by Charbel Lebbos | Jun 7, 2022 | Arab Economy
Lebanon’s private sector economy deteriorated in May to the weakest extent since the beginning of 2016, according to the latest reading from the Blom Lebanon Purchasing Managers’ Index. The index rose to 48.6 in May, from 47.9 in April, marking the highest...
by Charbel Lebbos | Jun 4, 2022 | Arab Economy, Arab News
Lebanon’s caretaker Deputy Prime Minister Saadeh Al Shami on Tuesday called for the country’s newly elected Parliament to “take the actions needed” to implement a recently adopted financial rescue plan. Polarization within the new Parliament may lead to decisions...
by Charbel Lebbos | Jun 4, 2022 | Arab Economy
Lebanon’s central bank governor and his brother are suing the state over what they say were “grave mistakes” made by a public prosecutor in his investigation of whether they had embezzled public funds, according to a copy of the lawsuit. Their claim...
by Charbel Lebbos | May 27, 2022 | Arab Economy, Arab News
Protests and sit-ins littered the Lebanese capital, Beirut, on Thursday as the Lebanese pound plummeted further in value to a record low of LL35,000 to the dollar. The effects of the Lebanese currency’s depreciation have rippled throughout the tense country as...
by Charbel Lebbos | May 25, 2022 | Arab Economy
Gulf economies will receive up to $1.4 trillion in additional revenue in the next four to five years as oil prices remain high and headline inflation keeps low in the six-member economic bloc, the International Monetary Fund has said. “We expect the oil price,...
by Charbel Lebbos | May 25, 2022 | Arab Economy
Hyperinflation in Lebanon continued in April as the country emerges from parliamentary elections that require the future government to put in place various reforms approved by the outgoing Cabinet, in order to secure $3 billion from the International Monetary Fund...
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