FM affirms Egypt’s support for Lebanon

Fri, 23 Sep 2022 - 10:41 GMT

Egyptian Foreign Minister highlighted the importance of completing the constitutional obligations to achieve stability in Lebanon, Abu Zeid added.

Gas deal between Egypt, Lebanon stalled because of WB new terms: Minister

Mon, 19 Sep 2022 - 10:06 GMT

He added that the World Bank has set a ten-term condition, the most prominent of which is increasing the tariff price. He noted that Lebanon already has formulated how the new tariff will cover the expenses.

Lebanese investments in Egypt amount to $1.2B, trade exchange records $580M

Mon, 19 Sep 2022 - 03:17 GMT

Samir elaborated that Lebanon ranks 13th for the countries investing in Egypt.

Lebanese investors keen on tapping Egyptian market: Official

Sun, 18 Sep 2022 - 04:35 GMT

Shuqair urged investors to visit new economic zones in Egypt to get firsthand information about the volume of achievements there.

Lebanon banks closes its doors after repeated storming incidents, officials appeals to depositors to avoid violence

Sat, 17 Sep 2022 - 05:43 GMT

Lebanese Minister of Interior, Bassam Mawlawi, appealed to depositors of Lebanese banks not to use violence to restore their money.

Lebanese citizen breaks into bank with fake gun to withdraw her deposit

Wed, 14 Sep 2022 - 05:34 GMT

Hafez attributed her action to the inability to pay the cost of the treatment of her ill sister, which pushed her to withdraw her frozen deposit.

Elissa to perform in Lebanon on July 30

Sun, 17 Jul 2022 - 09:00 GMT

Elissa to perform in Lebanon on July 30

US welcomes Egypt-Lebanon-Jordan gas deal

Thu, 23 Jun 2022 - 12:03 GMT

Egypt, Lebanon and Syria, on June 21, signed an agreement to transport 650 million cubic meters of gas annually from Egypt to Lebanon via Syria, in a ceremony held at the Lebanese Ministry of Energy in Beirut.

Egypt signs agreement with Lebanon, Syria to supply natural gas

Tue, 21 Jun 2022 - 03:17 GMT

Under the agreement, the gas will be pumped through a pipeline to the Deir Ammar power station in northern Lebanon, where it can add about 450 megawatts to the grid, equivalent to about four additional hours of electricity per day.

Egypt, Lebanon to sign deal on gas exportation on June 21

Fri, 17 Jun 2022 - 05:02 GMT

The deal would ease the electricity crisis that the Lebanese people are suffering from.

Egypt's Social Solidarity Minister offers brokering cooperation between Egyptian, Lebanese social solidarity

Sun, 12 Jun 2022 - 05:13 GMT

Qabaj visited the Lebanese capital, Beirut, within the delegation of the executive bureau of the Council of Arab Ministers for Social Affairs.

Lebanese expats in Egypt cast votes in parliamentary election

Fri, 06 May 2022 - 01:06 GMT

Lebanese diaspora in eight Arab countries (Egypt, Saudi Arabia, Syria, Kuwait, Qatar, Bahrain, Jordan, Oman, and Baghdad) along with Iran cast their votes on Friday. Meanwhile, the other expats in other 48 countries will cast their ballots on Sunday.

Egypt offers condolences to Japan, Lebanon for victims of two capsized boats

Sun, 24 Apr 2022 - 02:24 GMT

“Egypt affirms its support for Lebanon in this painful incident, wishing a speedy recovery for the survivors and the injured, stressing at the same time the need for concerted efforts by the international community to put an end to the phenomenon of illegal immigration boats,” the statement said.

Mahmoud Ezat sentenced to life in 'Border Infiltration' case

Sun, 17 Apr 2022 - 11:54 GMT

Mahmoud Ezat is the former deputy Supreme Guide of the outlawed Muslim Brotherhood.

Lebanese Minister of Petroleum thanks President Sisi for his supporting stance

Fri, 15 Apr 2022 - 04:00 GMT

Egypt’s Minister of Petroleum Tarek El Molla, received on Friday his Lebanese counterpart Walid Fayyad and the accompanying delegation, currently visiting Cairo.

Beirut to sign contract to import gas from Egypt soon: Lebanese Energy Minister

Sat, 09 Apr 2022 - 11:27 GMT

Lebanese Energy Minister Walid Fayad said his country is close to signing a contract in the coming days to import natural gas from Egypt after getting the World Bank's funding.

Governor of Banque du Lebanon denies bankruptcy of central bank

Tue, 05 Apr 2022 - 02:05 GMT

Salama clarified that the Banque du Lebanon is still exercising its role entrusted to it under Article 70 of the Monetary and Credit Law, explaining that it will continue to do so, despite the losses that afflicted the financial sector in Lebanon.

After Lebanese statement, what does state bankruptcy mean?

Mon, 04 Apr 2022 - 03:33 GMT

According to the Corporate Finance Institute, bankruptcy means the government fails to make debt and interest payments when due. Failure to pay debts owed to creditors may be accompanied by an official announcement by the government that it will not pay the outstanding debts, or it may sometimes occur without any official announcement.

Lebanon deputy PM announces country’s bankruptcy, voices hope over IMF deal

Mon, 04 Apr 2022 - 02:10 GMT

Lebanese Deputy Prime Minister Saada Al-Shami announced, Monday ‘the bankruptcy of the state and the Central Bank of Lebanon’.

Egyptian head of state discusses supporting Lebanon's stability with Maronite Patriarch of Antioch

Mon, 21 Mar 2022 - 12:11 GMT

The president received Cardinal Bechara Boutros al-Rahi, at Al Itihadiyah Presidential Palace.