Lebanon launches $797m stimulus package to cover costs of COVID-19

Short Url
Updated 17 April 2020
Follow

Lebanon launches $797m stimulus package to cover costs of COVID-19

  • The PM the epidemic has worsened the country’s decades-old economic, financial and social crises, and has made “the situation more difficult and critical”

DUBAI: Lebanese Prime Minister Hassan Diab has allocated 1.2 trillion Lebanese pounds ($797 million) to cover the costs of COVID-19, which has forced industries across the globe to shut down.

He said the fund would “help daily workers in the public sector, support the health sector and farmers, and give small industrial enterprises subsidized loans to stimulate the national industry.”

Diab added the epidemic has worsened the country’s decades-old economic, financial and social crises, and has made “the situation more difficult and critical.”

The Lebanese leader made the statement amid strict lockdown measures that have been implemented in Lebanon to curb the spread of the virus.

Diab said the government was in talks to create a plan to restart the economy and gradually lift the restrictions.


Somali president visits city claimed by breakaway region

Updated 17 January 2026
Follow

Somali president visits city claimed by breakaway region

MOGADISHU: Somali President Hassan Sheikh Mohamud on Friday visited a provincial capital claimed by the breakaway region of Somaliland -- the first visit there by a sitting president in over 40 years.
The visit to Las Anod, the administrative capital of the Sool region, comes amid heightened diplomatic tensions in the Horn of Africa after Israel officially recognised Somaliland, drawing strong opposition from Mogadishu.
Mohamud was attending the inauguration of the president of the newly created Northeast State, which became Somalia's sixth federal state in August.
It was the first visit by a Somali president since 1984.
Somalia is a federation of semi-autonomous states, some of which have fraught relations with the central government in Mogadishu.
The Northeast State comprises the regions of Sool, Sanaag and Cayn, all territories Somaliland claims as integral to its borders.
Somaliland had controlled Las Anod since 2007 but was forced to withdraw in 2023 after violent clashes with Somali forces and pro-Mogadishu militias left scores dead.
Mohamud's visit "is a symbol of strengthening the unity and efforts of the federal government to enforce the territorial unity of the Somali country and its people", the Somali president's office said.