The state-owned generator in Lebanon has been barely functioning in recent months, leaving citizens dependent on private generators that run on diesel fuel. Secondly, the agreement represents a …
Fallout From Economic Meltdown Continues in Lebanon
Location: In the Middle East and bordering the Mediterranean Sea, Lebanon is between Israel and Syria. It is about one-third the size of Maryland.
With bread prices skyrocketing, Lebanon waits for crucial wheat imports and international aide
Lebanon imports most of its food and all of its fuel, and over 80% of the country’s wheat comes from Ukraine and Russia. Since the start of the war, the Kremlin’s blockade on Ukrainian grain exports …
Lebanon parliament approves $150m World Bank loan for wheat imports
The loan is to finance wheat imports for the next six to nine months, according to caretaker economy minister Amin Salam. Lebanon has suffered from chronic shortages of wheat and flour since its …
ABTS Lebanon installs solar panels
Solar panels have sprouted on rooftops across the country, powering refrigerators, washing machines, fans, and lights. Loulwa El Maalouf with the Arab Baptist Theological Seminary (ABTS) says, …
Lebanon’s Parliament votes to spend World Bank loan on wheat
Lebanese lawmakers on Tuesday voted to use a $150 million World Bank loan to pay for wheat imports into the cash-strapped country. Already in the throes of a crippling economic crisis, Lebanon is also …
Purpl partners with Mambu to facilitate money transfers to Lebanon
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Purpl partners with Mambu to facilitate money transfers to Lebanon
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Reading Lebanon’s Electoral Tea Leaves
With the newly elected, western-leaning government focused on technocratic solutions to Lebanon’s myriad political and economic challenges, the group turned southward and to its old bag of tricks for …
New $15 million sports complex coming to Lebanon
Phase one will feature five soccer fields with LED lighting along with a walking trail, playground, concessions, and a pavilion.