Lebanon

Economy at the End of the Tunnel... A Message to Officials

Economy at the End of the Tunnel... A Message to Officials

There are many questions occupying the minds of Lebanese citizens today amid Israeli threats of a comprehensive war on the land of the Cedars. Perhaps the most important question revolves around their fears regarding the impact of such a war, should it occur, on the resilience of the Lebanese economy and the capacity of the food security system to provide a minimum level of food stability, especially in light of the images of famine in Gaza and the areas affected by Israeli aggression in Palestine, where the trajectory of the war appears to be intertwined with Lebanon, as stated by officials who have linked the fronts together.

In this context, Minister of Economy and Trade Amin Salam did not dismiss these fears when speaking to "Anbaa," but he noted that despite everything, the Lebanese have proven their ability to stand on their feet for continuity and survival. Yes, there are numerous risks; in terms of food security, there are significant dangers and many challenges that we are trying to address. Unfortunately, the components of economic resilience, in its broad sense, have come to an end, and we are at the end of the tunnel. The Lebanese economy is exhausted, and the remaining companies and institutions have operational ties with the Gulf countries, which compensate them for their losses.

He added: the economy is facing further deterioration and the growth we anticipated is unlikely, but on a positive note, during our recent tour of Gulf Cooperation Council countries over the past two months, they consistently expressed a sense of hope and very positive messages, whether from Saudi Arabia, Qatar, Kuwait, Bahrain, or across the Gulf. They reaffirmed to us as the Ministry of Economy their interest and eagerness for foreign investments to return to Lebanon, where unique opportunities exist that aren't found elsewhere.

Salam directed a message to officials, as well as to all Gulf countries, to expedite political solutions in Lebanon and to elect a president for the republic to restore institutional functioning, enabling Gulf nations to return quickly, support Lebanon, invest in it, and restore the positive atmosphere to its former state according to "Anbaa" Kuwait.

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