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Lebanon has highest loan penetration rate in the Arab world

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Lebanon came in behind Saudi Arabia for highest depositors’ penetration rate among Arab countries. (File photo)

Figures issued by the International Monetary Fund show that there were 294.2 borrowers per 1,000 adults at commercial banks in Lebanon at the end of 2014, constituting an increase of 4.8 percent from 280.7 in 2013 and compared to 179.1 in 2005. The borrowers’ penetration rate ranks Lebanon in 26th place globally among 88 countries with available figures for 2014, in 14th place among 29 upper-middle-income countries and in first place among nine Arab countries.

Globally, Lebanon had a higher penetration rate than Azerbaijan, Bosnia and Herzegovina and Paraguay, and a lower rate than Macedonia, mainland China and Thailand. It also had a lower rate than Turkey, Uruguay, Serbia, Chile, Brazil, Malaysia, Palau, Argentina, Latvia, Venezuela, Macedonia, mainland China and Thailand among UMICs.

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Lebanese Red Cross praised for professionalism, neutrality during Beirut demos

By Soraya Dali-Balta, IFRC 

For the past weeks, many Lebanese citizens have been taking to the streets of the capital Beirut to protest the trash crisis and the living conditions in the country. But the sit-ins have frequently turned into clashes between some demonstrators and state forces, leaving dozens of people from both sides with minor to severe injuries.

Through it all, the Lebanese Red Cross has been present on ground, deploying numerous teams of Emergency Medical Technicians, headquarter staff, dispatchers, along with a fleet of several ambulances, a Mobile Command Vehicle, and a Mobile Dispatch Unit. The National Society also placed several additional teams and ambulances on standby, in case the situation on ground unexpectedly escalated.

Mr Abdullah Zgheib, the head of emergency teams at the Lebanese Red Cross, said of the intervention: “In addition to the teams present on ground, a field hospital was set up to treat all people injured during the protests.”

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A chessboard Middle East: Russia’s pawn is Syria and U.S. is in a stalemate

MODERN Syria is dead. Russia’s intervention into the bloody four-year conflict cements that reality. Now U.S. policymakers must plan for what comes next. And it’s not pretty.

Officially, the Russians say they entered Syria to fight the radical Islamic State. But they come at the invitation of Syria’s besieged president, Bashar al-Assad, and Russian bombing runs targeting U.S.-backed rebel forces underscore the fact that Russian President Vladimir Putin’s intervention is really about propping up the Assad regime, Moscow’s only ally in the region.

That pits Washington, D.C., and Moscow in a proxy war reminiscent of conflicts in Southeast Asia and Africa during the Cold War, and it limits the West’s military options in supporting the anti-Assad rebellion and forcing Assad to step down.

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Russian jets block Israeli jets of flying over Lebanon

Russian forces sent out a warning to the Israeli Air Force after Israeli jets were detected near Russian controlled airspace near the Syrian–Lebanese border, Lebanese media outlet As Safir reported Friday. The warning was issued after a Russian radar system spotted Israeli jets approaching Russian-controlled airspace two weeks ago, a Lebanese diplomatic official said, according […]

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Risking lives, Lebanese start to follow steps of Syrian refugees on illegal EU trip

by Salah Takieddine

 BEIRUT, Oct. 17 (Xinhua) — The wave of illegal immigration to the European Union (EU) countries witnessed a remarkable increase during the past few weeks as Lebanese started to follow the steps of the displaced Syrians who decided to take a dangerous adventure that may lead to a better life.

 Lebanese security sources confirmed to Xinhua on condition of anonymity that about 1500 citizens in Tripoli, the largest city in the north, left during the past two months for Turkey, where they would board small ships to transport them to the Greek shores before they start their adventure towards the northern European countries, particularly Germany.

 The sources added that this illegal and dangerous adventure cost last week the lives of a Lebanese family of nine people when the small ship they were on sank before reaching the Greek shores.

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Father Jacques Mourad escapes Islamic State militants with help from a Muslim friend and the Virgin Mother

By Kenya Sinclair (CALIFORNIA NETWORK)

LOS ANGELES, CA (Catholic Online) – Father Jacques Mourad is a Syrian priest who was captured in May. He believed he would die for his faith and told Italian TV 2000 "This is the miracle the Good Lord gave me: while I was a prisoner I was waiting for the day I would die, but with a great inner peace. I had no problem dying for the name of Our Lord; I wouldn’t be the first or the last, just one of the thousands of the martyrs for Christ"
He was one of two men captured on May 21 when militants entered the Monastery of Mar Elian in Al Qaryatayn. Mourad described his captivity, saying, "The first four days we were in the mountains, locked up in the monastery’s car we were captured in. On Aug. 11 we were taken to near Palmyra, where there are 250 other Christian prisoners from the city of Al Qaryatayn."

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Church to be built in Egypt in honour of Christians killed by ISIS

Catholic Herald – catholicherald.co.uk A church dedicated to Christians who were murdered by militants allied to ISIS  is to be built in Egypt.Twenty-one martyrs were beheaded on a beach in Libya in February. Work began on the foundations of the new church in the Coptic Orthodox Diocese of Samalout earlier this year.

Bishop Paphnutius of Samalout said: “We are extremely proud of our martyrs. Although they were forced to kneel before their executioners, they were the stronger. Their murderers were the weaker, despite their weapons. Why would they have concealed their faces otherwise? It could only have been because they were afraid. Our sons by contrast were very strong and called on our Lord until their very last breath.”

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24% Of Syrian Refugee Girls In Lebanon Forced To Marry Before 18. Here’s Who’s Helping

huffington post

Syrian children are at risk of becoming the “lost generation,” an issue that’s of particular concern among girls who are being forced to wed at staggering rates.

In Lebanon, 24 percent of Syrian refugee girls are getting married before they turn 18, according to a study by the University of St. Joseph in Lebanon. Impoverished parents there often see no choice but to find husbands for their daughters, even though resorting to such measures puts the girls at serious health risks, in addition to denying them education and economic opportunities.

  Nour, 13, sits with her 27-year-old husband inside their dwelling in Jeb Janine, Bekaa Valley. Nour and her family, who are refugees from Raqqa Governorate, fled their homeland four years ago.

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Nuclear deal brings advantage to region: Lebanese PM

TEHRAN, Oct. 17 (MNA) – Lebanon’s prime minister has praised Iran’s nuclear deal and deemed it as an opportunity for expansion of bilateral ties.

The Prime Minister of Lebanon Tammam Salam received Iran’s Chairman of Parliament’s National Security and Foreign Policy Commission Alaeddin Boroujerdi and his accompanying delegation on Friday. 

Noting Iran’s vital role in the region, he asserted “due to its superior position in the region and interest in in stability and security in Lebanon, we call for Iran’s help in election of our new president.”

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