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BEIRUT: The Lebanese pound resumed its fall Wednesday after a brief respite, trading at LL17,750 to the dollar on the black market, exchange dealers said. They said they were buying the greenback for LL17,700 and selling it for LL17,800, compared to LL17,750 over the last two days. The pound has now shed over the past three weeks almost all its …

BEIRUT: Prime Minister Najib Mikati has denied any wrongdoing after he was named in the Pandora Papers among political and financial officials with wealth hidden in offshore tax havens. The Pandora Papers, published on Sunday, are based on 11.9 million confidential files leaked to the International Consortium of Investigative Journalism (ICIJ), which found links to more than 330 politicians and …

BEIRUT: Judge Tarek Bitar summoned Tuesday a former prime minister and three ex-ministers for interrogation on suspicion of negligence and maladministration over last year’s catastrophic Beirut Port blast, judicial sources said. The sources said Bitar set Oct. 12 to interrogate former Finance Minister Ali Hasan Khalil, Oct. 13 to question former Interior Minister Nouhad Machnouk and former Public Works Minister …

BEIRUT: The European Union is ready to support the Lebanese government’s plan to rescue the debt-ridden country from its worst economic and financial crisis, the EU Ambassador to Lebanon Ralph Tarraf said Tuesday. Tarraf spoke to reporters after he and ambassadors of other EU countries in Lebanon met with Prime Minister Najib Mikati, who briefed them on the government’s financial …

BEIRUT: The Lebanese pound rose on the black market Friday, trading at LL16,850 to the dollar, ending a six-day losing streak. Exchange dealers said they were buying the greenback for LL16,800 and selling it for LL16,900, compared to LL17,400-LL17,500 Thursday. The pound’s respite came after Lebanon named members of its team to conduct negotiations with the International Monetary Fund, whose …