Ahram Online Schools, universities and many shops were closed in Lebanon following a general strike by public transportation and labour unions on the worsening economic conditions on Thursday. Protesters rejected hiking fuel prices due to lifting of government subsidies. The blockage began on major highways and main city roads at …
Read More »Tag Archives: Economic challenges
Lebanese PM Mikati reflects on cooperation with Egypt
Mohamed al-Qazzaz – Ahram Online Discussing Egypt’s cooperation with Lebanon to solve the countries energy crisis and develop its economy, Al-Ahram Daily Newspaper interviewed Lebanese Prime Minister, Najib Mikati, during his first official visiti to Egypt on Thursday. First of all, how would you describe your visit to Egypt and …
Read More »Lebanese PM Mikati discuss cooperation with Egypt
Ahram Online Lebanese Prime Minister Najib Mikati hailed Egypt’s ‘sincere efforts’ to mobilise international support for Lebanon. His remarks were made at a meeting with Egyptian President, Abdel-Fattah al-Sisi, and senior Egyptian officials on Thursday. At the meeting, President Sisi affirmed “Egypt’s keenness to support the security and stability of …
Read More »The Lebanon I love is dying
Mourning the state of things in Lebanon. James Zogby* A century ago, Gibran Khalil Gibran wrote a love poem to Lebanon: “You have your Lebanon, I have my Lebanon”. He spoke of his affection for the people, their poetry, art, music and love of life, their generous and welcoming spirit, their …
Read More »Hariri cites “key differences with president” for decline to form Lebanese government
Ahram Online Lebanon’s Prime Minister-designate, Saad Hariri, stepped down on Thursday, nine months after assuming post. Hariri cited having “key differences with the country’s president”. The development is likely to plunge the country further into chaos and uncertainty. Lebanon is going through an unprecedented economic crisis, described by the World …
Read More »EU approves sanctions on Lebanese ruling elite
Ahram Online “EU Foreign Ministers agreed to move ahead with sanctions against Lebanon’s ruling elite over the political crisis wracking the country”, the bloc’s foreign policy chief said on Monday. “Top diplomats from the 27 nations gave the green light at a meeting in Brussels to establish a legal framework …
Read More »Lebanese pharmacies strike over shortages
Ahram Online Pharmacies in crisis-hit Lebanon began an indefinite strike, on Friday, over medicine shortages as the cash-strapped state struggle to afford subsidies on key imports. The country is facing what the World Bank has called “one of the world’s worst economic crises since the 1850s”, where its foreign currency …
Read More »Egypt cuts 1% of state salaries and pensioners to face economic challenges
Egypt Independent The Egyptian Cabinet approved a draft law to provide a monthly deduction for over a year of 1% in net income for state servants in all sectors and a deduction of a 0.5% net income from pensions starting from 1 July, according to an announcement on Wednesday. The …
Read More »Aoun orders Hariri to remain in office until new cabinet is formed
Egypt Today Lebanese President Micheal Aoun asked resigned prime minister Saad Al-Hariri to stay in office as a caretaker prime minister until a new government is formed. Hariri resigned Tuesday after anti-government demonstrators took to the streets to call for the change of the government over bad economic conditions. …
Read More »Lebanese protestors keep up pressure on government
Egypt Today Protesters in Lebanon flooded the streets on Sunday, keeping pressure on Prime Minister Saad Al-Hariri as a self-imposed deadline to deliver a package of badly needed reforms for the country’s crumbling economy drew near. Anti-government protests that have swept the country since Thursday have pulled together all …
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