Skip to main content

What Lebanon will get from the Iran deal

Economist Hassan Mokalled told Al-Monitor that the expected boost the nuclear deal will provide Iran's economy could benefit Lebanon in several areas.
Ali Akbar Velayati (C), Iran's Supreme Leader Ayatollah Ali Khamenei's top adviser on international affairs, meets with Lebanon's Prime Minister Tammam Salam along with Iranian ambassador in Lebanon Mohammad Fathali (L) at the government palace in Beirut, May 18, 2015. REUTERS/Mohamed Azakir - RTX1DGIZ
Read in 

Much of Lebanon seems optimistic about the potential benefits of the nuclear deal reached between Iran, the six world powers and the European Union. These hopes are linked to the economic weight of Iran in the region and the relations between Tehran and political forces in the Lebanese arena, most notably the Shiite forces led by Hezbollah.

Economist and editor of Al-Imar Wa Iktissad magazine Hassan Mokalled explained to Al-Monitor the basis of such hopes. He said there are several fields that the Lebanese can count on as a result of their economic, developmental and investment cooperation with the Iranian state. Among these fields is the issue of power generation. This has been a pressing issue in Lebanon since the end of the civil war 25 years ago, as Lebanese authorities have been unable since then to consistently provide electricity to some regions. To cope with the situation, some citizens are using private generators during outages.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.