Posts in category

Lebanon Economy


Gebran Bassil, leader of Lebanon’s largest Christian bloc, speaks during a parliamentary meeting at the UNESCO Palace in Beirut, Lebanon, May 22, 2021. REUTERS / Mohamed Azakir PARIS / BRUSSELS, June 18 (Reuters) – The European Union sanctions criteria being prepared for Lebanese politicians are likely corruption, obstructing government-forming efforts, financial mismanagement and violations of …

“We have to get used to it and be convinced that this subsidy from which we have benefited for a year or a year and a half (…) will end,” Lebanese Energy Minister Raymond Ghajar said on Thursday. Lebanon’s energy minister said on Thursday that the country’s oil subsidy was unsustainable and would eventually end. …

Unfavorable dollar exchange rates mean refugees and poor Lebanese have received less aid, even as prices for basic necessities soared amid an economic crisis * “Staggering” amounts of aid lost for the banks * Refugees and poor Lebanese are the hardest hit * Aid agencies fear potential damage to reputation By Timour Azhari BEIRUT, June …