A year after Wassim Mansouri became governor of the Bank of Lebanon, depositors remain disappointed. His is an unenviable task, upon which rest the hopes of many, but reform is needed
The Banque du Liban's reputation at home and abroad is in tatters. To restore it, the next governor should be exceptional – independently minded, able to say 'no' and perhaps even a foreigner.
Circular 165 is, at first glance, a technical note on procedure from the embattled central bank. But its proposals to attract dollars will have immediate and far-reaching consequences.
During a meeting of EU Foreign Ministers in Brussels earlier this week, the French Foreign Minister Jean-Yves Le Drian called for the EU to start the process of imposing sanctions on Lebanese…
The strait carries up to 20% of the world's oil exports at around 20 million barrels of oil each day. Any closure could cost the global economy greatly, even if only for a short time.
For decades, Iran's supreme leader—first Khomeini, then Khamenei—pursued a strategy of backing regional militias to fight Israel, but with the 'resistance axis' in tatters, Iran is left to fight alone