Lebanon Faces Gasoline Crisis, Unprecedented Meat Price Hike

 Vehicles queue for fuel at a gas station in the village of Msayleh, Lebanon March 16, 2021. (Reuters)
Vehicles queue for fuel at a gas station in the village of Msayleh, Lebanon March 16, 2021. (Reuters)
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Lebanon Faces Gasoline Crisis, Unprecedented Meat Price Hike

 Vehicles queue for fuel at a gas station in the village of Msayleh, Lebanon March 16, 2021. (Reuters)
Vehicles queue for fuel at a gas station in the village of Msayleh, Lebanon March 16, 2021. (Reuters)

With the imminent lifting of subsidies on basic supplies, a fuel crisis emerged in Lebanon in parallel with a further increase in the prices of food products, especially meat and poultry, which prompted the General Labor Union to threaten to take to the streets after Eid Al-Fitr holiday.

On Monday, a large number of gas stations abstained from supplying cars with gasoline, while long queues of vehicles waited since early morning to receive a maximum amount of 20 liters of gasoline, a ceiling set by the stations that decided to remain open.

The representative of fuel distributors, Fadi Abu Chakra, said that the current gasoline crisis was due to rumors about an imminent rationalization of subsidy and fear that fuel prices would double.

In remarks to Asharq Al-Awsat, he explained that citizens have rushed to fill and store gasoline over the past few days, which led to fuel scarcity in the market.

Abu Chakra clarified that until the moment, subsidy on gasoline has not been lifted; hence prices have not increased, adding that the distributing companies would complete on Tuesday the distribution of gasoline, which is supposed to end this crisis.

The Lebanese army had recently announced thwarting several operations of fuel smuggling into Syrian territory and the arrest of Lebanese and Syrian people involved in smuggling activities.

Meanwhile, prices of foodstuffs witnessed a major increase over the past two days, especially in meat and poultry, after workers in the sector announced that the Central Bank had stopped securing subsidized dollars for importing meat and poultry supplies.

Citizens rushed to the supermarkets after the syndicate announced that the price of chicken would rise by more than 40 percent within weeks. Moreover, a number of butcheries closed their doors protesting the lack of subsidized meat, while others increased the price of a kilo of meat by 30 percent compared to the past week.

The President of the General Labor Union, Bechara Al-Asmar, warned that the union would not stand idly by amid what he called a "programmed chaos" aimed at starving the people, threatening to take to the streets after Eid Al-Fitr holiday.



Riyadh to Host 3rd Edition of Saudi Tourism Forum Under the Slogan ‘To Discover’

A general view of Riyadh, Saudi Arabia. (Asharq Al-Awsat)
A general view of Riyadh, Saudi Arabia. (Asharq Al-Awsat)
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Riyadh to Host 3rd Edition of Saudi Tourism Forum Under the Slogan ‘To Discover’

A general view of Riyadh, Saudi Arabia. (Asharq Al-Awsat)
A general view of Riyadh, Saudi Arabia. (Asharq Al-Awsat)

Riyadh is set to host the third edition of the Saudi Tourism Forum from January 7 to 9 at Roshn Front.

Organized in partnership with the Ministry of Tourism, the Saudi Tourism Authority, and the Tourism Development Fund, the event will run under the theme "To Discover."

This year’s forum serves as a dynamic platform to highlight new and unique tourist destinations across the Kingdom, offering visitors innovative experiences while showcasing Saudi Arabia’s diverse tourism potential. With over 100 exhibitors, the forum provides an expansive space to explore the latest developments in the tourism sector, spotlight major investment projects, and foster skill development and partnerships to drive tourism growth.

Chief Executive Officer of 4M Event and Chairman of the Forum’s Organizing Committee Eng. Hamza Nasser emphasized the forum’s role in advancing collaboration within the tourism sector. "Through the forum, we aim to promote the beauty of Saudi tourist destinations, enhance cooperation among stakeholders, and raise awareness about investment and development opportunities. This aligns with the goals of the Kingdom’s Vision 2030,” he said.
Since its inception, the Saudi Tourism Forum has significantly advanced efforts to promote the Kingdom's rich cultural heritage and distinctive tourist sites. Supported by prominent partners and sponsors, the event underscores a shared commitment to developing this vital sector.
The program will feature a variety of seminars and workshops, offering insights into the latest trends and developments in tourism. Attendees will have the opportunity to engage with keynote speakers, decision-makers, and industry professionals, enhancing their skills and knowledge.
The forum is expected to attract a diverse audience, including business leaders, investors, officials, and dignitaries, creating fertile ground for collaboration and partnerships.