Lebanon · Country watch
Lebanon Fuel Prices Drop, Public Sector Strike Looms
Fuel prices in Lebanon decrease, but a public sector strike threatens to disrupt operations further.
In this briefing S&P Global · Egypt · Brent Crude · Euro · France
Regulation
Nothing significant reported today.
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Egypt's private sector contracts under price pressure
Egypt's non-oil private sector saw worsening business conditions in September as high prices reduced consumer demand. An-Nahar reports that the S&P Global survey showed the Purchasing Managers' Index (PMI) fell to 47.2 from 49.6 in August, indicating a faster contraction. Despite this, companies continued hiring.
Impact Companies with operations in Egypt may experience reduced demand and increased operational challenges.
Sources: An-Nahar النهار ↗
Markets
Fuel prices in Lebanon set to decrease
Fuel prices in Lebanon are expected to decrease as global oil prices have seen a notable decline. According to Leb Economy, the price of Brent crude has dropped from nearly $108 per barrel last week to about $101 today. This decrease is attributed to several factors that may continue to push prices down in the near future.
Impact Importers and distributors of fuel in Lebanon will benefit from reduced costs, potentially easing logistics expenses.
Sources: Leb Economy ↗
Euro hits 17-month low amid French financial concerns
The euro fell to its lowest level in 17 months against the dollar, reaching 1.1161, due to financial concerns in France. An-Nahar reports that worries about France's ability to curb its budget deficit, coupled with sharp bond market sell-offs, have heightened fears of a potential sovereign debt crisis in the Eurozone.
Impact Currency traders and financial institutions dealing with the euro may face increased volatility and risk.
Sources: An-Nahar النهار ↗
Trade
Nothing significant reported today.
Politics
Nothing significant reported today.
Also today in Lebanon
- الصين: الرسوم الجمركية الأمريكية تفشل اتفاق مجموعة العشرين بشأن فائض الإنتاج — Almaner News
- البعثة الأميركية في السعودية تدعو مواطنيها إلى "اليقظة" — An-Nahar النهار
- الدّولة بدأت بـ”التشحيل”… والبداية من وزارة الصحة! — Leb Economy
- النفط يهبط مع ارتفاع صادرات الخام من الشرق الأوسط وسحب من المخزونات — Leb Economy
- تقرير- احتياطات «المركزي» ترتفع 2.82 مليار دولار منذ آب 2023.. أرقام لافتة تكشفها الميزانية — Leb Economy
- تقرير – الواردات ترتفع 4.79% والصادرات تتراجع 9.01%: اتّساع عجز لبنان التجاري مع ارتفاع الأسعار عالميًا — Leb Economy
- أموال السوريين في لبنان.. تقرير جديد يكشف أرقاماً بالمليارات — Leb Economy
- رابطة موظفي الإدارة العامة تمدد الاقفال: لإقرار 10 ليترات بنزين عن كلّ يوم عمل — Leb Economy
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: Rockhopper Faces Sanctions; Weather Alerts Issued
- Brazil: Inflation Rises, Rio Suspends Loan Deductions
- Canada: Parliament Debates Key Bill, Epcor Fee Hike Impact
- China: China's CO₂ Resource Shift, Six Networks Infrastructure
- Germany: Stuttgart Airport Disruption, Auto Industry Woes
- Egypt: Chevron's $88m Deal, FRA Expands Non-Banking Sector
- Spain: Spain Calls Elections, Verifactu Delayed
- France: Lycée Protests Widen, Foreign Investors Pull Out
- United Kingdom: BT Rescues TalkTalk, North Sea Strike Threat
- Indonesia: Job Protection Bill Passed, IHSG Rises
- Israel: UK Threatens Diplomat Expulsions, Hamas Attack Warning
- India: GST Council Plans Reforms, Dibrugarh Trade Resumes
- Iraq: Iraq Stimulates Growth, Dollar Surges, Lafarge CEO Change
- Iran: Iran Protests Starlink, Gold Prices Rise
- Italy: Ericsson Layoffs Withdrawn, Diesel Tax Change
- Japan: BOJ Inflation Target, Daiwa Data Breach, Typhoon Alert
- Kenya: El Niño Preparations, AfDB Trade Deal
- South Korea: Cyberattacks Hit Banks, AMD CEO Visits Korea
- Morocco: BAM-Emirates MoU, Severe Weather, ONMT-GNV Deal
- Mexico: US Sanctions Hit Baja, Eagle Pass Trade Falls
- Nigeria: Ondo Helicopter Crash, Court Orders INEC Candidate
- Netherlands: Bridge Safety Concerns, Eemshaven Ship Sinking Risk
- Poland: Fuel Price Changes, Weather Alert, RCB Alert Error
- Portugal: Fuel Support Extended, Storm Warning Issued
- Russia: Russia Strikes Ukraine, Euro Hits 17-Month Low
- Senegal: Floods Disrupt Dakar, Oil Law Rejected
- Syria: Syria's Banking Liquidity, Cluster Munition Casualties
- Turkey: Inflation Falls, Dollar Hits Record, G7 Oil Release
- Ukraine: Russian Strikes Hit Railways, Odesa Port Attacked
- United States: Supreme Court Climate Case, Treasury Yields Steady
- Vietnam: EU Standards Tighten, Dengue Risk Rises
- South Africa: Rand Weakens, Fuel Prices Surge, KZN Storm Warning