Omar Tamo

Lebanon’s reconstruction and recovery needs are estimated at $11 billion, the World Bank says. Economic cost of the war on Lebanon: $14 billion. Damage to physical structures amounts to $6.8 billion. Housing damages at $4.6 billion. Real GDP shrank 7.8% in 2024. https://t.co/Dp2nPthU6o

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Saudi Arabia and Lebanon are looking into resuming Lebanese exports to the kingdom - via Bloomberg. The two will look into reinstating procedures that would allow Saudi citizens to travel to Lebanon Lebanese President Aoun also invited Saudi Crown Prince MBS to visit Lebanon.

If your home in Lebanon was damaged during the war, has the Lebanese government, any agency or political party contact you for support? My DMs are open for privacy

Hundreds of thousands of mourners attended the funerals of Hezbollah’s longtime chief Hassan Nasrallah and his heir Hashem Safieddine on Sunday, even as Israel escalated airstrikes on Lebanon, the most intense wave of attacks since November’s ceasefire. https://t.co/eDWIB5j4aQ

BlackRock names Michel Aubenas as head of emerging markets fixed income, replacing Amer Bisat, who’s leaving the world’s largest asset manager to become Lebanon’s economy minister - via Bloomberg.

Lebanon’s defaulted eurobonds rallied amid speculation that key government ministers will kickstart economic reforms and debt restructuring, despite the country's daunting challenges These bonds made some of the biggest gains among developing-nation peers https://t.co/ufQSy9245r

Lebanon’s government eurobonds rose about 6.5% to the highest level since 2020 as investors bet on reforms after forming a new cabinet. Bonds gained over 200% in a year. Lebanon defaulted on $30 billion in debt about 5 years ago. They are still far into distressed territory. https://t.co/wnrYFLlxOK

Back to square one. Lebanon's new finance minister says there won't be haircuts on deposits, reviving old statements by policymakers that broke down attempts to fix the financial sector Wonder how Lebanon will fill an $80 billion hole - 4x size of economy - without a haircut 😀

Al Jadeed News @ALJADEEDNEWS

وزير المال #ياسين_جابر لـ #الجديد: لا يمكن شطب الودائع والحل يبدأ من مصرف لبنان

Lebanon has appointed Amer Bisat, a BlackRock money manager, as economy minister to help the country recover from a severe financial crisis - Bloomberg. Veteran lawmaker Yassine Jaber was named finance minister. Ex-World Bank specialist Haneen Sayed was named social minister.

Lebanon's president signs a decree to form a government of 24 ministers. Names to be announced shortly.

Lebanon is expected to announce the formation of a new government in the coming minutes. The new cabinet is expected to include BlackRock's money manager Bisat, former World Bank specialist Sayed and veteran lawmaker Yasine Jaber as finance minister.

Israel's fire on citizens of south Lebanon towns killed at least 3 people and wounded over 40 others - via BBG Lebanese Army says one of its soldiers was killed by Israeli fire Note: Ceasefire is set to expire today; the Lebanese army can't take action without a state decision.

Israeli assaults against Lebanese in several southern towns killed 2 people and injured over 30 others. Lebanese are defying Israel’s restrictions on entry to IDF-controlled towns. Lebanese cabinet remains silent, while the army cannot take action without a state decision.

RT @AzarsTweets: Some interest statistics from BDL over the last year 1. Today, BDL's monetary policy is exclusively to take taxpayer mone…

Banque du Liban collected $210 million over two weeks in January after the election of a new president and prime minister. Lira in circulation increased by 18.5 trillion, indicating that BDL withdrew dollars from the market as residents gambled on a lira appreciation. Wrong bet.

Just a few hours into the Gaza ceasefire deal, and now it risks collapsing. Israel is accusing Hamas of breaking promise on parts of the pact. Security cabinet still hasn't voted it, despite a deal being announced. Israel finance minister and far-right are opposing the deal.