Liliane Mokbel 30/08 16:00 - Reading : less than a minute
The 2025 wedding season in Lebanon has seen an unprecedented decline, confirming the continued downturn of a sector already weakened in recent years. According to industry professionals, the number of weddings has dropped to just 35% of pre-2019 levels, compared to 50% in 2023 and 40% in 2024. A total decrease of 65% since the beginning of the ...
Liliane Mokbel 16/08 15:00 - Reading : less than a minute
In 2024, the travel and tourism sector contributed 19.8% of Lebanon’s GDP, more than double its share in 2023 (8.4%), according to the World Travel & Tourism Council (WTTC). This marks a significant rebound from 2019, when the sector represented 18.9% of GDP, before Lebanon faced a series of overlapping crises. In terms of revenue, the sector ...
Liliane Mokbel 09/08 15:00 - Reading : 1 minute(s)
In just a few months, the sun has set on Lebanon’s booming solar panel market. According to customs data, imports dropped by 72% in the first half of 2025 compared to the same period last year. The total value fell to $21 million, down from $75 million in 2024, with volumes shrinking from 34,000 tons to 11,000 tons. The contrast is even ...
Liliane Mokbel 02/08 15:00 - Reading : less than a minute
Banks Beirut Port European Union
The Ministry of Finance is accelerating its efforts to modernize Lebanon’s customs operations. With a clear goal of enhancing public revenue collection, a large-scale digital transformation is underway, impacting both the Directorate of Revenues and the Customs Directorate. Key initiatives include the gradual rollout of electronic payment ...
Liliane Mokbel 26/07 15:00 - Reading : 1 minute(s)
What began as an environmental emergency is now fueling a national energy crisis. The severe drop in water levels at Lake Qaraoun is crippling Lebanon’s hydroelectric output and threatening power security across the country. In June 2025, hydroelectric production decreased by 76 percent compared to the same month in the previous year. Only 12 ...
Liliane Mokbel 19/07 15:00 - Reading : 1 minute(s)
The Lebanese arak industry is enjoying a remarkable revival. In 2024, exports of this iconic spirit reached 980,000 bottles, up from 700,000 in 2016. This represents a nearly 40 percent increase over eight years. In terms of value, the growth is even more impressive, rising from $3.7 million to $6.2 million, an increase of more than 67 ...
Liliane Mokbel 12/07 15:00 - Reading : 1 minute(s)
Amid ongoing conflict and persistent economic instability, remittances from Lebanese abroad continue to play a vital role in Lebanon’s financial survival. Since 2006, when remittance flows hit a low of $5.72 billion, the volume of money sent back to Lebanon has fluctuated in response to both domestic and global conditions. The highest level ...
Liliane Mokbel 05/07 14:00 - Reading : less than a minute
Lebanon produces 12 million bottles of wine each year — an impressive figure for a small country, with nearly half exported to around 30 countries worldwide. This vibrant industry generates over $20 million in annual revenue, according to the National Institute of Vine and Wine (INVV). Behind this success is steady, long-term growth: in 2000, ...
Liliane Mokbel 28/06 14:00 - Reading : less than a minute
Lebanon agriculture economy food
As Lebanon endures a prolonged economic crisis, one figure remains widely overlooked: the country’s agriculture sector generates over $4 billion annually when including the entire value chain: transport, packaging, and agro-food processing. On its own, raw agricultural production is valued at $2.2 billion per year. Strengthening agriculture and ...
Liliane Mokbel 21/06 14:00 - Reading : 1 minute(s)
Nawaf Salam Lebanon Eurobonds war Iran Israël
Lebanese eurobonds, long regarded as one of the most profitable investments in emerging markets in 2024, have sharply declined by 13.15%. This downturn is mainly attributed to the recent outbreak of war between Israel and Iran last Friday, coupled with ongoing stalemates in structural reforms and sovereign debt restructuring. These ...
Liliane Mokbel 14/06 12:00 - Reading : less than a minute
Lebanon Economy World Food Program
According to the World Food Program, the survival food basket has reached LBP 44.2 million, or around $492, an increase of $42 since January. That's how much it now costs for a family of five to cover its basic food needs for a month in Lebanon. This basket, which includes rice, wheat, pulses, oil, sugar, salt and sardines, represents the bare ...
Liliane Mokbel 07/06 15:00 - Reading : 1 minute(s)
4,600 — that's the average number of passengers using public buses each day, one year after the launch of Lebanon’s state-operated public transport service, led by the Office of Railways and Public Transport. This marks a significant increase compared to the early days of the project, when daily ridership hovered between just 200 and 300 ...