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Food prices more than quadruple year-on-year in February after the lira’s value plunges

BEIRUT — Residents of Lebanon were paying over four times more for food and nonalcoholic beverages in February than they were just a year before, while clothing and footwear had become more than...

Omar Tamo, 8 April 2021

The possibility of losing deposits "exists for all depositors ... but it is not inevitable," Caretaker Finance Minister Ghazi Wazni told Bloomberg in an interview published on Thursday, stressing the need for structural reforms in Lebanon's financial sector

8 April 2021

Lebanon has registered 3,510 new COVID-19 cases in the past 24 hours. Thirty-seven more people have died, bringing the total death toll to 6,549

8 April 2021

Lebanon's woes push it to fringes of global finance system

BEIRUT/LONDON — Foreign lenders including HSBC and Wells Fargo are cutting ties with Lebanon's central bank, sources familiar with the matter told Reuters, underlining the country's international...

8 April 2021

The bakeries syndicate said that bread will now be sold only by bakeries and no longer by third-party vendors like supermarkets. The move is meant to protest the Economy Ministry's recent decreases in bread prices, which the syndicate says don't factor in rising production costs

8 April 2021

Court of Cassation Advocate-General Ghassan Khoury has requested the release of 11 low-ranking employees and security officials who were arrested in relation to the Beirut port explosion, the NNA reported. Judge Tarek Bitar is expected to decide on the requests on Monday

8 April 2021

Caretaker Prime Minister Hassan Diab has met with the delegation from Hamburg Port Consulting about its proposal for restoring and revitalizing the Beirut port. The group is set to hold a press conference tomorrow, when it is expected to present the proposal's details

8 April 2021

Arab League Assistant Secretary-General Houssam Zaki has said his organization is prepared to help mediate Lebanon's government formation deadlock if it is invited to do so, calling on "everyone to put the national interest above all other considerations"

8 April 2021

Lebanese activist Kinda al-Khatib's retrial is set to begin on May 13. Khatib was released on bail last month after successfully appealing a military conviction for allegedly collaborating with Israel and entering occupied Palestine

8 April 2021

Lebanese University staff and teachers are protesting the university’s decision that they return to working on campuses on a full-time basis, the NNA reports. The protesters say LU’s COVID-19 prevention measures are inadequate and that commuting is now unaffordable for many

8 April 2021

Reflecting worldwide oil prices, fuel prices in Lebanon have fallen for a second week running. The Energy Ministry’s new list shows the price of 20 liters of 95-octane petrol is down by LL1,100, while that of 98-octane has fallen by LL1,000. Diesel and gas prices have also fallen

8 April 2021

Under the Jisr al-Wati bridge, people who beg and the homeless dream of a better world

Under the busy Jisr al-Wati bridge in the heart of the Greater Beirut area, a community of beggars and homeless people exists in striking contrast to the area around them — a lively district where...

Patricia KHODER, 8 April 2021

RHUH head Firass Abiad has tweeted that vaccine hesitancy is hampering the COVID-19 inoculation campaign. He said that yesterday 30% of people scheduled to take the AstraZeneca vaccine at his hospital did not attend their appointments, most due to concerns about the jab’s safety

8 April 2021

Aoun censures BDL, pharmacists’ profit margins rise, bread prices drop slightly: Everything you need to know today

Want to get the Morning Brief by email? Click here to sign up . The president condemned the central bank for what he called an attempt to block a forensic audit of its accounts. In a televised...

8 April 2021