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Lebanon's banks reopened on 1 November 2019, after two weeks of closure, the longest bank closure in the nation's history. [121] "Unofficial" capital controls were imposed by individual banks to prevent a bank run, with personal withdrawals being limited to US$3,000 per week or per month depending on individual banks. Corporate banking activity ...
August 25 - 2019 Beirut drone crash: two drones, alleged to be from Israel by Lebanese authorities, crashed in the Dahieh district of Beirut. The first drone crashed into Hezbollah's Media Center, and the second drone exploded mid-air 45 minutes later. This was the first such incident between Lebanon and Israel since the 2006 war between them. [2]
This comes amidst the 2021 Israel-Palestine crisis. [4] May 14 – One person killed by Israeli fire during demonstrations along the Blue Line. [5] May 17 – Six rockets fired from the Rachaya Al Foukhar area towards Israel, with all falling within Lebanon. In response, 22 shells were launched by the Israeli army towards the source.
Shot over four years and across four continents, the film documents Lebanon's descent into a state of turmoil over recent years. It covers the 2019 October Revolution and includes exclusive interviews with many key political leaders of the past four years, including prime minister Saad Hariri, former foreign minister Gebran Bassil, warlord Dr. Samir Geagea, Hezbollah minister Mohammad Fneich ...
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Bundles of Lebanese pound banknotes, their value now drastically reduced. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine.
Tesbih Habbal and Muzna Hasnawi, Syrian editors writing in The Nation in October 2019, argued that the 2018–2019 sustained street protests in the Arab world starting with Sudan in December 2018, Algeria in February 2019, Egypt and Iraq in September and October 2019, Syria and Lebanon in October 2019, constituted a second wave of the process ...
Lebanon's trade balance is structurally negative. In 2017, the trade deficit reached $20.3 billion. The country imported $23.1 billion [94] worth of goods and services, and exported $2.8 billion. [95] Lebanon has a competitive and free market regime and a strong laissez-faire commercial tradition. The Lebanese economy is service-oriented; main ...