| 18 May 2024, Saturday |

Judicial banking war: what about depositors’ funds?

After the decisions issued by the Public Prosecutor Office at the Court of Appeal in Mount Lebanon, Judge Ghada Aoun, against banks, their board chairmen and members, to ban travel and impose prohibitions on disposing of their real estate and property, an earthquake struck Lebanon’s banking sector. In response to the measures proposed against it, Fransabank has shut its doors and advised its employees to remain at home in the coming days.
Dr. Paul Morcos, President of the Justicia Foundation, joined us to discuss this topic.

Fuel prices in Lebanon continue to fall, with the price of a bottle of gas falling by 18,000 Lebanese pounds to 292 thousand Lebanese pounds. Other fuel prices fell as well, becoming as follows: canister of gasoline 95 octane: 420,000 LBP, canister of gasoline 98 octane: 430,000 LBP, and diesel: 423,000 LBP.

According to Abou Chakra, a representative of fuel distributors, fuel prices have fallen due to a drop in global prices, after the Russian-Ukrainian crisis in Europe saw some stability in military operations and the international community did not fear being drawn into a full-fledged war, which led to a drop in the price of a kiloliter of gasoline in Europe. Today’s schedule is $66.93, and the dollar exchange rate has remained stable.

  • Sawt Beirut International