Lebanon economy


How The Lebanese Private Sector Is Coping In The Eye Of A Storm

Middle East Business News - Published date: .

Businesses extremely pessimistic about future as layoffs continue and wages plummet Read more

Lebanese Pound: The Most Undervalued Currency In The World

Middle East Business News - Published date: .

As political and economy chaos ensues, leading analyst says exchange rate needs sorting 'as soon as possible' Read more

Inflation Spirals Out Of Control As Lebanon Drowns In Excess Pounds

Middle East Business News - Published date: .

Local currency in circulation soars 137% as it loses 80% of its value amid ongoing economic crisis Read more

Lebanon's Inflation Nightmare Intensifies Amid Economic Crisis

Middle East Business News - Published date: .

Lebanon witnesses another dramatic inflation surge in August, deepening the misery of the country's growing number of po... Read more

Lebanese Bank Deposits Slump $15bn In 2020 As Confidence Sinks

Middle East Business News - Published date: .

Lebanese banks have signalled a $31 billion drop in deposits since early 2019, the largest drop for decades Read more

The Man Seeking To Breathe New Life Into Lebanon's Manufacturing Sector

Middle East Business News - Published date: .

Alexandre Harkous aims to offer new platform to finance Lebanon's imports through his Cedar Oxygen initiative Read more

Lebanon Succumbs To The Highest Debt-to-GDP Ratio In The World

Middle East Business News - Published date: .

Beirut Port blast, coronavirus add up to an economic crisis which could see GDP fall from $55bn to $25bn in just two yea... Read more

IMF Ready To Help Blast-hit Lebanon Once New Government In Place

Middle East Business News - Published date: .

Country is facing a severe economic crisis after a neglected warehouse full of fertiliser ignited in a cataclysmic blast... Read more

US Sanctions To Beirut Port Blast: Key Moments In Lebanon's Economic Downfall

Middle East Business News - Published date: .

Less than a decade ago, Lebanese banks were the crown jewel of the economy. Today they are in crisis. What went wrong? Read more

$8.8bn Wiped Off Lebanon's Foreign Assets As Crisis Deepens

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Banker raises doubts over Central Bank's artificial minimum threshold Read more

Lead Lebanon Negotiator For IMF And Eurobond Restructuring Quits

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Talal F. Salman is the third ministry official to quit over Lebanon's response to its financial crises Read more

Half Of Lebanese Could Face Food Shortages: UN

Middle East Business News - Published date: .

Government priority must be given to rebuilding silos at Beirut port, says UN Economic and Social Commission for Western... Read more

'Fix It Or Exit': The Stark Situation Facing Lebanese Banks

Middle East Business News - Published date: .

If Lebanese banks fail to increase their capital by 20% by the end of February 2021 they have to exit the market, says C... Read more

Strict New Rules Make Life Tough For Lebanese Retailers

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Central bank imposes stricter requirements to open letters of credit to finance imports into the country Read more

Munich Re Among Reinsurers Exposed To 'major' Beirut Blast Loss

Middle East Business News - Published date: .

Property damage alone from the blast, which killed more than 150 people and triggered the collapse of Lebanon's governme... Read more

Emirates NBD In Talks To Buy Lebanese Bank's Egyptian Business

Middle East Business News - Published date: .

Discussions are ongoing and there is no certainty that a deal will be completed, Dubai-based Emirates NBD said Read more

Lebanon Banks Tighten Withdrawal Caps, Sparking Outcry

Middle East Business News - Published date: .

Withdrawal limits differ from bank to bank, but have so far generally been capped at around $1,000 a month Read more

Lebanon Minister Warns Health Sector At Threat Over Dollar Shortage

Middle East Business News - Published date: .

Jamal Jabak urges central bank to release US dollars over a hard currency shortage limiting medical imports to the prote... Read more

Lebanon Banks Told To Boost Capital To Ease Growing Pressure

Middle East Business News - Published date: .

Banque du Liban said raising capital by $4bn would help banks 'confront the current situation and any future development... Read more

Lebanon Banks Reopen As Protests Ease

Middle East Business News - Published date: .

Large queues form outside banks from early morning and people rush in as soon as doors opened to cash in their salaries ... Read more