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How Lebanon’s banks can get money back to depositors

One of the biggest names in the stricken financial sector calls for 'hope' amid the crisis that has reduced millions to poverty and ruined the country's reputation. There is now a detailed plan.

Salwa Baalbaki 20 July 2024
Lebanon's outgoing central bank governor Riad Salameh. Reuters

Salameh gives farewell interview steeped in contradictions

Lebanon's central bank governor leaves office after three decades, leaving depositors and the fate of their life savings in the hands of a crude ruling elite

Toufic Chanbour 31 July 2023
The reputation of monetary and financial policymakers can shift over time. For the governor of Lebanon's central bank, his has collapsed more suddenly, along with the country's financial sector. Axel Rangel Garcia

How a central bank’s failings led to Lebanon’s financial collapse

The reputation of monetary and financial policymakers can shift over time. For the governor of Lebanon's central bank, his has collapsed more suddenly, along with the country's financial sector.

Toufic Chanbour 08 May 2023
Lebanese Central Bank Governor Riad Salameh stands next to gold at the central bank in Beirut, in this handout picture obtained by Reuters on November 24, 2022. Lebanon central bank/Handout via REUTERS

Lebanese Prosecutor Seeks to Question Actress in Salameh Graft Probe

A Lebanese prosecutor said on Thursday she had ordered security forces to bring in for questioning a Lebanese actress for whom central bank chief Riad Salameh was suspected of buying luxury property…

08 December 2022
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Politics

Red Sea defence alliance: opportunities and challenges

08 August 2026

Does the declaration recently signed in Riyadh indicate a gradual transition towards a regional security architecture that will assume responsibilities long borne by external naval powers?

Amgad Fareid Eltayeb
The general manager of the Ras al-Khair water desalination plant inspects drinking water from a tap at the facility in eastern Saudi Arabia on 30 March 2023. FAYEZ NURELDINE / AFP
Business & Economy

The Gulf’s race for water security

10 August 2026

Desalination plants and strategic reservoirs are becoming sovereign assets, but this also makes them vulnerable to attack

Turki Harbi
Opinion

What the Makkah Agreement means for Syria

09 August 2026

The new military pact among Saudi Arabia, Pakistan, and Türkiye could potentially create a regional environment favourable to Damascus

Ibrahim Hamidi
Michigan Democratic Senate primary winner Abdul El-Sayed arrives at a press conference in front of the Spirit of Detroit statue on 5 August 2026, in Detroit, Michigan. Finn Gomez/AFP
Profiles

Abdul El-Sayed: the progressive Michigander who beat the pro-Israel lobby

07 August 2026

Come November, the Egyptian-American epidemiologist could become the first Muslim senator in US history, despite $70mn spent to defeat him in the Democratic primary

Tarek Rashed
Migrants walk towards the Fnideq region in northern Morocco after leaving Spain's North African enclave of Ceuta following an attempted crossing at the Bab Sebta border crossing, on the outskirts of Fnideq, on 1 August 2026. Abdel Majid BZIOUAT / AFP
Culture & Social Affairs

The Ceuta tragedy: illusory homelands and unattainable paradises

05 August 2026

Where social media offers magic solutions, the real world delivers slammed doors

Samer Abou Hawwach

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OPINIONS

Assad sentenced to death in absentia

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Fares Garabet

Makkah diplomacy and the New Middle East

Zaid bin Ali al-Fadhil
Zaid bin Ali al-Fadhil

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Jay Clayton: the new US Director of National Intelligence

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Stefanie Butendieck Hijerra
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