The road to Lebanon’s economic recovery is long and winding, blocked by people with power who are protecting their own interests.
And the fate of depositors' savings.
“If the accident doesn’t kill us, the road will,” said Lena Gebrane, VP of Kunhadi.
The start of July marked the rise of the telecoms prices of “Alfa” and “Touch,” at a time when private...
The Association of Banks in Lebanon (ABL) announced in a statement Friday that the banking sector would go on strike Monday in protest of what the association said was “populist, harmful stances” which will effectively prevent depositors from accessing funds and other services. Banks will reopen on Wednesday as per...
In a damning report released Wednesday, the World Bank slammed Lebanon’s post-civil war public finance system for its long-term departure...
Economic risk expert Dr. Mohammad Fheili breaks down the battle with banks and bank secrecy in Lebanon.
Political leaders in Lebanon have shown more propensity to blame marginalized communities than the system in place for the crisis.
From crossing cheese off their shopping lists to searching for stale bread in dumpsters, eating habits in Lebanon have significantly changed.
“I don't want to be a burden on anyone,” said one 68-year-old woman in Lebanon. “I want to live and die in dignity.”
"Rent went up, and water prices, and there's no electricity, but salaries didn't increase for these changes to make sense," said one woman.