Tag Archives: Lebanon

Lebanon spiraling into financial chaos

Lebanon is on the verge of complete chaos following the pound’s dramatic fall against the US dollar with disgruntled citizens taking to the streets, blocking highways, burning, and attacking public utilities to protest the deteriorating economic conditions. This coincided with the breakdown of public services that has left the country …

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Lebanon’s government raises fuel prices amid violence, roadblocks

Lebanon’s government raised fuel prices on Tuesday, after agreeing last week to effectively cut fuel subsidies, a move aimed at alleviating crippling shortages but which will increase the pressure on impoverished consumers. The average price of 95-octane gasoline was set at 61,100 Lebanese pounds ($40.58) per 20 liters, an increase …

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