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Thursday, September 29, 2022

MENA & GCC

bachar el-assad

Lebanon’s energy crisis: Syria is back in the game

The economic crisis in Lebanon has been deepened by an energy crisis following the drying up of imported fuel into the country. This energy crisis has made life in Lebanon acutely difficult...
Lebanon fuel shortage

Lebanon: The looming economic collapse

Basic medical facilities and emergency services won’t be able to face the crisis. It will be game over soon. "Doctors and nurses faced grave dangers as they battled in the frontlines against...
Lebanese Pound

Hyperinflation could spark mass uprising in Lebanon

“I remember what happened in Argentina in 2011”, says Flora, an Argentinian citizen living in Beirut since 2013. “Now, my Lebanese friends understand what it means to lose everything, to see prices...
lebanon covid vaccine

Lebanon’s (lost) battle with coronavirus pandemic

Lebanon stands on the precipice. If not worse. With countries across the globe reeling from the effects of the coronavirus-induced lock-downs which has significantly negatively impacted sectors, industries and economies around the...
lebanon digital currency

Banque du Liban preparing digital currency launch next year

Can the Banque du Liban really find a good solution to extinguish all the criticism? As part of a broader push to combat the financial crisis that has engulfed Lebanon, the country’s...
lebanon agriculture

Agriculture in Lebanon: The glimmer of hope?

Lebanon should not avoid all the laws of gravity. As elsewhere in the world, agriculture should be the backbone for our country since it caters to the most basic human need of...
lebanon beirut explosion china

Lebanon: Beware of China’s appetite

Vultures are craving to strip the flesh from Lebanon's bones. The August 4, 2020 explosion of 2,750 tons of ammonium nitrate in Lebanon port, stored without adopting due safety measures was an...
beirut 2020 explosion

How “I-don’t-give-a-shitism” and corruption destroyed Beirut

Beirut was destroyed. Once again. On August 4, following a massive explosion that ravaged Beirut’s neighbourhood, including ones up to 10 km away, people in Lebanon got to know of the dangers...
1000 Lebanese Pounds

Lebanese Pound’s crisis, an opportunity in disguise?

The glamorous rate of the Lebanese Pound, artificially indexed to the US dollar for so many years, is history now. In recent months, the pressure on Lebanon’s economy is seeing a pile-up....
lebanon oil gas

Lebanon’s gas boom dead in the water?

Lebanon’s quest for gas and oil has so far yielded no meaningful results with the country’s first-ever offshore search for hydrocarbons throwing up commercially unviable results. “No matter where you turn, the...