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Lebanon's financial prosecutor freezes assets of 20 banks

Lebanon’s financial prosecutor froze the assets of 20 Lebanese banks, their top bosses and board members as part of a probe, state media and judicial sources said on Thursday. Local banks are at the heart of a financial crisis crippling Lebanon as the clock runs down on its looming debt...

Syria air defences in action after Israel strike

Israeli fighter jets fired missiles towards military positions in central Syria early on Thursday, according to Syrian state media and an opposition war monitor. State news agency SANA said that Israeli warplanes launched the missiles while flying over Lebanon's airspace, and reported...

IMF deal seen as only way out for Lebanon

The Lebanese government must swallow its misgivings and reach a rescue deal with the International Monetary Fund (IMF) or risk economic implosion and further turmoil, economists, diplomats and politicians said. Privately, some government officials acknowledge that an IMF bailout is the most...