Lebanese companies potentially affected by this are Banks Audi, BLOM and Byblos and construction giant Solidere
Lebanon economy
Blom Bank
Lebanon’s banks impose commission fee on international transactions
The move affects Lebanese in and out of the country, including those in the Gulf, making goods and services purchased abroad more expensive
Lebanese pound
Will a currency board help resolve Lebanon’s financial crisis?
Experts are divided on proposal as economic crisis in Lebanon continues unabated
Cash-strapped Lebanon
Cost of living in Beirut remains high despite crippling economic crisis
Surveys name Lebanese city as the most expensive in the Middle East
Cash-strapped Lebanon
World Bank unveils $246m plan to arrest growing poverty in Lebanon
Move comes as economic and Covid-19 crises has led to a shocking increase in poverty in Lebanon
Bank Audi
First Lebanese banking merger since 2019 agreed as capital pressures rise
Bank Audi says it is merging the local business operations of Audi Private Bank and Audi Investment Bank into its business
Cash-strapped Lebanon
State of emergency to begin in Lebanon on Thursday after virus surge
Day-time and night-time curfew will be enforced from 5am on Thursday until 5am on January 25
Blom Bank
Business conditions in Lebanon unlikely to improve in 2021, says economist
Lebanese businesses continued to cut staff numbers in December with the rate accelerating to the quickest since July
Central Bank of Lebanon
Why the World Bank wants Lebanon to scrap its subsidy system
Call comes as policymakers in Lebanon consider a shift away from foreign exchange subsidy for imports of critical and essential goods
Lebanon coronavirus
More economic pain expected as third virus lockdown looms in Lebanon
Lebanon’s Covid-19 ministerial committee is set to order a third nationwide lockdown to contain recent virus surge
Beirut Explosion
2020: a year of crises that drove Lebanon to the brink
How a triple crisis made 2020 one of the worst years in the country’s recent history
Central Bank of Lebanon
Foreign direct investment into Lebanon falls to lowest mark since 2002
United Nations Conference on Trade and Development report says FDI inflows fell 20% to $2.1bn in 2019
foreign remittances
Revealed: the importance of remittances to Lebanon’s ailing economy
Equivalent to 36.2 percent of the country’s GDP in 2020, this constitutes the third highest ratio in the world
cost of living in lebanon
Lebanon’s inflation rate registers rare dip but still tops 133% in November
New statistics show November rate fell for the first time in 2020 from record high of 136% in October
economic reforms
Lebanon headed towards ‘failed state’ without reforms, says IIF
Institute of International Finance urges action to prevent Lebanon lurching in same direction as Venezuela
American University of Beirut
Students protest as Lebanon’s economic crisis leads to huge tuition fee hikes
University students hold Day of Rage to protest against the dollarisation of their tuition fees
Beirut Explosion
The numbers that confirm Lebanon’s worst recession since 1975
Official statistics reveal the combined impact of the economic crisis, the coronavirus pandemic and the Beirut Port explosion