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Bundles of Lebanese pound banknotes, their value now drastically reduced. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine.
Lebanon is one of the only seven countries in the world in which the value of the stock market increased in 2008. [48] The Lebanese economy experienced continued resilience, growing 8.5 percent in 2008, 7 percent in 2009 and 8.8% in 2010. However, Lebanon's debt to GDP ratio remained one of the highest in the world. [49]
Israel has warned on Sunday that its ceasefire agreement with Hezbollah could collapse if the Iran-backed group does not withdraw beyond the Litani River, one of the key stipulations of the truce.
Most of Lebanon's rainfall is in the four months of winter, but over the last 45 years, the Ministry of Environment (Lebanon) estimates that rainfall has decreased overall between 5 and 20 percent. [10] The coastal strip of Lebanon gets approximately 2,000 mm of rain per year, while the Beqaa Valley to the east gets only one-tenth as much. [11]
Lebanon’s government raised the price of fuel Wednesday by about 25%, the National News Agency reported, effectively removing all subsidies on fuel products and pricing them at market rate amid ...
This page is subject to the extended confirmed restriction related to the Arab-Israeli conflict. Israeli invasion of Lebanon (2024–present) Part of the Israel–Hezbollah conflict (2023–present), the Middle Eastern crisis (2023–present) and the Israeli–Lebanese conflict Israel Attested Hezbollah presence in Lebanon Lebanese territory under Israeli control Israeli-occupied Golan Heights ...
Lebanon, [b] officially the Republic of Lebanon, [c] is a country in the Levant region of West Asia.Situated at the crossroads of the Mediterranean Basin and the Arabian Peninsula, [11] it is bordered by Syria to the north and east, Israel to the south, and the Mediterranean Sea to the west; Cyprus lies a short distance from the coastline.
Despite the Blue Line being respected as a de facto boundary, [8] there remains a border dispute that arose after Israel's withdrawal from territory it occupied in southern Lebanon in 2002, [9] with Lebanon arguing that Israel is still holding Lebanese lands, even though the United Nations certified the withdrawal.