Archive for November, 2009
Phalange quits March 14 to follow an independent path
Al-Afkar magazine: Phalange Party leader and former Lebanese president Amin Gemayel said that his party broke off from the March 14 alliance to follow an independent path. He stressed, however, that the party still believes in the principles of March 14 and the Cedar Revolution. Gemayel also said that keeping Hezbollah’s arms contradicts international resolutions. He also accused Syria of failing to finalize the border demarcation with Lebanon and not acknowledging that the Shebaa farms are Lebanese. Source: Now Lebanon
European banks face potential losses on $40 billion in exposure to Dubai
European banks face potential losses on an estimated $40 billion in exposure to Dubai after the city state’s largest corporate entity, Dubai World, asked creditors for a six month standstill on debt repayments, raising fears that recent signs of improvements in banks’ bad debt levels could reverse and Dubai’s problems could weigh on the global recovery.
Most banks on Thursday said their exposure to Dubai and Dubai World is small or wouldn’t comment. Dubai World accounts for about $60 billion of the city state’s $80 billion in liabilities, of which half is estimated by Credit Suisse analysts to be held by European banks. Source: Dow Jones
The ministerial committee ends meetings, adopts statement
The ministerial committee is meeting for the tenth time at the grand Serail. The committee adopted the last draft but there were reservations by some March 14 ministers …Salim Sayegh and Boutros Harb. Source: Dalati & Nohra
The comittee adopted final draft of ministerial Policy Statement
The committee charged with drafting the ministerial Policy Statement adopted the final draft amid reservations by Ministers Boutros Harb and Salim al-Sayegh.
Harb: March 14 added 2 articles to the ministerial policy statement
Labor Minister Boutros Harb: March 14 forces managed to add two articles to the ministerial policy statement
Obama congratulates Suleiman on the occasion of Eid al-Adha.
Lebanese President Michel Suleiman received a telegram of congratulations from U.S. President Barack Obama on the occasion of Eid al-Adha.
Khalil: Geagea annoyed by the reconciliation meetings for being excluded
Amal MP Ali Hassan Khalil : “The Lebanese Forces leader Samir Geagea seems annoyed by the recent reconciliation meetings and being excluded from them.”
Geagea: Hezbollah exposes Lebanon to threats
Lebanese Forces leader Samir Geagea: The Taif Accord does not mention the resistance or Hezbollah in any of its clauses, stressing that the party’s current status – as an armed political group – exposes Lebanon to threats.
Makkawi: I resigned for Lebanon’s best interests & to avoid duplication of efforts
Chairman of the Lebanese-Palestinian Dialogue Committee Khalil Makkawi told Voice of Free Lebanon: I submitted my resignation “to ensure Lebanon’s best interests and to avoid duplicating efforts in the follow-up” on Lebanese-Palestinian relations. He said he made his decision after President Suleiman and PM Hariri agreed to put Minister Wael Abu Faour in charge of the Palestinian dossier.
Zahra: We accepted amendments to the policy statement, but they were not enough
MP Antoine Zahra told Future TV: We accepted amendments to the policy statement, but they were not enough. The Lebanese Forces reserves the right to review the policy without being against the government strategy.
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