BEIRUT: A Lebanese academic has warned politicians that the country is at risk from the group Hezbollah, despite various factions coming together to try to launch a rescue initiative, as it struggles to resolve a myriad of crises currently affecting the eastern Mediterranean state. There has been no progress yet on the formation of a new government since the collapse of the previous administration in August, and consequently, no negotiations with the International Monetary Fund over a bailout. American economist Steve Hanke said in a tweet on Monday: “While Venezuela continues to hold the top spot in my world inflation table, Lebanon has finally passed Zimbabwe for 2nd place. It’s rather shocking to watch Lebanon’s politicians fiddle, while Beirut burns.” The inflation rate in Lebanon has now reached around 365 percent.

In light of this stalemate, during a press conference at the Palace of Justice in Beirut on Monday, trade unions, universities, economic organizations, labor bodies and civil society forces launched a national rescue initiative under the slogan “Recovering the State,” while joint parliamentary committees will meet on Wednesday to discuss a new electoral law. The head of the Beirut Bar Association, Melhem Khalaf, said in the press conference: “We want to restore the state by reconfiguring the authority to rebuild the country.” Khalaf added: “The initiative is easy to implement and relates to the size of people’s pain, and is open to constructive discussion in a way that reassures all concerns.” The head of the North Bar Association, Mohammed Al-Murad, explained the details of the rescue initiative. He said that the initiative “includes the necessity to form an effective, purposeful, fair and reliable government of independent specialists with specific and limited legislative powers within a specific time frame.” He added: “Government priorities should an endorsement approving the start of implementing a financial, economic and social rescue plan, achieving full justice for the explosion at the Beirut Port and the implementation of a national plan to combat the coronavirus disease pandemic and limit its spread.”

by arabnews.com — NAJIA HOUSSARI — BEIRUT: Many national celebrations for Lebanon’s 77th Independence Day on Sunday were canceled amid the coronavirus pandemic, the political divide, the economic downturn and the aftermath of Beirut’s port blast on Aug. 4. However, several wreaths were laid on the graves of several independence statesmen, while Army Commander in Chief General Joseph Aoun laid a wreath on the memorial statue of the Lebanese Army martyrs. The civil movement celebrated the day in a different way, suspending brooms and wreaths of basil on the walls of public institutions such as the headquarters of the government, the parliament, the Ministry of Economy, the Bank of Lebanon, the Ministry of Health, the Ministry of Finance, the Palace of Justice, the Ministry of Foreign Affairs, Electricity of Lebanon, the Association of Banks and the Port of Beirut. Basil wreaths are usually placed on the graves of the dead but these carried the demands of the protesters. “We chose this way of expression as we are unable to take to the streets again because of the COVID-19 pandemic. We are sending a clear message to officials that true independence will only be achieved by returning state institutions to the people who are the source of all powers. We wanted to mourn the corrupt authority,” activist Mahmoud Fakih told Arab News.

The Lebanese fear the collapse of their state in the light of corruption, the quotas that hinder the formation of the government and the failure to achieve the reforms required to support Lebanon from abroad. The chaos surrounding Lebanon’s economic crisis has deepened after international firm Alvarez & Marsal terminated its contract to audit the central bank’s accounts. On Sunday, the black market exchange rate for dollars in Lebanon soared to more than 8,400 Lebanese pounds to the dollar. Many activists expressed their indignation on social media. Lawyer and activist Nizar Siagha wrote on Twitter: “The independence of the people from the leaders that have transformed the state into a fiesta is the independence for which we are fighting today, the independence of equality, justice and solidarity without discrimination.” Dr. Suzanne Hosri, a researcher at the Issam Fares Institute for Public Policy and International Affairs at the American University of Beirut, wrote: “This year, I refuse to celebrate or even mention Independence Day. There is no independence before the liberation of the homeland from the corrupt and failed system. There is no sovereignty before holding leaders across the sectarian spectrum accountable for our fear, disease and death. There is no freedom before breaking the shackles of our intolerance and sectarianism toward an open and responsible citizenship capable of defending its dignity and rights. No to a fake and misleading Independence Day!”

by REBECCA ANNE PROCTOR — .arabnews.com — BEIRUT: In the Zero 4 shopping hub in Antelias, a small town just 5 kilometers outside Beirut, Elie Kesrouwany sits at a table sipping his morning coffee, surrounded by stacks of board games. With Lebanon’s economy on the rocks and the coronavirus outbreak forcing stores to close, Kesrouwany’s business, On Board, is one of the few here that remain open. Lying sprawled across the table is a deck of comically illustrated cards from his latest creation: Wasta. The board game, inspired by the anti-government protests that swept Lebanon in October 2019, is an exercise in witty seriousness and black humor. The illustrations, by popular cartoonist Bernard Hage, highlight what many Lebanese view as the bane of their lives: corruption, clientilism and nepotism. Elements of this entrenched culture have also been held responsible for the Beirut port blast on Aug. 4, when nearly 3,000 tons of improperly stored ammonium nitrate exploded, killing more than 200 people and leaving 300,000 homeless. “I wanted to criticize society, particularly present Lebanese society,” said Kesrouwany, who lost several friends in the blast. “We are in huge pain every day. My entire generation has been suffering from our present predicament and these warlords in the government have been there for years sucking the blood of this country.”

Wasta, which takes its name from an Arabic word for political and social influence or sway, is commonly used to denote an individual’s powerful connections used to rig opportunities in their favor. The game was first released in June, two months before the port explosion, and sold out its first batch of 500 units in just two weeks. It has been so popular, particularly among the Lebanese diaspora, that Kesrouwany is now creating an English-language version and an expanded second edition, with new illustrated characters to correspond with the country’s latest travails. Kesrouwany, who worked as a librarian for 17 years before establishing his business, says he has long been a lover of these humble tabletop games — a vanishing pastime in the age of smartphones and gaming consoles. “I began collecting board games in the trunk of my car and would go into coffee shops and offer games for people to play,” Kesrouwany told Arab News. “I then organized board game nights. It was a side gig at the time and one I was greatly passionate about.”

  by arabianbusiness.com — At a time when the economy appears to be falling apart around them, innovative family start-ups are thriving in Lebanon. Despite the ongoing economic crisis, one of the worst in the country’s history, Lebanon is the only country in the Middle East and Africa where more than 50 percent of entrepreneurs […]

by By Tina Abou Rizk — bytheeast.com — Can the Banque du Liban really find a good solution to extinguish all the criticism? As part of a broader push to combat the financial crisis that has engulfed Lebanon, the country’s central bank aims to go high tech by adopting a digital currency. What’s in it for Lebanon? In 2021, Lebanon’s central bank plans on launching a new digital currency to combat the parallel economy as well mitigate issues arising out of the coronavirus-induced Covid-19 financial crisis that has piled on more pressure to Lebanon’s massive debt-piled economy. Addressing a gathering of officials, central bank governor Riad Salameh stated, “We must prepare a Lebanese digital currency project” as a means to shore up and build confidence in the country’s banking system. “As for the monetary supply in the Lebanese market, it is estimated that there are $10 billion stored inside homes,” reported state-run National News Agency quoting Salameh as saying. He went on to add, the digital currency project is scheduled to be launched in 2021 and is targeted at introducing a cashless economy and add resilience to the country’s financial system in order to support, strengthen and enhance the flow of money that flows in the local economy as well as remittances from abroad.

Much of Beirut’s foreign exchange comes from remittances from the country’s global diaspora. Case in point, in 2019, personal remittances represented nearly 14% of the country’s gross domestic product, according to a report from the World Bank. In 2004, it was as high as 26.4%. Lebanon will maintain its gold reserves as a hedge against a a turbulent market, said Salameh. In the event of a demand for liquidity, the central bank could liquidate its bullion on the forex market for immediate relief. “Lebanon doesn’t have any natural resources and we have to keep the gold because its an asset that could be liquidated in foreign markets if we face an inevitable, fateful crisis,” said Salameh to the state-run National News Agency. Incidentally, the plan to introduce a digital currency was in the pipelines since some time with Salameh unveiling the plan in mid-2019 that the monetary regulator was working on the project.

  by naharnet –– A new batch of US sanctions are expected to be issued this week against “one or more” Lebanese political figures, MTV TV channel reported on Wednesday. Quoting a source from the U.S. administration, MTV said the sanctions will be issued in accordance with the Magnitsky Act, without specifying the identity or […]

by NAJIA HOUSSARI — arabnews.com — BEIRUT: Lebanese army helicopters this week began dropping leaflets over city neighborhoods warning residents to observe the lockdown, which includes a 5 p.m. evening curfew. “Remain quarantined at home, COVID-19 is no joke,” the flyers read. Caretaker Prime Minister Hassan Diab said the lockdown will last until the end of the month. “We have reached a critical period regarding the spread of the virus and are left with no alternative,” he said. Lebanon has recorded up to 1,000 daily infections since Saturday. More than 106,440 cases have been reported since the outbreak began in February, while the death toll now stands at 827. “More time is needed to study the results of the lockdown. We will reevaluate the lockdown decision on Friday in order to allow more sectors to resume their activities,” Mohammed Fahmy, interior minister in the caretaker government, said. The rate of compliance with the ministry’s health directives stood at 85 percent, he added.

Fahmy urged private companies and businesses to develop work schedules that will allow employees to return to their homes without risking fines. Security patrols have issued more than 10,000 penalties for violation of lockdown rules since the outbreak began. Breaches included opening shops not included in the exemptions, failure to wear a face mask, and ignoring the night curfew and odd/even number plate rules. Concerning the rate of COVID-19 in jails, Fahmy said that “three weeks ago, more than 500 prisoners were infected, but today there are only 69 cases, one of whom has had to be hospitalized.” Security forces also issued a warning following the discovery of large numbers of fake press passes produced by drivers during the curfew. Many of the forgeries claimed to be linked to bogus electronic news sites. A security source told Arab News that “the holders of these passes were not media, which are excluded from the lockdown.” Security forces have detained a person believed to have issued dozens of fake press passes in exchange for money. “The arrested person has previously obtained passes for dozens of electronic news sites over the years,” Joseph Al-Qusaifi, the Lebanese Press Syndicate chief, said.

by AFP — BEIRUT: Lebanese have poked fun at outgoing interior minister Mohamed Fahmi after he suggested the solution to a ban on deliveries during a coronavirus lockdown was for women to start cooking. Lebanon started a two-week partial lockdown on Saturday to try to stem the spread of the Covid-19 virus as cases topped […]

BEIRUT (AP) — A top Lebanese security official said Saturday that he visited Syria for two days to speak with officials there about American journalist Austin Tice, who has been missing in the war-torn country since 2012. Maj. Gen. Abbas Ibrahim did not give further details in an interview with the local Al-Jadeed television channel, but his comments came two weeks after his return from Washington where he is believed to have discussed Tice’s case with U.S. officials. “After my visit to Washington, I went to Syria for two days and discussions over this matter are continuing and will continue,” Ibrahim said, referring to Tice’s disappearance. Tice, of Houston, Texas, disappeared at a checkpoint in the contested western Damascus suburb of Daraya on Aug. 14, 2012. A video released a month later showed him blindfolded and held by armed men. He has not been heard from since.

Tice is a former U.S. Marine who has reported for The Washington Post, McClatchy Newspapers, CBS and other outlets, and disappeared shortly after his 31st birthday. Ibrahim’s comments came as the Lebanese daily Al-Akhbar reported Saturday that the U.S. Congress could impose sanctions on him, under a new bill being considered. Ibrahim in recent years has helped to facilitate the release of a U.S. citizen held in Syria, and a Lebanese-American who was held in Iran. The U.S. has imposed sanctions in recent months on Lebanese politicians including allies of the militant Hezbollah group. Washington has listed Hezbollah as a terrorist organization since 1997 and sees the group as a proxy for its archenemy Iran in the region. Ibrahim said that U.S. sanctions wouldn’t stop him from working on Tice’s case. “I have promised Austin Tice’s mother whom I met in Washington and speak with her by telephone on a daily basis that neither sanctions nor anything else will affect work over the case of her son,” he added.

by arabnews.com — NAJIA HOUSSARI — BEIRUT: Student elections in Lebanese universities have always been an indicator of political parties’ ability to attract the new generation to their ranks. But the triumph of independents in recent elections at the American University of Beirut (AUB), the Lebanese American University, St. Joseph University and Notre Dame University — Louaize suggests that something has changed. “There’s a major shift in students’ mindset and in the issues they find pressing. They harbor anger toward the system that governs their country,” Dr. Talal Nizameddin, the AUB’s dean of student affairs, told Arab News. Students have described the results of these elections as historic. Political parties “have lost students’ confidence in them,” Dr. Ziad Abdel Samad, social affairs expert and former secretary-general of the Lebanese Association for Democratic Elections, told Arab News.

The parties “are unable to reach” students, he said, “either due to the absence of on-campus life in universities because of the COVID-19 pandemic, or due to the changing mindset of the youth, who are monitoring the role of parties in power, their corruption, and the economic and social crises they led the country to.” He added: “The biggest question remains: Is this shift among university students an indication of a shift in the mindset of all the Lebanese? Meaning, will the independents or partisans win if parliamentary elections are held?” Mohammed Mansour, the Progressive Socialist Party’s youth commissioner, told Arab News: “The revolution and protests have weakened all parties in Lebanon without exception. But the revolution hasn’t presented a clear, consistent program that guarantees a transition toward real change.”