The de facto bank is the largest microcredit organization in a country where the traditional banking sector is in shambles.
Tag: Hezbollah
Residents in Lebanon Flee as Israel Strikes Hezbollah-Affiliated Financial Institution
Branches of Al-Qard al-Hasan, which functions as Hezbollah’s de facto banking arm but also operates as an alternative bank for Lebanese, were targeted around Beirut and across the country’s south and east.
A Mideast Shift Is Underway, Without Israel
Before Hamas’s Oct. 7 attacks, Saudi Arabia was open to forging stronger ties with the Israelis. Now, a year into the war in Gaza, it is warming up to its traditional enemy, Iran.
Fighting Rages in Gaza and Lebanon, Despite Killing of Hamas Leader
Peace talks were nowhere in sight and, despite Yahya Sinwar’s death, the violence seemed only to increase, as Israel struck northern Gaza and Hezbollah fired dozens of projectiles.
Iraq Suspends the Saudi-Owned MBC Channel After Protesters Storm Office
The action came after the channel aired a report describing a number of leaders of Iranian backed armed groups as terrorists.
U.S. Defense Secretary Urges Israel to Scale Back Attacks in Beirut Area
Lloyd J. Austin lamented that civilian casualties during Israel’s war in Lebanon were “far too high.”
Drone Hits Building Near Netanyahu’s Home in Coastal Israel
The Israeli prime minister and his wife were not home at the time of the strike, his office said. The episode highlighted the challenge drones pose to Israel’s air defenses.
Despite Sinwar’s Death, Mideast Peace May Still Be Elusive
Just about all of the actors in the region are looking for an “offramp” to the conflict, many analysts say. But Hezbollah and Hamas are talking tough, and Israel is not backing down.
Despite Israeli Bombs and Assassinations, Hezbollah Keeps Fighting
Extensive Israeli attacks have blown up Hezbollah munitions and killed many fighters and leaders, but the Lebanese militia is far from incapacitated, analysts say.
Hamas Says Its Demands Are Unchanged as Biden Pushes for Gaza Cease-Fire
A top deputy to the killed Hamas leader Yahya Sinwar vowed that his “banner will not fall” and that the group would hold to its cease-fire conditions.