by Gulf news – Joseph A. Kechichian, Senior Writer Beirut: At least six months preparation time will be required before a Lebanese …

By Bethany Allen-Ebrahimian - This article represents opinion of the author

Amid renewed congressional efforts to tighten sanctions on Hezbollah, delegations of Lebanese politicians and bankers descended on Washington in May in an attempt to minimize the effects of any new sanctions on the Lebanese banking sector. A draft amendment known as the Hezbollah International Financing Prevention Amendment Act of 2017, which has not yet been formally proposed in the House, would tighten financial regulations on Lebanese banks and extend scrutiny to Hezbollah allies in order to screen for any illicit funding to groups linked to Hezbollah, which the United States, Israel, the Arab League, and others have designated as a terrorist organization.

The draft, first revealed in Lebanese news outlets in April, quickly attracted opposition there. In an April 28 press conference, Lebanese Prime Minister Saad Hariri said that he hoped to work with U.S. politicians to “change” the bill and that such sanctions would be “harsh on Lebanon,” according to the Beirut-based Daily Star. The banking sector is a mainstay of the Lebanese economy. The delegation of bankers and politicians aimed to convey to Congress that, without amendments, the draft regulations would damage their economy and even the overall stability of the country. Yassine Jaber, a Lebanese politician who visited Washington in May, told Reuters, “There’s one question anyone who wants to put pressure on Lebanon should remember: Do you want another failed state on the eastern Mediterranean?” The draft amendment is the second round in a series of efforts intended to squeeze Hezbollah’s financing. In 2015, President Barack Obama signed into law the Hezbollah International Financing Prevention Act, which had been authored by U.S. Representative Ed Royce, a Republican from California. The new draft amendment aims to further strengthen sanctions on the political group’s financing both in Lebanon and abroad, and is in line with President Donald Trump’s emphasis on fighting terrorism financing, especially groups such as Hezbollah which receive backing from Iran.

by Joseph A. Kechichian, Senior Writer Beirut: Lebanon has been ranked third globally for having the most smokers per capita, according to …

by Asharq Al-Awsat Beirut- Lebanon’s electoral law remains at the center of meetings held between different political parties striving to reach an …