Lebanon’s financial chaos spikes as US Caesar Act looms

Protesters shout anti-government slogans during a demonstration in Beirut. Protesters have been calling for the resignation of the government as the country sinks deeper into economic distress. (AP)
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Updated 20 June 2020
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Lebanon’s financial chaos spikes as US Caesar Act looms

  • The act comes into force on Wednesday and gives the US ‘powerful tools to hold the Syrian government accountable for its atrocities’

BEIRUT: Lebanon saw a spike in economic and financial chaos on the eve of the US Caesar Act taking effect, with people flocking to buy the US dollar, the threat of industrial action and job losses at a prominent university.

The act comes into force on Wednesday and gives the US “powerful tools to hold the Syrian government accountable for its atrocities” according to an unofficial Arabic translation of the act’s text. It says that no foreign company should “engage with or enrich” Damascus and imposes sanctions on any foreign person who “knowingly provides important financial, material, or technological support to the Syrian government or to any high-ranking political figure in the regime, or knowingly engages in important transactions with the Syrian government or any high-ranking political figure in the Syrian government.”

Lebanon’s Central Bank is seeking to limit any attempts to buy the dollar in Lebanon with the aim of transferring it to Syria, especially in light of the currency’s scarcity in Lebanon.

On Tuesday people flocked to buy the dollar at the rate set by the Money Exchange Syndicate — LBP3,900 pounds for one dollar — after the central bank decided to pump about $6 million a day from its reserves in the financial market to curb the freefall of the Lebanese pound.

The money-changers entitled to buy dollars from the Central Bank asked people to show proof of identity as well as documents explaining the reason for buying the currency. Low ceilings have been set for the amounts that people can obtain and that amount may not not exceed $200. The dollar exchange rate on the black market was LBP4,800, with people selling what they had bought from licensed money-changers for a higher price.

The General Directorate of Public Security confirmed that it had started “working in the joint special operations room to monitor speculation on the lira against the dollar.” Telephone numbers have been issued to report violators.

Former Lebanese Prime Minister Fouad Siniora criticized the government’s request for the Central Bank to intervene in the country’s currency woes while “refraining from carrying out the required reforms.”

“The depletion of foreign exchange reserves will only exacerbate crises and escalate the situation,” he warned.

The currency chaos was accompanied by a warning from the Mobile Operators’ Syndicate that its employees would strike after the expiry of a deadline for authorities to resolve the problem of May salaries. The strike would disrupt voice calls, internet and messaging services available on social media, the syndicate said in a statement. The strike will affect more than four million mobile service subscribers.

The country’s financial crisis has also forced the president of the American University of Beirut (AUB) to tell staff he had to cut the institution’s headcount by 25 percent. The AUB has a total of 6,500 employees and the losses are expected to extend to staff in managerial positions.

Saroj Kumar Jha, the World Bank’s director for the Levant region, urged the government to secure a social safety net program for the poor and vulnerable groups in Lebanon established in cooperation with the World Bank given the “difficult circumstances that are ravaging Lebanon.”


Israeli strikes at Damascus suburb, Syrian state news agency says

Updated 19 sec ago
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Israeli strikes at Damascus suburb, Syrian state news agency says

Explosions were reported earlier on Friday in the vicinity of Damascus
“Israeli aggression targets Mazzeh area in Damascus,” SANA said in a news flash

DUBAI: Israel carried out attacks on the Mazzeh suburb of Damascus on Friday, Syrian state news agency SANA said, a day after a wave of deadly strikes on what Israel said were militant targets in the Syrian capital.
Explosions were reported earlier on Friday in the vicinity of Damascus.
“Israeli aggression targets Mazzeh area in Damascus,” SANA said in a news flash. It gave no other details.
There was no immediate comment from Israel.
Commanders in Lebanon’s Hezbollah armed group and Iran’s Revolutionary Guards based in Syria have been known to reside in Mazzeh, according to residents who fled after recent strikes that killed some key figures in the groups.
Mazzeh’s high-rise blocks have been used by the authorities in the past to house leaders of Palestinian factions including Hamas and Islamic Jihad.
Fifteen people were killed on Thursday in Israeli strikes on residential buildings in Mazzeh and Qudsaya suburbs, state media reported. Israel said the attacks targeted military sites and the headquarters of Islamic Jihad.
Israel has been carrying out strikes against Iran-linked targets in Syria for years but has ramped up such raids since the Oct. 7, 2023, attack by Palestinian militant group Hamas on Israel that sparked the Gaza war.
Separately, the Israeli military said it had attacked on Thursday transit routes on the Syrian-Lebanese border that were used to transfer weapons to Hezbollah.
Syrian state media reported that an Israeli attack completely destroyed a bridge in the area of Qusayr in southwest of Syria’s Homs near the border with northern Lebanon.

A lion cub evacuated from Lebanon to a South African sanctuary escapes airstrikes and abuse

Updated 12 min 44 sec ago
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A lion cub evacuated from Lebanon to a South African sanctuary escapes airstrikes and abuse

  • After spending two months in a small Beirut apartment with an animal rights group, the four-and-half-month-old lion cub arrived Friday at a wildlife sanctuary in South Africa
  • Sara is the fifth lion cub to be evacuated from Lebanon by local rescue group Animals Lebanon since Hezbollah and Israel began exchanging fire

BEIRUT: When Sara first arrived at her rescuers’ home, she was sick, tired, and was covered in ringworms and signs of abuse all over her little furry body.
After spending two months in a small Beirut apartment with an animal rights group, the four-and-half-month-old lion cub arrived Friday at a wildlife sanctuary in South Africa after a long journey on a yacht and planes, escaping both Israeli airstrikes and abusive owners.
Sara is the fifth lion cub to be evacuated from Lebanon by local rescue group Animals Lebanon since Hezbollah and Israel began exchanging fire a day after the Oct. 7 attack in southern Israel by Hamas that ignited the war in Gaza last year.
Animals Lebanon first discovered Sara on social media channels in July. Her owner, a Lebanese man in the ancient city of Baalbek, posted bombastic videos of himself parading with the little lion cub on TikTok and Instagram.
Under Lebanese law, it is prohibited to own wild and exotic animals.
The lion cub was “really just being used as showing off,” said Jason Mier, executive director of Animals Lebanon.
In mid-September, the group finally retrieved her after filing a case with the police and judiciary, who interrogated her owner and forced him to give up the feline.
Soon after that, Israel launched an offensive against the Lebanese militant group Hezbollah — after nearly a year of low-level conflict — and Baalbek came under heavy bombardment.
Mier and his team were able to extract Sara from Baalbek weeks before Israel launched its aerial bombardment campaign on the ancient city, and move her to an apartment in Beirut’s busy commercial Hamra district.
She was supposed to fly to South Africa in October, but international airlines stopped flights to Lebanon as Israeli jets and drones hit sites close to the country’s only airport.
Hezbollah began firing rockets across the border into Israel in support of its ally, Hamas, on Oct. 8, 2023, a day after Palestinian militants staged the deadly surprise incursion into southern Israel. Israel responded with shelling and airstrikes. Beginning in mid-September, Israel launched an intense aerial bombardment of much of Lebanon, followed by a ground invasion.
Before the conflict, Animals Lebanon was active in halting animal trafficking and the exotic pet trade, saving over two dozen big cats from imprisonment in lavish homes and sending them to wildlife sanctuaries.
Since the war started, Animals Lebanon has also been rescuing pets that have been trapped in damaged apartments as hundreds of thousands of Lebanese fled bombardment — almost 1,000 over the past month alone.
“Lots are still in our care because the owners of these animals are still displaced,” Mier said. “So, we can’t expect the person to take this animal back when he might be living on the street or in a school.”
Before the conflict escalated, the rights group was able to move around the country more freely as the fighting largely remained in southern Lebanon along the border with Israel. But things became more difficult as airstrikes became more frequent and spread over wider swathes of the country.
Unaware of the war around her, Sara thrived. She was fed a platter of raw meat daily and grew to 40 kilograms (88 pounds). She cuddled every morning with Mier’s wife Maggie, also an animal rights activist.
But the activists faced a major obstacle: How would they get her out of Lebanon?
Animals Lebanon collected donations from supporters and rights groups around the world to put Sara on a small yacht to take her to Cyprus. From there, she flew to the United Arab Emirates before her long journey ended in Cape Town.
Days before her evacuation Sara played in one of the bedrooms at Mier’s apartment, with cushions and chew toys scattered.
Thursday at dawn, she arrived to the port of Dbayeh, just north of Beirut. Mier and his team were relieved, but also struggling to hold back their tears at her departure.
Mier anticipates Sara will be held for monitoring and disease-control, but soon will be part of a community of other lions.
“Then she’ll be integrated with two recent lions that we’ve sent from Lebanon, so she’ll make a nice group of three hopefully,” he said. “That’s where she will live out the rest of her life. That is the best option for her.”


Palestinian militants release new clip of Israeli hostage Trupanov in Gaza

Updated 31 min 40 sec ago
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Palestinian militants release new clip of Israeli hostage Trupanov in Gaza

  • Trupanov appealed to Aryeh Deri, a member of Israel’s governing coalition, to help free him and the other hostages held in Gaza
  • In September, Deri described the act of bringing back the hostages as a “sacred duty“

JERUSALEM: A Palestinian militant group allied with Hamas released a new clip Friday of Israeli hostage Sasha Trupanov, held in Gaza since the October 2023 attack, after publishing a first video earlier this week.
Trupanov, identified by his relatives in the previous video released on Wednesday, appealed to Aryeh Deri — leader of the Sephardi ultra-Orthodox party Shas, a member of Israel’s governing coalition — to help free him and the other hostages held in Gaza.
The Shas party supports a deal for their release under the Jewish religious obligation to do everything possible to free captives.
In September, Deri described the act of bringing back the hostages as a “sacred duty.”
Trupanov, 29, is a dual Russian-Israeli citizen who was abducted with his girlfriend, Sapir Cohen, from the Nir Oz kibbutz near the Gaza border.
His mother and grandmother were also abducted and released along with Cohen during a week-long truce and hostage-prisoner exchange in November 2023.
His father, Vitaly, was killed in the October 7, 2023 attack, the deadliest in Israeli history.
This is now the fourth video of Trupanov released by Islamic Jihad.
Russian foreign ministry spokeswoman Maria Zakharova called for the release of Trupanov and another hostage, Maxim Herkin, in comments made before the release of the latest clip.
“We reiterate our call for the immediate and unconditional release of all civilians held by Palestinian groups, with priority given to our compatriots,” she said.
Herkin, a 35-year-old Russian-Israeli citizen, was abducted at the Nova music festival.
Militants seized 251 hostages during the attack, some of them already dead.
Ninety-seven are still being held hostage, while 34 are confirmed dead but their bodies remain in Gaza.
The attack resulted in 1,206 deaths, mostly civilians, according to an AFP tally of Israeli official figures.
Israel’s retaliatory campaign has killed 43,764 people in Gaza, according to figures from the Hamas-run territory’s health ministry that the UN considers reliable.


Workers search through rubble in eastern Lebanon where Israeli strike killed 13

Updated 43 min 52 sec ago
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Workers search through rubble in eastern Lebanon where Israeli strike killed 13

  • All those killed in the strike on the town of Douris near Baalbek were employees and volunteers of the emergency services agency, according to the Lebanese Civil Defense
  • Some other remains were also recovered and will require DNA testing

BEIRUT: Rescue teams were searching Friday through rubble for missing people near the city of Baalbek in eastern Lebanon where an Israeli strike hit a civil defense center the night before, killing at least 13.
All those killed in the strike on the town of Douris near Baalbek were employees and volunteers of the emergency services agency, according to the Lebanese Civil Defense. Some other remains were also recovered and will require DNA testing, it said in a statement.
The General Directorate of Civil Defense expressed “deep regret over this direct attack on its members.” Staffers “will continue to respond to relief calls and continue with its humanitarian mission, no matter how great the challenges and sacrifices are,” it said.
Israel has accused Hezbollah of using ambulances and medical facilities to transport and store weapons. The Israeli military has not commented on the strike on the civil defense center in Baalbek.
Israel has been striking deeper inside Lebanon since September as it escalates the war against Hezbollah. After 13 months of war, more than 3,300 people have been killed and more than 14,400 wounded, Lebanon’s Health Ministry says.
The Israel-Hamas war began after Palestinian militants stormed into Israel on Oct. 7, 2023, killing some 1,200 people — mostly civilians — and abducting 250 others. Lebanon’s Hezbollah group began firing into Israel on Oct. 8, 2023, in solidarity with Hamas in Gaza.
Israel’s blistering 13-month war in Gaza has killed over 43,000 Palestinians, mostly women and children, according to local health officials who do not distinguish between civilians and combatants. The fighting has left some 76 people dead in Israel, including 31 soldiers.


Gaza aid access ‘at a low point’, UN official says

Updated 15 November 2024
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Gaza aid access ‘at a low point’, UN official says

  • UN official’s remarks run counter to a US assessment earlier this week that Israel is not currently impeding humanitarian aid for the Gaza Strip

GENEVA: Aid access in Gaza is at a low point with deliveries to parts of the besieged north of the enclave all but impossible, a UN humanitarian official said on Friday.
The remarks run counter to a US assessment earlier this week that Israel is not currently impeding humanitarian aid for the Gaza Strip, avoiding restrictions on US military aid. Israel has said it has worked hard to assist the humanitarian needs in Gaza.
“From our perspective, on all indicators you can possibly think of in a humanitarian response, all of them are going in the wrong direction,” said Jens Laerke, spokesperson for the UN Office for the Coordination of Humanitarian Affairs, in response to a question at a Geneva press briefing about whether humanitarian access had improved.
“Access is at a low point. Chaos, suffering, despair, death, destruction, displacement are at a high point,” he added.
Laerke voiced concern about north Gaza where residents have been ordered to head south as Israeli forces’ more than month-long incursion continues. Israel says its operations there are designed to prevent Hamas fighters from regrouping.
“We have seen and been particularly concerned about the situation in the north of Gaza, which is now effectively under siege and it is near impossible to deliver aid in there. So the operation is being stifled,” Laerke said.
“One of my colleagues described it as, for humanitarian work... you want to jump. You want to jump up and do something. But what he added was: but our legs are broken. So we are being asked to jump while our legs are broken.”
US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin in an Oct. 13 letter gave their Israeli counterparts a list of specific steps that Israel needed to do within 30 days to address the worsening situation in Gaza.
Failure to do so may have possible consequences on US military aid to Israel, they said in the letter. Other non-UN aid groups say Israel has failed to meet the demands — an allegation Israel has rejected.