Sunday, 18 Oct 2026 18 Shawwal 2026 AH Beirut

Explain it

Plain explanations of terms that appear in the news: institutions, UN resolutions, economic and legal concepts. In any article, tap an underlined word, or select any word and tap “Explain it”.

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Biosimilars Biologic medicines similar to approved originals, regulated by the Health Ministry to ensure their quality and safety in the Lebanese market. Bab al-Mandab A strategic strait between Yemen and Djibouti linking the Red Sea to the Gulf of Aden. Any tension there threatens global shipping and trade. Bank Saderat Iran An Iranian state-owned bank whose license to operate in Lebanon was revoked by the Central Bank of Lebanon. The move comes amid a US campaign to isolate Tehran financially. Balad Party An Arab-Israeli leftist party advocating equality and opposing occupation; its candidates face challenges before Israel's Supreme Court. Banking Reform and Reorganization Law A Lebanese law aimed at restructuring the banking sector and addressing losses after the financial crisis; it is debated over central bank powers and deposit protection. Baabda Palace The official residence of the Lebanese president in Baabda. It is mentioned in the news as a venue for official meetings and political statements. Basij Forces A paramilitary force under Iran's Revolutionary Guard, used for internal mobilization and suppressing protests, and sometimes involved in external operations. Banque du Liban Lebanon's central bank, responsible for monetary policy and financial stability; its independence is central to banking reform debates. Ben Gurion Airport Israel's main international airport, located near Tel Aviv. It is a potential target in any regional conflict, and its disruption affects air travel.

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Iranian Revolutionary Guard Corps (IRGC) A major Iranian military branch separate from the regular army, playing a central role in politics and regional security. It has wide influence in Lebanon and the region through proxies and military ties. Iranian rial The Iranian rial is Iran's official currency, which has sharply depreciated due to sanctions and economic pressures. Its decline raises prices and reduces purchasing power. Islamic holy sites Sites holy to Muslims; in this article it refers to places like Al-Aqsa Mosque and the Ibrahimi Mosque in the West Bank that settlers enter. India-Middle East-Europe Economic Corridor (IMEC) A trade corridor linking India to the Gulf and Europe via rail, roads and ports. It matters to Lebanon because including Beirut and Tripoli ports could boost its trade position. International Monetary Fund (IMF) An international financial institution that provides loans to countries in exchange for economic reforms; Lebanon has been negotiating with it for years. Israel Boycott Law A Lebanese law issued in 1955 that prohibits dealing or communicating with Israel. It sparks debate over its impact on Lebanon's international relations. Internal Security Forces The Internal Security Forces are Syria's police force. They are tasked with maintaining security and counterterrorism, and play a role in sensitive security files such as Daraa. International Finance Corporation (IFC) The World Bank Group's private-sector investment arm. It participates in financing reform projects in Lebanon within financial support negotiations. Israeli Political-Security Cabinet Israel's Political-Security Cabinet is a small ministerial forum that makes sensitive security and political decisions, chaired by the prime minister. It matters because it decides war and peace issues affecting Lebanon and the region. Islamabad Memorandum of Understanding A preliminary agreement between Iran and the IAEA regarding its nuclear program, announced in 2021. It is referenced in ongoing nuclear negotiations. International Civil Aviation Organization (ICAO) A UN agency setting civil aviation standards and auditing airports; its report flagged shortcomings at Beirut airport that could affect direct flights.

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Shadow Fleet An unofficial network of ships used by Iran to transport oil away from international oversight. It was targeted by new US sanctions. Shin Bet (Israel Security Agency) Israel's internal security agency, responsible for counter-espionage and counter-terrorism inside Israel and the West Bank, and involved in assassinations of Palestinian leaders. Southern Suburb (Dahieh) A southern Beirut area considered a Hezbollah stronghold, frequently targeted by Israeli airstrikes. State of Emergency An exceptional measure granting authorities expanded powers to restrict freedoms and impose restrictions. It matters to Lebanon as it is being considered amid security and economic tensions. Separation Line A line separating the occupied Syrian Golan from the buffer zone, around which Israeli-Syrian tensions and violations occur. Suez Canal An Egyptian waterway connecting the Mediterranean Sea to the Red Sea. Vital for global trade and navigation; any threat affects the region. State Consultative Council Lebanon's highest administrative court, hearing appeals against state and ministerial decisions. Its rulings are binding and can annul or suspend administrative decisions. Strait of Hormuz A narrow waterway between the Gulf and the Gulf of Oman through which a large share of global oil exports passes. Any tension there raises energy prices and affects Lebanon and the region. Shanghai Cooperation Organisation A regional organization for political, security, and economic cooperation founded in 2001. It includes countries like China, Russia, and Iran, and focuses on counterterrorism. Special Investigation Commission (SIC) An independent body within Lebanon's central bank tasked with combating money laundering and terrorism financing. Its decisions to freeze accounts are subject to legal conditions.

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