Lebanon’s dollar crisis hits migrants workers

Migrant workers from Bangladesh, working for waste management company RAMCO, inside their dormitory at a company facility in Biakout, near Beirut, Lebanon. The dollar crisis has affected migrant labor especially badly in Lebanon. (Reuters)
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Updated 23 May 2020
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Lebanon’s dollar crisis hits migrants workers

  • International labor force bears the brunt of Beirut’s economic woes, as the economy reels from currency and virus crises

BEIRUT: Temitope cannot find work in Lebanon since the Nigerian domestic worker escaped her employer’s house last month.

With Lebanon in deep financial crisis and dollars in short supply, people have less money to spend on help. And with Beirut airport shut under a coronavirus lockdown, Temitope can’t go back home even if she tries.

“I’m very afraid. There’s not a day that I don’t cry ... without any money even to eat now,” said Temitope, who climbed down a building after her employer beat her until she bled. She now lives with friends, relying on any cash they can give her.

Like many African and Asian women in Lebanon, Temitope, a mother of two, was recruited for work and came so she could send money home to her family.

But dollar shortages piling pressure on hundreds of thousands of migrant workers in Lebanon have left some stranded in the streets and many begging to go home. Rights groups warn this puts workers at risk of abuse and trauma.

Embassy and NGO shelters are saturated.

Since Lebanon plunged into crisis late last year, the local currency has lost more than half its value. Prices have soared as more Lebanese slide into poverty.

The coronavirus pandemic has also hampered government efforts to repatriate workers via their embassies, and even those flights require payment in dollars.

“There’s more need than ever before for shelters...for those who lost jobs and have no place else to go,” said Zeina Mezher of the International Labour Organization.

Activist groups say they field regular phone calls from unpaid domestic workers who have been kicked out of their accomodation or escaped their employer’s households.

Migrant workers form the backbone of sectors like waste collection and housekeeping in Lebanon, where many barely have any rights, face widespread racism and sometimes commit suicide.

Most women work as maids under a sponsorship system called “kafala” that even the former labor minister likened to slavery. It prevents them from leaving without the employer’s consent, with salaries as low as $150 a month.

Last month, police interrogated a Lebanese man who tried to sell his Nigerian housekeeper for $1,000 on the social media site Facebook.

“The crises, whether it’s coronavirus or the economy, expose the flaws in the kafala system,” Mezher said.

The prime minister’s wife sparked controversy last week when she called on Lebanese people facing rising unemployment to take up jobs usually filled by foreigners like housekeeper or doorman.

Bangladeshi trash collectors went on strike for weeks after the firm managing waste in Beirut, RAMCO, switched to paying them in Lebanese pounds, undermining the value of their wages.

When workers stopped garbage trucks from going out in protest last week, riot police arrived, firing smoke grenades at some and beating up others.

Mohamad Ilahi, one of the workers, has not sent money to his wife and two daughters in Bangladesh for months. “My family cries a lot,” he said. “They can’t pay school fees, and can’t buy enough food.”

He said RAMCO had agreed to a pay raise in local currency.

RAMCO manager Walid BouSaad said the company had no choice because the Lebanese state, its main customer, had stopped paying in dollars late last year, on top of millions the government already owed in arrears. “It is the worker’s right to ask for payment in dollars,” he said. “But some things are out of our hands.”

For Ilahi, the future in Lebanon remains uncertain. “I want to work. But without a solution, there’s no use for me here,” he said. “I will want to leave then. All of us will.” 


Arab Energy Fund takes minority stake in Saudi energy firm APSCO 

Updated 15 January 2026
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Arab Energy Fund takes minority stake in Saudi energy firm APSCO 

RIYADH: The Arab Energy Fund has acquired a minority stake in Saudi Arabia’s Arabian Petroleum Supply Co., backing one of the Kingdom’s largest private energy solutions providers as it looks to expand across the Middle East and beyond. 

The investment initiates a partnership aimed at pursuing opportunities across the Middle East, North Africa, and select international markets, covering APSCO’s core and adjacent business sectors. 

The move underscores TAEF’s commitment to investing in established regional leaders while promoting innovation and sustainable growth across the energy value chain. 

According to a press release, the transaction marks The Arab Energy Fund’s first investment of 2026, following an active 2025 during which the fund completed several key deals, including investments in Jafurah Midstream Gas Co. alongside BlackRock and in the platform Tagaddod. 

Khalid Al-Ruwaigh, CEO of The Arab Energy Fund, commented on the deal, saying: “APSCO represents a unique platform with strong fundamentals and a proven track record in critical energy segments.” 

He added: “This investment aligns with our mandate to support high-quality energy and energy-adjacent businesses that are well-positioned to capture growth across the region and beyond.” 

The Arab Energy Fund is a multilateral impact financial institution established in 1974 by 10 Arab oil-exporting countries. 

Mohammed Ali Ibrahim Alireza, managing director, APSCO, said: “We welcome The Arab Energy Fund as a strategic partner supporting our next phase of growth.” 

He added: “As a pioneer in energy solutions for over 60 years, APSCO remains committed to quality, reliability, and innovation, while continuing to contribute to Vision 2030 by enhancing efficiency and minimizing environmental impact.” 

The partnership is designed to bolster APSCO’s long-term growth strategy, operational excellence, and geographic expansion, leveraging TAEF’s regional expertise and institutional network. 

APSCO is a Saudi energy company with more than 60 years of experience in integrated energy solutions, including aviation fuels, lubricants, and a nationwide automotive retail network. 

The company holds long-term partnerships with global energy leaders, including a 60-year relationship with ExxonMobil for lubricant distribution across several Middle Eastern countries. Since 1999, APSCO has also been the exclusive aviation fueling services provider for Saudia.