Panic on the streets as Lebanese pound hits new low

Panic on the streets as Lebanese pound hits new low
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Anti-government protesters climb a metal wall installed by security forces to prevent protesters from reaching the Parliament building, during a protest in Beirut, Lebanon, Saturday, March. 13, 2021. (AP)
Panic on the streets as Lebanese pound hits new low
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Riot police fire tear gas against anti-government protesters, during a protest near Parliament Square, In Beirut, Lebanon, Saturday, March. 13, 2021. (AP)
Panic on the streets as Lebanese pound hits new low
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Anti-government protesters throw stones towards police near Parliament Square, In Beirut, Lebanon, Saturday, March. 13, 2021. (AP)
Panic on the streets as Lebanese pound hits new low
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Anti-government protesters climb a metal wall installed by security forces to prevent protesters from reaching the Parliament building, during a protest in Beirut, Lebanon, Saturday, March. 13, 2021. (AP)
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Updated 14 March 2021

Panic on the streets as Lebanese pound hits new low

Panic on the streets as Lebanese pound hits new low
  • ‘People are frightened, hungry,’ warns MP after shops halt sales
  • In addition to Beirut, there were also protests in other cities such as Tripoli, Sidon and Tyre, as well as road closures in different parts of Lebanon

BEIRUT: Lebanese supermarkets halted sales and businesses closed their doors on Saturday as the country’s embattled currency slumped to a record low on the black market.

With the dollar exchange rate exceeding 12,000 Lebanese pounds, panic erupted on the streets as shopkeepers and major outlets stopped selling goods to avoid incurring losses.

Amid growing alarm at the country’s increasingly precarious state, activists in working-class areas in Mount Lebanon climbed the minarets of mosques and called on people to take to the streets.

A spokesperson for the Oct. 17 revolution said: “We will stay in the squares until the corrupt system falls.”

Hundreds of protesters in Martyrs’ Square in downtown Beirut pounded on metal barriers blocking access to parliament and hurled rocks at security forces manning  roadblocks.

Anti-riot personnel launched tear-gas grenades after violent clashes erupted between protesters and security forces.

In the past three days, Lebanon’s currency has endured a roller-coaster ride, rising to 9,000 Lebanese pounds against the dollar before falling to 10,000 Lebanese pounds.

But in a dramatic collapse on Saturday, the Lebanese pound fell from 11,750 to 12,200 against the dollar, with the slump worsening by the hour despite efforts to close online trading platforms.

Economist Louis Hobeika told Arab News: “The strong demand for the dollar is caused by the decline in confidence in the country. People are panicking about the future.”

Hobeika rejected the idea that banks are buying up dollars.

“The dollar trading volume in the Lebanese market does not exceed $2.5 million. The banks want to increase their capital on the request of the Banque du Liban collectively and need $3.5 billion — and this cannot be secured from the Lebanese market.”

Protesters traveled to Martyrs’ Square from different regions, with retired soldiers leading many groups.

The demonstrators raised Lebanese flags, played revolutionary and patriotic songs over loudspeakers, and chanted angry slogans.

A group of protesters near the Banque du Liban joined with families of the victims of the Beirut port explosion demanding that the investigation into the blast be stepped up and not politicized.

Baalbek business owners blocked roads after they closed their stores.

In Sidon, drivers formed roadblocks with their cars, while there were also protests on the streets of Tyre.

In the Bekaa region, some gas stations were demanding 70,000 Lebanese pounds for a can of petrol as fears grew over the state of the fuel market.

George Al-Baraks, a member of the Syndicate of Gas Station Owners, said that “there is no gasoline or diesel crisis.”

He said that distribution “will be rationalized in order to maintain fuel deliveries, in line with the approval of the Banque du Liban to open credits for ships of import companies and oil facilities.”

Panic in Lebanon is growing as the stalemate between President Michel Aoun and Prime Minister-designate Saad Hariri shows no signs of ending.

MP Rola Tabsh Jaroudi told Arab News: “Those who are obstructing the formation of the government must bear the consequences of the chaos in the street.

“Hariri’s position was clear from the beginning, and he has the approval of foreign countries for what he proposed. He will remain committed to forming the government.”

On the Free Patriotic Movement’s calls for Hariri to step down, Tabsh Jaroudi said: “He is the prime minister appointed by the members of parliament, and he will not concede what he proposed, nor will he accept the bargaining that is taking place.”

She added: “People are hungry. It is their right to take to the streets to get their voices heard.”


Sudanese commander says forces secured eastern border with Ethiopia

Sudanese commander says forces secured eastern border with Ethiopia
Updated 21 April 2021

Sudanese commander says forces secured eastern border with Ethiopia

Sudanese commander says forces secured eastern border with Ethiopia
  • Karar reaffirmed Sudan’s commitment to non-aggression towards neighboring countries

DUBAI: A senior Sudanese commander said on Wednesday that his forces have secured the eastern border with Ethiopia, state news agency SUNA reported.
Lieutenant General Issam Mohammad Hassan Karar said the army was deployed within the borders to secure agricultural areas and retrieve all Sudanese lands in accordance with the 1902 border.
Karar also reaffirmed Sudan’s commitment to non-aggression towards neighboring countries.
Member of the council and head of the Revolutionary Front, Idris Al-Hadi, reconfirmed the statement.
“We will not seek the military solution to resolve the two issues of borders and water as there’s a possibility of resolving them peacefully,” he said.
The fertile Tigray region claimed by both countries has seen a rise in fights as Sudan sends in troops, which Ethiopia has described as an invasion.
The farmland borders Ethiopia’s Tigray region where Addis Ababa launched an offensive against the local leadership in November, sending some 60,000 refugees fleeing into Sudan.


Syria loses chemical weapons watchdog voting rights after poison gas findings

Syria loses chemical weapons watchdog voting rights after poison gas findings
Updated 21 April 2021

Syria loses chemical weapons watchdog voting rights after poison gas findings

Syria loses chemical weapons watchdog voting rights after poison gas findings
AMSTERDAM: Syria on Wednesday was stripped of its voting rights at the global chemical weapons watchdog by member states after its forces were found to have repeatedly used poison gas during the civil war.
A majority of nations voting at the Organization for the Prohibition of Chemical Weapons (OPCW) supported a decision to immediately revoke Syria’s privileges at the agency.

Syrian President Assad to run for re-election in May — state media

Syrian President Assad to run for re-election in May — state media
Updated 21 April 2021

Syrian President Assad to run for re-election in May — state media

Syrian President Assad to run for re-election in May — state media

AMMAN: Syrian President Bashar Assad on Wednesday submitted documents to run for a third term in an election scheduled for May 26, parliament’s speaker said on state media.
Parliament announced the election on Sunday. Washington and the Syrian opposition have denounced it as a farce designed to cement Assad’s authoritarian rule.
Assad’s family and his Baath party have ruled Syria for five decades with the help of the security forces and the army, where his Alawite minority dominate.
This year is the 10th anniversary of a crackdown on pro-democracy protesters which triggered a civil war that has left much of Syria in ruins.
The multi-sided conflict has sucked in world powers, killed hundreds of thousands of people and displaced millions more, but is now nearing its end with Assad, supported by Russian and Iranian allies, back in control of most of the country.
Candidates must have lived in Syria for the last 10 years, which prevents opposition figures in exile from standing.


Syria’s Idlib to get first batch of COVID-19 vaccines

Syria’s Idlib to get first batch of COVID-19 vaccines
Updated 21 April 2021

Syria’s Idlib to get first batch of COVID-19 vaccines

Syria’s Idlib to get first batch of COVID-19 vaccines
  • The delivery will be the first to Syria as part of the Covax program
  • 912,000 doses have been allocated to Syria for a first phase of vaccination

BAB AL-HAWA: A first batch of COVID-19 vaccine doses was expected to arrive Wednesday in war-torn northwestern Syria, where millions of people live in dire humanitarian conditions, a UN official said.

The 53,800 doses of the AstraZeneca vaccine were dispatched to the rebel-dominated region as part of the Covax facility, which ensures the world’s poorest economies get access to jabs for free.

“Once the vaccines arrive, we are prepared to start vaccination to priority groups through our implementing partners,” said Mahmoud Daher, a senior official with the UN’s World Health Organization (WHO).

The delivery will be the first to Syria as part of the Covax program, which has already sent vaccine doses to more than 100 different territories worldwide.

The vaccine doses are intended for the extended northwestern Syrian region, which includes the jihadist-dominated Idlib enclave.

The first categories of people to be vaccinated in the coming days in the Idlib region will be medical personnel involved in the battle against the pandemic and first aid responders.

The next group will be people above the age of 60, followed by people from younger age groups with chronic diseases, said Daher, who is based in the Turkish city of Gaziantep.

Much of the Idlib enclave is controlled by Hayat Tahrir Al-Sham, a jihadist organization that includes ex-members of Syria’s former Al-Qaeda franchise.

Other regions of Syria will also receive vaccine doses through Covax, under which 92 countries are eligible.

Imad Zahran, a media officer for the Idlib region’s health department, told AFP that the vaccination campaign was expected to begin early next month and would last approximately three weeks.

According to the WHO, a separate 912,000 doses have been allocated to Syria for a first phase of vaccination in regime controlled and semi-autonomous Kurdish areas.

The aim is to vaccinate 20 percent of the population by year’s end.

Vaccination for health workers has started in government-controlled areas but not with doses received as part of the Covax program.

The official COVID-19 death toll in Syria is low compared to some other countries in the region but credible data collection across the conflict-ravaged country is almost impossible.

Syria’s war has killed more than 388,000 people since it started in 2011 with the repression of anti-government protests.


UAE receives Israeli envoy to Gulf states

UAE receives Israeli envoy to Gulf states
Updated 21 April 2021

UAE receives Israeli envoy to Gulf states

UAE receives Israeli envoy to Gulf states
  • Both sides discussed mutual cooperation in areas such as trade, investment and tourism
  • The two countries lead the COVID-19 vaccination rollout

RIYADH: The UAE received Zvi Heifetz, Israel’s special envoy to the GCC states, in Abu Dhabi as both countries reviewed the progress of their bilateral relations since signing a peace agreement last September.

Sheikh Abdullah bin Zayed Al-Nahyan, Minister of Foreign Affairs and International Cooperation, welcomed the Israeli official to explore further UAE-Israeli relations and mutual cooperation in areas such as trade, investment and tourism, state news agency WAM reported on Wednesday.

The two countries lead the COVID-19 vaccination rollout and during the meeting underlined the importance of accelerating efforts to ensure recovery from the crisis.

Last month, the UAE established a $10 billion fund to invest in strategic sectors in Israel that include energy, manufacturing and healthcare.

Since the signing of the Abraham Accords, both countries have established reciprocal diplomatic missions, launched direct flights and held several trade visits – with the UAE attracting over 50,000 Israeli tourists.