Category Archives: Middle East

Protests in Beirut over Possible Stolen Millions?

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238 people injured in Beirut protests » Breaking News ...

It is beginning to sound like some oligarch corruption out of Ukraine but read on.

Salamé became Governor of Lebanon’s central bank, on August 1, 1993. He was subsequently reappointed for four consecutive terms in 1999, 2005, 2011 and 2017. Salamé chairs the BDL Central Council, the Higher Banking Commission, the AML/CFT Special Investigation Commission and the Capital Markets Authority.

He is a member of the board of governors at the International Monetary Fund (IMF) and at the Arab Monetary Fund (AMF).  Read more...

2 Deadly Explosions Rock Beirut

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President Trump along with officials at the Pentagon are calling this an attack.

Primer: Tensions in Lebanon are high for a number of reasons, one being that Hezbollah faces a United Nations tribunal verdict on Friday in relation to the 2005 assassination of former Prime Minister Rafic Hariri. The head of Lebanon’s domestic security service has ridiculed the notion that fireworks were involved. He told reporters that the incident is a result of highly explosive materials being stored in a port warehouse. Maj. Gen. Abbas Ibrahim refused to give further comment pending the outcome of the investigation. It should be noted here that while Ibrahim has good links to Western intelligence and counterterrorism units, his central interest rests in maintaining Lebanese political stability in avoidance of another civil war.  Read more...

Italian Police Seize $1 Billion of ISIS Amphetamines

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The Guardia di Finanza said that markings on the drugs were consistent with those used by Islamic State (IS). Though the amphetamine has been linked to IS in the past, some experts doubted that IS had the capacity to produce drugs in such quantities, and stated that Syrian pro-regime entities were more likely responsible.

Police just made history's biggest drug seizure: 15 tons ...  Read more...

Lebanon is Tail-Spinning into Default

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BEIRUT (Reuters) – Lebanon announced it cannot meet its debt payments and halted a March 9 bond payment of $1.2 billion on Saturday, setting the heavily indebted state on course for a sovereign default as it grapples with a major financial crisis.

In a televised address to the nation, Prime Minister Hassan Diab said foreign currency reserves had hit a “critical and dangerous” level and were needed to meet basic needs. He called for “fair” negotiations with lenders to restructure the debt.  Read more...