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Banque du Liban asks banks to recapitalize

Lebanon's central bank issued a circular Thursday asking banks to recapitalize as part of reviving the banking sector which has been badly hit by the financial meltdown. The circular said banks must urge depositors who transferred more than $500,000 abroad as of July 1, 2017 to deposit...

Germany, Israel agree continued Iran arms embargo important

Foreign Minister Heiko Maas agreed with his Israeli counterpart Thursday that an effort must be made to extend a weapon embargo on Iran, while stressing Germany still sees the landmark 2015 deal between Tehran and world powers as the best way to prevent the country from obtaining a nuclear...

Lebanon risks disappearing without new gov't: France

 France's foreign minister said Thursday that Lebanon risked disappearing due to the inaction of its political elite who needed to quickly implement a new government to implement crucial reforms for the country. "The international community will not sign a blank check if the they...