Figure of the Week

Figure of the weekElectricity Production Up 36.7% in the First Half of 2024

Liliane Mokbel 08/02 12:00 - Reading : less than a minute

Electricity production increased by 36.7% in the first half of 2024 compared to the same period in 2023, according to data from the Banque du Liban. It reached 2.239 million kilowatt-hours (kWh), up from 1.638 million kWh during the same period last year. This growth continues the 41.7% increase seen between 2022 and 2023, when total production ...

Figure of the weekDecrease in Car Imports via the Port of Beirut in 2024

Liliane Mokbel 01/02 12:45 - Reading : less than a minute

Beirut Port

Car imports through the port of Beirut have seen a significant -20% drop in the first eleven months of 2024, compared to the same period in 2023. From January to November 2024, a total of 41,135 cars were imported, down from 51,423 during the same period last year, reflecting a slowdown in the automotive import sector.

Figure of the week800,000 Vehicles in Lebanon Without Mandatory Insurance

Liliane Mokbel 25/01 12:00 - Reading : less than a minute

In 2024, out of the 2,000,000 vehicles in Lebanon's automotive fleet, 800,000 are not registered with the Vehicle Registration Department and, as a result, lack mandatory auto liability insurance. This means there is roughly one car for every two residents, in a country where public transportation is virtually non-existent. The mandatory ...

Figure of the weekBeirut Souks Sees 62 Stores Open, Falling Short of 2024 Target

Liliane Mokbel 04/01 12:00 - Reading : less than a minute

62 stores are currently open and welcoming customers at the Beirut Souks Shopping Center. Seven of these opened in December 2024, and six more are expected to open in January. However, the total number of open stores is still just under half of the 140 originally planned for the end of 2024 – a target set before the two months of conflict.

Figure of the weekLebanon's Price Surge – 4.9% Rise in Dollars, 5970% in Lebanese Pounds (2019-2024)

Liliane Mokbel 2024-12-28 12:00 - Reading : less than a minute

Banks prices inflation crisis world bank

In Lebanon, prices in dollars rose by 4.9% between September 2019 and September 2024, according to the World Bank. Meanwhile, the Central Directorate of Statistics reports a staggering 5970% increase in prices in Lebanese pounds over the same period.

Figure of the weekA New Trend in Lebanon's Population Growth?

Liliane Mokbel 2024-12-21 12:00 - Reading : less than a minute

The Lebanese population is estimated at 5.77 million in 2023, up from 5.74 million in 2022 and 5.72 million in 2021, according to ESCWA. Lebanon's demographic trends reveal a steady growth rate since 1950, when the population stood at 1.35 million. By 2000, the population had reached 4.33 million, and by 2020, it had grown to 5.70 million. The ...

Figure of the week$80 for a Meter of Glass, Driven by Reconstruction Needs

Liliane Mokbel 2024-12-14 12:00 - Reading : less than a minute

Hezbollah Israel damage reconstruction

The price of a meter of glass has surged to $80, up from $30 before the start of the conflict between Israel and Hezbollah. This price does not include the cost of labor for installation. Glaziers attribute the increase to a surge in demand, primarily driven by the reconstruction and repair of buildings and structures damaged by Israeli ...

Figure of the weekHotel Occupancy in Beirut Drops Below 10%, Regions Near 0%

Liliane Mokbel 2024-12-07 12:00 - Reading : less than a minute

tourism beirut hotels

The hotel occupancy rate in Beirut has fallen below 10%, while in other regions, it is approaching 0%, according to Pierre Achkar, president of the Union of Syndicates of Tourist Establishments in Lebanon. "Arab countries continue to boycott Lebanon, and European nations do not anticipate a swift return of their citizens. A mandatory waiting ...

Figure of the weekZero Used Car Sales Since End of September

Liliane Mokbel 2024-11-30 12:00 - Reading : less than a minute

Hezbollah Israel

According to Elie Kazzi, the President of the Syndicate of Used Car Importers, losses due to damage to imported vehicles during the war between Israel and Hezbollah are estimated at around $60 million. The sector remains particularly vulnerable, as many Lebanese are reluctant to buy used cars during periods of instability, especially since they ...

Figure of the weekFlames of War Devastate 65,000 Olive Trees

Liliane Mokbel 2024-11-23 12:00 - Reading : less than a minute

United Nations FAO Olive War

The Food and Agriculture Organization of the United Nations (FAO) reports that 70% of the Lebanese agricultural sector has been affected, both directly and indirectly. Thousands of hectares have been completely or nearly destroyed, and 65,000 olive trees have been fully burned due to white phosphorus bombings, which are prohibited under ...