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Lebanon to raise exchange rate for taxes, fees and customs duties

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Nada Atallah -- thenationalnews -- Cash-strapped Lebanon is hoping to fill state coffers by raising the exchange rate for taxes, fees and customs duties, Caretaker Finance Minister Youssef Khalil told The National, as the country reels from three years of economic collapse. Lebanon will abandon the official rate of 1,507 pounds to the US dollar and introduce a combination of higher exchange mechanisms in accordance with the currency’s market value. Government revenue has shrunk dramatically, with the Lebanese pound’s market rate value sinking to about 40,000 to the dollar. A number of official exchange rates have sprung up since Lebanon’s economy collapsed in 2019 and unifying them is one of the main reforms demanded by international lenders for Beirut to access billions of dollars in loans.

Lebanon's financial crisis explained: what happened and why is the country stuck? “We do not have any other choice,” Mr Khalil said. "The fiscal situation has become unsustainable: we collect at the official rate but we spend at the parallel one." Taxes and fees will be paid based on the flexible rate set by Sayrafa, an official platform managed by the Central Bank, currently trading at about 30 000. The change comes as part of the 2022 budget voted in September by Parliament, which should be applied on Tuesday after weeks of delay. “Tax policies will be adjusted to limit the impact on vulnerable households,” Mr Khalil said. Customs duties will be calculated based on another rate of 15,000 per dollar. The minister said the switch, which should take place in mid-December, was expected to benefit public finances greatly.

Lebanese judiciary charges judge with ‘inciting sectarian strife’

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By Najia Houssari -- arabnews.com -- BEIRUT: Lebanon’s prosecutor general Judge Ghassan Oueidat charged Mount Lebanon Public Prosecutor Judge Ghada Aoun on Monday with “spreading false news, violating job duties, inciting sectarian strife, inciting conflict between the nation’s components, humiliation, slander and abuse of power.” It is the first allegation of its kind made by the judiciary against a member of the judicial body in Lebanon. Aoun’s opponents accuse her of showing bias in favor of the Free Patriotic Movement and former president Michel Aoun, and following the faction’s orders to prosecute Banque du Liban Gov. Riad Salameh and officials in the banking sector on corruption charges.

The lawsuit filed by Oueidat comes two weeks after the end of former president Michel Aoun’s term. The controversial judge posted a photo on Twitter last week of a list of politicians, businessmen and banking figures including Parliament Speaker Nabih Berri, his wife Randa Berri and former prime minister Fouad Siniora. She claimed that the figures smuggled tens of billions of dollars combined into Swiss bank accounts. She captioned the photo: “I do not know how valid this information is, but why don’t the people whose names appear on this list reveal their accounts with Swiss banks for the sake of transparency only?” The list did not include the name of any individual in the faction to which she is affiliated — the FPM.

Aoun’s tweet provoked angry reactions, with activists revealing that the list had previously been published by WikiLeaks but did not contain factual information. Activists accused Aoun of undermining the legal profession by publishing information without fact-checking. Aoun deleted the post the same day, tweeting: “I did not accuse anyone. The list had been shared in the media; I was not the first to post about it. “In any case, if any public prosecution receives this information, it is its duty to open an investigation. No investigation was conducted in this regard, although everyone knows that many did transfer money abroad, regardless of the amounts.” Aoun’s initial tweet, however, prompted Berri and his wife to file a legal complaint against the judge. Oueidat listened to the testimony of Berri’s attorney, Ali Rahal, who reiterated his complaint against Aoun. But Aoun did not appear before Oueidat and quickly filed a complaint against him before the Civil Court of Cassation. Oueidat referred a copy of the claim to the Judicial Inspection Board.

Support to his Beatitude Cardinal Patriarch Rai position for international dialogue & neutrality

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Beirut: «Middle East» The "Our Lady of the Mountain Meeting", the "National Assembly" and the "National Initiative Movement", which are gatherings that include political and media figures opposed to "Hezbollah", submitted a memorandum to Patriarch Bechara al-Ra'i in support of his positions, calling for Bkerke to move and establish a "broad national front" To liberate legitimacy, positive neutrality, the international conference for the sake of Taif, the constitution, and the resolutions of international legitimacy for the sake of Lebanon,” based on the positions of the Patriarch.

The memorandum was read by Dr. Radwan El-Sayed, addressing the sponsor by saying: “You were and still are, as is the case of the Bkerke patriarchs, a model of the good shepherd who steps forward and calls for the care of the common good by calling on all officials to adhere to Lebanon's founding principles, to distance it from the game of murderous nations, and to return to meaning. Noble politics as a fine art to serve man and the citizen and not to serve a particular person, as you said years ago, as you insisted on national partnership, far from exclusivity and dependence. And when you saw what was happening other than all of that, as if we are being ruled by an enemy government or it is ruling an enemy people, you announced the objection in the name of the citizens and in the name of the country, and no one is more deserving of that than Bkirki.” He added: “You have called for the liberation of legitimacy, for neutrality, and for national salvation and its precursors, a government of non-partisan specialists. You have finally reached the call for an international conference to save Lebanon, which will help restore the principles and principles, foremost of which is the National Accord Document, the Constitution, and the resolutions of international legitimacy.” He affirmed: “We stand with you and behind you in the call that we understand and trust, a sincere and responsible call in two directions.

Tiffany Trump Wears Elie Saab for Wedding Day - pictures

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By ROSEMARY FEITELBERG - THE TIES THAT BIND: Tiffany Trump decided on an Elie Saab wedding gown for her nuptials Saturday to Michael Boulos, and she wasn’t the only one sporting that designer label. Her billionaire husband was also dressed in a black tuxedo by the designer, a Trump spokesman confirmed Saturday. Elie Saab was also the designer of choice for Trump’s mother, Marla Maples, and for her half sister, Ivanka Trump. The 29-year-old bride wore a ballet-neck embellished gown with a tapered waist and extravagant sweeping train. She carried a small bouquet of lilies. Former president Donald Trump donned a tux to walk his youngest daughter down the al fresco aisle at his 20-acre estate Mar-a-Lago. The wedding march started beneath an arch of pastel-colored hydrangeas.

Representatives for Elie Saab, a Lebanese-born designer popular with celebrities including Jennifer Lopez, Julia Roberts and Halle Berry, did not respond to requests for comment Saturday. In March, Saab returned to the Paris runway for the first time since the 2020 Beirut explosion decimated his home city, and also damaged his home and atelier.

The one-shoulder trend got a serious boost by a few of the Trump women during the pre-wedding festivities and at the wedding. The former president’s second wife – Maples – sported a mint green one-shoulder pantsuit to Friday night’s rehearsal dinner, and his third and current wife Melania donned a metallic gold one-shouldered Dolce & Gabbana halter dress with a bias fit for the same event. The trio posed together for photos. Maples, who was married to The Donald from 1993 through 1999, wore a fitted lilac-colored dress for the wedding with one strap over the right shoulder.

Tiffany Trump’s wedding assembles a family divided over its patriarch’s political future

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CNN — By Kate Bennett -- After three days on hurricane watch, Tiffany Trump breathed a sigh of relief. The weather in Palm Beach, Florida, was finally easing and the forecast for Saturday, her wedding day, looked sunny and warm. Two people familiar with the bride-to-be’s mood tell CNN that Donald Trump’s younger daughter, his only child with second wife Marla Maples, had been “stressed” about the late-season storm and what it might mean for her Mar-a-Lago celebration with 25-year-old Michael Boulos, her boyfriend of four years. But even though Tropical Storm Nicole is moving on, the Trumps may still be in for some tumult over the weekend. They’re gathering as their patriarch makes moves toward a 2024 presidential run, a prospect not everyone in the family is excited about. Some of them are signaling they don’t want to be involved much, if at all, sources close to the family tell CNN.

Three people familiar with the former president’s activities say he is not in the best of spirits. Many of the high-profile candidates he endorsed in the midterms failed to secure a win, and now some Republicans are whispering about his dwindling influence over the party. Trump is “cranky,” says one of the people. At present, say those who are familiar, Trump is more focused on his “special announcement” on Tuesday, when he may – or may not – announce his planned third run for the presidency. His mind is consumed with the 2024 political landscape and where and how he will fit into it. But first he has to get through one other job: Father of the bride.

Trump typically likes being the center of attention at his private club, which also serves as his home, but only if he’s being congratulated or in the mood for accolades. The run-up to Tiffany’s big day has been rough and, as the skies clear and her guests descend on Mar-a-Lago, sources say the former president is lying low. Two of the people familiar with Trump’s mood say he has also been on the outs with his wife, Melania Trump, after a post-election day news report said she got the brunt of his ire after Dr. Mehmet Oz’s loss in his run for the US Senate. The New York Times reported that Donald Trump blamed Melania Trump for his endorsement of the TV doctor; during a rally this year, he mentioned his wife was a big Oz fan.

Egypt: Lebanese pop star Elissa faces barrage of abuse for supporting Alaa Abd el-Fattah

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by middleeasteye.net -- Lebanese pop star Elissa is being targeted by Egyptian social media users for retweeting a post earlier this week in support of imprisoned British-Egyptian activist Alaa Abd el-Fattah. She later deleted the tweet. Abd el-Fattah was a leading figure in the 2011 Egyptian revolution and has spent eight of the past 10 years in jail on various charges. He was sentenced to five years in prison for "spreading false news" in December 2019, in a trial widely condemned by human rights defenders. Following a seven-month hunger strike, during which he only consumed 100 calories per day, Abd el-Fattah stopped drinking water on Sunday to coincide with the opening of the United Nations Cop 27 climate summit in Sharm el-Sheikh. Elissa came under fire for retweeting a post by a Lebanese journalist calling for a protest in front of the British embassy in Beirut in solidarity with the activist. The post angered pro-government Egyptians on social media, who launched an Arabic hashtag which translates as "Elissa you are not welcome in Egypt".

The Lebanese singer subsequently deleted her post and replaced it with a tweet praising Egypt for hosting the climate summit, and calling it her "second country". The attacks on Elissa continued, however, with some calling on fans to boycott her concert in Egypt later this month. Many social media users also criticised her for "interfering" with Egyptian affairs, saying the pop star should instead be "looking at the disasters in her own country". Lebanon has been going through a cataclysmic financial meltdown that has paralysed the country for the past three years and pushed more than 80 percent of the population into poverty. "Instead of interfering, stand in solidarity with your own people who have nothing to eat. The aid fleet that [President Abdel Fattah] el-Sisi sent to Lebanon was wasted [on you]," one Egyptian tweeted.

Lebanon fails to elect president for the 5th time

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by Xinhua & Naharnet - BEIRUT: Lebanon’s parliament failed to elect a president for the 5th time on Thursday, bringing the country closer to institutional deadlock amid a deep financial crisis. President Michel Aoun’s term ended on Oct. 31, leaving behind a political vacuum and divisions among political blocs over the makeup of a new cabinet. The voting session, which 108 deputies attended out of 128, resulted in 44 votes for parliament member Michel Mouawad, six votes for University professor Issam Khalife, one vote for former Interior Minister Ziad Baroud, and one vote for former Secretary General of Lebanon's High Council for Privatization Ziad Hayek, as well as 47 blank votes, and scattered votes for political slogans.

Hezbollah rejects the candidacy of Mouawad, who is seen as close to the United States, and calls for a "compromise candidate" to be found. "Neither camp can impose a candidate, a compromise must be found and an understanding reached on a candidate acceptable to everyone," deputy speaker Elias Bou Saab told AFP in an interview on Tuesday.

A second round was cancelled due to lack of quorum, after some MPs left the session before the second round as they did in the past four sessions. Former candidate for World Bank chief Ziad Hayek garnered one vote in the first round and seven MPS voted "The New Lebanon". One MP voted "For Lebanon" and MP Michel Douaihy, who had announced last month his withdrawal from the Change bloc, voted "Plan B". Change MPs demanded an open session until the election of a President. "The chamber must be locked, and the Lebanese must rally outside Parliament until a President is elected," Change MP Elias Jradeh said. MP Melhem Khalaf said during and after the session that the constitution says that Parliament must stay convened until a president is elected. So did Kataeb chief MP Sami Gemayel. Both called for an open session even if it lasts for days, citing the Article 49 of the constitution.