Business

Lebanon’s Economic Landscape: An Overview Lebanon, a country known for its diverse culture and historical significance, presents a complex economic landscape. The nation’s economy is characterized by various sectors including banking, tourism, and agriculture, contributing to its overall GDP. However, Lebanon’s economic journey has been marked by significant challenges, such as political instability and regional conflicts, which have had a …

Lebanon, known for its rich cultural heritage and vibrant economy, often raises questions among travelers and business people regarding its currency practices. One common inquiry is: Can I use euro in Lebanon? Understanding the nuances of Lebanon’s currency system is crucial for anyone planning to visit or do business in the country. Lebanon’s Currency Landscape Lebanon’s official currency is the …

Understanding the Lebanese Economy and Currency SituationLebanon’s economic landscape is unique, influenced by various factors like political instability and inflation. The Lebanese Pound (LBP) is the official currency, but its value fluctuates significantly. Understanding this dynamic is crucial for travelers to make informed decisions about the best currency to carry. Why Carrying Multiple Currencies is BeneficialGiven the fluctuating economy, it’s …

In the July-September period, Japan experienced a significant economic downturn, with a 2.1% annual contraction reported by the government. This decline was primarily due to decreased consumer spending and investment. Despite being the world’s third-largest economy, Japan faced challenges due to stagnant wage growth. The contraction equated to a 0.5% drop in quarterly terms, marking a sharper downturn than anticipated. …

In the coastal city of Byblos, Lebanon, Richard Alam, a young bartender, faces a stark decline in business at his pub, a result of heightened tensions along the Lebanon-Israel border during the conflict between Israel and Hamas. Alam, 19, illustrates the downturn by noting a whiskey bottle opened two weeks prior still remains unfinished, a stark contrast to the pub’s …

Samir Geagea, the leader of the Lebanese Forces, emphasized the importance of establishing a two-state solution, highlighting that it is untenable for Palestinians to continue without their own state. During a Wednesday meeting with Joanna Wronecka, the United Nations Special Coordinator for Lebanon, Geagea expressed his view that the ongoing border conflicts between Israel and Hezbollah in southern Lebanon are …

The Russian Foreign Minister, Sergei Lavrov, has indicated that Hezbollah shows no interest in escalating conflicts with Israel. In an interview with Russia’s RT television, Lavrov expressed his belief that neither Iran, Lebanon, nor Hezbollah are inclined to expand the Israel-Palestine conflict into a larger regional war. Despite ongoing tensions and the possibility of a broader Middle Eastern conflict triggered …

One night, a sudden explosion jolted a man awake and threw him to the ground. Quickly, he grabbed his phone and ID, strapped on a life jacket, and headed to the upper deck. Facing the advancing flames, he braced himself to leap almost 100 feet (30 meters) into the sea. The explosion occurred on the Trinity Spirit, an aging, repurposed …