DIRS.INFO The most relevant business & tech news

☆ Forward's leaders are already recruiting for a new startup, just a week after the healthcare company shut down
▼ + stars: | 2024-11-22 | by ( Rob Price | Rebecca Torrence | ) www.businessinsider.com time to read: +2 min

AdvertisementHealthcare startup Forward just closed its doors last week, but its executives are already onto their next venture. Related VideoLesser told former Forward employees that Aoun will serve as a cofounder, board member and advisor to the new startup, per the messages. It's unclear what the startup will focus on as a business or if any of Forward's previous investors will be involved in the new venture. AdvertisementIt's an ultra-quick turnaround from Forward's leaders after the startup announced on November 13 that it would immediately shutter its more than a dozen locations and lay off its nearly 200 employees. AdvertisementOn a Friday episode of The Information's More or Less podcast, Aoun said he's already hearing interest from Forward's investors to back his next venture.

Persons: Adrian Aoun, Jonathan Lesser, Bali Raghavan, Lesser, Salesforce's Marc Benioff, Raghavan didn't, —, Aoun, he's, I've Organizations: Healthcare, Bali, Business, Forward, Khosla Ventures, Softbank Locations: Silicon Valley

☆ Exclusive: Health AI startup Anterior raised $20 million from NEA and Sequoia. Here's the pitch deck it used.
▼ + stars: | 2024-06-10 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Many healthcare startups have targeted administrative tasks on the provider side, like SmarterDx, which just raised a $50 million Series B in June. Wu said NEA chose to invest in Anterior in part because of its focus on health plans. Anterior's $20 million Series A will help the startup accelerate hiring to take on more health plan customers, Mahmoud said. Wu said the firm sees a big opportunity for Anterior to package a range of tools for health plans as AI technologies become more widespread. See the 18-slide pitch deck Anterior used to grab a $20 million Series A.

Persons: —, It's, Mustafa Suleyman, Adrian Aoun, Blake Wu, Abdel Mahmoud, we'd, we've, Mahmoud, Wu, Anterior's Organizations: Service, NEA, Business, Sequoia, Lion, Microsoft, Cohere, Meta, Google, McKinsey & Company, Amazon Locations: Sequoia Arc

☆ Explainer: What is Hezbollah? The Lebanese group backing Hamas in its war with Israel
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +8 min

Members of Hezbollah march with party's flags during a rally marking al-Quds Day, (Jerusalem Day) in Beirut, Lebanon May 31, 2019. Backed by Iran, Hezbollah has said it is ready to help when the time comes in the war between Israel and Hamas, which is also backed by Tehran. While other groups disarmed after Lebanon's civil war, Hezbollah kept its weapons to fight Israeli forces that were occupying the predominantly Shi'ite south of the country. Hezbollah demonstrated its military advances in 2006 during a five-week war with Israel, which erupted after it crossed into Israel, kidnapping two soldiers and killing others. Hezbollah's influence is underpinned by its sophisticated arsenal and the support of many Lebanese Shi'ites who say the group defends Lebanon from Israel.

Persons: Aziz Taher, Israel, Bashar al, Assad, Sayyed Hassan Nasrallah, Tzachi Hanegbi, Benjamin Netanyahu, Hanegbi, Lebanese Shi'ites, Rafik al, Hariri, Michel Aoun, Imad Moughniyah, Nasrallah, Tom Perry, Mark Heinrich Our Organizations: REUTERS, Rights, Hamas, Guards, United, Islamic, West, Maronite Christian, Marine, U.S ., European Union, Thomson Locations: Quds, Jerusalem, Beirut, Lebanon, Rights BEIRUT, Israel, Palestinian, Iran, Tehran, Lebanese, United States, Syria, ISRAEL, Gaza, Iraq, Saudi Arabia, Yemen, LEBANON, Saudi, U.S, Arab, Argentina, Buenos Aires

☆ Explainer: What you need to know about Hezbollah, the group backing Hamas against Israel
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +8 min

☆ Hezbollah, Hamas claim attacks on Israel from Lebanon
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +3 min

[1/3] Flame and smoke rise over Lebanon as seen from Israel's border with Lebanon, in northern Israel, October 10, 2023. The violence, triggered by the war between Israel and Palestinian militants, marks the most serious escalation along the Lebanese-Israeli frontier since the 2006 conflict between Hezbollah and Israel. The Israeli army said no injuries were reported in Tuesday's attack by Hezbollah, three of whose fighters were killed on Monday in Israeli shelling into Lebanon. A salvo of rockets was also fired from Lebanon into Israel on Tuesday, in an attack a security source in Lebanon said was carried out by Palestinian factions. Hezbollah, founded by Iran's Revolutionary Guards in 1982, has close ties to the Palestinian groups fighting Israel.

Persons: Ammar Awad, Lebanon Joanna Wronecka, Abdallah Bouhabib, Joseph Aoun, General Security Elias Bayssari, Laila Bassam, Henriette Chacar, Maya Gebeily, Tom Perry, Alison Williams, David Gregorio, Jonathan Oatis Organizations: REUTERS, Rights, Palestinian Hamas, Lebanese, Palestinian, Islamic, United Nations, General Security, Twitter, Iran's, Guards, Sunday, Israel, Thomson Locations: Lebanon, Israel, Rights BEIRUT, Palestinian, Gaza, Iran, Lebanese, Tyre, Beirut, Jerusalem

☆ What is Lebanon's Hezbollah?
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +5 min

ORIGINSIran's Revolutionary Guards founded Hezbollah in 1982 to export its Islamic Revolution and fight Israeli forces that had invaded Lebanon. Lebanese parties opposed to Hezbollah say the group has undermined the state and accuse it of unilaterally leading Lebanon into conflicts. Hezbollah fighters took over parts of Beirut after the government vowed to take action against the group's military communications network. Referring to those attacks and hostage-taking, Hezbollah leader Nasrallah said in a 2022 interview they were carried out by small groups not linked to Hezbollah. TERRORIST DESIGNATIONSWestern countries including the United States designate Hezbollah a terrorist organisation.

Persons: Aziz Taher REFILE, Israel, Bashar al, Assad, Sayyed Hassan Nasrallah, Saudi Arabia spiralled, Syria, Rafik al, Hariri, Michel Aoun, Imad Moughniyah, Nasrallah, Tom Perry, Elaine Hardcastle Organizations: REUTERS, Rights, Guards, Islamic, POWER Hezbollah, United, West, Marine, U.S ., European Union, Thomson Locations: Halta, Lebanon, Israel, Rights BEIRUT, Gaza, Iran, Lebanese, United States, Syria, Iraq, Saudi Arabia, Yemen, LEBANON, Beirut, Saudi, U.S, Arab, Argentina, Buenos Aires

But as it turns out, I was just not using my imagination, because this year’s Burning Man was an absolute nightmare. casey newtonA bit more of a Drowning Man than a Burning Man, I have to say. kevin rooseYeah, so as someone who’s been to Burning Man, I was fascinated by just the logistics of it all, because it is already a mess to get in and out of Burning Man. kevin rooseSo you are, in addition to a Burning Man escapee this year, you’ve been actually going to Burning Man for a long time. When I say I don’t know what happened, I don’t know what happened to prompt the things that were being directed at us.

Persons: casey newton, kevin roose, I’ve, KEVIN, casey newton It’s, you’ve, it’s, I’ll, casey newton What’s, kevin roose Bluetooth, Kevin Roose, ” casey newton, Casey Newton, Jonathan Greenblatt, Elon, Kevin, casey newton Oh, casey newton You, “ shay, denfreude, kevin roose Schadenfreude, shay, who’s, It’s — casey newton, casey newton That’s, Smart, casey newton Ugh, kevin roose —, casey newton Right, — casey newton, kevin roose What’s, casey newton Sure, ” casey newton Never, Adrian Aoun, He’s, ” adrian aoun, adrian aoun, Larry Page, Adrian, I’m, casey newton Amen, here’s, you’d, we’ve, you’re, Larry, roose, Max, Harry Potter, adrian aoun I’m, they’re, adrian aoun —, —, Rice Krispie, kevin roose Wow, let’s, adrian aoun Oh, adrian aoun She’s, She’s —, We’re, wrenches, hitchhike, I, Gerlach, kevin roose She’s, Y, It’s, They’re, — you’re, casey newton We’re, it’s Elon Musk, Elon Musk, Mark Zuckerberg, Donald Trump, West, kevin roose It’s, Casey, casey newton Well, Linda Yaccarino, Jonathan, kevin roose Jonathan, ” jonathan greenblatt, jonathan greenblatt, CHUCKLES, I’d, Linda, kevin roose You, Nick Fuentes, haven’t, Kevin —, that’s, what’s, we’re, casey newton I’ve, jonathan greenblatt I’m, We’ve, — what’s, Here’s, That’s, John, “, ”, CASEY, kevin roose Totally, Hank Green, Hank, ” Hank, hank, It’s Hank, Ben Shapiro, kevin roose Hank, Diana Dionisio, Diana, Snapchat, Jay Hepler, Jay, ” Casey, don’t, casey newton Really, casey newton I’m, Holly Godfrey, Holly, Kevin Scott, Kevin Scott’s, Bing, Rachel Cohn, Jen Poyant, Caitlin Love, Chris Wood, Dan Powell, Elisheba Ittoop, Marion Lozano, Paula Szuchman, Tam, Nell Gallogly, Kate LoPresti, Jeffrey Miranda, CASEY CHUCKLES Organizations: The New York Times, Defamation League, porta, Electric, Google, Labs, Black Rock, casey newton Fair, Burning, Reno, Defamation, Elon, Labor, Twitter, Center, ADL, Nazi, Anti, Twitter’s Trust, Safety, OG, YouTube, Cato Institute, US, Microsoft, Kevins, Davis Locations: Nevada, La Habra , California, Spanish, East, Iraq, Coachella, Bay, Solano County, Toronto, San Francisco, Silicon Valley, Hogwarts, playa, Haiti, Dunkirk, ”, Gerlach, LA, New York, Reno, it’s Reno, America, Florida, chemo, Tokyo, That’s, hardfork@nytimes.com

☆ Factbox: Lebanon's Hezbollah rises from shadows into regional force
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +5 min

Governments including the United States deem it a terrorist organisation. ORIGINSIran's Revolutionary Guards founded Hezbollah in 1982 to export its Islamic Revolution and fight Israeli forces that had invaded Lebanon. The United States estimates Iran has allocated it hundreds of millions of dollars annually in recent years. Hezbollah fighters took over parts of Beirut after the government vowed to take action against the group's military communications network. TERRORIST DESIGNATIONSWestern countries including the United States designate Hezbollah a terrorist organisation.

Persons: Sayyed Hassan Nasrallah, Aziz Taher, Imad Moughniyah, Bashar al, Assad, Nasrallah, Critics, Saudi Arabia spiralled, Syria, Rafik al, Hariri, Michel Aoun, Tom Perry, Nick Macfie Organizations: REUTERS, Rights, Guards, Islamic, United, Marine, U.S ., POWER Hezbollah, West, European Union, Thomson Locations: Lebanon, Houla, Israel, Rights BEIRUT, Lebanese, United States, Syria, Beirut, Iran, Iraq, Saudi Arabia, Yemen, LEBANON, Saudi, U.S, Arab, Argentina, Buenos Aires

☆ Lebanon PM will not extend central bank governor's mandate
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +3 min

BEIRUT, July 10 (Reuters) - Lebanon's caretaker premier, Najib Mikati, will not extend the term of central bank Governor Riad Salameh when it ends later this month, the prime minister's office said on Monday. One of Lebanon's four vice governors told Reuters that all four were considering quitting together if no successor is named, raising the possibility of a leaderless central bank amid a deep financial crisis. Mikati's deputy, Saade Chami, told Reuters last week that such a threat was "dangerous" and that the vice governors should "assume their responsibility in case this appointment is not possible." Central bank governors are typically appointed by the president, but parliament has been unable to elect a president to follow Michel Aoun, whose term ended in late October. The central bank governor, who was once a regular at banking conferences and high-end restaurants, is now rarely seen in public except for occasional media interviews.

Persons: Najib Mikati, Riad Salameh, Salameh, Saade Chami, Michel Aoun, Nabih Berri, Berri, Mikati, Maya Gebeily, Mark Heinrich, Leslie Adler Organizations: Reuters, Thomson Locations: BEIRUT, Central

☆ Lebanon’s top Christian cleric slams failed attempt to elect a president
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +2 min

BEIRUT, June 18 (Reuters) - Lebanon’s top Christian cleric said on Sunday the constitution and democratic system had been violated in "cold blood" during a failed attempt to elect a new president last week, and warned that divisions in the nation had widened. Patriarch Bechara Boutros al-Rai spoke in his first sermon since the Iran-backed Shi'ite group Hezbollah and its closest allies thwarted an attempt by factions including the main Christian parties to elect an IMF official as president. Wednesday's events marked the 12th time parliament failed to elect someone to the post - reserved for a Maronite Christian in Lebanon's sectarian system and vacant since the term of the Hezbollah-allied Michel Aoun ended in October. The Hezbollah-allied Parliament Speaker Nabih Berri ended the session when Hezbollah and its allies withdrew, denying a quorum for a second round when 65 votes are needed to win. Without naming him, Lebanon's Shi'ite mufti accused him of being backed by Israel.

Persons: Bechara Boutros, Rai, Michel Aoun, Jihad Azour, Amal, Azour, Suleiman Frangieh, Nabih Berri, Elias Audi, Berri, Maya Gebeily, Tom Perry, Hugh Lawson, Frances Kerry Organizations: Hezbollah, Maronite, Israel, Thomson Locations: BEIRUT, Iran, Israel, Lebanon

Neither Azour nor Hezbollah-backed candidate Suleiman Frangieh came close to winning the 86 votes needed to win in a first round vote. Azour, the IMF's Middle East Director and an ex-finance minister, won the support of 59 of 128 lawmakers. Hezbollah and its allies then withdrew from the session, denying the two-thirds quorum required for a second vote in which 65 votes are enough for victory. Azour thanked lawmakers who backed him, saying he hoped the will expressed by "the majority of deputies" would be respected. George Adwan, a Christian lawmaker with the anti-Hezbollah Lebanese Forces party, said the vote was "a major victory" because it showed Azour close to 65 votes.

Persons: Gebran Bassil, Azour, Suleiman Frangieh, Frangieh, Nabih Berri, Michel Aoun, Hussein al, Haj Hassan, Bashar al, Assad, George Adwan, Mohamed Azakir, Matthew Miller, Miller, Mohanad Hage Ali, Riad Salameh, Sheikh Ahmad Qabalan dialled, Issam Abdallah, Simon Lewis, Tom Perry, John Stonestreet, Mark Heinrich, William Maclean Organizations: BEIRUT, Hezbollah, IMF, Maronite, Hezbollah Lebanese Forces, REUTERS, U.S . State Department, Carnegie Middle East Center, West, Thomson Locations: Lebanon, Iran, Muslim, Saudi Arabia, Lebanese, Yemen, Beirut, Washington, U.S, United States, Israel, Damascus

☆ What the chaos at Twitter means for the future of social movements
▼ + stars: | 2023-06-11 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

CNN —When thousands of Egyptians marched through the streets during the Arab Spring of 2011, they had a tool at their disposal that earlier social movements didn’t: Twitter. Peter Macdiarmid/Getty Images“You can’t underestimate the impact of Twitter to social movements,” Amara Enyia, manager of policy and research for the Movement for Black Lives, told CNN. “There are now issues in how people see Twitter as a source of information and a source of political community,” said Kuo, whose research focuses on race, social movements and digital technologies. “It isn’t seen in the same way anymore.”Elon Musk's controversial policy changes at Twitter could have implications for social movements, some activists say. Twitter has been an incredibly powerful tool for social movements, Enyia said.

Persons: Michael Brown, George Floyd, Harvey Weinstein, Peter Macdiarmid, ” Amara Enyia, Elon Musk, wouldn’t, Rachel Kuo, ”, Kuo, ” Elon, Carina Johansen, NTB, Musk, Sarah Aoun, Aoun, Donald Trump, Marjorie Taylor Greene, ” Aoun, Linda Yaccarino, Rich Wallace, Wallace, Chandan Khanna, we’ve, ” Kuo, Enyia, it’s, Jack Dorsey, Richard Drew, –, ” Enyia, don’t Organizations: CNN, Twitter, Occupy, Hollywood, Movement, Elon, University of Illinois, Getty, Intelligence, Protesters, Center, Defamation League, GOP, Equity, AP Locations: New York, Ferguson , Missouri, Cairo, Egypt, Urbana, Champaign, AFP, cybersecurity, Tahrir, Chicago

☆ Lebanese Christian and opposition coalition nominate IMF's Azour for president
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +2 min

BEIRUT, June 4 (Reuters) - Lebanon's disparate opposition, independent and main Christian parties said on Sunday they had nominated IMF official Jihad Azour for the presidency in a challenge to Hezbollah-backed candidate Suleiman Franjieh. A meeting of the parties endorsed the nomination of Azour, currently director of the Middle East and Central Asia Department at the International Monetary Fund and also a former Lebanese finance minister. Pro-Iranian Hezbollah, the country's main armed political force, and its Shi'ite ally Amal, had backed Franjieh, 56, heir of an old Lebanese Christian political dynasty and an ally of Syrian President Bashar al-Assad with strong ties to the ruling political establishment in Damascus. "This new candidate that was announced is for us a candidate for confrontation," Hezbollah deputy Hassan Fadlallah said on Sunday, without naming Azour. Washington has warned that the administration was considering sanctions on Lebanese officials for their continued obstruction of the election of a new president and warned the paralysis could only worsen the country's crisis.

Persons: Azour, Suleiman Franjieh, Michel Aoun's, Amal, Bashar al, Assad, Michel Mouawad, Lebanon's, Beshara al, Rai, “, Hassan Fadlallah, Suleiman Al, Khalidi, Maya Geibeily, David Holmes Organizations: Central Asia Department, International Monetary Fund, Hezbollah, Lebanese Christian, Maronite, Thomson Locations: BEIRUT, East, Lebanese, Lebanon, Damascus, Azour, Syria, Iran, Arab, Washington

☆ Lebanon postpones local elections by a year to avoid more paralysis
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: +2 min

BEIRUT, April 18 (Reuters) - Lebanon's parliament on Tuesday voted to extend the terms of municipal councils and other local officials, delaying elections to avoid further political paralysis in a country still in the throes of an economic meltdown. Staggered municipal and council elections had been scheduled for May but funding has not yet been secured by the state, according to caretaker Interior Minister Bassam Mawlawi. Some parliamentarians, including from the Lebanese Forces party boycotted the vote, saying elections were a right. Others have disputed parliament's ability to legislate at all, arguing that the constitution stipulates it should elect a president before working on laws. Lawmakers have held repeated sessions to elect a new president in recent months but no candidate was able to secure a majority.

☆ Amid ongoing Lebanese stalemate, France renews sanctions threat
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +2 min

Foreign states have historically played a part in determining the presidency's fate in a country that has been a theatre for international rivalries. Two diplomats aware of the talks said Paris had brought up the issue of imposing EU sanctions targeting Lebanese leaders, although they cautioned the idea did not seem to be top of the agenda. "We call on the Lebanese authorities, Lebanese leaders, all the political leaders to get out of this constitutional impasse," foreign ministry spokesperson Anne-Claire Legendre told reporters in a daily briefing. The European Union adopted a legal framework for a sanctions regime targeting Lebanese individuals and entities in 2021 in an attempt to put pressure on the Lebanese, but it has not used it and the political and economic crisis has worsened. "We are currently examining the situation to see how we can work on these consequences," she said.

☆ Factbox: The countries in the grip of debt crises
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +8 min

LONDON, Feb 24 (Reuters) - Meetings being held in India will see top officials from the Group of 20 leading economies discuss how to help the growing number of countries now in the grip of debt crises. Below is a list of countries that have either defaulted on their international debt or are seen at risk of doing so. Prime Minister Denys Shmyhal said this week Kyiv is hoping to clinch a $15 billion, multi-year International Monetary Fund programme. But progress with Zambia's $13 billion debt rework has been glacial. EGYPTEgypt has experienced a double whammy from COVID-19 and soaring food and energy prices, and has struggled in recent years to contain its rising debt and debt servicing burden.

☆ Explainer: The probes into Lebanese central bank chief Salameh
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +5 min

BEIRUT, Feb 23 (Reuters) - Lebanese authorities charged longtime central bank governor Riad Salameh, his brother Raja and one of his assistants on Thursday with money laundering, embezzlement and illicit enrichment after months of delay in the high-profile case. Top prosecutor Ghassan Oueidat stopped Tannous from attending a Paris meeting last year with European prosecutors investigating Salameh, Reuters reported. In June 2022, Oueidat ordered a prosecutor to formally charge Salameh with crimes including money laundering, illicit enrichment, forgery and tax evasion. On Thursday, a newly appointed prosecutor, judge Raja Hamoush, charged Salameh with money laundering, embezzlement and illicit enrichment. The finance minister said this month replacing him would be difficult, citing Lebanon's political complexities.

You feel like he's on a solo mission," Tania Daou-Alam, who lost her husband in the blast, told Reuters. Bitar went on to file his own charges against several top politicians, including former ministers allied to Hezbollah. Bitar, a devout Catholic from Akkar region of the north, has charged officials from across the sectarian spectrum including Shi'ites, Sunnis and Christians. "I said from the start 'the right person is in the right place'," he added, describing Bitar as just with no political affiliations. William Noun, who lost his brother in the blast, said of Bitar's move: "This is very much a judicial uprising".

Opposition politicians said Tunisia's lowest ever turnout stripped away any facade of democratic legitimacy for Saied's political project and called directly for his ouster. Saturday's dismal turnout strongly reinforced a perception of scant public support for his plans. As a political independent, Saied lacks the nationwide support of a party apparatus that can mobilise on his behalf. "Politics has become a luxury that we cannot afford," said Lamia Gharbi, who was queuing for bread at a Tunis bakery. Successive coalition governments have failed to find a fix for public finances that can satisfy lenders without prompting a domestic backlash.

But among critics, their appearance has evoked parallels with the civil war when the state collapsed, militias controlled the streets and Beirut split into cantons. Such criticisms are rejected by Gemayel, a lawmaker in the Kataeb Party whose father, Bashir, led the main Christian militia in the civil war until he was assassinated in 1982 after being elected president. Lebanon's sectarian parties disarmed at the end of the war, bar Hezbollah, which kept its arsenal to fight Israel. Their pervasive influence is never far from the surface and tensions are common in a country awash with guns. Supporters of different groups fought deadly clashes in Beirut as recently as last year.

☆ Seeking compromise candidate, Lebanese politician Bassil leaves door ajar for presidency bid
▼ + stars: | 2022-11-17 | by ( John Irish | ) www.reuters.com time to read: +3 min

I did not do this to have the vacancy and a bad person to fill the void," he said. "I will not accept to have a bad president and in that case of course I would run." France has spearheaded international efforts to rescue Lebanon from its deepest crisis since the civil war, but to no avail. "That's why the country can't take this and live with it so we need to succeed in finding a solution." Reporting by John Irish in Paris Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Gulf states use new oil riches to gain regional influence
▼ + stars: | 2022-10-31 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +13 min

“Money talks,” Michael Maduell, president of the Sovereign Wealth Fund Institute in Las Vegas, told CNN. Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, last week announced that the nation’s wealth fund, the Public Investment Fund (PIF), is establishing five regional companies worth $24 billion across the Middle East. One of the key regional investment destinations for both Abu Dhabi and Riyadh has been Egypt. Once a regional rival, Turkey is now an economic ally of Saudi Arabia and the UAE. Despite a political thaw, Gulf investments in Iran and Syria are unlikely for the time being, say analysts.

☆ President Aoun leaves office as Lebanon's crisis worsens
▼ + stars: | 2022-10-30 | by ( Maya Gebeily | ) www.reuters.com time to read: +3 min

[1/2] A billboard depicting Lebanon's President Michel Aoun, whose term is expected to end on October 31, is placed in Jdeideh, Lebanon October 27, 2022. In his final week in the palace, he signed onto a U.S.-mediated deal delineating Lebanon's southern maritime border with Israel. "Aoun's was the strongest era in all of Lebanon's history,” said Lama Nohra, a 32-year-old supporter and mother of three young children. "He was by far the worst president in Lebanon’s history" said Michel Meouchi, a lawyer and father. In 2006, his Free Patriotic Movement formed an alliance with Hezbollah, which lent important Christian backing to the armed group.

☆ Israel, Lebanon finalise maritime demarcation deal without mutual recognition
▼ + stars: | 2022-10-27 | by ( ) www.cnbc.com time to read: +1 min

Israeli and Lebanese leaders finalised a U.S-brokered maritime demarcation on Thursday, bringing a measure of accommodation between the enemy states as they eye offshore energy exploration. Leaders from Lebanon, Israel and the United States have all hailed the deal as "historic" but the possibility of a wider diplomatic breakthrough remains slim. Prime Minister Yair Lapid signed separately in Jerusalem, saying the deal was a "tremendous achievement" that had produced Lebanon's de facto recognition of Israel. But Aoun later said the deal was purely "technical" and would have "no political dimensions or impacts that contradict Lebanon's foreign policy". Lower-level delegations from each country headed to the United Nations' peacekeeping base at Naqoura along their contested land border, which has yet to be delineated.

☆ Lebanon signs maritime border deal, Israel expected to follow suit
▼ + stars: | 2022-10-27 | by ( Maya Gebeily | ) www.reuters.com time to read: +1 min

BAABDA/JERUSALEM, Oct 27 (Reuters) - Lebanese President Michel Aoun on Thursday signed a letter approving a landmark U.S-brokered agreement laying out the country’s maritime boundary with Israel, Lebanon's top negotiator told reporters. Israel was set to follow suit in approving the deal, which marks a diplomatic departure from decades of hostility, later in the day. Hailed by all three parties as a historic achievement, the deal will be signed separately in Jerusalem by Israeli Prime Minister Yair Lapid following his cabinet's approval. "If one side violates the deal, both sides lose," Hochstein told reporters. An offshore energy discovery - while not enough on its own to resolve Lebanon's deep economic problems - would be a major boon, providing badly needed hard currency and possibly one day easing crippling blackouts.

Search resuls for: "Aoun"

25 mentions found