Lebanon

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IMF finds out what hinders Middle East economy

Political uncertainty and volatile oil prices are hindering economic growth in the Middle East this year, but trends should reverse next year, according to a new report released Monday by the International Monetary Fund, Charlotte Observer …

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Israeli drone crashes in Lebanon

An Israeli drone crashed in Lebanon this morning, Israel Defense Forces said. A military spokesperson said that the UAV fell "during routine security activity," without elaborating on the cause of the crash, Xinhua …

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U.S. sanctions Lebanese bank over ties to Hezbollah

The United States announced sanctions on a Lebanese bank with ties to Hezbollah yesterday. The U.S. Treasury Department announced sanctions on Jammal Trust Bank and its subsidiaries, which it accused of knowingly facilitating …

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Iran hails formation of new Lebanese gov’t

Iran’s Foreign Ministry spokesman has welcomed the formation of the new Lebanese government, expressing hope it will strengthen friendship among Lebanese parties and prepare the ground for further development of the Arab country. …

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Israel destroys tunnel on Lebanon border

The Israeli military destroyed another cross-border tunnel it says was built by Lebanon’s Hezbollah militant group. Israel this month announced the discovery of the tunnels, which it says were part of a Hezbollah plot to sneak …

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