:28 LAGOS: As many as 100 children and many others were feared trapped on Wednesday...

Seoul calls for three-way talks after Trump-Kim collapse
  • Tue, 05 Mar 2019 09:11

Mon, 2019-03-04 22:12 SEOUL: South Korea has proposed semiofficial three-way talks with the United States and North Korea as it struggles to put nuc...

Lebanese government faces first public dispute between Future Movement and Hezbollah
  • Sat, 02 Mar 2019 06:58

Author: Fri, 2019-03-01 23:28 BEIRUT: Former Lebanese Prime Minister Fouad Siniora has responded to a campaign launched by Hezbollah accusing h...

May’s Brexit deal, no-deal or delay? British PM offers lawmakers a choice
  • Wed, 27 Feb 2019 06:26

Author: ReutersID: 1551199842083791900Tue, 2019-02-26 16:47 LONDON: Prime Minister Theresa May on Tuesday offered lawmakers the chance to v...

Iran faces angry online backlash over activists’ abuse claims
  • Mon, 18 Feb 2019 21:43

Author: REUTERSID: 1550445720653447200Mon, 2019-02-18 02:21 GENEVA, LONDON: In early January, labor activist Esmail Bakhshi posted a letter...

Erdogan visits site of Turkey building collapse; death toll 17
  • Sun, 10 Feb 2019 09:33

Author: Sat, 2019-02-09 22:44 ISTANBUL: Turkey’s president on Saturday visited the scene of the apartment building collapse in Istanbul for th...

UN urges Lebanon’s parties not to back foreign conflicts
  • Sun, 10 Feb 2019 08:02

Sat, 2019-02-09 23:02 UNITED NATIONS: The UN Security Council called on all Lebanese parties on Friday to implement a policy disassociating themselve...

In rural Tunisia, inheritance reform offers women rare boost
  • Fri, 25 Jan 2019 10:42

Author: Caroline Nelly Perrot | AFPID: 1548386426715800600Fri, 2019-01-25 03:10 JENDOUBA, Tunisia: Tunisian divorcee Latifa counts herself ...

Argentine bank president says economy healing
  • Wed, 23 Jan 2019 23:48

Author: Wed, 2019-01-23 17:30 DAVOS: Guido Sandleris, president of the Central Bank of Argentina, says the country is “much better prepared”...