Back to the complete issue
Sunday, 27 June 2021

Lebanon cuts fuel subsidies as gas shortage deepens

Fuel prices in Lebanon are set to skyrocket after the government decided to cut back on subsidies as it looks to solve a worsening gas shortage and protect its dwindling foreign reserves amid an ongoing economic and financial crisis, the Associated Press reports.

Israel will ease trade and fishing restrictions in the Gaza strip, it announced Thursday, following a tightening of the bans since the 11-days of violence against Palestine in May, Reuters reports. Israel allowed on Monday a limited resumption of commercial exports from Gaza, after expanding the fishing zone in the strip and approving the import of raw materials for essential civilian factories on Friday.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.