"And I have found both freedom and safety in my madness, the freedom of loneliness and the safety from being understood, for those who understand us enslave something in us. But let me not be too proud of my safety. Even a Thief in a jail is safe from another thief. "

Khalil Gibran (How I Became a Madman)

Lübnan Marunîleri / Yasin Atlıoğlu

NEWS AND ARTICLES / HABERLER VE MAKALELER

Tuesday, October 08, 2024

$10 billion economic toll: Lebanon faces massive losses one year after escalation - LBC

October 7, 2023: A day that Hamas determined the fate of the Palestinian people with the start of Operation Al-Aqsa Flood.


As events escalated, slain Hezbollah leader Sayyed Hassan Nasrallah decided to enter the war from Lebanon to support Gaza, despite the difficult economic conditions that have plagued Lebanon since 2019. 

The resistance made its decision and entered the battlefield.

A part of the south has been destroyed, with approximately 11,000 housing units affected. According to the Council for South Lebanon, today's estimates indicate that these figures could be doubled, with losses estimated at about $500 million.

During the holidays, which are typically a peak season for movement and sales, the flow of visitors to Lebanon has decreased by a significant percentage compared to last year. 

Due to the war, some shops in the south did not open, causing damage to 220 industrial and commercial establishments, with losses estimated at around $15 million.