Lebanon

Lebanon Announces Measures to Stabilize Currency, Food Prices

Lebanese officials announced more measures to stabilize the nation’s plunging local currency and rein in soaring food prices that have triggered nationwide protests. The government will expand the list of subsidized goods, such as wheat, fuel and medicine, to include more than 200 food items, Economy Minister Raoul Nehme said at a joint briefing with central bank Governor Riad Salameh ...

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Lebanese Expats Report Cancellation Of Their Non-MEA Flights To Lebanon

the airport’s reopening day draws closer, people preparing to return to Lebanon are reporting that their non-MEA flights are getting canceled. it’s worth noting that not all flights to Lebanon are being canceled. Emirates recently announced that it will soon be flying to Beirut. However, those whose flights are being canceled are left with only one alternative: A costly Middle East Airlines ...

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IMF chief says more unity needed in Lebanon on reforms

nternational Monetary Fund Managing Director Kristalina Georgieva said she does not yet have reason to see a breakthrough in negotiations with Lebanon to help resolve the country’s economic crisis. Georgieva told a Reuters Newsmaker webcast event that IMF officials continue to work with Lebanon, but it is unclear whether the country’s leaders, stakeholders and society can unify around reforms needed ...

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Lebanon reports 22 new coronavirus cases, 1,719 in total

Lebanon’s number of COVID-19 cases increased on Saturday by 22 to 1,719, while the death toll remained unchanged at 33, the National News Agency reported. The new cases were detected after 2,635 PCR tests were conducted in the past 24 hours, according to the heath ministry. Meanwhile, Beirut International Airport, which will reopen on July 1, has prepared all necessary ...

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Lebanon to impose partial curfew over coronavirus

Lebanon will impose a partial curfew as of Thursday as part of efforts to stem the spread of coronavirus, an official said Thursday. Lebanese Information Minister Menal Abdussamed said authorities have decided to impose a curfew from 7 p.m. until 5 a.m. and are urging residents to cooperate. Lebanon Thursday reported 35 new cases of the virus also known as ...

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Coronavirus delivers tough blow to Lebanon’s dying economy

While residents of many other countries are counting on government bailouts, that’s not an option in country teetering on the edge of bankruptcy Through 15 years of civil war and various bouts of violence since, Lebanon’s Barbar eatery never closed its doors, serving up sandwiches to customers even if it meant doing so from behind sandbags. The coronavirus pandemic, however, ...

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Coronavirus pandemic: Can Lebanon afford a shutdown?

Lebanon is facing an unprecedented financial crisis, amid months of widespread public discontent. It’s now confronted with the COVID-19 outbreak and its potential economic repercussions. Earlier in March, Lebanon failed to repay $1.2 billion in outstanding bonds. The country is also struggling to cope with dwindling foreign currency reserves and double-digit inflation. We speak to Dan Azzi, a former chairman of Standard Chartered ...

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Coronavirus Politicized in Lebanon as Some Blame Iran

Some in Lebanon are casting blame on Iran, the supporter of the country’s Hezbollah party, after the country’s first case of the new virus was discovered on a flight from the Iranian city of Qom this week. The existence in Lebanon of the new virus that first emerged in China has been politicized by some in Lebanon’s deeply divided population, ...

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PA, Jordan and Lebanon take precautionary measures against coronavirus

Palestinians say they are working with Israel to combat the virus The Palestinian Authority, Jordan and Lebanon said on Sunday they have taken precautionary measures to prevent the outbreak of the coronavirus in their territories. While the PA and Jordan said no cases of coronavirus have been found among their citizens, Lebanon confirmed the first case of a 45-year-old woman ...

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Syrian refugees in Lebanon suffer amid economic uncertainty

Lebanon’s economic and political crisis over the past four months has hit Syrian refugees particularly hard. Beirut and Beqaa Valley, Lebanon – For Mahmoud, a Syrian refugee working in Beirut, the sharp economic and financial downturn gripping Lebanon has brought old anxieties from his homeland bubbling to the surface. “About the economy, if it is going to [collapse] or something ...

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