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Tag Archives: subsidies

Uneasy Lebanon readies itself for March polls

 Lebanon’s parliament voted on Tuesday to hold legislative elections on March 27, giving Prime Minister Najib Mikati’s government only a few months to try to secure an IMF recovery plan amid a deepening economic meltdown. Lebanon’s financial crisis, which the World Bank labelled one of the deepest depressions of modern …

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Economic emergency government agreed to in Lebanon

Lebanese President Michel Aoun announced the formation of a government on Friday afternoon, ending 13 months of caretaker governance. The agreement over a Cabinet line-up headed by telecoms billionaire Najib Mikati as prime minister, came after weeks of wrangling over the distribution of government ministries between Lebanon’s various political parties. …

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Syrians fearful Assad cannot meet salary pledges

The price of bread in Syria doubled on Sunday and the cost of diesel fuel nearly tripled as the Assad regime confronted a cash crisis caused by 10 years of civil war and Western sanctions. Damascus has repeatedly raised fuel prices in recent years to tackle the financial crunch, and …

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Protests erupt, subsist in Lebanon over currency, economy

Calm prevailed in Lebanon after a night of violence that left scores injured as hundreds of protestors took to the streets across the small Mediterranean country to decry deteriorating living conditions.  Over the weekend, Lebanon’s currency hit record lows, with market dealers saying that the pound was trading at just …

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$200 million loan to fight power shortages in Lebanon

Michel Aoun

Lebanon’s President Michel Aoun approved an exceptional loan of up to 300 billion Lebanese pounds ($200 million) on Monday for the state electricity company to import fuel for generation before supplies run out, an official statement said. Lebanon is mired in a financial crisis, caused by a mountain of debt built …

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IMF warns Jordan about unemployment, electricity reform

Jordan must address high unemployment to deliver durable, jobs-rich and inclusive growth, said IMF Managing Director Kristalina Georgieva. The country also needs to advance electricity sector reforms, boost business competitiveness, and strengthen governance and transparency, she added. Georgieva said that timely and targeted fiscal measures have helped protect jobs, while …

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Indian farmers use social media to combat government, corproate encroachments

Indian farmers protesting against new laws brought in by Prime Minister Narendra Modi’s government have started running their own media to counter the ruling party’s narrative, which they say is discrediting their struggle. Farmers from agriculture-dependent states have been protesting for months to demand that the government repeal three farm …

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New measures against coronavirus

Since the outbreak of the novel coronavirus, Chinese authorities have introduced policies and measures to respond to the epidemic and help people get through difficult times. Here we list some of the policies and measures that have been rolled out. 1. Treatment bills of infected patients subsidized Apart from confirmed …

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