Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 14/07/2020 23:12 
20.10.2019 15:05 News >> Lebanon Banks To Shut As Anti-Gov't Protests Continue

Lebanon Banks To Shut As Anti-Gov't Protests Continue

Lebanese protests against gov't plans to increase taxes entered their fourth day.

By Raya Shartouni

All banks in Lebanon will close on Monday as anti-government protests entered their fourth day against plans for tax increases.

"As the popular movements in the country continue ... the association announces that banks will remain closed on Monday," the Association of Banks in Lebanon said in a statement.

The move comes as thousands of demonstrators continued their anti-government protests on Sunday to pile pressure on the cabinet of Prime Minister Saad Hariri to drop plans to raise taxes.

Lebanon has one of the world's highest debt burdens at $86.2 billion in the first quarter of this year. This accompanied by high youth unemployment that has brought people on the edge.

Hariri has blamed his partners in government for obstructing economic reforms that could resolve the crisis and gave them a 72-hour deadline to stop blocking him, otherwise hinting he may resign.

On Saturday, the Christian Lebanese Forces party said its four ministers in the government would resign with party leader Samir Geagea calling for drawing up a new cabinet.

The resignations came hours after Hezbollah leader Hassan Nasrallah said his group was against the government's resignation. -



        Latest News
Galatasaray Extend Contract With Head Coach Erdogan -42 minutes ago...
Ertugrul Erdogan signs new deal for 2020 21 season with option to extend it for another year.
India: Trials Of 2 Indigenous COVID-19 Vaccines Begin -27 minutes ago...
India, third worst hit country globally, records over 900,000 cases of novel coronavirus.
Kenyan President Hails Peace Progress In S.Sudan -27 minutes ago...
Uhuru Kenyatta appeals to S.Sudanese leaders to empower institutions of governance in favor of sustainable peace, stability.
COVID-19: S.African Teachers Call For School Closures -11 minutes ago...
Health minister says South Africans should learn to adopt how to live with virus.
UAE's Top Diplomat Calls For Urgent Cease-Fire In Libya -41 minutes ago...
Call comes after pro Haftar Tobruk parliament gives Cairo green light to 'protect Egypt and Libya national security'

 
      Top News
At Least 100,000 Victims Of Slavery In UK: Report At Least 100,000 Victims Of Slavery In UK: Report
Canada: Trudeau Apologizes For Alleged Ethics Breach Canada: Trudeau Apologizes For Alleged Ethics Breach
Top UN Court Backs Qatar In Row With Neighbors Top UN Court Backs Qatar In Row With Neighbors
Europe Industrial Output Down Over 20% In May Europe Industrial Output Down Over 20% In May
Turkish Novelist Adalet Agaoglu Dies At 91 Turkish Novelist Adalet Agaoglu Dies At 91
Charlize Theron Sings Praises Of Turkish Baklava Charlize Theron Sings Praises Of Turkish Baklava
Lewis Hamilton Pledges 'Lifelong' Fight Against Racism Lewis Hamilton Pledges 'Lifelong' Fight Against Racism
Turkey: Museum Of Coup Bid Draws Half-Million Visitors Turkey: Museum Of Coup Bid Draws Half-Million Visitors
UPDATE-Turkey: 6 More Migrant Bodies Pulled Out Of Lake UPDATE-Turkey: 6 More Migrant Bodies Pulled Out Of Lake
Ghana Reports Nearly 700 New Coronavirus Cases Ghana Reports Nearly 700 New Coronavirus Cases