Lebanese protestors are seen heading to downtown #Beirut, ground zero for Lebanon’s October uprising, 1st to celebrate #LaborDay & to protest the politico-economic situation in the country.
More photos of #LebanonProtests, this time from Kfar-Roummane, south of Lebanon. The city remains a stronghold for the Lebanese Communist Party and has played a major role in defying #Hezbollah-Amal authority in the south, mainly since protests erupted.
From the mountainous village of ِAley, a protest organized by #LiHaqqi - a leftist movement calling for social and political change & and one of the main movements participating in the protests that erupted on October 17.
In an important gesture on #LeborDay, #LebanonProtests chant in salute of foreign domestic workers, that are often subject to abuse in Lebanese households.
From downtown #Beirut, a protestor carries a sign that says: “You can rob us of everything .. except for hope,” in reference to the citizens bank deposits that were syphoned by the political ruling elite to finance their sectarian clientelist networks.
@LebarmyOfficial’s excessive use of force against peaceful civilian protestors in Hamra, #Beirut. @usembassybeirut previously condemned violent protests in Tripoli while turning a blind eye to the army’s continuous crackdown on protestors.
#Iraq's fiscal break-even oil price will be above $90/bl in 2024. Here's why per the @IMFNews who concluded last weekend its 2024 Article IV consultation with #Iraq authorities:
-Economic growth is projected to continue amid fiscal expansion... #oott
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-but medium-term vulnerabilities to oil price volatility have increased significantly
-significant fiscal adjustment required, through controlling public wage bill, to ensure fiscal sustainability & reduction of oil dependence
-Int'l reserves increased to $112bn.
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-while expansionary budget was under-executed in 2023, fiscal balance declined from surplus of 10.8pc of GDP in 2022 to a deficit of 1.3pc in 2023, due to lower oil revenues and an increase in expenditure (mostly a result of salaries and pensions).
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Fun fact about #Lebanon's newly appointed Minister of Foreign Affairs:
A battle over the Lebanese embassy in DC took place in 1989, when Abdallah BouHabib was the ambassador. The Taif Agreement had gone into effect and Elias Hraoui was elected President in December of that year.
Hraoui, immediately fired Michel Aoun from all his self-proclaimed posts, removed #Lebanon’s veteran ambassador to Washington, Bouhabib himself, and handed control of the embassy to the No. 2 diplomat at the time, Sleiman Rassi.
Yet Aoun - who was holding out with 20,000 troops at the presidential palace in Baabda refusing to recognize the Hraoui gov't - sent Bouhabib a telegram ordering him to stay put.
BouHabib, a staunch Aoun supporter, continued to occupy the ambassador’s office and residence.
Many fallacies are often perpetuated in media [esp. Arab] about alliances & geopolitics in the MENA region, mainly for propaganda purposes. For instance, since penning the normalization deal with #Israel, state-sponsored media in the #UAE insists that #Iran & #Turkey inch closer.
However, here’s a microcosm of how intricate the relation of the two is:
🇹🇷 & 🇮🇷 are at the opposing ends in: 🇮🇶, 🇸🇾 & now Azerbaijan/#Armenia; they overlap in #Libya & on Palestine. One could argue that if Ankara was to invest more in #Lebanon, it’ll be at odds with Tehran.
#Iran has remained largely silent on the dispute between Turkey & others in the East Med.
With Syria in mind, developments in Armenia [which I predict will be contained] could lead to another front of Russian-Iranian alignment in face of Turkey.
Mustafa Adib is not the hero some people are portraying him to be. But Adib, banking on French support & the suffocating situation on the ground, had a stronger hand in negotiating his government formation process - unlike his predecessors. The PM-designate though that:
•parties will cave-in following the Aug 4 explosion & Int’l pressure, resulting in them facilitating the formation of a gov’t that can enact certain reforms and tap into some $$s.
However, reality hit hard. #Lebanon, as usual, is just another piece of the regional chessboard.
Hence why, regional patrons of the sectarian ruling mafia decided to “freeze” the situation until November 3rd. When the Iranians [Hezbollah] and the Saudis [economic support: CEDRE/IMF] figure out who will occupy the Oval Office next, concessions & compromise become possible.