Beirut's central square is finally reopen for business

The security barricades have been removed from Nejmeh Square.
Nejmeh Square in Downtown Beirut
Nejmeh Square in Downtown Beirut Source: WikiMedia

Beirut's central Nejmeh Square area was cordoned off by security for several years, limiting access to the downtown area where Lebanon's parliament is housed. 

This week, Nabih Berri, the Lebanese parliament speaker, ordered security barriers to be removed around the square, according to An-Nahar.

Just a few years ago, the downtown district was one of Beirut's highlights, frequented by tourists and locals who enjoyed the area's numerous cafes and retailers. However, as a series of bombs rocked the city from 2013 through 2015, security measures increased around the square.

With the rise of the anti-government "You Stink" demonstrations in 2016, spurred by the country's ongoing trash crisis, the area was blocked off entirely, with security forces stationed at all entrances.

With such restricted access, most of the restaurants and shops in the area were forced to close as the formerly busy area became nearly devoid of people.

"There were many times we thought about closing, but we said ‘no, maybe things will pick up’,” Zeina Hasbini, who runs a chocolate boutique near the square, told Reuters.

Although Lebanon's political scene remains fraught with tensions, since the formation of a unity government in 2016, under the leadership of President Michel Aoun and Prime Minister Saad Hariri, Lebanon has remained relatively stable. 

The Lebanese military defeated the last pockets of the so-called Islamic State (or Daesh) in September and, in May 2018, the country plans to hold its first elections since 2009.

Re-opening the downtown area is a move aimed at attracting businesses to return to the area as well as tourists. The move comes just after a massive New Year's Eve celebration was held in the square as well.

Easing security also suggests Lebanon's return to greater stability following years of turmoil, exacerbated by the Syrian conflict.

"The country ground to a halt: you no longer saw tourists, or people from the Gulf countries, so we closed for about 6-7 years,” said Muhammad Faris, manager of The Petit Cafe, which re-opened in the square last year.

Faris said he believes removing the barriers will allow Beirut's iconic downtown square to “flourish again."

Bitcoin is forbidden by Islam, top Egyptian cleric says in fatwa

Crypto-currencies are unlawful in Islam.
bitcoin
Source: Max Pixel

Bitcoin and other crypto-currencies are unlawful in Islam, according to Egypt's top cleric.

Grand Mufti Shawki Allam issued an official fatwa against it, saying "virtual currency" is not permitted and is not "acceptable interface of exchange," according to Ahram Online.

Justifying the fatwa, the grand mufti compared crypto-currencies to gambling. He said the comparison is merited "due to [digital currencies] direct responsibility in financial ruin for individuals."

He also said the currency could undermine Egypt's stability "impinges on the state's authority in preserving currency exchange, as well as its necessary supervising measures on domestic and foreign financial activities."

Why are crypto-currencies causing concern?

Digital currencies – such as bitcoin – are decentralized and not backed by a government, gold or silver. Because of such currencies' decentralization, they are difficult to track and have been linked to money laundering, as well as the sale of illegal drugs and weapons.

As a result, they operate outside of the traditional control of regulators. Many such currencies have been created in the past few years, with bitcoin surging to the head of the pack as the most valuable and widest known.

At the start of 2017, one bitcoin was valued at less than $1,000. However, just before the end of last year, the digital currency soared to close to $20,000. Since then, it dropped drastically and then slowly started to rise again.

Currently, at the time of writing, one bitcoin is worth just over $14,500.

Other Muslim leaders have condemned digital currencies

With the crypto-currencies' surging popularity, other Muslim leaders have taken a similar stance against them.

In December, Assim Al-Hakeem, a popular Saudi cleric, said that bitcoin and other digital currencies are banned under Islamic law, saying they are "ambiguous."

“We know that bitcoin remains anonymous when you deal with it… which means that it's an open gate for money laundering, drug money, and haram [forbidden] money,” Hakeem said, in a YouTube video.

Turkey's top religious authority – the Directorate of Religious Affairs or the Diyanet – also said in November that crypto-currencies are at odds with Islam, citing their use by criminals and the lack of regulation, according to RT.