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الشرق اللبنانية
Markets Rise on Banking Law and Summit
Lebanese economy has declined due to regional wars and conflicts. However, markets have shown improvement following the enactment of banking reform laws and the framework agreement between Lebanon and the United States. Eurobond securities have increased by approximately 21% since the beginning of the year, and Lebanon's Central Bank gold reserves have risen to around $40 billion, supported by a 10% increase in global gold prices over the past month. Additionally, the outcomes of the US-Lebanese summit and the resumption of direct flights between the two countries have bolstered confidence and supported security and economic stability, with the Lebanese hopeful for a final resolution to the crisis and the implementation of comprehensive economic reforms.
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