by Charbel Lebbos | Sep 14, 2022 | Arab Economy
Lebanon’s remaining fuel subsidies were lifted fully on Monday, following a central bank decision to stop providing dollars for petrol imports. The Bank du Liban has stopped providing dollars for petrol imports, a central bank representative told Reuters. The...
by Charbel Lebbos | Sep 12, 2022 | Arab Economy, Arab News
Plumes of thick black smoke billowed from Lebanon’s old Zouk power station this week, stoking concerns among Lebanese as experts warned the low-quality fuel authorities were using to power the plant was a health and environmental hazard. The Energy and Water...
by Charbel Lebbos | Sep 10, 2022 | Arab Economy, Arab News
Hazar, an 11-year-old Syrian girl from Aleppo, dreams of being a doctor and a teacher — but instead often finds herself collecting potatoes in Lebanon’s fertile Bekaa Valley to help her family pay their spiralling rent. Her mother Shamsa, 32, who has five other...
by Charbel Lebbos | Sep 6, 2022 | Arab Economy
Lebanon’s private sector activity improved in August to the highest levels in more than nine years as output and new orders picked up. The Blom Lebanon Purchasing Managers’ Index rose to 50.1 last month, from 49.9 in July, its highest reading since June...
by Charbel Lebbos | Sep 6, 2022 | Arab Economy
Marie Kossaifi has been trying to pay her son’s traffic ticket since March. First, there was no electricity at the post office to process the payments. When she returned, the post office had run out of stamps to officialise the transaction. So, she ran out of...
by Charbel Lebbos | Sep 3, 2022 | Arab Economy
On Friday, September 2, 2022, the price of 95 and 98 octane fuel increased 13,000 LBP, and that of Diesel increased 28,000 LBP. The prices of hydrocarbon derivatives became as follows: – Gasoline 95 octane: 616,000 LBP – Gasoline 98 octane: 630,000 LBP...
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