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" economic crisis"

363 results

World - Region
7/6/2021 9:48:03 AM
Currently, most hotel reservations are from Lebanese expats and some foreigners from neighboring Iraq, Egypt and Jordan

World - Region
7/2/2021 10:00:00 PM
The blast in August, blamed on a huge quantity of chemicals left for years in poor storage conditions, deepened a political and economic crisis in the heavily indebted country

World - Region
7/1/2021 10:39:37 AM
The price of menstrual pads has risen by almost 500 percent since the start of a financial crisis the World Bank has dubbed likely one of the world's worst since the 1850s

World - Region
7/1/2021 9:45:31 AM
Among those attending the Vatican talks is Maronite Patriarch Beshara Rai, who has been outspoken in criticising the corruption of the political class in Lebanon

World - Region
6/30/2021 9:39:46 PM

World - Region
6/30/2021 7:22:37 PM
Riots in Tripoli over the weekend left at least 20 people injured, half of them soldiers

World - Region
6/30/2021 5:39:14 PM
'Aymen Ben Abdel Rahamane has been appointed prime minister and charged with carrying on consultations with political parties and civil society to form a government as soon as possible,' the presidency said in a statement

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.

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