Saudi Press

Saudi Arabia and the world
Monday, Jun 02, 2025

Hezbollah, Amal to end boycott of Lebanon cabinet sessions

Hezbollah, Amal to end boycott of Lebanon cabinet sessions

The groups say the decision was driven by a desire to have the 2022 budget approved and discuss an economic recovery plan.
Powerful Lebanese groups Hezbollah and Amal have said they would end a boycott of cabinet sessions, opening the way for ministers to meet after a three-month gap that has seen the economy and currency collapse further.

The groups, which back several ministers in a government made up of members from across the political spectrum, said in a statement on Saturday that the decision was driven by a desire to approve the 2022 budget and to discuss an economic recovery.

The Lebanese cabinet under Prime Minister Najib Mikati has not met since October 12 due to squabbling about the investigation into the deadly Beirut port explosion in August 2020, and a continuing diplomatic rift with Saudi Arabia and some Gulf states.

As a result, the government has been unable to take swift action to address the country’s dire economic crisis.

Since August 2019, the Lebanese pound has lost more than 90 percent of its value as more than three-quarters of the population has slipped into poverty.

The country’s inflation rate has exceeded those of crisis-hit Venezuela and Zimbabwe. The World Bank has said the Lebanese financial crisis is one of the worst since the mid-19th century.

In December, President Michel Aoun said Lebanon needs “six to seven years” to emerge from the crisis.

The economic meltdown began in 2019 when the financial system collapsed under the weight of huge state debt and lack of foreign currency – the result of decades of corruption, economic mismanagement, and unsustainable financing.

The international community has for years pressed Lebanon to reform its economy, implement anti-corruption mechanisms, and reach an agreement with the International Monetary Fund in order to unlock billions of dollars in developmental aid.

Beirut is also struggling to resolve a diplomatic row with Saudi Arabia, Bahrain, the United Arab Emirates and Kuwait, which have been critical of Hezbollah for its role in Yemen and other regional conflicts.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
×