Latest news with #FinanceandBudgetCommittee
L'Orient-Le Jour
31-07-2025
- Business
- L'Orient-Le Jour
Israeli far-right eyes Gaza settlements, Lebanon moves on Hezbollah arms as party chief holds firm: Everything you need to know this Thursday
Want to get the Morning Brief by email? Click here to sign July 31, 2025Compiled by Abbas key things to watch today:10:00 a.m.: Finance and Budget Committee meeting chaired by MP Ibrahim Kanaan to review the subcommittee's report and amendments on the banking sector reform draft law.11:00 a.m.: Speaker Nabih Berri has called a legislative plenary session to study and discuss the bills and proposed laws on the agenda. 11:00 a.m. Sit-in by the Committee for the Defense of Tenants' Rights in Lebanon, in front of Parliament.11:00 a.m.: Meeting of Sheikh Sami Abilmona, Druze spiritual leader, at the Druze Religious Council in Verdun.3:00 p.m.: Lebanese Communist Party, family, and friends of artist Ziad Rahbani, and Sawt Al Shaab Radio receive condolences at AUB Alumni Hall – Hamra (until 7:00 p.m.). Israeli...
L'Orient-Le Jour
24-07-2025
- Politics
- L'Orient-Le Jour
Israeli president visits a starving Gaza as cease-fire talks stall: Everything you need to know this Thursday
Want to get the Morning Brief by email? Click here to sign July 24, by Abbas key things to watch today:Developments in the Gaza war and efforts to broker a new in Lebanon amid efforts to disarm Hezbollah and continued Israeli after U.S. envoy Tom Barrack visited Israel.10 a.m.: Finance and Budget Committee meets to discuss bank reform law. Israel denies role in starving dozens: Israel denied causing a famine in Gaza and blamed Hamas, contrasting with widespread international condemnation of its restrictions on the entry of vital supplies, imposing near-famine on nearly two million inhabitants who are beginning to starve to death. According to Gaza's health ministry, over 110 people, including 80 children, were killed by starvation over the past days. Gaza...
L'Orient-Le Jour
23-07-2025
- Business
- L'Orient-Le Jour
Paris welcomes Lebanon's progress on financial reforms and pledges new international aid conference
BEIRUT — Ibrahim Kanaan, head of Lebanon's parliamentary Finance and Budget Committee, met with Jacques de Lajugie, special envoy of French President Emmanuel Macron, on Wednesday at the Parliament headquarters to discuss ongoing financial reforms. According to a statement posted by Kanaan on X, the talks focused on legislative measures underway to implement these reforms. De Lajugie conveyed "the appreciation and positive view of the French government and the international community concerning the progress made," particularly highlighting the adoption on July 21 by a parliamentary subcommittee of the banking sector resolution bill. The bill still requires approval by the full Finance Committee before being presented to a plenary session. Alongside the recently approved revision of the banking secrecy law and the "financial hole" bill currently in development, these legislative texts form "the required foundation to begin the recovery process," de Lajugie said. He also noted that Paris is preparing a new international conference to support Lebanon, planned between the fall and the end of 2025, following the event held last autumn during Israel's war in Lebanon against Hezbollah. Both sides agreed to maintain coordination to "restore confidence in the Lebanese financial and banking system." They stressed that the immediate priority is for Beirut to submit the "financial regulation and deposits restitution bill, so that it can be debated and adopted by Parliament, and so it lays the groundwork for a return of confidence, both nationally and internationally," the statement said.
MTV Lebanon
30-06-2025
- Business
- MTV Lebanon
Parliament approves funding allocations for judiciary, university faculty mutual funds
The Parliament has approved a series of urgent draft laws related to supplementary budget allocations for the year 2025, aimed at supporting mutual funds for the judiciary and university faculty. Lawmakers passed a LBP 1,500 billion allocation to the Judges' Mutual Fund, in accordance with the format approved by the Finance and Budget Committee. The Parliament also ratified the expedited draft law (Decree No. 298) to open an additional credit line in the 2025 general budget to fund the same contribution. Additionally, Parliament approved an expedited draft law (Decree No. 385) to open a supplementary budget credit under the Ministry of Education and Higher Education. This funding is designated for the Mutual Fund of Lebanese University faculty members, to cover social and healthcare support. A total of LBP 1,320 billion was allocated to the fund, also in line with the recommendations of the Finance and Budget Committee. These allocations aim to ensure the continuity of key social benefits for members of the judiciary and higher education institutions in Lebanon.
L'Orient-Le Jour
03-05-2025
- Business
- L'Orient-Le Jour
A tense first session in committee over bank restructuring
After the very positive signals sent to the IMF and Lebanon's partners with last week's vote on a new revision of the banking secrecy law and the submission to Parliament of the framework draft law on banking resolution, storm clouds started to gather over this matter and the related issue of loss parliamentary Finance and Budget Committee met on Tuesday to review the banking resolution draft law. The session took place in a climate marked by political and institutional tensions. It brought to light the extent of disagreements among parliamentary blocs regarding the reasons behind the crisis, who is responsible for it, and how to align this draft with the still-pending law on loss distribution — officially referred to as the 'Law on addressing the financial gap.''Systematic crisis' and political messagesA central...
