crisis

Scholz Says Open to Discussions on Election Date

German Chancellor Olaf Scholz, mired in crisis after his three-party coalition collapsed this week, said Friday he is open to talks on whether to move forward snap elections. The embattled chancellor has signalled new polls by March, half a year earlier than scheduled, but all opposition parties have urgently demanded they be held as early as ...

Finance Ministry Announces Exceptional Facilitative Measures for Baalbek-Hermel and Nabatieh

Due to the ongoing war, the Finance Ministry announced on Thursday a series of “exceptional measures to facilitate the completion of transactions for citizens under the supervision of the Regional Fiscal Authority in Nabatieh and Baalbek Al-Hermel governorates.” The ministry stated that residents of Nabatieh and Baalbek-Hermel can submit ...

Figures Outlining Impact of War on Economy

Nabil Fahed, president of the Supermarket Owners’ Union, revealed that the non-essential commercial sector, meaning non-food-related businesses, is operating at only 5% of its pre-war capacity, experiencing a 95% drop. Additionally, it is facing various challenges, according to him. The closure of the Masnaa border crossing, which connects to ...

Economic Consequences of the Hezbollah-Israel Conflict

This conflict will inflict particularly harsh consequences on the Lebanese economy in both the short and medium term. Already struggling with a dire economic crisis, Lebanon may experience further deterioration, characterized by rising inflation and increasing unemployment. The heightened tensions have also created a climate of uncertainty that ...