Lebanon’s Public Debt Has Dropped by Over 80 Billion Dollars

Megaphone shared a very interesting report on how Lebanon's public debt has dropped by over 80 billion dollars since last year, mainly due to two factors: - Eurobond prices have dropped sharply - Lebanese bonds value has dropped significantly In numbers, the Eurobonds have lost over 85% of their value and are now worth 5 billion instead of 36 billion dollars. Meanwhile, the Lebanese bonds are now valued at 7 billion at the market rate…

70% Of Lebanese Want to Leave Lebanon

According to the below Al Jadeed report, immigration has dropped between 2019 and 2020 in Lebanon, but this is due to the pandemic, the travel restrictions as well as the economic crisis in Lebanon. In reality, the Canadian embassy alone has received over 130,000 applications last year and a recent survey has shown that 70% of Lebanese wish to immigrate. I honestly don't think we need statistics to know how many Lebanese have left or…
Critiques

Syndicate of Professional Artists in Lebanon Promoting Censorship

3 months ago
The Syndicate of professional artists in Lebanon issued a statement yesterday asking artists not to criticize or disrespect political parties or movements, and religious leaders. According to the statement, artists should work on promoting art ...
Critiques

UN Experts Set to Follow Up & Pressure Lebanese Authorities on Lokman Slim’s Murder

3 months ago
It’s been over two months now since Lebanese publisher, political activist and commentator Lokman Slim was murdered in his car South of Lebanon and we still don’t have any leads. This is not the first ...
Critiques

Lebanon Must Amend Decree No.6433/2011 To Preserve its Maritime Rights

3 months ago
During the most recent maritime discussions between Lebanon and the Israeli side, the Lebanese delegation “did not recognize the already known 860-square-kilometer disputed zone but claimed 1,430 additional square kilometers that include a substantial part ...
Critiques

What Was Raoul Nehme Thinking?

3 months ago
I suppose the easiest answer is that he wasn’t thinking at all. At this point, we’re used to lousy and incompetent ministers but it’s one thing to be a lousy economy minister in such circumstances ...
Critiques

Syria’s Off Shore Oil Bloc-1 Includes Part of Lebanon’s Maritime Territory

3 months ago
While the Lebanese authorities have been in ongoing discussions over the disputed offshore area with Israel, the Syrian regime is set to start oil exploration off its southern coast in an area that includes roughly ...
Critiques

We’re Giving Advance Payments To a Broke EDL

3 months ago
Lebanese parliament approved yesterday yet another advance payment for the Electricite du Liban (EDL) in order to avoid a total blackout in the country as fuel is running out. The 200 million dollar will be ...
Critiques

This is Saad Hariri’s Proposed 18-Minister Cabinet

4 months ago
Hariri met Aoun for the 18th time today and they still failed to agree on a government. In fact, Aoun had apparently sent Hariri a list yesterday which went against Hariri’s pre-conditions for the new ...
Critiques

Some Shops Are Charging 500LL For Extra Plastic Bags

4 months ago
A video was circulating last week where a grocery shop owner was filmed asking a customer to pay LL500 for an extra plastic bag. I heard a similar story from a friend of mine at ...
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