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NEWSLETTER

August 28 – September 17, 2021

Ministers advised
to muzzle up and work

Presidents ask ministers to minimize talk following controversial first statements

President Michel Aoun and Prime Minister Najib Mikati have asked members of the newly-appointed Cabinet to keep it quiet.

The unprecedented move comes after several ministers steered controversy over the weekend in statements they made to the media.

Hector Hajjar, Minister of Social Affairs, asked citizens to exercise extreme austerity. “In China, they don’t use diapers. They use washable napkins,” he said in a series of advises on how to reduce consumption.

Georges Cordahi, Minister of Information, requested the media n...more


	BUSINESS


	M1 Group acquires Myanmar mobile network
	Purchase price struck at a tenth of original value


	FINANCE


	IMF is sending $1.1 billion to bolster foreign reserves
	Calls for transparency and accountability


	Banks require cash deposits for withdrawals above ceiling
	Association of Banks: Move necessitated by BDL’s reduction of cash supply


	Local subscriptions to foreign funds rebound
	26 percent increase to $798 million recorded last year

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