The Christmas tree in Sassine Square, Achrafieh, Dec. 14, 2024. (Credit: Fouad Gemayel/L'OLJ)
“December wraps up a very bad year for Lebanese merchants, who have suffered a drastic drop in activity,” said Nicolas Chammas, president of the Beirut Traders Association and secretary-general of Lebanese Economic Organizations. The year was heavily impacted by the war between Hezbollah and Israel, “including in December,” despite the cease-fire that took effect on Nov. 27. Read more In the aftermath of Israel’s war on Lebanon, prices of glass and aluminum skyrocket While precise figures are not yet available, many stakeholders echo the same sentiment, albeit with varying degrees of severity. Khalil al-Khoury, owner of Assaad al-Khalil Jewelry, said that “sales are only between 30 and 35 percent of what we are used to for December, a vital month that typically accounts for around 25 percent of annual revenue.”Similarly, Wael Sinno,...
“December wraps up a very bad year for Lebanese merchants, who have suffered a drastic drop in activity,” said Nicolas Chammas, president of the Beirut Traders Association and secretary-general of Lebanese Economic Organizations. The year was heavily impacted by the war between Hezbollah and Israel, “including in December,” despite the cease-fire that took effect on Nov. 27. Read more In the aftermath of Israel’s war on Lebanon, prices of glass and aluminum skyrocket While precise figures are not yet available, many stakeholders echo the same sentiment, albeit with varying degrees of severity. Khalil al-Khoury, owner of Assaad al-Khalil Jewelry, said that “sales are only between 30 and 35 percent of what we are used to for December, a vital month that typically accounts for around 25 percent of annual...
Rubio condemns Iran's 'outrageous' attacks on Kuwait
