Since the early years of the Syrian civil war, Israel’s most threatening combatant has been busier on a different front. The Lebanese militant Hezbollah group, which last fought a war with Israel in 2006, has invested heavily since 2013 in helping Syrian President Bashar al-Assad prevail against groups that rebelled against him.
Lebanon’s central bank will stick to its financial operations in 2019, central bank governor Riad Salameh told Reuters, adding a rise in global interest rates is concerning policymakers in the heavily indebted country. Lebanon - which has the world’s third highest debt-to-GDP ratio and suffers from stagnant growth - has faced increasing pressure in recent months amid a political stalemate that has prevented the formation of a government since elections some seven months ago.
Moody's Investors Service on Thursday changed the outlook to negative from stable on Lebanon's issuer ratings and affirmed the ratings at B3.