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- With its high literacy rate and traditional mercantile culture, Lebanon has been an important commercial hub for the Middle East. It has also often been at the centre of Middle Eastern conflicts, despite its small size, because of its borders with Syria and Israel and its uniquely complex communal make-up.
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Aug 5, 2020 · 5 August 2020. AFP. Lebanon is in the throes of its worst crisis for many years. The Lebanese government has resigned amid growing public anger following a devastating explosion in Beirut on 4...
- Stealing Power to Survive
The BBC's Jeremy Bowen asks why people have been taking to...
- Total
Lebanon has begun a "total" lockdown for four days,...
- The Country Needs Our Energy
Lebanon's economy is collapsing - businesses are closing,...
- Stealing Power to Survive
Nov 1, 2022 · BEIRUT, Nov 1 (Reuters) - Lebanon entered an unprecedented government crisis on Tuesday, with no president, a caretaker cabinet with limited powers and a deeply fragmented parliament. The...
Jun 27, 2024 · Fears are growing that tension between Israel and Lebanon could lead to a regional war involving Iran in the Middle East.
Jun 14, 2024 · CNN — Israel and the Lebanese Iran-backed Islamist group Hezbollah have been ramping up cross-border attacks after months of low-intensity fighting, prompting the Israeli military to warn...
- Lebanon's Descent Into Ruin
- The Mighty Us Dollar Is King in The Black Market
- Family Living Abroad Begged to Bring Suitcases with Supplies
- As Many Flee, Those That Remain Fear For The Future
Lebanon's crisis is largely a result of decades of corruption, waste and mismanagement, with previous governments having spent vast sums of money, leaving the country deeply in debt with little to show for their efforts. Some economists have described the country's financial system as a nationally regulated Ponzi scheme, because it relied on fresh ...
The decision to permanently peg the Lebanese pound to the US dollar in 1997 has resulted in a bizarre situation some 20 years later. In the midst of a collapsing economy in 2021, Lebanon now has two parallel exchange rates. When paying by bank card inside shops or withdrawing from ATMs, $US1 is worth 1,500 Lebanese pounds — according to the officia...
Few parts of the economy are as vulnerable to the deepening crisis as the country's healthcare system. Hospitals across the country are battling with shortages of key medicines, power blackouts throughout much of the day, as well as now a global pandemic and a vaccination rate hovering at just over a tenth of the population. At some hospitals, staf...
For many Lebanese, watching their country spiral into economic collapse has underscored mixed feelings of fury and total helplessness. Some have made the difficult decision to leave to seek opportunities abroad, a situation which the World Bank views as only worsening the country's social and economic loss. "We've been through many wars in Lebanon,...
3 days ago · Stay on top of Lebanon latest developments on the ground with Al Jazeera’s fact-based news, exclusive video footage, photos and updated maps.
Aug 4, 2021 · Lebanon, a small Mediterranean country still haunted by a 15-year civil war that ended in 1990, is in the throes of a financial collapse that the World Bank has said could rank among the world’s...
