Lebanon Businessnews News
 
Economy

$8.5 billion in war
damages and losses
World Bank estimates that final tally will be much higher
Economy

$1 billion pledged
at Paris conference
$800 million for humanitarian needs and $200 million for security forces
Economy

GDP to shrink by nine percent
as per UNDP’s rapid appraisal
Unemployment to rise to 33 percent
Economy

Private sector asking for
measures by government
Action needed to preserve scarce liquidity
Economy

$383 million in aid
so far being pledged
Countries and organizations also providing in-kind assistance
Economy

S&P sees more lira collapse
data shows monetary power
Dollar reserves are 16 times local money in circulation
Economy

Electricity production
increases by 42 percent
Tariffs raised to near production cost
Economy

€1 billion EU grant to
deal with Syrian refugees
Targeting education, social security, and healthcare
Economy

19,600 vacancies in
public administration
Only 20 percent of skilled employees remain in critical positions
Economy

$491 million disbursed
for food and basic needs
Assistance provided by WFP to refugees and Lebanese citizens
Economy

$465 million spent to help
refugees and the vulnerable
Assistance provided under Crisis Response Plan to face impact of Syrian war
Economy

Hosting Syrian refugees
costs $1.5 billion per year
World Bank will present its assessment to donors
Economy

UN projects GDP growth
reaching 1.7 percent in 2024
Report estimates flat performance in 2023
Economy

Remittances are stable
for third consecutive year
Estimated at $6.4 billion, remain vital for the medium term
Economy

All offshore gas blocks
are open for exploration
Bidding announced for the remaining nine licenses
Economy

World Bank says GDP
to shrink due to Gaza war
Earlier prediction of modest
GDP growth now reversed into contraction
Economy

Gaza war adds 26,000
to the poor in Lebanon
Effect on schools, infrastructure, and tourism
Economy

IMF: Gov’t lacks progress
Minister of Finance agrees
Concern over decline in deposits and hampering credit provision
Economy

$200 million from World Bank
to support farmers and SMEs
Access to finance, capacity building, and improving services
Economy

UNDP: Remittances must
be directed to development
Crisis turns inbound transfers into a safety net
Economy
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