Search Site

Trends banner

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

EU to send observers to Lebanon for monitoring parliamentary elections

Lebanon is experiencing its worst-ever economic crisis. (AFP)
  • The team's chief observer, Gyoergy Hoelvenyi, said in a statement it will be the fourth time the EU has sent observers to Lebanon, after previous missions in 2005, 2009 and 2018.
  • Lebanon is in the grip of an economic crisis that has generated public fury against its politicians, many of whom are seen as corrupt.

The European Union will send election observers to monitor Lebanon’s May 15 parliamentary polls, at the invitation of Beirut’s government, the bloc’s foreign service said on Wednesday.

The team’s chief observer, Gyoergy Hoelvenyi, said in a statement it will be the fourth time the EU has sent observers to Lebanon, after previous missions in 2005, 2009 and 2018.

Lebanon is in the grip of an economic crisis that has generated public fury against its politicians, many of whom are seen as corrupt.

Four out of five Lebanese live below the poverty line, according to the UN.

Blackouts are frequent, the currency has lost about 90 percent of its value over the past two years and the country in 2020 defaulted on its sovereign debt.

The EU’s foreign policy chief Josep Borrell said the dispatch of the observer mission underlined Europe’s support of Lebanese democracy.

“The holding of elections is first and foremost a right and an expectation of the people of Lebanon, as well as a sovereign responsibility that the Lebanese government must follow through,” he said.

The core part of the observer mission, comprising 10 experts, is to arrive in Beirut next month, the EU statement said.

In April, another 30 members will join them and deploy to regions to monitor campaigns.

In May, 40 short-term observers will arrive close to election day to watch polling, voting and counting.

The mission plans to hold a Beirut media conference within 48 hours of polling to give its preliminary assessment.