Home / Tag Archives: fuel subsidies

Tag Archives: fuel subsidies

New Lebanese government pushes draft commitment to IMF

The Lebanese government will resume negotiations with the International Monetary Fund while beginning reforms demanded by donors, according to a draft policy programme that aims to tackle one of the worst financial meltdowns in history. New Prime Minister Najib Mikati’s government will also resume negotiations with creditors over a restructuring …

Read More »

Hezbollah promises Iran fuel shipments by Thursday

Sayyed Hassan Nasrallah, leader of Lebanon’s armed Shi’ite movement Hezbollah, said on Monday that a first ship carrying Iranian fuel oil to help Lebanon through its financial crisis had docked in Syria on Sunday. Nasrallah had announced last month that he had organised purchases of fuel from Iran, Hezbollah’s main …

Read More »

Iranian fuel oil goes to Lebanon through ally Syria

The first Iranian fuel oil cargo secured through Lebanon’s armed group Hezbollah will be delivered via Syria by truck to avoid complications related to sanctions, two sources with knowledge of the mater said on Thursday. Hezbollah, a heavily armed group founded by Iran’s Revolutionary Guards in 1982, announced last month that a shipment of Iranian fuel oil was on its way …

Read More »

Hundreds of thousands of Lebanese trying to flee the country

Immigration from Lebanon is entering a state of “exodus” as the many crises hitting the small Mediterranean country remain unresolved, according to the Crisis Observatory, an interdisciplinary research program launched by the American University of Beirut. The continuing immigration of thousands of Lebanese is reaching a tipping point, the research …

Read More »

Syrian refugees leave Lebanon over economic crisis

The economic crisis in Lebanon is prompting a remarkable number of Syrian workers residing in the country to return to Syria. The number of Syrian refugees in Lebanon has decreased to 851,717, according to the UN High Commission for Refugees’ latest census, though the Lebanese government stopped allowing the UNHCR …

Read More »

Christians, Shiites fight over fuel in southern Lebanon

A dispute over scarce fuel supplies ignited sectarian tensions between neighbouring Shi’ite Muslim and Christian villages in southern Lebanon over the weekend, forcing the army to intervene, a security source said. Clashes mostly centred on the crippling gasoline and diesel shortages have become a daily occurrence in Lebanon, prompting growing …

Read More »

Lebanese killed in fuel fights

Three Lebanese men died in altercations on Monday related to scarce fuel supplies, an army statement and security source said, as the country reels from a long-running economic crisis. Lebanon’s currency has lost more than 90% of its value in less than two years, causing shortages of fuel, electricity and …

Read More »

Macron to host new Lebanon conference in August

French President Emmanuel Macron will host a new international conference on Lebanon next month on the first anniversary of the Beirut port explosion, after premier-designate Saad Hariri gave up trying to form a government, the foreign ministry announced Friday. Macron will organize the conference on August 4 with the help …

Read More »

IMF Urges Egypt to Watch Inflation After New Subsidy Cuts

The International Monetary Fund urged Egypt to maintain a tight monetary policy as a new round of subsidy cuts rekindled inflation worries. The Washington-based lender praised Egypt’s implementation of economic reforms as “instrumental in achieving macroeconomic stabilization, with external and fiscal deficits narrowing, inflation and unemployment declining, and growth accelerating.” At the same …

Read More »

Yemen fuel subsidy cuts hit poor hardest

THE LEVANT – A sharp increase in fuel prices threatens to plunge hundreds of thousands of Yemenis into poverty and food insecurity in the Arab world’s poorest country – particularly if regular welfare payments to Yemen’s poorest people continue to be dispersed erratically, aid organizations have warned. The government’s decision to …

Read More »