Report: Lebanon judge freezes assets of 5 banks during probe
A Lebanese judge on Monday froze the assets of five of Lebanon’s largest banks and those of their board of directors as she investigates possible transfers of billions of dollars aboard during the country’s economic meltdown. The state-run National News Agency said the decision by Judge Ghada Aoun with Mount Lebanon district court covers real estate, vehicles and shares that the five banks or their directors own in other companies. The move came days after Aoun imposed travel bans on the directors of the five banks.news.yahoo.com
'Get up!' Pope prays that Lebanon can get back on its feet
Pope Francis says he's praying that God will help Lebanon “get up” and get back on its feet following an unprecedented economic crisis that has thrown three quarters of the country’s 6 million people including a million Syrian refugees into poverty.
Lebanese billionaire poised to be named premier-designate
Lebanon’s president is expected to appoint Monday a billionaire businessman and former prime minister as the next premier-designate, after Saad Hariri earlier this month gave up attempts to form a Cabinet amid an unprecedented financial meltdown roiling the country. Najib Mikati’s appointment is likely to come later in the day, following binding consultations between President Michel Aoun and Lebanese lawmakers. One of the richest men in Lebanon, Mikati became a favorite for the post after he was endorsed by most of Lebanon's political parties and also the powerful, Iran-backed militant Hezbollah group.news.yahoo.com
Diplomat tapped to be PM in crisis-hit Lebanon
BEIRUT A Lebanese diplomat was appointed to form a new government in crisis-hit Lebanon on Monday after winning the backing of major political parties. Lebanon's president is holding consultations with heads of parliamentary blocs to designate a new prime minister for the crisis-stricken country, with a career diplomat poised to win the job Monday. Macron and other world leaders as well as the International Monetary Fund have refused to give assistance to Lebanon before its leaders enact major reforms. Former Prime Minister Saad Hariri emerged from his meeting with Aoun on Monday, telling reporters his 18-member bloc had given its backing to Adib. Adib, who has been Lebanons ambassador to Germany since 2013, served as an advisor to one of Lebanons former Prime Ministers, Najib Mikati.