Cost of Fuel Exceeds Minimum Wage in Lebanon

Lebanese bank customers hold pictures of the owners of Lebanese banks calling them "the enemies of society", during a protest in downtown Beirut, Lebanon, 11 June 2022. (EPA)
Lebanese bank customers hold pictures of the owners of Lebanese banks calling them "the enemies of society", during a protest in downtown Beirut, Lebanon, 11 June 2022. (EPA)
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Cost of Fuel Exceeds Minimum Wage in Lebanon

Lebanese bank customers hold pictures of the owners of Lebanese banks calling them "the enemies of society", during a protest in downtown Beirut, Lebanon, 11 June 2022. (EPA)
Lebanese bank customers hold pictures of the owners of Lebanese banks calling them "the enemies of society", during a protest in downtown Beirut, Lebanon, 11 June 2022. (EPA)

The price of a 20 liters of fuel crossed the minimum wage in Lebanon for the first time since the eruption of the country's economic crisis.

The cost of fuel reached 700,000 Lebanese pounds, or 25 dollars, on Saturday, while minimum wage stands at 675,000 LL.

The cost of fuel has risen with the rise of the dollar against the pound and surge in fuel prices around the world due to the Ukrainian crisis.

Fuel distributors met on Saturday to address the crisis.

Representative of the distributors, Fadi Abu Shakra blamed the crisis on the rise of oil prices worldwide and the hike in the dollar rate on the Sayrafa platform and black market.

The people will no longer be able to handle the burden with fuel selling at 700,000 pounds, he added.

Despite incurring losses, the distributors have never waned in providing fuel to the people, he stressed.

He revealed that the distributors have requested an urgent meeting with caretaker Energy Minister Walid Fayyad to address the difficulties they are facing.

Owners of gas stations are suffering losses due to the great fluctuation in the exchange rate of the dollar to the pound, Abu Shakra said.



Iraq Urges Trump to Strengthen Security Coordination

Iraqi Prime Minister Mohammed Shia al-Sudani (Government Media)
Iraqi Prime Minister Mohammed Shia al-Sudani (Government Media)
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Iraq Urges Trump to Strengthen Security Coordination

Iraqi Prime Minister Mohammed Shia al-Sudani (Government Media)
Iraqi Prime Minister Mohammed Shia al-Sudani (Government Media)

Iraqi Prime Minister Mohammed Shia al-Sudani congratulated US President Donald Trump on returning to the White House, while the Shiite-led Coordination Framework ignored the occasion.

Instead, Coordination Framework officials focused on calls for a ceasefire in Gaza and domestic issues.

In his message on Tuesday, al-Sudani’s gesture seemed to clear the way for Iraq to move past the arrest warrant issued for Trump in 2021 over the 2020 killings of Qassem Soleimani and Abu Mahdi al-Muhandis.

The Iraqi judiciary stated at the time that the arrest warrant was based on Article 406 of the Iraqi Penal Code and that investigations into other individuals involved, whether Iraqi or foreign, would continue.

This week, Iraqi activists shared an image of the judicial decision, sparking debate on social media about the fate of the arrest warrant now that Trump has returned to the US presidency.

Some argued that the warrant would remain a point of embarrassment for those who pushed for its issuance.

Nevertheless, Sudani congratulated Trump, expressing Iraq's interest in strengthening ties with the US through the Strategic Framework Agreement, focusing on mutual interests.

He emphasized the importance of promoting regional and global stability, security, and development.

Sudani reiterated Iraq’s commitment to its strategic relationship with the US and expanding cooperation in security, economics, culture, technology, investment, and sustainable development, while respecting sovereignty and avoiding interference in domestic affairs.

President Abdul Latif Jamal Rashid also congratulated Trump on his re-election, affirming Iraq’s support for security and stability in the region and the world, and for enhancing bilateral relations to benefit both nations.

In contrast, the Coordination Framework refrained from mentioning Trump in its statement following a meeting held in Baghdad on Monday night into Tuesday, coinciding with the inauguration ceremony in Washington.

Instead, the coalition congratulated the Palestinian people on the Gaza ceasefire and urged the international community to ramp up efforts to rebuild war-torn areas, assist displaced people, and address the destruction of infrastructure, particularly hospitals and schools.

The Coordination Framework also highlighted consensus among the Iraqi parliament’s leadership, calling for support for provincial governors in fulfilling their duties.

While praising the government's successful foreign visits, Coordination Framework officials emphasized the importance of maintaining Iraq’s balanced foreign policy.