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" Economic Crisis"

256 results

World - Region
6/30/2021 5:38:33 PM
The government, which subsidises key commodities including flour and medicine, has also started to gradually reduce support on other key items, after months of deliberations and without any official announcement

World - Region
6/30/2021 10:34:02 AM
He recently had to fix the brakes on his car, and his engine needed a spare part. That cost him more than twice the minimum monthly wage in Lebanon

World - Region
6/29/2021 8:22:12 PM
The economic crisis has eaten away at the value of soldiers' salaries and slashed the military's budget for maintenance and equipment

World - Region
6/29/2021 5:26:23 PM
Lebanon hiked fuel prices by more than 30 percent Tuesday as it reduced subsidies that have eaten away at the central bank's foreign currency reserves amid a painful economic crisis

World - Region
6/24/2021 12:54:28 PM
The crisis is so acute that on Wednesday the lights went out in a building belonging to the foreign ministry, forcing employees to stop work, Lebanese media reported

World - Region
6/22/2021 2:16:36 PM
Most Lebanese have seen their purchase power drop and their savings evaporate, and more than half the tiny country's population now lives below the poverty line

World - Region
6/22/2021 10:24:10 AM
Lebanon has the greatest number of elderly in the Middle East as 10% of the population of 6 million is over 65

World - Region
6/20/2021 7:57:36 PM
The top leaders locked horns over the shape of the government while the country's economic problems, unfolding since late 2019, worsened

World - Region
6/17/2021 5:07:02 PM
Banks and government offices were shut and several shops in central Beirut were also closed

World - Region
6/16/2021 10:38:29 AM
The economic meltdown is putting unprecedented pressure on the US-backed army's operational abilities, wiping out soldiers' salaries and wrecking morale

World - Region
6/9/2021 9:29:56 AM
Lebanon's central bank said it could not continue with its subsidies of medical items without dipping into the mandatory reserves and hard currency deposits parked by local lenders at the bank

World - Region
6/8/2021 9:21:16 PM
Hezbollah, long designated a terrorist organisation by the US, is a major political player in Lebanon and is closely aligned with regional Shia powerhouse Iran

World - Region
6/8/2021 7:22:14 PM
It wasn't immediately clear if commercial banks, short on foreign currency, can meet the demand of an anticipated rush on the banks when the policy goes into effect July 1.

World - Region
6/7/2021 4:43:35 PM
The UGTT will protect the rights of the Tunisian people and their choices, Al-Tabboubi stressed during a meeting that was specifically held to discuss this issue.

World - Region
5/26/2021 5:46:23 PM
Political deadlock among rival parties has prevented the formation of a government to deal with the crisis

World - Region
5/3/2021 10:12:09 PM
Salameh's brother, son and an associate are also named in the legal complaint, said Laura Rousseau, head of the illicit financial flows programme at Sherpa

World - Region
4/29/2021 9:16:52 PM
With the European Union, Paris has been working on creating a sanctions regime for Lebanon that could ultimately see asset freezes and travel bans

World - Region
4/29/2021 5:38:47 PM
Inflation has risen to more than 340% and there are shortages of everything from power to medicines

World - Region
4/22/2021 2:21:31 PM
Lebanon is still reeling from a huge chemical explosion at Beirut port last year that killed 200 people and caused billions of dollars worth of damage, further weakening an economy already facing meltdown

World - Region
4/21/2021 8:20:24 PM
With no end in sight to economic and financial paralysis, Mouawad feels a hopelessness that was not there during the war, which broke out when she was 12 and lasted 15 years

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