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Lebanon Economy


[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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. …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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. …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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. …

[ad_1] (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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] (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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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, …

[ad_1] 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% …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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, …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 . …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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. …

[ad_1] 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. …

[ad_1] “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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] 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 …

[ad_1] If we don’t believe in change, we will never see it. One of the main obstacles to the revolutionary transformations necessary for Lebanon’s survival as a state is cynicism that perceives real change as impossible – that corrupt elites will always cling to power and that nothing can be done against it. Hezbollah’s treacherous …

[ad_1] Seen from the sky, Lebanon looks like a tourist paradise. At street level, fuel lines around the block, blackouts, growing poverty and outbursts of anger point to a country falling apart, 20 months into an economic crisis that feuding elites are not not willing to resolve. From above, the azure Mediterranean gives way to …

[ad_1] Another week passed and Friday arrived. And no one can say this week of news has been slow. As millions of people enjoy post-pandemic life in restaurants, bars and workout classes, the deadly Delta variant of the coronavirus which is now spreading in parts of the world threatens to bring back the restrictions, as …

[ad_1] More than 30% of families in Lebanon in March had at least one child who skipped a meal or went to bed hungry, according to a new report from UNICEF. The Lebanon: The Future of Children at Play report, released this week, examined the impact of the Lebanese economic crisis on children. The report …

[ad_1] In my previous article, I discussed the risk of Iraq and Syria entering a state of perpetual violence provoked by the militias, to sustain their presence and maintain their profits. High unemployment rates and the growing militarization of governance and the economy have made the formation, membership and maintenance of militias one of the …

[ad_1] On a piece of land behind his modest hut, Salim Alazwak inspects his fields of roses: “Some are for making jam, others are for decoration,” he says, pointing to the yellow flowers. “I don’t use any chemicals”. Originally from Damascus, Syria, Salim fled to Lebanon at the start of the civil war in 2011. …

[ad_1] BEIRUT: With soaring prices in Lebanon in crisis, Sherine can no longer afford to buy sanitary napkins. Instead, every month she is forced to make her own using baby diapers or even rags. “With all the price hikes and the frustration of not being able to handle it, I’d rather stop my period altogether,” …

[ad_1] Rides aboard the Army’s Robinson R44 Raven helicopters would begin Thursday and would be open to passengers aged three and over. The Lebanese army will begin this week to offer tourists helicopter rides in an attempt to replenish the coffers of one of the main institutions of the country affected by the crisis. An …

[ad_1] Cars line up at a gas station waiting to refuel in Damour, Lebanon on June 25, 2021. REUTERS / Aziz Taher BEIRUT, June 28 (Reuters) – Lebanon’s central bank on Monday said it would open lines of credit to import fuel at 3,900 Lebanese pounds to the dollar, a lower rate than previously proposed …

[ad_1] LONDON: Odile Renaud-Basso, the first female president of the European Development Bank, hopes to restore EBRD’s green investment targets while tackling equality at work as economies hit by COVID-19 recover. Before chairing his first EBRD annual meeting this week, in an interview with AFP, Renaud-Basso also highlighted the rapid digitization of the workplace that …

[ad_1] This move is expected to push up the price of gasoline, but should temporarily ease the shortage crisis. On Friday, Lebanon’s acting prime minister approved financing of fuel imports at a rate above the official exchange rate, reducing critical fuel subsidies amid worsening gasoline shortages. The move is likely to sharply raise the price …

[ad_1] BEIRUT – It’s been over a month since Lebanese drivers started stand in line in their cars for hours to get gasoline amid fuel shortages. This added to the many crises the Lebanese are already going through, leaving them even more suspicious of their future. He has become commonplace seeing long queues in the …

[ad_1] The electricity crisis is so acute that the lights went out in a building owned by the Foreign Ministry, forcing employees to stop work, according to local media. This photo taken on June 23, 2021 shows a view of a mesh of elevated power lines along a street on the outskirts of Beirut, the …

[ad_1] Lebanon’s Economy Ministry raised the price of subsidized bread for the fifth time in a year amid the worsening economic and financial crisis in the small country Through Associated Press BASSEM MROUE June 22, 2021, 12:04 PM • 3 minutes to read Share on FacebookShare on twitterEmail this article BEIRUT – The Lebanese Ministry …

[ad_1] The past year has brought immense challenges to all corners of the world, and this is especially true for the 80 million forcibly displaced people around the world. The COVID-19 pandemic has exacerbated the already precarious conditions of refugees, two-thirds of whom come from just five countries: Syria, Venezuela, Afghanistan, South Sudan and Myanmar …

[ad_1] 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 …

[ad_1] “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 …

[ad_1] 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, …