In a country which once boasted the nickname "Switzerland of the Middle East" for its thriving banking sector before financial crisis hit in 2019, the chronic shortage of the staple of the Lebanese diet has been hard to take.
It is considered the most intense non-nuclear explosion. The 2,750 tonnes of ammonium nitrate that was stored in the Beirut port and exploded on August 4, 2020, which killed 200 people, injured 7000 and devastated large neighbourhoods near the port in Beirut has caused public outrage and a political crisis. But Lebanon’s wily
Lebanese greeted the May15th parliamentary election results with “a little satisfaction and a little sadness,” a veteran observer of the scene stated. Lebanese traditionalists were satisfied that the competing core blocks retained their strength but saddened
Lebanon has been suffering from a series of crises, starting with the ammonium nitrate explosion near the airport, which killed 218 people, 7,000 injured, 300,000 people homeless, $15 billion worth of property damaged in August 2020. This had led to protests and an economic meltdown, no prime minister
Lebanon, home to one of the largest Christian communities in the Middle East, has been gripped by an unprecedented economic downturn since 2019, with more than 80 percent of the population now living in poverty.
The announcement of Lebanon’s Sunni Prime Minister Najib Mikati that he would not run for the election due on May 15 has come as a further jolt after former prime minister Saad Hariri had said in January that he would not be contesting in the
UN Secretary General Antonio Guterres also called on the country's new parliament "to urgently adopt all legislation necessary to stabilize the economy and improve governance."
The trends in Lebanese elections held on Sunday have thrown up an interesting outcome. The Hezbollah, the influential Shia formation in Lebanese politics, has lost its majority, which it had gained in the 2018 election. This should not come as a surprise
The biggest winner turned out to be the nationalist Christian Lebanese Forces party led by Samir Geagea, one of the harshest critics of Hizbollah. Another big winner is Druze leader Walid Joumblatt whose group won all eight seats they were running for.
The World Bank ranks the crisis as among the most severe globally since the mid-19th century, devastating a country once seen as a wealthy and liberal outpost in the Middle East before civil war broke out from 1975 to 1990.