Egypt partners with Google to promote 'unmatched diversity' tourism campaign    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Taiwan GDP surges on tech demand    World Bank: Global commodity prices to fall 17% by '26    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    France's harmonised inflation eases slightly in April    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Hezbollah: Lebanon's next government must heed protesters
Published in Ahram Online on 01 - 11 - 2019

The Shia group Hezbollah said on Friday a new Lebanese government must listen to the demands that fuelled protests against the country's rulers and led Saad al-Hariri to quit as prime minister.
Hariri's resignation has left Lebanon without a government as it faces the worst economic crisis since the 1975-90 civil war. Hezbollah, a heavily armed group backed by Iran, had opposed the resignation of the coalition of which it was part.
"A new government must be formed as soon as possible ... and the new government must listen to the demands of the people who took to the streets," Hezbollah leader Sayyed Hassan Nasrallah said in a televised address.
"There must be serious work because time is tight and so is people's patience," he said, adding that the government's goal must be to restore confidence.
The unprecedented, nationwide protests that erupted on Oct. 17 tipped Lebanon into political turmoil at a time when it was already grappling with dire economic conditions and strains in its financial system.
Lebanese banks, which had been closed since Oct. 18, reopened on Friday, with queues building and customers encountering new curbs on transfers abroad and withdrawals from U.S. dollar accounts.
Though no formal controls were imposed, banks told customers they could only transfer funds abroad in particular circumstances such repaying loans, education, health, family support or commercial commitments.
An hour after doors opened, dozens people of people were waiting at some banks in Beirut and other cities, Reuters witnesses said. At others, fewer were waiting.
The Association of Banks in Lebanon praised the public for acting "responsibly". The Lebanese pound strengthened against the dollar on the parallel market that has emerged in recent months, three dealers said.
The central bank had promised not to impose capital controls when banks re-opened, measures that could hamper the currency inflows and investment that Lebanon badly needs.
Asked about steps being taken by banks, banking association chief Salim Sfeir said: "I would not call it restrictions but rather efforts by the banks to accommodate all customers, given the pressure resulting from closing for two weeks."
"We stand ready to adjust any measure taken, once the situation in the country is back to normal", he told Reuters.


Clic here to read the story from its source.