War Was Easier than this, Says Lebanese Entrepreneur Hit by Economic Collapse

Suzanne Mouawad, a Lebanese entrepreneur, sits at her home in Mazraat Yachouh, Lebanon April 15, 2021. (Reuters)
Suzanne Mouawad, a Lebanese entrepreneur, sits at her home in Mazraat Yachouh, Lebanon April 15, 2021. (Reuters)
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War Was Easier than this, Says Lebanese Entrepreneur Hit by Economic Collapse

Suzanne Mouawad, a Lebanese entrepreneur, sits at her home in Mazraat Yachouh, Lebanon April 15, 2021. (Reuters)
Suzanne Mouawad, a Lebanese entrepreneur, sits at her home in Mazraat Yachouh, Lebanon April 15, 2021. (Reuters)

Suzanne Mouawad lived through Lebanon's civil war and built a successful advertising business in the hopeful days after the fighting ended, but she says her country's economic collapse is breaking her in a way that even missiles did not.

Mouawad, 56, comes from a well-to-do background and previously led a privileged life, running her agency as well as a family-owned paper manufacturing business, taking frequent holidays abroad and receiving rent from properties she owns.

Now, both the advertising and paper businesses have all but dried up, the tenants can no longer pay the rent, and she finds herself pondering the price of items in the supermarket during her weekly grocery shop.

"I didn't let Lebanon down. It let me down and it hurt me," she said.

With no end in sight to economic and financial paralysis, Mouawad feels a hopelessness that was not there during the war, which broke out when she was 12 and lasted 15 years.

"With war you get a couple of missiles falling one day and then the next day you pick up and you go back to school or back to work and you start producing and making money," she said.

"Now the money is being held at the banks and there is no work."

Stricken Lebanese banks, the biggest creditors to the bankrupt state, have locked customers out of their deposits under informal capital controls imposed without legislation since late 2019 when the country's financial meltdown started.

Any savings people had in Lebanese pounds have lost most of their value, while dollar deposits are inaccessible.

The crisis is driving a brain drain, with professionals such as doctors, academics, designers and entrepreneurs emigrating in large numbers, which in turn has a knock-on effect on the local economy, further depressing investments and demand for services.

When Mouawad set up her advertising agency in 1992, the long war was drawing to a close and hopes were high for Lebanon's future. A few years later, feeling optimistic, she sold a property she owned in Greece to re-invest back home.

But with her retail clients cash-strapped, her business has shrunk by about three quarters in the economic crisis. Mouawad herself is facing daily financial pressures.

"It's become like an obsession with living conditions," she said.

"All the time I'm thinking what will I do? Do I pay municipality fees or my mechanic fees or my electricity? I am under pressure and I never used to think like that before."

Instead of a busy work schedule, she works barely an hour a day online. At the large warehouse where the paper business is based, activity has dwindled and deliveries of raw materials have spaced out.

"In the normal days we used to re-stock every four days, now this is all for three weeks," she said, gesturing at some stacks of materials.

In spite of everything, she is not contemplating emigration. Having lived in the United States for six months in the 1990s and struggled to get used to it, she still wants to live in her home country.

"Everything I fought for is here and then I just leave it for someone else? No."



Why is Israel Launching Crackdown in the West Bank after the Gaza Ceasefire?

Israeli army vehicles are seen during a military operation in the West Bank city of Jenin, Tuesday, Jan. 21, 2025. (AP Photo/Majdi Mohammed).
Israeli army vehicles are seen during a military operation in the West Bank city of Jenin, Tuesday, Jan. 21, 2025. (AP Photo/Majdi Mohammed).
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Why is Israel Launching Crackdown in the West Bank after the Gaza Ceasefire?

Israeli army vehicles are seen during a military operation in the West Bank city of Jenin, Tuesday, Jan. 21, 2025. (AP Photo/Majdi Mohammed).
Israeli army vehicles are seen during a military operation in the West Bank city of Jenin, Tuesday, Jan. 21, 2025. (AP Photo/Majdi Mohammed).

In the days since a fragile ceasefire took hold in the Gaza Strip, Israel has launched a major military operation in the occupied West Bank and suspected Jewish settlers have rampaged through two Palestinian towns.

The violence comes as Israeli Prime Minister Benjamin Netanyahu faces domestic pressure from his far-right allies after agreeing to the truce and hostage-prisoner exchange with the Hamas militant group. US President Donald Trump has, meanwhile, rescinded the Biden administration's sanctions against Israelis accused of violence in the territory.

It's a volatile mix that could undermine the ceasefire, which is set to last for at least six weeks and bring about the release of dozens of hostages in exchange for hundreds of Palestinian prisoners, most of whom will be released into the West Bank.

Israel captured the West Bank, Gaza and east Jerusalem in the 1967 Mideast war, and Palestinians want all three territories for their future state. Escalations in one area frequently spill over, raising further concerns that the second and far more difficult phase of the Gaza ceasefire - which has yet to be negotiated - may never come.

Dozens of masked men rampaged through two Palestinian villages in the northern West Bank late Monday, hurling stones and setting cars and property ablaze, according to local Palestinian officials. The Red Crescent emergency service said 12 people were beaten and wounded.

Israeli forces, meanwhile, carried out a raid elsewhere in the West Bank that the military said was in response to the hurling of firebombs at Israeli vehicles. It said several suspects were detained for questioning, and a video circulating online appeared to show dozens being marched through the streets.
On Tuesday, the Israeli military launched another major operation, this time in the northern West Bank city of Jenin, where its forces have regularly clashed with Palestinian militants in recent years, even before Hamas' Oct. 7, 2023, attack out of the Gaza Strip triggered the war there.

At least nine Palestinians were killed on Tuesday, including a 16-year-old, and 40 were wounded, the Palestinian Health Ministry said. The military said its forces carried out airstrikes and dismantled roadside bombs and "hit" 10 militants - though it was not clear what that meant.

Palestinian residents have reported a major increase in Israeli checkpoints and delays across the territory.

Israeli Defense Minister Israel Katz cast the Jenin operation as part of Israel's larger struggle against Iran and its militant allies across the region, saying "we will strike the octopus' arms until they snap."

The Palestinians view such operations and the expansion of settlements as ways of cementing Israeli control over the territory, where 3 million Palestinians live under seemingly open-ended Israeli military rule, with the Western-backed Palestinian Authority administering cities and towns.

Prominent human rights groups call it a form of apartheid since the over 500,000 Jewish settlers in the territory have all the rights conferred by Israeli citizenship. Israel rejects those allegations.

Netanyahu has been struggling to quell a rebellion by his ultranationalist coalition partners since agreeing to the ceasefire. The agreement requires Israeli forces to withdraw from most of Gaza and release hundreds of Palestinian prisoners - including militants convicted of murder - in exchange for hostages abducted in the Oct. 7 attack.

One coalition partner, Itamar Ben-Gvir, resigned in protest the day the ceasefire went into effect. Another, Finance Minister Bezalel Smotrich, has threatened to bolt if Israel does not resume the war after the first phase of the ceasefire is slated to end in early March.

They want Israel to annex the West Bank and to rebuild settlements in Gaza while encouraging what they refer to as the voluntary migration of large numbers of Palestinians.

Netanyahu still has a parliamentary majority after Ben-Gvir's departure, but the loss of Smotrich - who is also the de facto governor of the West Bank - would severely weaken his coalition and likely lead to early elections.

That could spell the end of Netanyahu's nearly unbroken 16 years in power, leaving him even more exposed to longstanding corruption charges and an expected public inquiry into Israel's failure to prevent the Oct. 7 attack.

Trump's return to the White House offers Netanyahu a potential lifeline.

The newly sworn-in president, who lent unprecedented support to Israel during his previous term, has surrounded himself with aides who support Israeli settlement. Some support the settlers' claim to a biblical right to the West Bank because of the Jewish kingdoms that existed there in antiquity.

The international community overwhelmingly considers settlements illegal.

Among the flurry of executive orders Trump signed on his first day back in office was one rescinding the Biden administration's sanctions on settlers and Jewish extremists accused of violence against Palestinians.

The sanctions - which had little effect - were one of the few concrete steps the Biden administration took in opposition to the close US ally, even as it provided billions of dollars in military support for Israel's campaign in Gaza, among the deadliest and most destructive in decades.

Trump claimed credit for helping to get the Gaza ceasefire agreement across the finish line in the final days of the Biden presidency.

But this week, Trump said he was "not confident" it would hold and signaled he would give Israel a free hand in Gaza, saying: "It's not our war, it's their war."