Lebanon struggles to restore normality amid protests

Banque du Liban, the country’s central bank, provided banks with money from their deposits in order to meet citizens’ needs. (Reuters)
Updated 22 October 2019
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Lebanon struggles to restore normality amid protests

  • The ISG urged Lebanese authorities to address people’s complaints, demanding structural reforms and responsible and acceptable social changes that truly curb corruption and waste
  • Such changes, the ISG said, should ensure proper governance and full accountability, and lead to sustainable and stable growth

BEIRUT: Lebanese banks will remain closed in light of nationwide protests for the fifth consecutive day, the Association of Banks in Lebanon announced.

However, Banque du Liban, the country’s central bank, on Tuesday provided banks with money from their deposits in order to meet citizens’ needs.

Meanwhile, Education Minister Akram Chehayeb ordered all schools and universities to resume classes on Wednesday “in order to preserve the interests of students and to preserve the academic year.”

Prime Minister Saad Hariri met with the International Support Group (ISG) for Lebanon, which includes envoys from the US, Russia, France, Britain, Germany, Italy, the EU, China and the Arab League, as well as the UN special coordinator for Lebanon, Jan Kubis. 

The ISG urged Lebanese authorities to address people’s complaints, demanding “structural reforms and responsible and acceptable social changes that truly curb corruption and waste, away from sectarianism.”

Such changes, it said, should “ensure proper governance and full accountability, and lead to sustainable and stable growth.”

Kubis said Hariri “committed that the government and its legitimate security forces will continue to protect civilians who are demonstrating peacefully, and will take appropriate measures against any possible violent incitement, to protect public and private property and institutions, and the people’s right to peacefully express their views.”

On behalf of the ISG, Kubis urged “officials and political actors in Lebanon to listen to the legitimate demands of the people, work with them on solutions, apply them, and refrain from any statements and acts that could inflame tensions and incite confrontation and violence.”

After meeting Hariri, Kuwait’s ambassador to Lebanon, Abdel Aal Al-Kinai, said: “Now is not the time to speak but to act.”

The CEDRE Conference follow-up committee will convene in Paris on Nov. 15 to launch the implementation of development projects worth $11 billion to help Lebanon overcome its economic and financial crisis.


First EU–Saudi roundtable on critical raw materials reflects shared policy commitment

Updated 16 January 2026
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First EU–Saudi roundtable on critical raw materials reflects shared policy commitment

RIYADH: The EU–Saudi Arabia Business and Investment Dialogue on Advancing Critical Raw Materials Value Chains, held in Riyadh as part of the Future Minerals Forum, brought together senior policymakers, industry leaders, and investors to advance strategic cooperation across critical raw materials value chains.

Organized under a Team Europe approach by the EU–GCC Cooperation on Green Transition Project, in coordination with the EU Delegation to Saudi Arabia, the European Chamber of Commerce in the Kingdom and in close cooperation with FMF, the dialogue provided a high-level platform to explore European actions under the EU Critical Raw Materials Act and ResourceEU alongside the Kingdom’s aspirations for minerals, industrial, and investment priorities.

This is in line with Saudi Vision 2030 and broader regional ambitions across the GCC, MENA, and Africa.

ResourceEU is the EU’s new strategic action plan, launched in late 2025, to secure a reliable supply of critical raw materials like lithium, rare earths, and cobalt, reducing dependency on single suppliers, such as China, by boosting domestic extraction, processing, recycling, stockpiling, and strategic partnerships with resource-rich nations.

The first ever EU–Saudi roundtable on critical raw materials was opened by the bloc’s Ambassador to the Kingdom, Christophe Farnaud, together with Saudi Deputy Minister for Mining Development Turki Al-Babtain, turning policy alignment into concrete cooperation.

Farnaud underlined the central role of international cooperation in the implementation of the EU’s critical raw materials policy framework.

“As the European Union advances the implementation of its Critical Raw Materials policy, international cooperation is indispensable to building secure, diversified, and sustainable value chains. Saudi Arabia is a key partner in this effort. This dialogue reflects our shared commitment to translate policy alignment into concrete business and investment cooperation that supports the green and digital transitions,” said the ambassador.

Discussions focused on strengthening resilient, diversified, and responsible CRM supply chains that are essential to the green and digital transitions.

Participants explored concrete opportunities for EU–Saudi cooperation across the full value chain, including exploration, mining, and processing and refining, as well as recycling, downstream manufacturing, and the mobilization of private investment and sustainable finance, underpinned by high environmental, social, and governance standards.

From the Saudi side, the dialogue was framed as a key contribution to the Kingdom’s industrial transformation and long-term economic diversification agenda under Vision 2030, with a strong focus on responsible resource development and global market integration.

“Developing globally competitive mineral hubs and sustainable value chains is a central pillar of Saudi Vision 2030 and the Kingdom’s industrial transformation. Our engagement with the European Union through this dialogue to strengthen upstream and downstream integration, attract high-quality investment, and advance responsible mining and processing. Enhanced cooperation with the EU, capitalizing on the demand dynamics of the EU Critical Raw Materials Act, will be key to delivering long-term value for both sides,” said Al-Babtain.

Valere Moutarlier, deputy director-general for European industry decarbonization, and directorate-general for the internal market, industry, entrepreneurship and SMEs at European Commission, said the EU Critical Raw Materials Act and ResourceEU provided a clear framework to strengthen Europe’s resilience while deepening its cooperation with international partners.

“Cooperation with Saudi Arabia is essential to advancing secure, sustainable, and diversified critical raw materials value chains. Dialogues such as this play a key role in translating policy ambitions into concrete industrial and investment cooperation,” she added.