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Tag: Lebanon

Posted on July 8, 2020

Hottest commodity in Lebanon’s economic chaos: The US dollar

FILE – In this April 28, 2020 file photo, a cell phone shop owner wears gloves as he counts U.S. dollars, in Beirut, Lebanon. A financial meltdown has thrown its people into a frantic search for …

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Posted on July 8, 2020

How Caesar Act could hurt Lebanon’s Tripoli

With residents of Tripoli already suffering shortages under Lebanon’s mounting system-wide collapse, the US Caesar Act promises to both hinder investment in Tripoli and increase cross-border smuggling …

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Posted on July 8, 2020

Convicted Hezbollah financier arrives in Lebanon after early release

Belgian businessman convicted in the United States of financing Hezbollah has returned to Beirut following his early release from prison on compassionate grounds, local media reported on Wednesday.

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Posted on July 8, 2020

RPT-Under “financial siege”, Lebanon must stave off strife, says Bassil

Lebanon is facing a “financial siege” imposed by international powers and its priority is staving off strife caused by the country’s economic meltdown, leading politician Gebran Bassil said on Tuesday …

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Posted on July 8, 2020

Dumpster diving, blackouts and suicides. Lebanon’s woes laid bare as crisis deepens

As Lebanon entered a Covid-induced lockdown earlier this year, the destruction of the middle class remained largely out of sight, but now there’s no escaping the dystopian scenes of desperation.

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Posted on July 8, 2020

Under ‘financial siege’, Lebanon must stave off strife, says Bassil

Lebanon is facing a “financial siege” imposed by international powers and its priority is staving off strife caused by the country’s economic meltdown, leading politician Gebran Bassil said on Tuesday …

( read original story …)



Posted on July 7, 2020

Lebanon’s elites scramble to avoid the reckoning for its debt crisis

One broadcaster prefaced newscasts with harrowing clips of food queues from Venezuela to Iran, asking viewers if this is the Lebanon they want. On its current course, that is where the country is …

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Posted on July 7, 2020

Lebanon’s rising power cuts add to gloom of economic crisis

said Salim Abi Saleh, a gynecologist and the head of the physicians union in the northern city of Tripoli. Lebanon has been shaken by a severe economic and financial crisis, made worse in recent …

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Posted on July 7, 2020

Lebanon music festival holds empty concert in ancient ruins

News Agency Lebanon music festival holds empty concert in ancient ruins. Posted . The usually grand Baalbek Music Festival, set among 3,000-year-old Roman ruins in Lebanon, was re …

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Posted on July 7, 2020

In long-awaited step, Lebanon appoints board at state-owned power firm

The Lebanese government appointed a new board of directors at the state-owned electricity company on Tuesday, a ministerial source said, a long-delayed step that is one of a number of measures awaited …

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