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Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

Aoun: Lebanon in need of national dialogue to mitigate economic crisis

  • By Al Mayadeen Net
  • Source: Agencies
  • 27 Dec 2021 23:07
2 Min Read

On Monday, the Lebanese president Michel Aoun addresses Lebanon, stressing the need for a national dialogue.

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  • The Lebanese presidency denies that President Aoun submitted any name from any party to take over ministerial roles
    The Lebanese presidency denies that President Aoun submitted any name from any party to take over ministerial roles.

Lebanon is in urgent need of a national dialogue to find a way out of its economic crisis and tackle defense issues, according to Lebanese President Michel Aoun on Monday. 

"From my constitutional position, I am calling for an urgent national dialogue to reach understanding on three items: administrative and financial decentralization, the defense strategy of Lebanon, and a financial and economic recovery plan that would include the necessary reforms and a fair distribution of losses," Aoun said in his address to the population.

إنني ومن موقعي كمؤتمن على الدستور أدعو لحوار وطني عاجل من أجل التفاهم على 3 مسائل والعمل على إقرارها ضمن المؤسسات، وهي:
* اللامركزية الإدارية والمالية الموسعة
* الاستراتيجية الدفاعية لحماية لبنان
* خطة التعافي المالي والاقتصادي بما فيها الإصلاحات اللازمة والتوزيع العادل للخسائر

— General Michel Aoun (@General_Aoun) December 27, 2021

The security of the country is a matter of the army, the resistance, and the people, but the state is in the center, said Aoun. 

"Lebanon as a state will be able to exist when based on the constitution, law, and institutions," he added. 

لا وجود للبنان من دون دولة، واستمرارية بناء هذه الدولة تستند الى أسس هي: الدستور والقوانين والمؤسسات.
هذا ما يؤدي الى انتظام في الدولة، وهو مطلب كل لبناني اكان مقيماً او في الانتشار، المطلب واحد: قيام الدولة

— General Michel Aoun (@General_Aoun) December 27, 2021

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On Saturday, the president contended that Lebanon's recovery from the current economic crisis will take some six to seven years and that there will be inevitable changes. 

Lebanon needs $12-15 bn for economic recovery: BDL chief

Lebanon requires $12-15 billion to start its process of economic recovery and support its fast-diminishing foreign currency reserves, BDL governor Riad Salameh said Tuesday.

Lebanon is facing an unprecedented economic crisis, which the World Bank ranked among the top 10 worst economic crises in the world since the mid-nineteenth century.

Over 80% of the population lives in poverty, and the national currency, the Lebanese pound, has lost more than 90% of its black market value as Beirut is yet to reach an agreement with the International Monetary Fund amid a political crisis.

"Our quota in the International Monetary Fund is four billion," Salameh said.

"The mandatory reserves are around $12.5 billion," that the central bank can't spend, Salameh said. He also explained that an additional $1.5 billion in reserves had been freed up for central bank spending.

Lebanon's mandatory reserves were $32 billion before the economic crisis started in the country.

  • Michel Aoun
  • Lebanon
  • Economic crisis in Lebanon

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