Is dollarization best option for Lebanon’s collapsing economy?

In light of the continued collapse of the Lebanese currency, some are suggesting that the dollarization of the economy may be the best option to revive the country’s financial system.

Lebanon

Hezbollah leader Nasrallah meets with Palestinian Islamic Jihad

The sit-down comes as Iran is calling for unity among Palestinian factions.

Palestine

More silos collapse at Port of Beirut as air quality concerns mount

Other parts of the grain silos have collapsed this summer as the 2020 port explosion continues to plague Lebanon.

Lebanon

Culture

Cash-strapped Lebanese turn to online civil marriages

Najwa Sbeity and Omar Abdel Baki's civil wedding ceremony that they held online went viral, enticing more people to opt for this option despite the religious backlash and bureaucratic difficulties.

Lebanon

Culture

Two years on, art immortalizes Beirut port explosion

A range of artists are responding to one of the largest non-nuclear explosions in history.

Lebanon

Family of man who held up Beirut bank stages protest

Bassam al-Sheikh Hussein took hostages at gunpoint to get his own money out of the bank. Many Lebanese, who are unable to access their savings amid the economic crisis, called him a hero.

Lebanon

Iraq agrees to provide Lebanon with fuel for another year

Lebanon’s fuel crisis is showing no signs of letting up, but an exchange with Iraq is keeping one source flowing.

Lebanon

Reports: armed man who held bank hostage in Lebanon now in custody

Lebanese cannot access most of their savings amid the worsening economic meltdown.

Lebanon

Lavender ecotourism throws lifeline to rural Lebanese villages

As Lebanon experiences a tourism hike this summer, rural villages and attractions hope to draw tourists away from the capital with the help of ecotourism companies. A day spent discovering lavender in the south is one example.

Lebanon

Lebanese mourn, seethe as damaged and neglected Beirut port silos fall

Victims of the Beirut blast can only watch as the port’s ruined grain silos – an unofficial monument to those killed and a symbol of denied justice – have begun to collapse after two years of indecision from government authorities.

Lebanon

Beirut port silos collapse on second anniversary of explosion

Some Lebanese felt traumatized at seeing another fire at the site of the 2020 blast that devastated the capital.

Lebanon

World Bank blames Lebanon for 'deliberate' economic crisis

The World Bank accused Lebanon’s elites of conducting “Ponzi finance” and deliberately pursuing harmful fiscal policies. Meanwhile, the Beirut port has caught fire again.

Lebanon