Lebanon hiked the cost of rides in shared taxis and buses by 50% on Wednesday, the first rise in nearly a decade, reflecting soaring prices in a country hit by a financial meltdown.
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 …
‘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 …
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 …
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 …
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.
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, …
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 …
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 …
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 …