NEWSLETTER
August 28 – September 17, 2021
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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
PRESS COVERAGE
Other local and international press coverage
on business and economic stories on Lebanon

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