Lebanon · Country watch
Lebanon Shipping Costs Rise, Energy Minister Absent
Rising shipping costs reshape Lebanon's trade; Energy Minister's absence signals ongoing government tensions.
In this briefing Michel Aoun · Government of Lebanon · Lebanon · Lebanese importers · Joe Saddeh
Regulation
President Aoun signs decree amending transport allowance
Lebanese President Michel Aoun signed a decree amending the transport allowance for public sector employees, Almaner News reports. The adjustment aims to offset rising living costs and improve public sector workers' living conditions. This move is part of broader efforts to address economic challenges facing Lebanon.
Impact Public sector employees see transport allowance changes, affecting their disposable income.
Sources: Almaner News ↗
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
Nothing significant reported today.
Trade
Rising shipping costs reshape Lebanon's trade routes
Lebanese importers face rising shipping costs due to geopolitical tensions and security risks, reports Leb Economy. These factors are prompting businesses to reconsider their supply chains, seeking closer markets and alternative suppliers. The increased costs are becoming a significant factor in import decisions, potentially altering Lebanon's trade landscape.
Impact Importers face higher costs, prompting a search for closer markets and suppliers.
Sources: Leb Economy ↗
Politics
Energy Minister Joe Saddeh absent from cabinet session
Lebanon's Energy Minister Joe Saddeh continued his boycott of cabinet meetings on Thursday, according to An-Nahar. Saddeh's absence highlights unresolved tensions within the government. Sources close to Saddeh indicate that his return depends on the government's willingness to address his four demands, which relate to the ongoing electricity crisis. Saddeh's absence could exacerbate the electricity issues, previously managed through temporary solutions and inadequate funding.
Impact Energy sector operators face ongoing uncertainty as the electricity crisis remains unresolved.
Sources: An-Nahar النهار ↗
Also today in Lebanon
- الأسهم الأميركية تتراجع والدولار يرتفع إثر تسارع التضخم إلى 3.7% — An-Nahar النهار
- “زيادة ساعات الكهرباء”… إليكم مقرّرات جلسة الحكومة — Leb Economy
- هل يقترب الذهب من قمة تاريخية جديدة؟ — Leb Economy
- السعودية تعرض مزيداً من الخام على أوروبا... وأورلن تستعيد إمداداتها — An-Nahar النهار
- فايننشال تايمز عن مصادر: واشنطن تدرس تخفيف القيود المفروضة على ناقلات النفط التابعة لما يعرف بأسطول الظل — Almaner News
- فرنسا بين غضب الطلاب وضغط الديون... ماذا ينتظرها السبت؟ — An-Nahar النهار
- التضخم في إسرائيل دون التوقعات... ومسار مفتوح لخفض الفائدة — An-Nahar النهار
- سعر الذهب يرتفع أكثر من واحد في المئة... كم بلغ؟ — An-Nahar النهار
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: University Protests; Country Risk Rises; Bond Sales Paused
- Brazil: Senate Ends 6x1 Workweek, Gaming Industry Regulated
- Canada: Alberta Referendum Voting, Canada-India Trade Talks
- China: China-EU Trade Mechanism, Mainland Stocks Fall
- Germany: German-China Trade Deficit, Deutsche Bahn Alcohol Ban
- Egypt: Egypt Signs Trade Deals, Wheat Prices Targeted
- Spain: Galicia Drought Expands, Madrid Education Strike
- France: Inflation Surges, Tramway Disruption in Montpellier
- United Kingdom: UK Economy Grows, Rail Disruptions Persist
- Indonesia: Rupiah Nears 18,000, Trade Expo Secures Deals
- Israel: CPI Decline, El Al Index Entry, West Bank Incident
- India: Jio IPO Launch, BS7 Emission Norms, Market Surge
- Iraq: SOMO Compensates IOCs, Iraq-Kuwait Flights Resume
- Iran: Hormuz Closure, Dollar Rises, Oil Tanker Fire
- Italy: Italy's Budget Plan and Truckers' Strike Threat
- Japan: Nikkei Plunge, MUFG Bond Moves, Tax Debate Progress
- Kenya: Fuel Prices Rise, VAT on Fuel Extended, Hygiene Market Investment
- South Korea: KOSPI Plunge, Korean Air Revenue Surge
- Morocco: Russian Diesel Arrives, Rabat Unrest, Dirham Rates
- Mexico: Hurricane Trudy Threatens, HR Ratings Downgrades Mexico
- Malaysia: Selangor Schools Close Due to Haze; Ringgit Falls
- Nigeria: NAFDAC Cracks Down on Counterfeits, Ondo Orders River Fumigation
- Netherlands: Albert Heijn Cyberattack, Diesel Prices Drop
- Poland: Fuel Prices Cut, President Vetoes Laws
- Portugal: Porto Housing Protests, Vodafone Challenges Huawei Ban
- Russia: Volga Airports Reopen, Starlink Slows Ukraine Drones
- Senegal: Senegal Water Alert, TRS Inquiry, Navétanes Suspended
- Syria: Syrian Petroleum Audit, Highway Closure
- Turkey: Istanbul Floods Disrupt, New Phone Installment Rules
- Ukraine: Kyiv Power Outages, Drone Exports Approved
- United States: Suspicious Mail, Tech Selloff, Starlink Limits
- Vietnam: Petrol Prices Cut, Sacombank Auctions Assets
- Yemen: Houthi Attacks Escalate, Taiz Under Siege
- South Africa: Power Outages Hit Gqeberha, SASSA Alters Grant Dates