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1 – 10 of 40This came shortly after Prime Minister Hassan Diab addressed the nation, promising a 1.2-trillion-Lebanese pound (400-million-dollar) stimulus plan -- although it was unclear how…
This comes as the worsening economic crisis today caused Central Bank Governor Riad Salameh to end fuel subsidies, abolishing a preferential exchange rate for imports. The EU is…
COVID-19 cases have spiked in the wake of the devastating August 4 explosion that destroyed parts of Beirut, causing mass casualties and forcing the resignation of Prime Minister…
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DOI: 10.1108/OXAN-DB254641
ISSN: 2633-304X
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The government has drawn up a detailed document setting out the gravity of the country’s economic plight and requesting over 10 billion dollars of additional aid from the IMF and…
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DOI: 10.1108/OXAN-DB252596
ISSN: 2633-304X
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This followed the government’s decision to default, for the first time ever, on bonds maturing on March 9. There is a mounting controversy over whether to seek financial support…
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DOI: 10.1108/OXAN-DB251560
ISSN: 2633-304X
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Mass popular protests forced the resignation of the previous coalition government and threatened Hezbollah's domestic political hegemony. This comes as the movement leads calls…
LEBANON: New cabinet will fail to exit crisis
LEBANON: Regional tensions will worsen the crisis
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DOI: 10.1108/OXAN-ES249891
ISSN: 2633-304X
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This promptly followed reports of a large explosion at a Hezbollah-linked fuel depot on a smuggling route across the Lebanon-Syria border, possibly targeted by Israeli planes.
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DOI: 10.1108/OXAN-DB258590
ISSN: 2633-304X
Keywords
Geographic
Topical
The central bank has struggled to address a deep financial crisis that, exacerbated by COVID-19, has impoverished a whole population. In addition to complex exchange controls, it…