Lebanon... War Losses Exceed $8 Billion and 40,000 Homes Destroyed
Lebanon faces unprecedented economic and humanitarian challenges due to direct and indirect war damage, requiring urgent international support
November 5, 2024, 6:32 pm

Lebanon... War Losses Exceed $8 Billion and 40,000 Homes Destroyed

الدمار في لبنان \ تعبيرية \ متداولة

Military confrontations intensified on the Lebanese front, where Hezbollah began targeting Israeli strategic facilities, announcing a hit on "an explosives factory near the coastal city of Haifa with a barrage of specialized missiles".

Hezbollah declared attacking "Maale Golani barracks (Hermon Brigade 810 headquarters) with a barrage of specialized missiles."

Israeli fighter jets carried out a violent attack on the Jiyeh area targeting a residential unit, while other raids hit various areas across the country, causing casualties.

Lebanese health institutions revealed that the casualty toll has risen to more than three thousand people, mostly since the end of September, with today's losses reaching five deaths near the city of Baalbek in the Bekaa Valley.

Clashes escalated between Hezbollah and the Israeli army seeking to advance towards the vicinity of Maroun al-Ras and Bint Jbeil, coinciding with attacks on the Israeli Meron Air Base in Upper Galilee and the Sasa settlement.

Al-Arabiya and Al-Hadath correspondent reported the destruction of an entire neighborhood in the town of Shahabiya in southern Lebanon due to Israeli raids, while shelling hit the villages of Arabsalim, Arzoun, Al-Kharayeb, and Kafrtebnit.

The "National News Agency" published a report about Israeli infantry and vehicle movements in the heights of Shebaa Farms and Kfarchouba hills, being targeted by missiles.

The Israeli army disclosed intercepting a drone coming from the east over the Dead Sea area, in addition to aerial targets launched from Lebanon and Syria.

The Israeli raid on the Damascus vicinity resulted in the death and injury of 7 Hezbollah militants in the Sayyida Zainab area, where a training camp for Hezbollah fighters operating with Syrian regime forces is located.

Lebanese official statistics showed the complete destruction of more than 40,000 residential units in 37 southern towns, while 22,000 homes were partially damaged and 120,000 slightly affected.

Initial estimates for the cost of housing reconstruction reached about $4.2 billion, while indirect economic losses were estimated at about $4 billion, with economic activity declining by 50%.

Confrontations continue in the southern border regions since October 8, 2023, following Israel's declaration of war on Gaza and Hezbollah's announcement of support for the strip.

Levant-Agencies

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”