Damage

14 Billion Dollars: The Devastating Losses of the Hezbollah-Israel Conflict

$14 billion! That is the historic and no less colossal amount of damage caused by the conflict between Hezbollah and Israel. This sum includes both material damage and economic losses. The reconstruction costs are estimated at around $12 billion.   For Nassib Ghobril, chief economist at Byblos Bank, economic losses amount to at least $3 ...

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

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 ...