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Israel hits Iran-backed posts in Syria

 Israeli warplanes carried out airstrikes early Thursday near Damascus, wounding eight soldiers, Syrian state media said, while an opposition war monitoring group said the strikes targeted army positions as well as Iran-backed fighters, killing 12. The state news agency SANA said the...

Lebanon struggles over Eurobond decision as clock runs down

Lebanon's cash-strapped authorities are struggling to decide what to do about a $1.2 billion Eurobond maturing in March but are leaning towards repayment for foreign holders and a swap for local investors, political and banking sources said on Tuesday. Lebanon, which has never defaulted on...

Lebanon daily suspends print edition over economic crisis

Lebanon's English-language The Daily Star suspended its print edition Tuesday, the latest casualty in the collapse of the country's once-flourishing press. The newspaper, which is co-owned by the family of former prime minister Saad Hariri, said on its website the temporary halt of the...

Lebanon banks tighten withdrawal caps, sparking outcry

 Major banks in Lebanon began tightening banking controls this month, halving the amount of dollars depositors are allowed to withdraw every month, despite growing public anger. Faced with a dollar liquidity crunch, banks have imposed informal controls on dollar withdrawals and...