Lebanon's new government is committed to implementing key reforms to lift the country out of its economic crisis, but the nation's new economy minister said such changes could take time ...

S&P raised its long-term local currency sovereign credit rating on Lebanon to 'CCC' from 'CC' and affirmed its short-term ...

The World Bank estimated Lebanon's cash economy to be at around $9.9 billion, or 45.7 percent of GDP in 2022. "Cash economies make it easier to conceal the source of funds for illicit and illegal ...

Lebanon's financial crisis has been aggravated by vested interests resisting crucial reforms, the International Monetary Fund (IMF) said on Thursday, warning that no action could lead the country ...

Lebanon adopts ‘dollarization’ as currency, economy crumble Store displays advertising in Arabic that reads “Italian clothes and shoes for 9.99 $” in Beirut, Lebanon, Wednesday, March 1, 2023.

The Lebanese pound has lost as much as 98% in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars to bypass what’s seen as a nearly useless currency.

Lebanese government bonds extended their three-month-long rally on Thursday as the crisis-ravaged country's parliament voted in a new head of state for the first time since 2022.

Lebanon appointed BlackRock Inc. money manager Amer Bisat as economy minister, making him a key figure in a new government that will attempt to pull the country out of one of the world’s worst ...

Lebanon reached a draft funding deal with the International Monetary Fund in 2022 that was billed as a lifeline for the country, but it was conditioned on changes, including addressing the country ...

When Moheidein Bazazo opened his Beirut mini-market in 1986, during some of the fiercest fighting in Lebanon's civil war, he didn't expect it to thrive. But several years later, he had shelves ...