While promising at first glance, in its current shape the draft bill is characterised more by ambiguities than substance. For example, the proposal fails to mention whether the lifting of banking secrecy is retroactive or offers a proper framework to determine when lifting banking secrecy is appropriate. Instead, the law includes rather obscure provisions for banks to deny requests for information, while opening the door to abuse of power.
Rockets & Feathers: Why Lebanon’s Fuel Prices Rise Fast and Fall Slow
During the spring, everyone said the same thing: the Iran War had pushed oil prices up, causing gasoline and diesel prices to rise as well. Oil then came down again, with the global benchmark Brent crude dipping below its pre-war price by July, but Lebanese were at...
