As protestors take to the streets across the country, Lebanon appears to be heading towards an economic meltdown with severe consequences for Lebanese citizens of all walks of life. We are concerned that failure to tackle current problems immediately and comprehensively could result in spiraling unemployment, uncontrollable inflation, more social unrest, civil strife and a severe deterioration in public health services and other basic resources.
Resolving the Lebanese-Israeli border dispute: What’s in it for Washington?
On Sept. 25, Lebanese President Michel Aoun told the UN General Assembly that Lebanon is prepared to welcome any country’s help in demarcating its land and maritime borders. He was referring to Lebanon’s decades-old border dispute with Israel, the resolution of which has become increasingly important as the country inches closer toward its first oil and gas drilling operations later this year.
MEI experts Paul Salem, Randa Slim, and Bilal Saab join host Alistair Taylor to discuss the massive uprising that has swept across Lebanon since last weekend, including what’s driving the protests, how the government has responded so far, and where things may go from here.
Lebanon’s current uprising, larger than the Cedar Revolution and rooted in long-held socio-economic grievances, has united protestors across the country in calls for fundamental political change. And this time, Shiites have joined the struggle. This is not a good outcome for Hezbollah — nothing threatens it more than discord within the Shi’a community — and it now finds itself in uncharted territory.
Divide and Conquer: The Growing Hezbollah Threat to the Druze
Deep political, familial, and religious ties have allowed Druze communities across the Levant to remain largely unified against external threats, but eight years of violence in Syria and a coordinated campaign by the regime and its allies now threaten to destabilize regional Druze politics and erode the sect’s political and military power. An Iranian-backed campaign by Hezbollah to incite inter-Druze violence in Lebanon has curtailed this unity, laying the groundwork for Hezbollah to expand into Syria’s Suwayda province with impunity.
Something had to give. Decades of corruption and criminal mismanagement by Lebanon’s ruling elites — the same clique who have governed the country since its independence in 1943 — have finally led to an economic implosion and a social explosion.
Russia’s efforts to expand the Astana process in Syria
On Sept. 16, the presidents of Russia, Iran, and Turkey met in Ankara to discuss the resolution of the Syrian civil war. In all three countries, the Ankara summit was hailed as a major success, as negotiations on the formation of a Syrian constitutional committee concluded and progress was made toward resolving other outstanding challenges, such as the future of northeastern Syria and the ongoing struggle for Idlib.
Is it too late to save Lebanon from financial collapse?
Things seem to be going from bad to worse for Lebanon’s economy. On Aug. 23 Fitch downgraded its credit rating to CCC, meaning both it and Moody’s now rate the country’s bonds as junk. Ten days later, on Sept. 2, Lebanon’s top officials and bankers declared the country was in a state of economic emergency and said emergency measures would be taken.
International Politics of Syrian Refugee Return: The Case of Lebanon
There are three sets of actors whose involvement has significantly affected the Syrian refugee situation in Lebanon: UN agencies, humanitarian organizations, and key regional countries (notably, Iran) and major powers (especially the US, EU, and Russia). This article briefly examines the international politics of Syrian refugee return in the case of Lebanon.
Monday Briefing: Fighting flares up in southern Yemen
This week’s briefing on recent news and upcoming events in the region featuring Fatima Abo Alasrar, Gonul Tol, Marvin G. Weinbaum, Randa Slim, and Michael Sexton and Eliza Campbell.
The news came eight months after Israeli Prime Minister Benjamin Netanyahu paid a visit to the Omani capital for surprise talks with Sultan Qaboos in October 2018, and four months after Minister Responsible for Foreign Affairs Yusuf bin Alawi bin Abdullah met with Netanyahu in Poland during the Trump administration’s “Peace and Security in the Middle East” summit.
OPEC+ agrees to production-cut extension and new charter amid rising Middle East tensions
OPEC+ nations have ended speculation about whether they would continue oil production cuts by agreeing to a nine-month extension. Led by the global petroleum powers Saudi Arabia and Russia, the group agreed on July 2 to extend the current level of cuts until the second quarter of 2020.
As it combats continuing stagnant growth, Lebanon’s economy is facing a looming debt crisis. Omar Slim, senior investment manager and committee member with Lebanese International Finance Executives (LIFE), joins host Alistair Taylor to discuss the current threats to Lebanon’s economy and the need for financial consolidation.
