Lebanon needs financial support from the Arab world, particularly the rich Gulf states, but its continuous political instability has become a hindrance in the way of a bailout.
While headlines around the world have kept warning that Lebanon is ‘on the brink of’ collapse for over a year now, most Lebanese will tell you that their state has already collapsed.
Demonstrators protest lack of proper government to deal with country's debilitating economic crisis.
Saad Hariri met with President Aoun for the 18th time since he was designated to form the government last October to iron out their differences over the formation of new government.
Hyperinflation, poverty, corruption, protests and a pandemic have driven the country right to the edge.
Geir Pedersen said he presented a proposal to the constitutional committee but his proposal was rejected by the representatives of the Syrian regime and accepted by the opposition.
Central bank chief Riad Salameh has led the entity since 1993. His role came under scrutiny after Lebanon’s financial system collapsed in an unprecedented crisis in 2019.
The protesters have made no clear demands in demonstrations, which authorities described as riots, held in some 10 cities around the country.
Turkish economy is projected to grow 2.6 percent and 3.5 percent in 2021 and 2022 respectively in latest economic survey by Organisation for Economic Co-operation and Development.
According to UN Women, even before the blast, Lebanon had one of the world's lowest rates of women in the workforce, with less than one in three in paid employment.
The port blast is taking popular anger to a new level in a country already reeling from an unprecedented economic and financial crisis and near bankruptcy.
Lebanese Red Cross says at least 100 people have been killed and over 4,000 wounded in the massive explosion at a port in Beirut.
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