Why are Prices Soaring in Lebanon?

Prices have gone up by almost 80% in the past few weeks and almost 75% of Lebanon will be needing aid after the COVID-19 pandemic. The numbers are scary, poverty is on the rise, unemployment is soaring, thousands of businesses are shutting down and on top of all that, the Lira is depreciating at an accelerating rate, thereby severely impacting the purchasing power of Lebanese. Why are prices soaring? First things first, prices of the…

Fraud in Oil Imports Dates Back to 2005

Update May 23 2020: The second company who was allowed to receive the fuel was shut down as well by the authorities. Its owner has reportedly fled to London. Back in 2005, the Lebanese government signed a deal with the state-owned oil company of Algeria to provide us with fuel. However instead of importing the fuel directly from Sonatrach, two Lebanese companies were in charge of receiving then selling back the fuel to the Lebanese…
Critiques

Government Approved Long-Awaited Economic-Financial Plan

1 month ago
A draft of the amended “historic” reform plan was being shared few days ago, but we could not tell if the 52-pages document was the official one. Nevertheless, the government today met and approved the ...
Critiques

24/7 Electricity in 20 Months?

1 month ago
MP Nazih Najm, who heads the parliamentary committee for Energy & Water, mentioned today that they met with the Energy Ministry with the presence of Siemens & GE companies, and that they received offers that ...
Critiques

Block 4 Drilling Indicates Presence of Gas, But Not Enough to Make it Commercially Viable

1 month ago
Lebanon’s Minister of Energy & Water held a press conference this morning to unveil the findings of the Block-4 drilling. Unfortunately, while preliminary results proved the presence of gas at various depths in offshore block ...
Critiques

Why The Riad Salameh Problem is Further Proof “Kelloun Ya3ne Kelloun”

1 month ago
Remember when some political parties got offended by the Revolution’s “Kelloun Ya3ne Kelloun” (All Means All) slogan? Remember how many defended their “clean” record and their so-called anti-corruption initiatives? Remember how many lawsuits & assaults ...
Baladi

Just Help – Helping Charities By Buying Online The Stuff They Really Need

1 month ago
If you wish to help out NGOs and underprivileged families in Lebanon but don’t know how, there’s a great online platform where you can choose any of the participating NGOs or organizations and buy the ...
Critiques

Remember When Protesters Were “Blamed” For Blocking Parliament Sessions?

1 month ago
Back in November 2019, a lot of Sulta sympathizers were blaming protesters for blocking the parliament entrances, claiming that they’re preventing lawmakers from doing what’s needed to pass laws and help save the country. Fast ...
Critiques

Who Needs a Haircut in The Draft Reform Plan When It’s Already in Place?

1 month ago
If you’re relieved that the most recent proposed haircut on bank depositors was dismissed, don’t be. The reality is that there’s already an “indirect” haircut happening on your accounts and BDL just issued yet another ...
Critiques

Lebanon on “Brink of Collapse”, Yet Parliament Wants to Pass an Amnesty Law

1 month ago
You’d think that Lebanese lawmakers have more imminent laws to pass and topics to discuss these days, but instead the current hot topic is passing a controversial amnesty law that would pardon (in principle) thousands ...
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