The economic meltdown in Lebanon, has led to a bread crisis in the country
Douma is a traditional Lebanese town located in Batroun’s district
On Friday, Iran dismissed as "ridiculous" the allegations made by Israel's foreign minister while on a visit to Ankara
The current economic crisis in Lebanon is caused by several reasons, chief among which the fact that 75% of Lebanon’s economy relies on services that are directly affected by political and security crises.
Therefore, the cabinet formation crisis has been negatively affecting the consumption and investments, in addition to the regional wars and crisis that have been reflecting on the elements of economic growth:
Exports have dropped by 35% since 5 years
Direct foreign investments have fallen by 45%
Tourism revenues have also decreased by 30%
Facing this economic crisis, Lebanon is facing a financial and monetary stability. A stability believed by experts to be the result of the reserved policy adopted by the banking sector for more than two decades.
For more details, watch the full report in the video above