Samira Hanna spends a lot of time in the dark. Her old Beirut apartment gets less than two hours of electricity a day, and with Lebanon’s economy in ruins, the grandmother can barely afford candles, …
Lebanon’s Currency Crisis Paves The Wave to a New Future
Lebanon is in the midst of the worst economic crisis in modern history. With its currency devalued by 85%, it is up to the people of Lebanon to rebuild a new financial system. Here are their options.
Without IMF bailout, is Lebanon heading for ‘hell’?
Talks between crisis-hit Lebanon and the International Monetary Fund are deadlocked, and leaders reluctant to enact reforms. Without a vital multi-billion-dollar bailout, is Lebanon headed for “hell”?
China Wants to Be Lebanon’s Savior
China Wants to Be Lebanon’s Savior… DON’T LOSE ACCESS: Your IP access to ForeignPolicy.com will expire on June 15. To ensure uninterrupted reading, please contact Rachel Mines, sales director, at …
More hurdles lie ahead for Lebanon’s struggling tourism industry
Lebanon, he lamented … Abdelnour doesn’t see an immediate recovery for his lettings business ahead. “This doesn’t mean it’s going to have a big boost for business because there are still …
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 …
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 …
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.
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 …
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.