by english.aawsat.com -- The judicial investigator probing the Beirut port explosion, Judge Fadi Sawwan summoned former public works minister Youssef Fenianos and the port’s former customs chief Moussa Hazimeh to appear for interrogation next Thursday, Lebanon’s National News Agency said on Monday. Six months after one of the largest non-nuclear explosions on record, which injured thousands of people, victims are still awaiting the result of the investigation, although Lebanese leaders had promised it would come within days. Sawwan had already called former finance minister Ali Hassan Khalil, along with former public works ministers Ghazi Zoaiter and Fenianos for questioning over the blast. However, Zoaiter and Hassan Khalil refused to attend the questioning, saying that as current members of parliament, they enjoy immunity.

The highly explosive chemicals that triggered the Beirut port explosion last August 4 were stored for years in poor conditions at the port, which lies in the heart of the capital. Since August, Sawwan has brought charges against 37 people. But many Lebanese remain skeptical that senior politicians will be held to account, fearing the truth will never emerge from a system riven by corruption. Lebanese authorities have failed in the past six months to deliver any justice for the catastrophic explosion, Human Rights Watch said in a report released early this month.

BEIRUT (Reuters) - Lebanon's Hezbollah leader Sayyed Hassan Nasrallah on Tuesday dismissed accusations of any links between the group and the killing of researcher and activist Lokman Slim. "Any incident that happens in your area then you are accused until the opposite is proven? Is this something that is practiced in the whole wide world? Where else is this logic present?" Nasrallah said in a televised speech. Activist Lokman Slim was shot and found dead in his car in south Lebanon earlier in February, marking the first killing of a high-profile activist in years. He was a critic of the Iran-backed Hezbollah group. His sister has suggested he was murdered because of those views. Hezbollah has previously condemned the killing.

A filmmaker and publisher, Slim had spoken out against what he called Hezbollah's intimidation tactics and attempts to monopolise Lebanese politics. Nasrallah was also critical on Tuesday about blame pointed at the group for involvement in the Aug. 4 Beirut blast that killed 200 people. "Hezbollah is guilty until proven otherwise - what kind of a rule is that? ...Beirut port - you, Hezbollah, blew up Beirut port until the truth about the explosion is revealed," he said. The judicial investigation into the blast is still under way in Lebanon with judge Fadi Sawan having charged caretaker Prime Minister Hassan Diab, whose cabinet quit after the blast, and three former ministers with negligence. Sawan is due to interrogate one of the three former ministers, Youssef Finianos, a Hezbollah ally sanctioned by the United States for his links to the group that Washington considers a terrorist organisation.

by thearabweekly.com -- BEIRUT - Paralysed by financial crisis and riven with political risk, a number of Lebanon’s banks are struggling to meet a Central Bank target to raise their capital defences by 20% by the end of this month. Less than half of the country’s dozen or so large banks are expected to meet the requirement, which the central bank set in August to reinforce the sector, according to four banking sources with direct knowledge of the situation. Those that are on track to meet central bank targets have largely tapped existing shareholders or depositors, converting local dollar deposits into equity instruments or sold overseas businesses. The situation underscores the scale of the problem facing Lebanon’s banks, heavily exposed to one of the world’s most indebted states and starved of funding. Their customers have largely been frozen out of their dollar deposits and blocked from transferring cash abroad since late 2019.

Given the wall of losses facing the sector, some investors and economists say it’s too little too late anyway. The 20% target laid down by Riad Salameh, Lebanon’s veteran Central Bank governor, is equivalent to around $4 billion, he confirmed to Reuters. That is far short of the $83 billion hole in banks’ balance sheets estimated by the outgoing government last year as part of a financial rescue plan it had drawn up. — ‘All insolvent’ — “They are all insolvent,” said Mike Azar, a debt finance advisor and a former lecturer in international economics at John Hopkins School of Advanced International Studies. “There’s no prospect for recovery as things stand, until there is a sector-wide bank resolution and restructuring and finally a fresh capital raise.”

By NAJIA HOUSSARI - arabnews.com -- BEIRUT: Lebanese President Michel Aoun has blasted Prime Minister-designate Saad Hariri for a speech containing “inaccuracies and incorrect information.” The two leaders have been at loggerheads for months, unable to agree on the formation of a government and each blaming the other for the lack of progress. Hariri returned as prime minister-designate last October, almost a year after he stepped down under street pressure. Lebanon’s government had quit after the Aug. 4 port blast in Beirut and remains in a caretaker capacity. Hariri on Sunday gave a televised speech marking the 16th anniversary of his father’s assassination. He said he was not responsible for the political stalemate that was undermining the country’s ability to deal with the many troubles it was facing, including the coronavirus pandemic, an economy in crisis and the aftermath of the port explosion. He also objected to allegations that he had infringed on the president’s prerogatives in forming the government or on Christians’ rights, but added that he “did not allow the president to choose the ministers he wanted, especially Christian ministers.”

A 1943 unwritten agreement, the Lebanese National Pact, between then-President Bechara El-Khoury and Prime Minister Riad Al-Solh founded independent Lebanon as a multi-confessional state. It was a power-sharing arrangement between Christians and Muslims, whereby the president was always required to be a Maronite Christian, the prime minister a Sunni Muslim, and the speaker of parliament a Shiite. Aoun hit back at Hariri in a statement. “Hariri exploited the anniversary of his father’s martyrdom and included in his speech many inaccuracies and incorrect information. Hariri is trying to impose new norms that are contrary to principles, the constitution, and the Lebanese National Pact,” the president said.