Chaos, Confusion Obstruct Distribution of Compensation for Beirut Port Explosion Victims

A man works inside a school which was damaged due to the explosion at the port area, in Beirut. (Reuters)
A man works inside a school which was damaged due to the explosion at the port area, in Beirut. (Reuters)
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Chaos, Confusion Obstruct Distribution of Compensation for Beirut Port Explosion Victims

A man works inside a school which was damaged due to the explosion at the port area, in Beirut. (Reuters)
A man works inside a school which was damaged due to the explosion at the port area, in Beirut. (Reuters)

More than three months after the Beirut Port explosion, the affected residents in the surrounding areas are complaining that they have not received any compensation from the state to help them repair their houses.

While many resorted to charities and NGOs offering assistance, others starting fixing their homes at their own expense ahead of winter.

The Lebanese army has recently began distributing compensation from the state, within a specific framework, said Brigadier General Sami Howayek from the Joint Operations for Disaster Recovery Command Center.

In remarks to Asharq Al-Awsat, Howayek revealed that the army “started distributing financial compensation about a week ago, which will cover about 10,000 housing units, equivalent to approximately 17 percent of the number of damaged units.”

He explained that a survey of the affected areas determined the number of damaged units at 62,087 houses, 14,848 stores and 5,251 commercial companies, in addition to a number of educational institutions, places of worship, hotels, restaurants and others.

According to Howayek, the total value of compensation earmarked to those affected by the Aug. 4 explosion amounts to 100 billion Lebanese pounds (66 million dollars according to the official exchange rate, and a little more than a million at the parallel market rate).

The amount was transferred from the High Relief Commission to the Army Treasury, based on the decision of caretaker Prime Hassan Diab.

He added that army teams would conduct field visits to inspect the repair works.

Meanwhile, a number of citizens, whose houses were damaged by the explosion, are complaining about the large number of associations and agencies that visited them to assess the damage, without these associations returning to compensate for their losses.

“Some bodies, including international associations and organizations, recently started repairing a number of damaged homes and paying sums of money to the citizens,” Howayek said.

He emphasized that the army, through its constant contact with the associations, was seeking to “control their work as much as possible,” and was also asking citizens to “inform them of any suspected association to pursue it according to the laws in force, especially if it was not registered with the Ministry of Interior.”



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.