BEIRUT: Talks between the Lebanese government and the International Monetary Fund over an economic recovery plan should make progress in the next two weeks, Prime Minister Najib Mikati said Saturday.
Speaking to reporters in Qatar, where he is attending the Doha Forum, Mikati said an IMF delegation will resume talks with the government in Beirut on Tuesday over the country’s economic meltdown that began more than two years ago.
Talks between Lebanon and the IMF began in May 2020, and then stopped for months amid a political deadlock in the small country. They resumed after Mikati took office in September but no breakthrough has been made since.
A main sticking point in the talks has been estimating the amount of financial losses. But late last year, Deputy Prime Minister Saadeh Shami, who is heading the talks with the IMF, put the losses of the financial sector at $69 billion.
“Hopefully it’s going to take, I guess, two weeks and by the end of the two weeks we can see the light differently,” Mikati said in English about the next round of talks. He added that Lebanon has no other option but to reach an agreement with the IMF.
Mikati said Lebanon’s economic meltdown, described by the World Bank as one of the worst the world has witnessed since the 1850s, has been made worse by the war in Ukraine.
Mikati refused to answer a question about corruption charges filed by a judge against the country’s central bank Gov. Riad Salameh, saying it was “not the right place to talk about what’s going on domestically.” But he said Salameh’s case will be solved “the right legal way.” He did not elaborate.
Mikati said the war between Russia and Ukraine has become “a new source of pressure” on small countries. He said Lebanon imports all its wheat from Russia and Ukraine. He said the government is trying to guarantee food security for people in Lebanon in the coming year.
Lebanon’s economic crisis that began in October 2019 is rooted in decades of corruption and mismanagement. It has left three-quarters of the population of 6 million people, including 1 million Syrian refugees, in poverty. The Lebanese pound has lost more than 90 percent of its value.
Lebanese PM expects progress in talks with IMF over meltdown
https://arab.news/pj62u
Lebanese PM expects progress in talks with IMF over meltdown
- Mikati said an IMF delegation will resume talks with the government in Beirut on Tuesday
- A main sticking point in the talks has been estimating the amount of financial losses
‘Shaking with cold’: tourists from Egypt boat sinking brought ashore
- Egypt released video footage Wednesday of the latest tourists rescued from a boat that capsized off the country’s Red Sea coast, where at least four people lost their lives
CAIRO: Egypt released video footage Wednesday of the latest tourists rescued from a boat that capsized off the country’s Red Sea coast, where at least four people lost their lives.
Seven people remain missing more than two days after the “Sea Story” was struck by a wave and overturned in the middle of the night.
The vessel had set off Sunday from Port Ghalib, near Marsa Alam in the southeast, on a multi-day diving trip with 31 tourists — mostly Europeans, along with Chinese and US nationals — and a 13-member crew.
Thirty-three were rescued, including tourists seen in the video stepping off a speedboat, draped in blankets, at a marina near Marsa Alam.
“We were shaking with cold,” one unidentified man said in the footage.
The tourists who appeared in the video had spent at least 24 hours inside a cabin of the overturned vessel before rescuers found them Tuesday morning, according to a government source close to the rescue operations.
Egyptian authorities rescue 28 people after a tourist boat on a diving trip sank off the Red Sea coast; the search continues for the 17 remaining passengers and crew https://t.co/ePmCnFBAf1 pic.twitter.com/kdATWhQv1S
— Reuters (@Reuters) November 25, 2024
A military-led team on Tuesday rescued two Belgians, one Swiss national, one Finnish tourist and one Egyptian, authorities said.
Two survivors — one identified by authorities on camera as an Egyptian — were rolled out on stretchers, one of them conscious and speaking.
A Belgian tourist sobbed when she was greeted by an Egyptian general.
Red Sea governor Amr Hanafi said the boat capsized “suddenly and quickly within five-seven minutes” after being struck by a strong wave in the middle of the night, leaving some passengers unable to escape their cabins.
The Sea Story had been due to dock on Friday at the tourist resort of Hurghada, about 200 kilometers (124 miles) north of Marsa Alam.
Authorities in Egypt have said the vessel was fully licensed and had passed all inspection checks. A preliminary investigation showed no technical fault.
There were at least two similar boat accidents in the Marsa Alam area earlier this year. There were no fatalities.
The Red Sea coast is a major tourist destination in Egypt.
Dozens of dive boats crisscross between Red Sea coral reefs and islands off Egypt’s eastern coast every day, where safety regulations are robust but unevenly enforced.
World reacts to Lebanon war ceasefire
PARIS: World leaders have welcomed a ceasefire deal between Israel and Lebanese militant group Hezbollah, which came into force on Wednesday morning (0200 GMT).
The ceasefire between Israel and Lebanon will protect Israel from the threat of Iran-backed militant group Hezbollah and create the conditions for a “lasting calm,” US President Joe Biden and French President Emmanuel Macron said ahead of the truce coming into force.
“The announcement today will cease the fighting in Lebanon, and secure Israel from the threat of Hezbollah and other terrorist organizations operating from Lebanon,” the leaders said in a joint statement.
The United States and France will work “to ensure this arrangement is fully implemented” and lead international efforts for “capacity-building” of the Lebanese army, they added.
Biden welcomed the deal as “good news” and also said the US would lead a fresh effort to secure a truce between Israel and Palestinian militant group Hamas in Gaza.
Macron said the Lebanon ceasefire should “open the path” for an ending to the war in Gaza.
Israeli Prime Minister Benjamin Netanyahu thanked the US president for his “involvement in securing the ceasefire agreement.”
He told Biden in a call that he appreciated the US leader’s “understanding that Israel will maintain its freedom of action in enforcing it,” according to Netanyahu’s office.
Ahead of Israel’s approval of the deal, Netanyahu said the “length of the ceasefire depends on what happens in Lebanon” and the truce would allow Israel to “intensify” pressure on Hamas and focus on the “Iranian threat.”
Lebanese Prime Minister Najib Mikati said the ceasefire was a “fundamental step” toward restoring stability in the region.
Thanking France and the US for their involvement, Mikati also reiterated his government’s commitment to “strengthen the army’s presence in the south.”
Iran, a backer of both Hezbollah and Hamas, welcomed the end of Israel’s “aggression” in Lebanon, after the ceasefire came into force.
“Welcoming the news” of the end of Israel’s “aggression against Lebanon,” foreign ministry spokesman Esmaeil Baghaei said, stressing Iran’s “firm support for the Lebanese government, nation and resistance.”
Hamas official Sami Abu Zuhri said the group “appreciates” Lebanon’s right to reach an agreement that protects its people, and it hopes for a deal to end the war in Gaza.
“Hamas appreciates the right of Lebanon and Hezbollah to reach an agreement that protects the people of Lebanon and we hope that this agreement will pave the way to reaching an agreement that ends the war of genocide against our people in Gaza,” Abu Zuhri told Reuters.
China said it was “paying close attention to the current situation in Lebanon and Israel.”
“We support all efforts conducive to easing tensions and achieving peace and welcome the agreement reached by relevant parties on a ceasefire,” foreign ministry spokeswoman Mao Ning said.
German Foreign Minister Annalena Baerbock welcomed the deal, hailing it as “a ray of hope for the entire region.”
“People on both sides of the border want to live in genuine and lasting security,” Baerbock said, calling the deal “a success for diplomacy.”
British Prime Minister Keir Starmer praised a “long overdue” ceasefire that would “provide some measure of relief to the civilian populations” of both Israel and Lebanon.
Calling for the truce to be “turned into a lasting political solution in Lebanon,” Starmer vowed to be at the “forefront of efforts to break the ongoing cycle of violence in pursuit of a long-term, sustainable peace in the Middle East.”
EU chief Ursula von der Leyen hailed the “very encouraging news” of the ceasefire, saying it would increase Lebanon’s “internal security and stability.”
The announcement was welcome news “first and foremost for the Lebanese and Israeli people affected by the fighting,” Von der Leyen said.
“Lebanon will have an opportunity to increase internal security and stability thanks to Hezbollah’s reduced influence,” she said.
A top UN official welcomed the ceasefire agreement, but warned that “considerable work lies ahead” to implement the deal.
“Nothing less than the full and unwavering commitment of both parties is required,” said UN special coordinator for Lebanon, Jeanine Hennis-Plasschaert.
Jordan said the ceasefire deal between Israel and Hezbollah should prompt greater international efforts to bring an end to the war in Gaza.
In an official statement, the kingdom said the move was also a first step towards reversing a dangerous escalation of tensions across the region that had threatened peace and security.
Iraq welcomed the ceasefire between Israel and Hezbollah in Lebanon, calling on the international community to act urgently to end Israel’s war with Hamas in Gaza.
A foreign ministry statement called for “multiplying international efforts to avoid any new escalation” along the Israel-Lebanon border, while also urging “serious, urgent steps to stop the continued massacres and violations against the Palestinian people in the Gaza Strip.”
Turkey said that it was ready to give Lebanon the “necessary support for the establishment of internal peace” hours after a ceasefire with Israel came into force.
The Palestinian Authority welcomed the 60-day ceasefire in Lebanon and expressed hope it would bring stability to the region.
“We hope that this step will contribute to stopping the violence and instability that the region is suffering from,” the Palestinian presidency said in a statement, and highlighted the need to enforce a UN resolution for a ceasefire in the Gaza Strip.
Israeli strikes on Gaza Strip leave 15 dead, medics say
CAIRO: Israeli military strikes across the Gaza Strip killed 15 people on Wednesday, some of them in a school housing displaced people, medics in Gaza said, adding that the fatalities included two sons of a former Hamas spokesman.
Health officials in the Hamas-run enclave said eight Palestinians were killed and dozens of others wounded in an Israeli strike that hit the Al-Tabeaeen School, which was sheltering displaced families in Gaza City. Among those killed were two sons of former Hamas spokesman, Fawzi Barhoum, according to medics and Barhoum himself.
In the Shejaia suburb of Gaza City, another strike killed four people, while three people were killed in an Israeli air strike in Beit Lahiya on the northern edge of the enclave where army forces have been operating since last month.
Separately, a ceasefire between Israel and Iran-backed group Hezbollah came into effect on Wednesday after both sides accepted an agreement brokered by the US and France, a rare victory for diplomacy in a region shaken by two wars for over a year.
Iran-backed Hezbollah militants began firing missiles at Israel in solidarity with Hamas after the Palestinian militant group attacked Israel in October of 2023, killing around 1,200 people and capturing over 250 hostages, Israel has said, triggering the Gaza war.
Israel’s 13-month campaign in Gaza has left nearly 44,200 people dead and displaced nearly all the enclave’s population at least once, according to Gaza health officials.
Months of attempts to negotiate a ceasefire have yielded scant progress and negotiations are now on hold, with mediator Qatar saying it has told the two warring parties it would suspend its efforts until the sides are prepared to make concessions.
US President Joe Biden said on Tuesday his administration was pushing for a ceasefire in Gaza and that it was possible that Saudi Arabia and Israel could normalize relations.
Israeli military says it fired to stop suspects reaching Lebanon no-go zone
DUBAI: Israeli forces on Wednesday fired at several vehicles with suspects to prevent them from reaching a no-go zone in Lebanese territory and the suspects moved away, the Israeli military said in a statement, hours after a ceasefire between Israel and Lebanese militant group Hezbollah came into effect at 0200 GMT.
Hezbollah says launched drones ahead of ceasefire at ‘sensitive military targets’ in Tel Aviv
BEIRUT, Lebanon: Lebanon’s Hezbollah said it launched drones at “sensitive military targets” in Tel Aviv on Tuesday evening, after deadly Israeli strikes in Beirut and as news of a ceasefire deal was announced.
“In response to the targeting of the capital Beirut and the massacres committed by the Israeli enemy against civilians,” Hezbollah launched “drones at a group of sensitive military targets in the city of Tel Aviv and its suburbs,” the group said in a statement.
