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Lebanon central bank says to protect pound stability

Lebanon's central bank on Monday said it would strive to maintain the local currency's peg to the US dollar and ease access to the greenback after weeks of mass protests. For two decades, the Lebanese pound has been pegged to the greenback at around 1,500 pounds to the dollar, with both...

Food shortage fears sparks panic buying in protest-hit Lebanon

Fearing food shortages in protest-hit Lebanon, Sanaa crammed bags of fava beans into a packed trolley, one of dozens of shoppers who rushed to buy basic supplies in a Beirut department store. "I don't remember ever stocking up on so much food," said the 40-year-old woman. "We are preparing...

Hezbollah says its 'arms won't be twisted' as crisis deepens

Political talks to agree an urgently needed Lebanese government are still deadlocked, three senior sources said on Sunday, as the powerful Shi’ite group Hezbollah indicated it would not be forced into concessions. The latest failure to break Lebanon’s political impasse will worsen...

Ex-Hezbollah leader slams Iranian supreme chief

Former Secretary-General of Lebanon’s Shia Hezbollah movement criticized Iran’s supreme leader Sunday for being behind corruption in Lebanon and Iraq, where anti-government and corruption protests are ongoing. Subhi al-Tufayli, speaking to Arab and social media, delivered remarks on...