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Lebanon Economy


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 …