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Lebanese economy

French President Emmanuel Macron (L) greets Lebanese Prime Minister Nawaf Salam (C) next to King Philippe of Belgium (R) during the World Economic Forum (WEF) annual meeting in Davos on January 20, 2026. (Ludovic Marin/AFP)
January 23, 2026, 4:18 pm
Lebanese PM: International Monetary Fund demanding changes to economic rescue bill
Rescue law is aimed at hauling Lebanon out of its worst financial crisis on record and giving depositors access to savings frozen for six years
By Samia Nakhoul
People inspect the damage at the site of overnight Israeli airstrikes that targeted the Rweiss neighborhood in Beirut's southern suburbs on November 9, 2024. (Ibrahim Amro/AFP)
November 14, 2024, 7:48 pm
Hezbollah’s war with Israel cost Lebanon at least $8 billion — World Bank
Report says losses concentrated in commerce, tourism, hospitality and agriculture, in addition to damage to physical structures; final costs expected to be far higher
By Agencies and ToI Staff
Billboards with a picture of the late Lebanon's Hezbollah leader Sayyed Hassan Nasrallah are displayed on a Beirut airport highway, October 5, 2024. (Bilal Hussein/AP)
October 10, 2024, 12:02 pm
US said seeking to install new Lebanese president, push aside weakened Hezbollah
Talks held with Qatar, Egypt, and Saudi Arabia on proposal to break a two-year deadlock on electing a president while terror group has diminished power, Wall Street Journal reports
By ToI Staff
Riad Salameh the former governor of Lebanon's Central Bank, listens to a journalist's question during a press conference, in Beirut, Lebanon, November 11, 2019. (AP Photo/Hussein Malla, File)
September 3, 2024, 7:32 pm
Lebanon’s former central bank chief arrested over financial crimes
Riad Salameh said to have been charged with embezzlement, money laundering and fraud after years of accusations marred his 30-year term as bank governor
By Laila Bassam and Timour Azhari
Amid an economic crisis, a worker updates product prices to US dollar, in Beirut, Lebanon, on March 1, 2023 (Joseph EID / AFP)
March 2, 2023, 12:53 am
Lebanese supermarkets begin marking prices in US dollars as local currency tanks
Move meant to provide semblance of stability with pound plummeting to almost 90,000 per dollar, amid ongoing economic and political crisis
By AFP
Jihad Michlawi, right, takes a selfie on board an overcrowded migrant boat carrying about 150 Lebanese, Syrians, and Palestinians in the Mediterranean Sea, Lebanon, September 21, 2022. (Courtesy of Jihad Michlawi via AP)
September 28, 2022, 6:53 am
‘Don’t leave me’: Palestinian survivor recounts Lebanon boat sinking that killed 94
Economic catastrophe in Lebanon compels many to seek work in Europe, including chef Jihad Michlawi, who swam to Syrian coast after smuggler ship capsized
By Kareem Chehayeb
Lebanese security forces are deployed as people gather outside the Blom Bank branch in the capital Beirut's Tariq al-Jdideh neighborhood on September 16, 2022, to express their support to a depositor, who stormed the bank demanding to withdraw his frozen savings. (Ibrahim AMRO/AFP)
September 16, 2022, 4:24 pm
Lebanon sees wave of bank heists as desperate citizens try to claim frozen savings
Robberies are seen as acts of distress and garner widespread sympathy from public amid country’s worst-ever financial crisis
By AFP
Lebanese would-be-migrant Bilal Moussa, 34, smokes a cigarette by the sea in Tripoli north of Beirut on December 9, 2021. (JOSEPH EID / AFP)
January 11, 2022, 10:23 am
Lebanese seek escape from economic crisis via perilous sea smuggler trip to Europe
UN’s refugee agency says at least 1,570 individuals, including 186 Lebanese nationals, embarked on illicit journey or tried to leave country in smuggler boats during 2021
By Hashem Osseiran
Taxi drivers block a road during a protest against the increasing prices of gasoline, consumer goods and the crash of the local currency, in Beirut, Lebanon, Tuesday, Nov. 30, 2021. (AP Photo/Bilal Hussein)
January 4, 2022, 10:14 pm
Lebanon currency slumps to new low as economic crisis deepens
Lebanese pound trading at 30,000 to 1 US dollar on the black market after drastically dropping in value in recent years amid political and financial mismanagement
By AP
Lebanon’s ambassador to France, Rami Adwan, hosts French Jews of Lebanese descent at the Lebanese embassy in Paris, November 3, 2021 (Twitter)
November 5, 2021, 8:08 pm
Lebanese envoy hosts event for French Jewish expats, urges them to return home
At unprecedented ‘reunion’ in Lebanon’s embassy in Paris, ambassador says country in danger of total collapse, citizens of all different sects must unite to save it
By ToI Staff
An employee looks through an office window riddled with bullet holes after the deadly clashes that erupted a week earlier along a former 1975-90 civil war front-line between Muslim Shiite and Christian areas, in Ain el-Rumaneh neighborhood, Beirut, Lebanon, October 19, 2021. (AP Photo/Hassan Ammar)
October 20, 2021, 6:00 pm
Beirut clashes fire up sectarian anger along 1975-90 civil war lines
Memories of the years-long conflict and sectarian passions triggered by last week’s deadly scenes of gunmen in streets and schoolchildren ducking under desks
By Sarah El Deeb
Supporters of the Shi'ite Amal group fire weapons in the air during the funeral processions of Hassan Jamil Nehmeh, who was killed during yesterday clashes, in the southern Beirut suburb of Dahiyeh, Lebanon, on Friday, October 15, 2021. (AP/Bilal Hussein)
October 16, 2021, 4:23 pm
Beirut street battles may spell even darker times
This week’s violence highlights willingness by members of Lebanon’s ruling class to fight for political survival at any cost
By Zeina Karam
Lebanese Prime Minister Najib Mikati speaks during a parliament session to confirm Lebanon's new government at a Beirut theater known as the UNESCO palace, so that parliament members could observe social distancing measures imposed over the coronavirus pandemic, on September 20, 2021. (AP/Bilal Hussein)
September 20, 2021, 4:22 pm
Lebanon’s new PM vows to take back land it sees as occupied by Israel
Najib Mikati says ‘Lebanese citizens have the right to oppose Israel’s occupation, and to respond to its attacks’; he also demands UNIFIL end Israel’s ‘invasions’
By ToI Staff and AP
In this photo released by Lebanese government, Lebanese Prime Minister Najib Mikati, prays as he attends Friday prayers, at a mosque in downtown Beirut, Lebanon Sept 10, 2021. (Dalati Nohra/Lebanese Official Government via AP)
September 10, 2021, 7:02 pm
New Lebanese PM: We’ll work with any country, ‘except Israel, of course’
Najib Mikati says country willing to cooperate with anyone to tackle meltdown, apart from Jewish state; new government said to get green light from US and Iran
By ToI Staff and AP
A general view of a petrol station on the main highway that links the Capital Beirut to south Lebanon as cars come from every direction to try and fill their tanks with gasoline, in the coastal town of Jiyeh, south of Beirut, Lebanon, Friday, Sept. 3, 2021 (AP Photo/ Hassan Ammar)
September 8, 2021, 5:12 pm
Arab ministers say Egyptian gas to reach crisis-hit Lebanon soon
Deal comes as the small country is reeling from crippling energy and economic crises
By AP
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