Nabil Fahed News Today

Layla Ibrahim has cut down on her daily meat consumption, not because of a health fad but forced by Lebanons bruising economic crisis.

More than 80 percent of the population lives in poverty (Representational)Beirut: Layla Ibrahim has reduced her daily meat consumption not because of

Lebanon is grappling with an unprecedented financial crisis that the World Bank says is of a scale usually associated with full-scale wars.

Layla Ibrahim has cut down on her daily meat consumption, not because of a health fad but forced by Lebanon's bruising economic crisis.

Layla Ibrahim has cut down on her daily meat consumption, not because of a health fad, but forced by Lebanon’s bruising economic crisis. “I used to eat a slice of meat, chicken or fish every day, but the prices of these items have become ridiculous,” the 44-year-old mother of two said. “Out of necessity and not choice, I have almost become a vegetarian,” she added. Lebanon is grappling with an unprecedented financial crisis that the World Bank says is of a size usually associated with...

BEIRUT: Supermarket owners in Lebanon have blamed “hard-line measures” from the Banque du Liban for the introduction of a new payment system for their customers. The central bank’s change requires the payment of 50 percent of the value of purchases in cash, and 50 percent through bank cards, on account of “low liquidity” in markets, according to Nabil Fahed, head of the

her elderly mother said. Their bill for oil, milk, rice and coffee is four times higher than it was before a severe economic crisis hit the country late in 2019. The women said they would forgo traditional home-made Easter cakes this weekend because pistachios, a key ingredient, are unaffordable. Lebanon relies on imports to feed its people, and their price has risen in proportion to the fall of the local currency, which has lost about 90 per cent of its value against the dollar since late 201...

4 Min Read BEIRUT (Reuters) - The collapse of Lebanon’s currency has forced many grocery shops to temporarily shut within the last 24 hours, raising fears that a country reliant on imports could soon face shortages of food. People shop inside a supermarket in Beirut, Lebanon March 16, 2021. Picture taken March 16, 2021. REUTERS/Mohamed Azakir Food shops around the country were locking their doors, halting online deliveries or restricting customers’ orders. Others stayed open, but could not ...

March 17, 2021 at 9:20 pm | Published in: Lebanon, Middle East, News Protestors blocked roads during ongoing demonstrations against the current economic crisis, in Beirut, Lebanon on March 17, 2021 [Mahmut Geldi / Anadolu Agency] March 17, 2021 at 9:20 pm The collapse of Lebanons currency has forced many grocery shops to temporarily shut within the last 24 hours, raising fears that a country reliant on imports could soon face shortages of food, reported Reuters. Food shops around the countr...

Sunday, 10 January, 2021 - 10:15 A man shops at a grocer in Lebanon. (Reuters) Beirut - Paula Astih Shoppers recently visiting a Lebanese market may feel that they are in a country other than Lebanon. The global goods, which the consumer is accustomed to, are missing from most of the shelves, and if any, their prices are now four times higher because the dollar exchange rate has risen dramatically in the past months. The missing p...