70% of Lebanese Unable to Buy Medicine


Sample of medicine produced in Lebanon - Asharq Al-Awsat
Sample of medicine produced in Lebanon - Asharq Al-Awsat
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70% of Lebanese Unable to Buy Medicine


Sample of medicine produced in Lebanon - Asharq Al-Awsat
Sample of medicine produced in Lebanon - Asharq Al-Awsat

Head of Lebanon’s parliamentary health committee Asem Araji confirmed that 70% of Lebanese people could not buy medicine after lifting subsidies and the sharp increase in prices.

The hike in prices prompted angry activists to protest in front of the Ministry of Health on Thursday.

Lebanese authorities had decided to lift the subsidy for chronic diseases medicines partially.

The move came in light of a high exchange rate of the dollar on the black market coupled with the depletion of hard currency reserves at the Central Bank of Lebanon, which used to provide dollars to import these medicines.

“The subsidy was set according to certain conditions, but due to the collapse of the Lebanese pound, prices rose frighteningly,” said Araji after a meeting with Prime Minister Najib Mikati.

“70% of the Lebanese are unable to buy medications, which is why we asked for a meeting with Mikati and told him that this issue was not acceptable, and we discussed a number of solutions,” revealed Araji.

“We proposed increasing the funds allocated to medications in dollars, and this will be discussed in a meeting between Mikati, the Health Minister, and the Central Bank Governor,” he added.

“We proposed that pharmaceutical companies be paid in Lebanese pounds according to Sayrafa platform, thus saving 20 % of the medication price, and starting today, generic drugs must be purchased,” said Araji.

Following the decline in the Central Bank’s reserves of hard currency, the subsidy for medicines was gradually lifted, and the partial assistance was recently lifted for medication for chronic diseases.

“We continued to support medicines for chronic diseases and cancerous diseases for a period of two months, but they were lost from the market,” explained Mikati on his part.

‘Either people stored them in homes, or they were smuggled,” he added.

“Therefore, we will remain committed to the issue so that each patient takes their right by limiting the provision of the required medicine or its equivalent according to a doctor’s opinion,” said Mikati.



Iraq, US Sign Preliminary Deal on Projects Including 24,000 MW of Power Plants

Iraqi Prime Minister Mohammed Shia al-Sudani receives the American business delegation. (Iraqi government)
Iraqi Prime Minister Mohammed Shia al-Sudani receives the American business delegation. (Iraqi government)
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Iraq, US Sign Preliminary Deal on Projects Including 24,000 MW of Power Plants

Iraqi Prime Minister Mohammed Shia al-Sudani receives the American business delegation. (Iraqi government)
Iraqi Prime Minister Mohammed Shia al-Sudani receives the American business delegation. (Iraqi government)

Iraq and the United States signed on Wednesday a memorandum of understanding for projects in the country, including 24,000 megawatts of power plants, the Iraqi prime minister's media office said.

Another MoU has been inked between Iraq's Ministry of Electricity and US company UGT Renewables to establish an integrated solar energy project with a capacity of 3,000 MW, the media office said in a statement.

US President Donald Trump's administration last month rescinded a sanctions waiver that since 2018 has allowed Iraq to pay Iran for electricity as Washington presses on with its "maximum pressure" campaign against Tehran.

Iraq, OPEC's second-largest producer after Saudi Arabia, uses Iranian power imports to generate electricity and has been under pressure from the US to reduce its reliance on power and gas imports from Iran.