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Tag: Lebanon

Posted on July 15, 2020

Currencies of Lebanon, Iran and Syria are in freefall with inflation surging, IIF says

Sanctions, geopolitics and Covid-19 have diminished the strength of the three currencies and weakened the economies of Beirut, Tehran and Damascus …

( read original story …)



Posted on July 15, 2020

‘Hunger Crimes’ on the Rise in Lebanon

Empty fridges show impact of Lebanon’s economic crisis. AFP Zakaria al-Omar was walking through Beirut when a stranger robbed him at knifepoint, a desperate crime of a kind that has become …

( read original story …)



Posted on July 15, 2020

Diab Accuses Politicians of Blocking Aid to Lebanon

Prime Minister Hassan Diab criticized on Tuesday some Lebanese parties of working on blocking aid to Lebanon.”You do know that contacts … with our friends around the world, are witnessing positive and …

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Posted on July 14, 2020

Lebanon seeks to import fuel from Kuwait amid shortages: Local media

Lebanon wants to negotiate fuel imports with Kuwait to help Beirut cope with an economic and financial crisis, Lebanon’s internal security chief said in remarks published on Tuesday. Abbas Ibrahim …

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Posted on July 14, 2020

Lebanon seeks fuel imports from Kuwait – newspaper

Lebanon wants to negotiate fuel imports with Kuwait to help Beirut cope with an economic and financial crisis, Lebanon’s internal security chief said in remarks published on Tuesday.

( read original story …)



Posted on July 14, 2020

Lebanon’s cash crunch now faces a trash crisis, again!

Bankers have “smuggled” up to $6bn out of Lebanon since October, circumventing controls introduced to stem capital flight, according to the country’s former top finance civil servant, Alain Bifani, …

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Posted on July 14, 2020

Small Lebanon Businesses Struggle to Survive

Before the pandemic, Lebanon faced an economic crisis rooted in years of government … He also kept up a limited flower business, only delivering orders and selling bouquets at the bakery. Ataya kept …

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Posted on July 14, 2020

ICE: Convicted Hezbollah financier has returned to Lebanon

A Lebanese businessman serving a five-year prison term for laundering millions of dollars to the militant group Hezbollah has returned to Beirut after being granted early release due to coronavirus …

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Posted on July 14, 2020

Nigerian migrant worker back home after ordeal in Lebanon

Beirut, Lebanon – A Nigerian domestic worker who documented her abuse by former employers in Lebanon has arrived back home following a months-long ordeal that saw her arrested and accused of attempted …

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Posted on July 13, 2020

Lebanon crisis: Dumpster diving, blackouts and suicides. Country’s woes laid bare

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.

( read original story …)



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