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Lebanon Economy


BEIRUT (AP) – Lebanon’s Information Minister is expected to announce his resignation on Friday, in a bid to ease an unprecedented diplomatic crisis with Saudi Arabia and other Gulf countries. Local media reported that Minister George Kordahi intended to step down, weeks after television comments he had made criticizing Saudi Arabia’s war in Yemen sparked …

Live Updates: Follow the latest news on Covid-19 Omicron variant Lebanese health authorities will impose a curfew on unvaccinated people during the upcoming holiday period as concerns grow over a new wave of coronavirus caused by the Omicron Covid-19 variant. Lebanon has yet to register a case of Omicron, but fears the virus could spread …

By ANNE D’INNOCENZIO Editor AP Retail NEW YORK (AP) – Americans are spending freely and returning to shop in-store, reversing some of the momentum in online sales last year, when Americans did much of their shopping exclusively through the internet. Shopper traffic roared on Black Friday, but it was still below pre-pandemic levels, in part …

Abstract During the first half of 2021, approximately 438,000 Palestinian refugees in Syria, 28,017 Palestinian refugees from Syria (PRS) in Lebanon and 18,164 PRS in Jordan entered a state of greater poverty and vulnerability as the impact socio-economic impact of the COVID-19 pandemic has worsened. and unemployment rates have skyrocketed across the region.In Syria, the …

It has been 20 years since Bahaa Hariri voted in the Lebanese elections. After the assassination of his father Rafik Hariri in 2005, the heir apparent to Lebanon’s most influential family retired to Paris, where he has spent the past 15 years running a business empire. Devoured with grief, he had no interest in following …

NOTnothing makes sense. Along England’s east coast, British employers are scanning the horizon. They desperately need all the migrant workers Boris Johnson will bless with visas to pick fruit, kill turkeys, staff hotels or care for the elderly. At the same time, along the south coast, British politicians are screaming in horror at the cargoes …

Lebanese President Michel Aoun said on Saturday that Lebanon aims to reach an agreement on the demarcation of maritime borders with Israel that would guarantee the country’s right to invest in its natural resources, according to a statement from the Lebanese presidency. “Lebanon looks forward to resuming indirect negotiations mediated by the United States with …

Every two days, Karl Karam and his fellow architect Jihad Farah drive two hours from the Lebanese coast to a field of purple flowers in the Bekaa Valley, near the border with Syria. The friends have traded their leaders for shovels and turned to saffron cultivation as construction projects dwindle amid an economic collapse that …

IRBIL, IRAQI KURDISTAN: Iranian-backed Iraqi militias rejected the results of the October legislative elections in Iraq, in which their political wings did very poorly, and elements among them may well have been behind of the attack on Prime Minister Mustafa Al-Kadhimi earlier this month. But can anything be done on a practical level against the …

Lebanese airline Middle East Airlines has postponed delivery of its four Airbus A330neo on order until 2026 as it tries to recover from the twin challenges of the pandemic and the economic crisis in Lebanon. Speaking to FlightGlobal at the Arab Air Carrier Organization’s AGM in Doha on November 11, MEA Chairman Mohamad El-Hout said …

AMMAN – Lebanon is going through a crisis in its relations with Saudi Arabia and its Arab supporters in the Gulf, from which it desperately needs commercial and financial assistance. A Lebanese minister’s criticism of Saudi military involvement in Yemen is at the heart of a diplomatic dispute that plays a role in a regional …

The head of Hezbollah, the Iranian-backed Shiite group in Lebanon, called the recent violence in Beirut “a new dangerous and critical step” in the country’s internal political situation. He also accused the Lebanese Forces, the right-wing Christian party, of trying to start a new civil war in the country. Hassan Nasrallah delivered his fiery speech …

BEIRUT: The families of those arrested during the violence in Tayouneh on October 14, as well as the families of those arrested in the Khalde incident in early August, protest against what they claim to be “biased actions” judicial authorities. In recent days, families have reacted angrily to the lack of arrests of anyone associated …

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stock indices closed another wobbly trading day on Wall Street with a patchy end Thursday that includes more all-time highs for the S&P 500 and Nasdaq. The benchmark S&P 500 rose 0.4%, extending its winning streak to a sixth day. The index has seen a …

CHICAGO: Palestinian Christian Said Khoury was praying in the iconic Church of the Nativity in Bethlehem when drops of water fell on his head from the roof above. Maybe it was a signal from God, or just a coincidence as the rains hit the Christian town that day in the Israeli-occupied West Bank, but it …

BEIRUT, Nov. 1 (Xinhua) – The Iraqi Embassy in Lebanon said on Monday that Iraq will keep its markets open to Lebanese exports to help the country weather its financial crisis, the National News Agency (NNA) reported. . “We will provide more facilities to Lebanon and allow a better flow of Lebanese exports to the …

The UK leader said phasing out coal power was a key to reducing emissions and that G-20 leaders had not made a commitment as a group to stop using coal nationally . “What has to happen is that the countries that really depend on coal (,) … they’re going to need help, and they’re going …

BEIRUT (AP) – Kuwait followed Saudi Arabia and Bahrain in ordering the Lebanese charge d’affaires on Saturday to leave the emirate within two days following comments by a Lebanese minister regarding the war in Yemen. Kuwait also recalled its ambassador from Beirut. The move came as the Arab League chief worried about the deterioration of …

A forex trader walks past screens showing the Korea Composite Stock Price Index (KOSPI), left, and the exchange rate between the US dollar and South Korean won in a foreign exchange trading room in Seoul, Korea South, Thursday, October 28, 2021 Asian stocks fell on Thursday after a retreat to Wall Street as banks and …

Lebanese fear their nation is close to demise Lebanese mark one year since nationwide protests began, Beirut, Lebanon, October 17, 2020 (Reuters) Belonging to a nation, or joining a homeland, may at first glance appear as a “natural” feeling. Yet the nation is anything but a mere idea. Certainly, an individual may have doubts about …

Mason may have seen more of these signs since the abortion ban on October 25.Photo: Claudio Schwarz, Unsplash If you want an abortion, you’ll have to get one somewhere other than Mason’s – even if there aren’t any abortion providers there, anyway. After attempting to ban abortion within city limits in previous council meetings, Mason’s …

A security official stands outside the Association of Southeast Asian Nations (ASEAN) secretariat in Jakarta, Indonesia on Monday, October 25, 2021. Southeast Asian leaders meet are meeting this week for their annual summit where Myanmar’s top general, whose forces seized power in February and shattered one of Asia’s most phenomenal democratic transitions, has been expelled …

The new Lebanese government aims to start full negotiations on a deal with the IMF by the end of this year or the beginning of next year, but does not expect the funds to be dispersed before the elections of March, a minister said on Friday.In an interview with Reuters, Economy Minister Amin Salam also …

“There are still limitations because some high value contracts, especially on the aircraft side … sellers,” Chandra said. Inflation driven by high crude oil prices is a temporary phenomenon and the economy is gradually opening up with the resumption of public and private investment, senior government officials said on Friday. The tourism and travel sector, …

SYDNEY, AUSTRALIA – OCTOBER 19: Bilal Maarbani of Lebanon celebrates victory in round 2 … [+] Rugby Union World Cup match between Lebanon and England at Bankwest Stadium on October 19, 2019 in Sydney, Australia. (Photo by Brett Hemmings / Getty Images) Getty Images The week of the Grand Final is an emotionally draining time …

A polling company released the results of a poll on Iranians’ views on the economy, the United States and more on Monday. The Toronto-based IranPoll survey conducted the survey with the Center for International and Security Studies at the University of Maryland. Data was collected between August 30 and September 9. The poll, which was …

The forum, which took place on the sidelines of an official visit by a Lebanese trade delegation to Oman, began with a speech by Ing. Redha Juma Al Saleh, President of OCCI Photo: ONA Muscat: The Omani-Lebanese Business Forum, organized on Sunday by the Oman Chamber of Commerce and Industry (OCCI), explored the opportunities available …

A senior Iranian official said the country is seeking to remove existing obstacles to Iran’s private sector presence in Lebanon. “No government had been in place in Lebanon for about 13 months. In addition, the issue of the coronavirus pandemic, US sanctions and banking relations issues as well as the Beirut port explosion last year …

By Zeina Karam and Sarah el Deeb | Associated press BEIRUT – Heavy gunfire erupted in Beirut on Thursday during a protest organized by the Hezbollah group against the judge leading the investigation into last year’s explosion in the city’s port. At least six people have been killed and dozens injured in the most violent …

The Mayor of Lebanon, Matt Gentry, has scheduled a press conference this morning to announce a new development planned for the site of the former Holiday Inn on the Ind. 39 and Interstate 65, across from the Flying J. The announcement is expected to begin at 10:30 a.m. The ad is billed as “Mayor Gentry …

In the midst of a pandemic that has torn the world off its axis, Lebanon’s precipitous decline has not received the attention it deserves given the country’s strategic importance. Bordering Syria to the north and east, and Israel to the south, Lebanon occupies a critical space in the eastern Mediterranean. Its collapse could spread to …

Beirut, Lebanon – Mohammad was sitting in the smallest grocery store where he worked and flipping through the pages of a notebook, filled with a long list of customers indebted to the store. “More and more people are having money problems and are asking us to let them pay later,” the 30-year-old Syrian refugee from …

The lights returned to Lebanon after the public electricity supplier restarted its factories on Sunday using 6,000 kiloliters of diesel donated by the military after a day of blackout, a senior official at Electricité du Liban said. The National. EdL warned on Saturday that the country had run out of state-supplied electricity after running out …

Earlier this year, Elena Eassey was forced to drop out of college halfway through, pack her bags and start a new life in a country she had never been to: Australia. Key points: An explosion at the port of Beirut in August last year accelerated Lebanon’s economic free fall The country’s economic crisis has triggered …

The International Monetary Fund omitted vital information from a 2016 report that sounded the alarm on the state of Lebanon’s financial system, Swiss publication The weather reported Thursday. The final version of the report, which was published in 2017, was shortened by 14 pages at the request of the country’s central bank to omit data …

A Palestinian student born and raised in a refugee camp in Lebanon was selected among the top 50 finalists for the Chegg Global Student Prize 2021. More than 3,500 applicants from 94 countries around the world were nominated for their real impact on learning, the lives of their peers and the society around them. Aya …

ZACK DEMARS The Bulletin While half of Oregonians say the state is heading in the wrong direction, opinions about the state’s economy have improved in recent months. These are two of the main lessons from the Oregon Values ​​and Beliefs Center, which surveyed more than 1,100 residents in areas and demographics across the state over …

Japanese Prime Minister Fumio Kishida speaks during a press conference at the Prime Minister’s official residence in Tokyo, Japan on Monday October 4, 2021. On Tuesday October 5, 2021, the new Japanese Prime Minister Kishida held his Japan’s first talks as a leader with US President Joe Biden confirmed his intention to strengthen his security …

BEIRUT, October 4 (Reuters) – After spending three decades building a real estate business he inherited from his father, Ralph Khoury now finds himself packing his bags an hour from Beirut to start a new life in a country he does not know. not expecting to visit: Georgia. “If there was a reason to hope …

The US State Department’s senior adviser on energy security, Amos Hochstein, will be the US mediator between Israel and Lebanon in their border dispute, a State Department spokesman confirmed on Saturday night. “We can confirm that Amos Hochstein will resume his role as US mediator for the talks on the Israeli-Lebanese maritime border, which he …

Egyptian Ambassador to Lebanon, Dr Yasser Elwi (right) and George Kerdahy, Lebanese Minister of Information CAIRO – October 2, 2021: Egyptian Ambassador to Lebanon Dr Yasser Elwi met a number of Lebanese government officials on Saturday to discuss ways to support and develop bilateral economic relations between Egypt and Lebanon. The meeting was attended by …

Marc Ylen MEDIA FROM THE MIDDLE VALLEY Researchers at Oregon State University have found that the total value of Oregon’s agriculture, fiber and food industry exceeds $ 42 billion. They also found that more than 2,000 farms have been established in Oregon in recent years. Researchers from the College of Agricultural Sciences and the OSU …

Transport Minister Ali Hamie met with the President of the French Embassy’s Economy Department, François De Ricoflis, to discuss transport in Lebanon. During the meeting, Ali Hamie reiterated his request for the French Ambassador to provide buses for the Lebanese government as a grant to Lebanon. He stressed the importance of the transport sector as …

By Frank Kane The UAE will take center stage on the world stage for the next six months – the length of Expo 2020 Dubai, the extravagance of business, technology, connectivity and pure showbiz finally kicking off at a sumptuous opening ceremony Thursday. There is no doubt that the exhibition will raise the profile of …

Over the past year, trade in goods between Syria and Jordan has been severely affected by the pandemic and the long-standing conflict. Jordanian government officials confirmed that the border crossing would reopen, Reuters reported on Monday this week. Throughout the pandemic, Jordan has taken steps to curb the transmission of the virus, including closing the …

Harrisburg, Pennsylvania – Pennsylvania Department of Community and Economic Development (DCED) Secretary Dennis Davin announced the approval of four agricultural projects funded by the First Industries Fund (FIF). These projects, located in Bedford, Lebanon and Snyder counties, will help existing farms expand their operations, generate additional income and move agribusiness to the next generation of …

JABER PASSAGE: Jordan fully reopened its main border crossing with Syria on Wednesday to boost its struggling economies following a push by Arab states to re-enter a country they avoided during its decade-long civil war .Syria, which blames Western sanctions for its economic woes, hopes that broader trade ties with its neighbor to the south …

Those who were not seriously injured were loaded onto school buses and the senior citizen bus and taken to a school gymnasium and community center in Chester, where residents helped them charge their cell phones to call emergency services. families and health workers assessed them. Some took showers and the passengers were offered food. Ricky …

FILE – In this Thursday, July 15, 2021, file photo, Federal Reserve Board Chairman Jerome Powell testifies before the Senate hearing on banking, housing and urban affairs to consider the biannual report on the monetary policy in Congress, on Capitol Hill in Washington. Powell is preparing to tell Congress that the current spike in US …

by Nicholas Dawson, Forecast International. Image by Nicolas Raymond Lebanon is experiencing one of the worst economic collapses in recent history. The currency has lost over 90 percent of its value; an estimated three in four Lebanese citizens are now below the poverty line, and the country is plagued by shortages of food, gas and …

WASHINGTON, Sept. 25 (Reuters) – U.S. Senator Marco Rubio on Saturday said the release of Huawei’s chief financial officer raised serious questions about President Joe Biden’s ability to deal with the threat posed by the tech giant and the Chinese Communist Party. Rubio, in a text message to Reuters, called on the Biden administration to …

The only national suicide prevention hotline, Embrace, is overwhelmed by appeals from the distraught Lebanese population. The multifaceted crisis in Lebanon continues to wreak havoc on the population. Years of political, economic and social frustration have left the Lebanese people in despair, with increasing numbers viewing suicide as a last resort. Embrace, an NGO with …

The scene of Iranian oil tankers being smuggled into Lebanon in broad daylight for everyone to see – especially the government, which has chosen to stick its head in the sand – is not complete without the celebrations taking place. ‘accompanied. Claiming to have broken an imaginary siege supposedly imposed on its base and its …

The United States Agency for International Development (USAID) celebrated the achievements of its microfinance aid project – the Livelihoods and Inclusive Financial Expansion (LIFE) project. The project improved economic opportunities for low-income people and microenterprises in the North, South, Bekaa and Mount Lebanon regions, improving the business skills of small entrepreneurs and expanding their access …

Egypt has announced that it will immediately halt gas supply to the Egyptian Liquefied Natural Gas (ELNG) export terminal at Idku, near Alexandria, and will not supply gas to the LNG plant. Damietta until the end of the year, as it prepares to redirect surplus gas exports to Lebanon via the Arab Gas Pipeline. The …

(johan10 / Getty Images) A currency board would stabilize the Lebanese economy. Aclose Thirteen months in limbo, Lebanon finally formed a government on September 10. It is headed by Najib Mikati, billionaire and seasoned politician. As prime minister, Mikati faces the daunting task of bringing the Lebanese economy back from the dead. The death spiral …

Lebanon’s inflation rates have skyrocketed in recent months as the country fails to tackle one of the worst economic depressions the world has ever seen. Lebanon’s inflation rate has become the highest in the world, according to Bloomberg, as the country’s economic crisis continues to worsen. The consumer price index rose 137.8% from a year …

BEIRUT, Sept. 22 (Reuters) – Lebanon on Wednesday hiked gasoline prices by 16%, the second hike in a week, removing a subsidy on imported fuel that new Prime Minister Najib Mikati said the nation would not can not afford. Lebanon, which had already hiked fuel prices by 37% on Friday, is grappling with a deep …

Lebanon’s annual inflation rate is the highest in the world, according to Bloomberg data. Through Ainhoa ​​Goyeneche and Dana KhraicheBloomberg Lebanon’s annual inflation rate has reached the highest of any country Bloomberg tracks, overtaking Zimbabwe and Venezuela, as the financial crisis in that Middle Eastern country deepens. The consumer price index rose 137.8 percent from …

(Add details, background) By Marc Jones LONDON, Sept.21 (Reuters) – A group of Lebanese bondholders, including some of the world’s largest investment funds, on Tuesday urged the new government to start debt restructuring talks as soon as possible to help deal with the country’s severe financial crisis. Lebanon defaulted on its international debt in March …

Beirut, Lebanon – Lebanon’s new government won a confidence vote in parliament on Monday, after promising to quickly resume the International Monetary Fund (IMF) rescue talks and launch a series of reforms to pull the country out of the deepening economic crisis . Some 85 lawmakers gave their vote of confidence to Prime Minister Najib …

The Lebanese parliament met on Monday to vote in the cabinet of Prime Minister Najib Mikati, responsible for pulling the country out of a deep economic crisis, during a session delayed by a power cut. No major objections were expected to Mikati’s ministerial makeup from the main political blocs, as Lebanon is in desperate need …

Sky News released this video clip, titled “Inside one of Lebanon’s troubled hospitals” – below is their description. Doctors are struggling to meet demand for drugs in Beirut’s cancer wards as the economic consequences for Lebanon continue to worsen. The World Health Organization has again warned that hospitals are only operating at 50% of capacity …

RAMALLAH, Saturday, September 18, 2021 (WAFA) – The Minister of Labor of Lebanon’s new government, Mustafa Bayram, said today that he supports changing laws that discriminate against Palestinian refugees living in his country. He told Palestine TV that he would do everything possible to ensure that the Palestinian people do not remain subjected to injustice …

IMF spokesman Gerry Rice said Thursday that there had been courtesy calls with members of the new government and that the Fund was ready to engage in the period ahead. Talks between the previous government and the IMF collapsed last year. The World Bank says Lebanon’s economic crisis is one of the worst on record. …

The lingering economic crisis in Lebanon threatens to undo decades of progress in the well-being of the population, the WHO chief said on Friday, adding that international aid was urgently needed to deal with the ” dire situation ”. Speaking during his visit to the Middle Eastern country, Tedros Adhanom Ghebreyesus highlighted the crisis in …

In his first interview with an international media outlet since the formation of a government a week ago, Mikati admitted that some Lebanese would find it difficult to trust him and his government after so many politicians failed them in the pass. But, he told CNN, it is “time to have a government” to make …

Lebanon resumes a long-awaited forensic audit to shed light on the financial disaster that plunged the country into crippling economic collapse. Lebanese President Michel Aoun signed a decree on September 1, 2021, to allocate 4.9 billion Lebanese pounds (2.7 million euros, $ 3.2 million) to the global professional services firm Alvarez & Marsal (A&M ) …

The judge investigating the devastating explosion at the Port of Beirut last year issued an arrest warrant for a former minister after he failed to appear for questioning, according to a court source. “Judge Tareq Bitar has issued an arrest warrant in absentia against former Minister of Public Works and Transport Youssef Fenianos,” the source …

Iran has a target in Lebanon and that is to send tankers with fuel to Syria which will help make Lebanon less dependent on the West. Like many Iranian policies, such as uranium enrichment, the current policy is more complex than the Western media portrayed. Iran likes to play foreign relations with a mixture of …

Four Arab countries agreed on a roadmap to supply Egyptian natural gas to Lebanon via Jordan and Syria at a ministerial meeting in Amman on September 8. Syrian territory. The ministerial meeting was attended by Jordanian Minister of Energy and Mineral Resources Hala Zawati, Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla, Syrian …

BEIRUT – I never thought I would live to the end of the world. But that is exactly what we are experiencing today in Lebanon. The end of a whole way of life. I’ve read the headlines on Us, and they’re a list of facts and figures. The currency has lost more than 90% of …

A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong Stock Index in Hong Kong on Tuesday, August 31, 2021. Asian stocks were mostly down in muted trading on Tuesday, in due to lingering concerns about the increase in cases of COVID-19 infections in the region, despite continued efforts …

Hassan Nasrallah accepts another shipment to ease shortages in the country, but critics warn the move risks sanctions. Hezbollah chief Sayyed Hassan Nasrallah said a third Iranian fuel shipment has been agreed to alleviate crippling shortages in Lebanon. “We have agreed to start loading a third ship,” Nasrallah said in a televised speech on Friday. …

Rita never imagined that getting medicine for her cancer treatment would worry her more than suffering from the disease that has ravaged her body for three years. But in the midst of Lebanon’s economic collapse, those with chronic illnesses are not spared. “A cancer patient is the one who suffers the most in the universe,” …

Gretchen Whitmer unveils a proposal to spend approximately $ 1 billion in federal pandemic relief funding to boost the business climate on Monday, August 23, 2021, at Rotary Park along the Grand River in Lansing, Michigan. This is part of a larger $ 2.1 billion economic start-up plan that would require legislative approval. David Eggert …

On August 16, following a nationwide fuel shortage caused by the economic crisis that has plagued the country for years, Lebanese President Michel Aoun said steps were finally being taken to form a functioning government. in the next few days. As of August 20, no government had yet been formed, indicating a potential continuation of …

AFP published the following article: It was not a desire for the night that brought Ayla to a cafe in Beirut, but the air conditioning that allowed her children, slumped in a sofa next to her, to rest properly. Lebanon’s energy crisis is taking people to unlikely places in their desperate search for the essentials, …

The Lebanese people are suffering. A protest in the city of Tripoli turned violent in mid-July when a hand grenade exploded, injuring five soldiers. Such protests have become common in Lebanon due to the dire economic and political situation in the country. Lebanon’s economic woes were foreshadowed by high levels of public sector debt, illiquidity …

A man walks past a bank’s electronic board showing the Hong Kong Stock Index on the Hong Kong Stock Exchange on Monday, August 9, 2021. Asian stock markets followed Wall Street higher on Monday after China and the Australia have tightened anti-virus controls that threaten to weigh on an economic recovery. People walk past a …

In comments to Al-Fanar Media, administrators at the Lebanese American University said the university was forced to adjust its tuition fees to preserve its financial viability and maintain its high educational standards. They pointed out that tuition fees are the main source of income for the university to pursue its academic mission. The university said …

Lebanon has been without government since the massive explosion of August 4, 2020 that blew up Port Beirut and, with it, the administrative machine of Lebanon. In the aftermath of the explosion, President Michel Aoun promised a quick and transparent investigation. A year later, no one has been held responsible, as the investigation itself has …

A year ago, a devastating explosion of a stockpile of ammonium nitrate fertilizer randomly stored in the Port of Beirut killed more than 200 people and left much of it looking like a war zone . The explosion, for which no one has been held responsible, and the effects of the Covid-19 pandemic, have inflicted …

More than 71% of the country’s population – more than 4 million people including 1 million refugees – are at immediate risk of losing access to safe drinking water, UNICEF said Friday. Pumping of water is expected to gradually cease across the country over the next four to six weeks, due to shortages of funding, …

WHEN The Economist introduced its Big Mac Index 35 years ago, McDonald’s ubiquitous burger was only $ 1.60 in America. Now, it costs $ 5.65, based on an average price across four cities. The increase far exceeds inflation over the same period. Listen to this story Your browser does not support the item . Enjoy …

On the feast of Saint Charbel, celebrated last Sunday, Cardinal Béchara Raï, Patriarch of Antioch of the Maronites, prays for the intercession of the Saint of Lebanon to help the nation recover from one of the worst economic crises and policies that she has ever known. . Vatican News Editor Cardinal Béchara Raï, Patriarch of …

Senior Israeli defense officials have warned their counterparts in Europe and the United States that Lebanon’s serious economic, political and infrastructural problems crisis is accelerating efforts to root Iran in the region and strengthen Hezbollah, according to a recent report by the Kan new. According to the report, the sources told their counterparts that alongside …

Beirut, Lebanon – Doctors have warned that Lebanese hospitals will struggle to cope with a large influx of coronavirus patients amid an increase in the number of new cases caused by the highly contagious Delta variant. Lebanon recorded 577 new COVID-19 infections over a 24-hour period on Friday, according to the health ministry, the first …

The coronavirus pandemic and a huge explosion in the port of Beirut last August have further devastated the economy. Estimates put the central bank’s losses at between $ 50 billion and $ 60 billion. The International Monetary Fund has offered help, but Lebanese officials accuse Salameh of blocking an audit requested by the United States …

Lebanon is currently in the throes of the worst economic crisis in its history. There are daily fuel and electricity shortages, a chronic lack of medical supplies and a lack of essential drugs in hospitals. Some 77% of Lebanese households are unable to buy enough food. The Lebanese pound has lost 90% of its value …

The Prime Minister-designate is awaiting President Michel Aoun’s response to the cabinet’s new proposal which could end a nine-month deadlock. Lebanese Prime Minister-designate Saad Hariri has presented a new cabinet proposal to President Michel Aoun, which could end a nine-month stalemate as the country faces an economic collapse. Veteran Sunni politician Hariri has presented several …

The collapse of the Lebanese currency and the restrictions imposed by Saudi Arabia on the importation of agricultural products from the Mediterranean country threaten to worsen food insecurity and create a wave of hunger in the country, according to its minister of Agriculture. Speaking to Anadolu Agency (AA), Abbas Mortada noted that fear grows day …

Lebanon is small. Colonial powers who drew borders around its mountain ranges and Mediterranean port towns gave it about half the land area of ​​Wales. You can drive up and down in about three hours. So driving for five hours, like I did recently, is unusual. Lebanon had not expanded: the journey should have taken …

BEIRUT (AP) – For the seventh time in a year, the Lebanese Ministry of Economy on Saturday announced new prices for bread, slowly removing subsidies as the country slips deeper into a severe economic crisis and politics. The ministry said the price increase was necessary as the national currency continues to decline against the dollar, …

The Lebanese education system once popular across the region Teacher’s salary worth less than $ 90 per month as currency tumbles Canceled end of secondary school exams BEIRUT, July 8 (Reuters) – Sorbonne graduate Chryssoula Fayad spent nearly two decades teaching history and geography in elite French schools in Lebanon, before heading up departments. Today, …

Lebanese Prime Minister Hassan Diab is pictured at the Government Palace in Beirut, Lebanon, August 10, 2020. REUTERS / Mohamed Azakir BEIRUT, July 7 (Reuters) – The French ambassador criticized the Lebanese prime minister for declaring the country under siege and blamed years of “mismanagement and inaction” by Lebanese leaders for his economic collapse. The …

“I will begin to heal the day my city begins to heal,” says Rabih Kayrouz, his eyes wandering over the iridescent Mediterranean. The Lebanese fashion designer was in his studio in the Gemmayze district, a kilometer and a half from the port of Beirut, when an explosion ravaged the city on August 4. Caused by …

Defense Minister Benny Gantz offered to help Lebanon on Sunday as neighbor Israel continues to suffer from a worsening economic crisis. “As an Israeli, as a Jew and as a human being, it hurts to see the images of hungry people on the streets of Lebanon,” Gantz wrote on Twitter. “Israel has offered aid to …

The Lebanese are grappling with a series of shortages, from gasoline to medicine, as the interim government discusses the removal of subsidies. Lebanon’s drug importers have said they are running out of hundreds of essential drugs and have warned of further shortages if the cash-strapped central bank does not release the funds. The Lebanese grapple …

BEIRUT – Lebanon’s energy ministry last week hiked gasoline and fuel prices by 35%, a move that could lead to a sharp rise in the prices of most commodities in the affected country. crisis. The hike came days after Acting Prime Minister Hassan Diab approved financing of fuel imports at a rate above the official …