Another day another major fire reported at the Port of #Beirut, the site of August 4’s massive explosion that shook the city and killed over 150 people.
Monitoring WhatsApp groups instantly shows you growing panic among residents around that area.the
Given this is the second fire since the explosion, this begs the question: what is being burned there? Why is it being burnt and not disposed in a more eco-friendly way? Or are the people in charge aiming to completely destroy certain things in an attempt to hide evidence?
The video here provides a closer look on the large fire at the Port or #Beirut. In theory, the thicker the smoke, the more spectacular the flashover or fire spread. However, the danger this smoke poses on people’s lives is by in large due to the amounts of CO2 it’s releasing.
Firefighters just arrived to the scene to try and put down the fire. As a first impression, the absence of the army suggests that this fire might be incidental & not preplanned as the other day - @LebarmyOfficial took responsibility for that.
(Please ignore the selfie guy 🤦🏻♂️).
Local TV @ALJADEEDNEWS is reporting that the fire broke out in a storage facility for tires and oils.
However, the story is too fishy. What storage facility, what tires & what oils survived the blast on Aug 4 & remained there?
. @HashemOsseiran gives an idea of the state of panic #Beirut|is are in atm. A grieving population remains in trauma due to what happened on Aug 4. Precautionary measures are individually taken while the gov. fails to put out an explanation yet.
I just received those photos of the fire debris; not sure what are they, but their size suggests that they’re not the usual soot produced by the incomplete combustion of hydrocarbons.
#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.