Lebanon · Country watch
Lebanese Fuel Prices Drop, Teachers Strike Continues
Fuel prices in Lebanon decrease, while a teachers' strike over contract cancellations disrupts education.
The picture Stable How this is judged →
Business conditions in Lebanon remain stable as fuel prices decrease, offering relief to energy sectors, while a teachers' strike continues to disrupt public education. Export competitiveness insights provide valuable data for trade sectors.
In this briefing Ministry of Education and Higher Education (Lebanon) · Ministry of Energy and Water (Lebanon) · Lebanon
Internal tension
Teachers Strike Over Contract Cancellations
Hundreds of secondary school teachers in Lebanon staged a protest outside the Ministry of Education and Higher Education on Tuesday. They opposed decision 1513, which aims to merge classes and cancel contracts for some teachers. The Secondary Education Teachers' Association has declared an open-ended strike until the decision is revoked, An-Nahar reports. This protest is part of a series of demonstrations against the ministry's policies.
Impact Public-sector employers face disruptions as teachers strike over contract cancellations.
Sources: An-Nahar النهار ↗
Markets
Lebanese Fuel Prices Drop, Gas Prices Rise
Part of: Fluctuations in Lebanon's fuel prices amid economic challenges →
The Lebanese Ministry of Energy and Water released a new fuel price schedule on Tuesday, showing a decrease in the prices of gasoline and diesel, while gas prices increased. According to An-Nahar, the price of 95-octane gasoline decreased by 47,000 Lebanese pounds to 2,445,000 pounds, and 98-octane gasoline also fell by 47,000 pounds to 2,463,000 pounds. Diesel prices dropped by 20,000 pounds to 2,559,000 pounds, while gas prices rose by 30,000 pounds to 1,640,000 pounds.
Impact Fuel importers and distributors see reduced gasoline and diesel prices, affecting energy costs.
Sources: An-Nahar النهار ↗, Leb Economy ↗
Trade
Lebanon's Export Competitiveness Analyzed
A report by Leb Economy and An-Nahar highlights Lebanon's export performance from 2018 to 2022, revealing a total export value of $3 billion. The report emphasizes the importance of Lebanon's revealed comparative advantage index, which assesses the country's ability to produce and export goods competitively. This index shows that Lebanon holds a competitive edge in certain products, though specific details were not disclosed in the report.
Impact Exporters in agriculture and manufacturing gain insights into Lebanon's competitive export sectors.
Sources: Leb Economy ↗, An-Nahar النهار ↗
Nothing significant reported today in Regulation · Disruption · Safety & health · Companies · Politics.
Also today in the local press
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- 5 عند الخامسة: ما بعد اليونيفيل ومتسوّلون في الشوارع... مفاوضات مثمرة في أبوظبي — An-Nahar النهار
- خاص- اتفاق أولي مع صندوق النقد هذا الأسبوع؟ ثلاث عقد أساسية ترسم مصير المفاوضات — Leb Economy
- توقعات جديدة لـ “بنك أوف أميركا”.. كم سيبلغ سعر الذهب خلال 12 شهرا؟ — Leb Economy
- عيسى الخوري يتابع التبادل مع السفير المصري — Leb Economy
- استمرار حرائق الناقلات في الشرق الأوسط رغم آمال التهدئة — An-Nahar النهار
- إليكم جدول أعمال جلسة الخميس — Leb Economy
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.