On Wednesday, the state-run NNA reported that out of 560 judges, over 350 stopped working contesting the Central Bank’s decision of not paying their salaries at the rate of 8,000 LL per USD. In early July, the Central Bank took the decision to give the salaries of judges at the rate of 8,000 LL per USD, which infuriated the rest of the public sector that is still receiving their salaries at the exchange rate of 1,507.5 LL per USD. It led to the reverting of the decision on July 28. The NNA also revealed the name of the judges that…
Author: Christopher Chaccour
On Wednesday, Lebanese Army Commander, Joseph Aoun, met with a delegate of the submarine crew, along with naval forces officers and MP Ashraf Rifi to prepare for the extraction of the boat that had sunk in Tripoli on April 24th. Discussions dwelt on the works of the submarine that is expected to arrive in Lebanon from Spain today, August 17th, and its coordination with the operation rooms established in the Lebanese Naval Forces. The tragedy that came to be known as the Death Boat resulted in 6 deaths, including an infant girl. The Lebanese Navy ships managed back then to…
On Wednesday morning, the Ministry of Energy and Water just increased the price of fuel in Lebanon, with the price of the USD floating around 32,400 L.L. The increase is due to the recent decision that Lebanon will now pay 30% of fuel in fresh dollars. This is the 2nd time this week that fuel prices were changed in Lebanon. The new prices are as follows: 95-Octane Gasoline569,000 LL+1,000 LL98-Octane Gasoline581,000 LL+1,000 LLDiesel663,000 LL-LP Gas321,000 LL- Related: No Fuel Crisis In Lebanon Despite The Resurgence Of Queues At Gas Stations
Following the release of the new grid for fuel prices on Tuesday, local news reported that the increase in prices was due to the Central Bank’s decision to increase the exchange rate for fuel prices. Fuel prices will now be priced at 70% at the Sayrafa rate (around 26,200 LL) and 30% at the Black Market Rate (around 32,250 LL). Previously, Lebanon was paying 15% of fuel in fresh dollars and 85% at the Sayrafa rate. The decision was already effective when releasing the new grid for fuel prices on Tuesday where the price for 95 and 98 Octane Gasoline…
On Tuesday, the U.S. Ambassador to Lebanon, Dorothy Shea, announced in a statement that the United States will provide Lebanon with an aid of $29.5 million. The aid comes as part of the United States initiative to help face the global food crisis with government funding of $2.76 billion through USAID. Of the $29.5 million allocated to Lebanon, $15 million will come as monthly humanitarian assistance to around 300,000 Lebanese through the UN World Food Programme (WFP). $14.5 million will come as development assistance to help the agriculture sector in Lebanon by supporting more than 10,000 Lebanese farmers and over…
On Tuesday, Lebanon’s Ministry of Public Health announced in a statement that it has received a third batch of aid from Qatar. The first two batches of around 991,000 liters of fuel were received in July via the Qatar Fund for Development. The Lebanese Health Ministry revealed that it will continue to receive monthly financial aid for 9 months to ensure fuel to the facilities that benefit from the assistance. Till now, the amount of fuel from the aid amounts to around 1,5 million liters and was used to support hospitals, health facilities, and elderly care homes. Last week, the Lebanese…
On Tuesday morning, the Ministry of Energy and Water just increased the price for fuel in Lebanon, with the price of the USD floating around LL 32,000. The increase is due to the recent decision that Lebanon will now pay 15% of fuel in fresh dollars. The new prices are as follows: 95-Octane Gasoline568,000 LL+16,000 LL98-Octane Gasoline580,000 LL+16,000 LLDiesel663,000 LL+26,000 LLLP Gas321,000 LL+9,000 LL Related: No Fuel Crisis In Lebanon Despite The Resurgence Of Queues At Gas Stations
On Monday, Caretaker Minister of Economy, Amin Salam, expressed his support for a gradual raise in the customs exchange rate. During an interview with Al Horra, he explained that adopting an exchange rate of 12,000 LBP per USD for the Lebanese customs is “unrealistic and won’t lead to the needed solutions.” He also shared his support for the decision of President Aoun to refrain from signing the decree on having Lebanese customs’ exchange rate at the Sayrafa rate (around 26,200 LBP) and indicated that he would prefer a gradual raise starting from 18,000 LBP. Minister Salam revealed as well that…
On Monday, the representative of the fuel distributors in Lebanon, Fadi Abou Shakra, denied through Annahar a fuel crisis despite the resurgence of queues. The queues were seen mostly in South Lebanon and were due to the closure of some gas stations which caused people to panic and hurry to the open ones. Abou Shakra explained that some stations closed because they had a shortage of fuel due to the three-day holiday and confirmed that fuel distribution will resume as normal starting tomorrow. He also stressed on the Ministry of Energy and Water to take into consideration the frustration of…
On Monday, the Lebanese Army announced in a statement that one of its units was subject to open fire in Faara Valley, Bekaa. After receiving intel on a stolen Kia Cerato in the Faara Valley on Sunday, a unit was sent to the area. An unknown individual driving the stolen car accompanied by a motorbike without a plate opened fire at the Lebanese soldiers. The soldiers responded to the source of fire, which led to the injury of the motorbike driver. The car driver escaped and both the car and motorbike were seized. The injured man was sent to the…
