Lebanese expats, responsible for 12.5% of the country’s GDP, are frustrated with their government’s systematic corruption and mismanagement. After years of keeping their native land afloat, many …
Protests as Currency Slides, Price of Bread Rises in Lebanon
Protesters closed several major roads in the Lebanese capital Beirut on Tuesday amid rising anger as the currency hit a new record low on the black market, electricity cuts increased and the …
Amid coronavirus, economic crisis, Lebanon’s advertising sector takes 90 percent hit
A blank billboard is shown in Lebanon amid the ongoing economic crisis that has been exacerbated by the coronavirus pandemic. (Screengrab) In normal times, Lebanon’s thoroughfares are a hodgepodge of …
Lebanon braces for Caesar Act fall out amid financial meltdown
The US administration’s latest round of sanctions against Syria has worried bankers and businessmen across the border in Lebanon, who say it could add to the small country’s worst economic and …
Lebanon protests increase possibility of Hezbollah attack against Israel
Over the past few weeks, protests in Lebanon have regained strength, mainly in response to economic distress and the deterioration in the value of the Lebanese currency, the pound. As the protests …
Lebanon army scraps meat from meals as prices skyrocket
The Lebanese army has scrapped meat from all meals it offers to soldiers on duty as food prices skyrocket because of a deepening economic crisis, state media said Tuesday. Lebanon is in the throes of …
U.S. Envoy in Lebanon Says ‘Page Turned’ After Interview Ban
The U.S. ambassador in Lebanon said on Monday the page had been turned on an incident sparked by a court ruling banning media in the country from interviewing her after she heaped criticism on the …
Top Financial Official Resigns As Lebanon Crisis Deepens
The move comes as talks stall between Lebanon and the International Monetary Fund to lift the nation out of its worst economic crisis since the 1975-1990 civil war. Alain Bifani is the second member …
Lebanon finance ministry’s top civil servant steps down
The top civil servant in Lebanon’s finance ministry resigned, blaming “forces of darkness and injustice” for sabotaging efforts to rescue the country from its worst financial crisis in over 30 years.
Top Lebanese Finance Ministry Official Resigns Amid Crisis
The director general of Lebanon’s Finance Ministry and a member of the country’s team negotiating with the International Monetary Fund resigned from his post on Monday amid a worsening economic and …