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Lebanon business group urges general strike to push for end to crisis

A major Lebanese business group called on Monday for a three-day general strike to press divided politicians to form a government and end a crisis that has brought the economy to a standstill.
Lebanon has faced five weeks of protests, fueled by anger at corruption among sectarian politicians who have governed for decades. Demonstrators want to see the entire ruling class gone from power.
Despite the unprecedented protests, which led to the resignation of Prime Minister Saad Hariri on October 29 and exacerbated the economic crisis, deeply divided politicians have yet to agree on a new government.
The Lebanese Economic Bodies group, which includes industrialists and bankers, called for the closure of private institutions from Thursday to Saturday to push major parties to form a new government and avert further economic damage.
“The political forces have not assumed their national responsibilities and have not shown the seriousness necessary to produce solutions to the current crisis,” it said.
Banks reopened last week after mostly being shut since unrest began on October 17. Fearing capital flight and amid a hard currency shortage, commercial banks have placed tight restrictions on withdrawals and transfers abroad.
It was not clear if any banks would heed the strike call.
The hard currency shortage has spawned a black market where the price for dollars has surged since the start of the unrest, reaching over 2,000 pounds to the dollar on Monday, about a third higher than the pegged rate of 1,507.5.
In its statement, the Economic Bodies group said its “escalation” would continue until a new government was formed, with further steps to be announced.
Highway clashes
The strike call came hours after clashes on a Beirut roadway between supporters of Shia groups Hezbollah and Amal and anti-government protesters, raising the specter of violence in overwhelmingly peaceful protests.
Supporters of Hezbollah and Amal have sought to reopen roads and get protesters to go home.
Adding to tensions, two people were killed when their car slammed into a traffic barrier and burst into flames on a coastal road in the early hours of Monday, security sources said.
The crash sparked debate on social media about whether protest tactics, which have often included road blockades, had gone too far, although it was not immediately clear who set up the barrier that caused the accident.
A video on social media is taken from a traffic camera that showed a car smashing through a metal barricade in the center of the road and lighting on fire. Reuters could not independently verify the video.
Hezbollah blamed protesters, saying the accident was the result of attacks by groups targeting roads. In a statement, it called the tactics “a threat to civil peace and social stability.”
Hezbollah and Amal were both represented in the coalition government led by Hariri. The heavily armed Hezbollah, which is backed by Iran, had opposed his resignation.
In a statement, Lebanon’s Supreme Islamic Shia Council urged security forces to take stronger actions to protect citizens and freedom of movement. Lebanon’s army has sought to keep roads open but has pledged to use peaceful means.
The family of the victims called on authorities to launch an investigation and find those responsible for blocking the roads, according to a statement on state news agency NNA.
The President of the Lebanese Progressive Socialist Party, Walid Jumblatt commented on the accident, saying that blocking roads from any Lebanese side would only lead to problems and casualties.
In a series of tweets, Jumblatt condemned what happened late Sunday in downtown Beirut, when a group of Hezbollah supporters attacked demonstrators, without naming the Shia militia, calling for the need to keep all roads open to the Lebanese.
source: Reuters
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BENEFIT Sponsors Gulf Uni...
- April 17, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced its sponsorship of the “Innovation and Sustainable Technology Solutions Competition (GU - IST Solutions), hosted by Gulf University at its main campus.
This strategic sponsorship reflects BENEFIT’s active role in advancing technological innovation and fostering sustainable solutions to future challenges. It also seeks to empower Bahraini youth by enhancing their skills, capabilities, and competitiveness in innovation and solution development—contributing meaningfully to the broader goals of sustainable development across all sectors.
As part of BENEFIT’s active involvement in the competition, the company has announced that Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication, will serve on the competition’s supervisory committee. Her upcoming participation reflects BENEFIT’s forward-looking commitment to championing academic and professional excellence.
Commenting on the occasion, Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication at BENEFIT, said, “We are privileged to support this pioneering initiative, which aligns seamlessly with BENEFIT’s enduring commitment to fostering innovation and nurturing the potential of Bahrain’s youth. Our participation is rooted in a deep sense of social responsibility and a firm belief in the pivotal role of innovation in shaping a sustainable future. Through such platforms, we seek to empower the next generation with the knowledge, skills, and foresight required to develop impactful solutions that address future challenges, in line with the United Nations Sustainable Development Goals 2030.”
Dr. Aseel Al Ayash Dean of the College of Engineering in Gulf University commented, “We extend our sincere gratitude to BENEFIT for their generous sponsorship and support of the Innovation and Sustainable Technology Solutions Competition. This contribution plays an instrumental role in helping us achieve the strategic goals of this initiative, namely, cultivating a culture of innovation and sustainability, encouraging efforts that address the imperatives of sustainable development, and enhancing the practical and professional capabilities of our students and participants.”
The event will bring together a diverse spectrum of participants, including secondary school students, university undergraduates, engineers, industry professionals, entrepreneurs, academic researchers, and subject matter experts representing a wide range of disciplines.
The competition seeks to inspire participants to develop and present innovative, sustainable technologies aimed at addressing pressing environmental, social, and economic challenges. It encourages the formulation of business models that integrate advanced technological solutions with core principles of sustainability. Moreover, it serves as a platform for emerging leaders, entrepreneurs, and innovators to contribute to the advancement of the Sustainable Development Goals, promote the ethos of responsible technology, and demonstrate its transformative potential across various sectors.
Attendees will have the opportunity to view a series of project presentations submitted by participants, covering diverse areas such as eco-friendly product design, smart and sustainable innovations, renewable energy technologies, water conservation and management, waste minimisation and recycling, green architectural solutions, and sustainable transportation systems. Outstanding projects will be formally recognised and awarded at the conclusion of the event.
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