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Social unrest grips Lebanon after pound plunges

BEIRUT: A sudden fall in the value of Lebanese pound has sparked confusion in the markets, widespread anger on the street and warnings that people “can no longer afford to buy anything.” The exchange rate in the parallel market reached 77,000 pounds to the dollar on Wednesday, less than 24 hours after it fell to 68,000 per dollar, creating a huge discrepancy between purchase ....

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Lebanon's economic meltdown worsens as central bank pulls fuel subsidies

BEIRUT: Lebanon’s economic meltdown worsened on Monday as protesters blocked roads in Beirut and Tripoli over power cuts and the Banque du Liban’s decision to permanently remove fuel subsidies. The demonstrations coincided with the Lebanese caretaker government’s renewed call for international efforts to help with the Syrian refugee crisis in the country. In Qasqas and on ....

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Here Is The New Fuel Pricing Mechanism In Lebanon

The new fuel pricing mechanism in Lebanon was adopted today, as 20% of the value of fuel prices began to be secured through banking, provided that companies and stations secure 80% through the black market. ....

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Will banks strike affect several sectors?-[REPORT] - Lebanon

A two-day bank strike will kick off the upcoming week and is expected to affect various sectors | Lebanon News ....

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Lebanese fearful as fuel and wheat shortage deepens

The war in Ukraine has left cash-strapped Lebanon scrambling for alternative sources of fuel and wheat. ....

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