The Media Line led over twenty years ago in pioneering the American independent news agency in the Middle East, arguably the first in the region. We have always stayed true to our mission: to provide you with contextual sourced and trustworthy news. In an age of fake news masquerading as journalism, The Media Line plays a crucial role in providing fact-based news that deserves your support.

We're proud of the dozens of young students we've trained in our Press and Policy Student Program who will form the vanguard of the next generation of journalists to the benefit of countless millions of news readers.

Look out for exciting new additions as we enter 2022.

We thank our loyal readers and wish you all the happiest of holidays.
The Media Line

Non-profit news needs public support.
Please support us with your generous contributions:
Lebanon’s Banks Reopen After 2-Week Closure
Lebanese police keep watch outside a bank in Beirut on November 1, 2019. (JOSEPH EID/AFP via Getty Images)

Lebanon’s Banks Reopen After 2-Week Closure

Banks in Lebanon opened their doors to customers Friday morning after being closed for two weeks. The closure was due to fears that anti-government protests could set off a run on the banks if many nervous customers were to withdraw their savings or transfer their capital to accounts abroad, leading to economic collapse. The mass demonstrations, which began October 17, were aimed at removing a political class that was seen as corrupt, incompetent, and sectarian. Reopening the banks follows the resignation of Prime Minister Saad Hariri’s government on Tuesday. Though the Lebanese pound officially trades at 1,507 to the US dollar, lack of public confidence is reflected in a reduced unofficial value, with exchange shops now trading about 1,900 Lebanese pounds to the dollar. Banque Du Liban, the country’s central bank, said it would not impose restrictions on the flow of capital when the banks reopened, but the private banks themselves are, according to reports, informally limiting transfers abroad to a minimum.

Did you know we’re celebrating our 20th Anniversary as the 1st American News Agency exclusively covering the Middle East?

  • The Middle East landscape is changing rapidly.
  • The roads in the region open to new possibilities.
  • The Media Line continues to pave the way to a far greater understanding of the region’s land, people, policies and governments through our trusted, fact-based news.

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Please make your gift today.
Thank you!

We paved the way to be the Trusted Mid East News you can rely on!

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Invest in the
Trusted Mideast
News source.
We are on the
front lines.

Personalize Your News
Upgrade your experience by choosing the categories that matter most to you.
Click on the icon to add the category to your Personalize news
Browse Categories and Topics
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.