The current ceasefire has emboldened some investors to begin exploring opportunities in areas where prices have dropped significantly
Lebanon crisis
Latest in Lebanon crisis
Hezbollah
Lebanon faces $25bn reconstruction bill as Israel-Hezbollah ceasefire opens window for economic recovery
War-torn Lebanon eyes economic rebound but reconstruction costs loom large and recovery hinges on reforms and presidential deadlock
Lebanon
Lebanon eyes Christmas tourism boost as ceasefire brings respite to millions of expats
The Christmas tourism boost, if sustained, could provide much-needed foreign currency inflows for a country whose currency has lost more than 90% of its value against the US dollar on the black market
Cyberattack
Analysis: Hezbollah pager explosions signal shift to ‘unrestricted, asymmetric warfare’ – experts
Lebanon-Israel tensions enter a “new era” after Tuesday’s deadly Hezbollah pager explosions killed 9 and injured thousands
Central Bank of Lebanon
Inside Lebanon’s Ponzi scheme economy and the $100bn outflow crisis
A tangled web of financial misdeeds, shaky banks, and questionable central bank practices has plunged Lebanon’s economy into a crisis with no end in sight
geopolitical conflicts
Lebanon housing costs surge amid property crunch as conflict fears spark exodus, echoing 2006 war
Lebanese fleeing conflict zones spark safe housing shortage and rental price surge, compounding pressures on peak tourism season
Al Habtoor Group
UAE’s Al Habtoor Group threatens to sue Lebanon’s govt over $44mn investment dispute
The dispute stems from restrictions imposed by Lebanon’s embattled central bank preventing Al Habtoor Group from transferring its trapped funds out of Lebanese banks
Beirut Rafik Hariri International Airport
Lebanon cancels $122mn Beirut airport terminal over ‘corruption’ scandal
Lebanon had announced the construction of a new terminal at Beirut’s airport last Monday, which was set to welcome about 3.5 million passengers annually by 2027
currency crisis
Lebanese go hungry as poverty rises amid economic failure: Report
The majority of people in Lebanon are unable to secure their social and economic rights
financial crisis
Lebanese soldiers undergo bank heist training amid rise of theft
The Lebanese army have conducted heist training for bank robberies and hostage situations following a rise in recent incidents
financial crisis
Lebanese expats set to lose millions amid economic crisis
The country’s deputy prime minister said the government’s plan won’t cover all depositors
Beirut
Armed Lebanese woman storms bank in Lebanon, took hostages and threatened to set herself on fire
The woman and a group of depositors took hostages at Blom bank in Beirut, demanding withdrawals from their accounts
Beirut
Will $500m fund breathe new life into Lebanon’s private sector?
Lebanon Economic Empowerment Fund will provide debt capital exclusively to qualified privately-owned Lebanese businesses
Bahaa Hariri
Bahaa Hariri calls for urgent ‘non-sectarian’ action to save Lebanon from collapse
According to the latest World Bank Lebanon Economic Monitor (LEM), the economic and financial crisis is likely to rank in the top three most severe crises episodes globally since the mid-nineteenth century
Bahaa Hariri
Why Lebanon ‘is on the brink’
One year on from the Beirut blast, in an impassioned, exclusive letter, Bahaa Hariri, the son of former Lebanese Prime Minister Rafic Hariri, lambasts state corruption as even Syrian refugees return home for a better life
Arab Gas Pipeline
Egyptian gas to reach Lebanon by year-end, says minister
Gas will help feed the Deir Ammar power plant in Lebanon, which has a capacity of 450MW
International Monetary Fund
Lebanon’s private sector calls for ‘stability and normality’ amid ongoing crisis
In a country where the government’s approach to the private sector can be seen as apathetic as best and a hindrance at worst, Lebanon’s competitiveness rating is 88th out of 141 countries in 2019’s Global Competitiveness Index