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Iran: Protesters Gather at Tehran’s Grand Bazaar Over Failing Economy

Protesters gathered at Tehran’s Grand Bazaar on Tuesday, January 6, as nationwide demonstrations over Iran’s failing economy entered their tenth day. Activists report that at least 36 people have been killed since the unrest began in December, with the country’s currency plummeting to a record low.

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Lebanese race to gold amid local, global economic uncertainty

STORY: Lebanese race to gold amid local, global economic uncertainty DATELINE: July 22, 2023 LENGTH: 00:04:03 LOCATION: Beirut CATEGORY: ECONOMY SHOTLIST: 1. Ahmad al Hajari, a gold trader, speaking to a client 2. various of gold jewelry 3. SOUNDBITE 1 (Arabic): AHMAD AL HAJARI, Lebanese gold trader 4. various of gold ounces and coins 5. SOUNDBITE 2 (Arabic): AHMAD AL HAJARI, Lebanese gold trader 6. various of the exterior of the gold store 7. SOUNDBITE 3 (Arabic): HUSSEIN NAWWARA, Lebanese citizen in Beirut 8. various of gold pieces STORYLINE: Lebanon has been facing an unprecedented financial crisis amid a shortage of foreign currency reserves, causing the loss of billions of dollars in deposits. The currency collapse encouraged the Lebanese to opt for a safe investment haven for their money, namely gold. Lebanese citizens capable of saving a portion of their monthly salaries believe that gold can offer them a haven for their savings which were previously lost in Lebanese banks. Ahmad al-Hajari, a gold

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Economic crisis weighs heavily on Lebanese traditions in Eid al-Adha

STORY: Economic crisis weighs heavily on Lebanese traditions in Eid al-Adha DATELINE: June 29, 2023 LENGTH: 00:03:17 LOCATION: Beirut CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Beirut 2. various of people buying sweets in shop 3. SOUNDBITE 1 (Arabic): AHMED MIDIKSI, Worker at Safsouf sweets shop in Beirut 4. SOUNDBITE 2 (Arabic): MAHA OUEINI, Beirut resident 5. SOUNDBITE 3 (Arabic): AKRAM EL BUNNI, Sheep seller in Lebanon 6. various of sheep STORYLINE: Eid al-Adha has a different taste in Lebanon this year amid the unprecedented financial crisis prevailing in the country. Ever since the beginning of the crisis in 2019, citizens have reduced their Eid spending as the value of their wages deteriorated following the collapse of the local currency. Sweets shops are among the businesses that felt the pinch of the crisis. SOUNDBITE 1 (Arabic): AHMED MIDIKSI, Worker at Safsouf sweets shop in Beirut "There is a drop in demand by 80 percent. I won't say by 90 percent or 100 percent, there is a dro

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Lebanese citizens respond differently to U.S. dollar pricing in supermarkets

STORY: Lebanese citizens respond differently to U.S. dollar pricing in supermarkets DATELINE: March 16, 2023 LENGTH: 0:01:38 LOCATION: Beirut CATEGORY: ECONOMY SHOTLIST: 1. various of supermarkets in Beirut 2. SOUNDBITE 1 (Arabic): YAMEN AL AYASH, Customer 3. SOUNDBITE 2 (Arabic): TANIOS LAHOUD, Customer 4. SOUNDBITE 3 (Arabic): BASSEM NASR, Supermarket owner STORYLINE: The Lebanese currency on Tuesday collapsed to 100,000 Lebanese pounds (LBP) per dollar for the first time in history as the country's financial crisis and political deadlock linger on. One month ago, Lebanese caretaker Economy Minister Amin Salam announced a decision to price all products in supermarkets in U.S. dollars amid the unprecedented collapse in the local currency. The decision also allows customers to pay for their products in Lebanese pounds according to the daily exchange rate of the U.S. dollar. Lebanese citizens responded to the decision differently. SOUNDBITE 1 (Arabic): YAMEN AL AYASH, Customer "Prices in U.S. dollars ar

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LEBANON-TRIPOLI-FINANCIAL CRISIS-CURRENCY-COLLAPSE

(230314) -- TRIPOLI (LEBANON), March 14, 2023 (Xinhua) -- A teller arranges stacks of Lebanese pound banknotes at a foreign exchange office in Tripoli, Lebanon, on March 14, 2023. The Lebanese currency on Tuesday collapsed to 100,000 Lebanese pounds (LBP) per dollar for the first time in history as the country's financial crisis and political deadlock linger on. (Photo by Khaled Habashiti/Xinhua)

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LEBANON-TRIPOLI-FINANCIAL CRISIS-CURRENCY-COLLAPSE

(230314) -- TRIPOLI (LEBANON), March 14, 2023 (Xinhua) -- A teller uses a bill counter to count Lebanese currency at a foreign exchange office in Tripoli, Lebanon, on March 14, 2023. The Lebanese currency on Tuesday collapsed to 100,000 Lebanese pounds (LBP) per dollar for the first time in history as the country's financial crisis and political deadlock linger on. (Photo by Khaled Habashiti/Xinhua)

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LEBANON-TRIPOLI-FINANCIAL CRISIS-CURRENCY-COLLAPSE

(230314) -- TRIPOLI (LEBANON), March 14, 2023 (Xinhua) -- Stacks of Lebanese pound banknotes are seen on a counter of a foreign exchange office in Tripoli, Lebanon, on March 14, 2023. The Lebanese currency on Tuesday collapsed to 100,000 Lebanese pounds (LBP) per dollar for the first time in history as the country's financial crisis and political deadlock linger on. (Photo by Khaled Habashiti/Xinhua)

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LEBANON-TRIPOLI-FINANCIAL CRISIS-CURRENCY-COLLAPSE

(230314) -- TRIPOLI (LEBANON), March 14, 2023 (Xinhua) -- A man puts stacks of Lebanese pound banknotes into a bag at a foreign exchange office in Tripoli, Lebanon, on March 14, 2023. The Lebanese currency on Tuesday collapsed to 100,000 Lebanese pounds (LBP) per dollar for the first time in history as the country's financial crisis and political deadlock linger on. (Photo by Khaled Habashiti/Xinhua)

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LEBANON-TRIPOLI-FINANCIAL CRISIS-CURRENCY-COLLAPSE

(230314) -- TRIPOLI (LEBANON), March 14, 2023 (Xinhua) -- A man walks past a closed bank in Tripoli, Lebanon, on March 14, 2023. The Lebanese currency on Tuesday collapsed to 100,000 Lebanese pounds (LBP) per dollar for the first time in history as the country's financial crisis and political deadlock linger on. (Photo by Khaled Habashiti/Xinhua)

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Lebanon's popular candied pumpkin sweet impacted by economic crisis

STORY: Lebanon's popular candied pumpkin sweet impacted by economic crisis DATELINE: March 11, 2023 LENGTH: 00:02:01 LOCATION: Beirut CATEGORY: ECONOMY SHOTLIST: 1. various of making pumpkin sweet 2. SOUNDBITE 1 (Arabic): OMAR ARNAOUT, Candymaker 3. various of making pumpkin sweet 4. SOUNDBITE 2 (Arabic): KHALED ARNAOUT, Candymaker 5. various of making pumpkin sweet STORYLINE: Lebanon has been witnessing the worst financial crisis in its history amid a shortage of U.S. currency reserves which caused the collapse of the Lebanese pound and a steep rise in inflation. Lebanon, especially the cities of Tripoli and Sidon, is popular for its Arabian sweets. Tourists who visit the country from all over the world are keen to try its sweets including the popular candied pumpkin or "Jazarieh." But the famous sweet was not spared from the repercussions of Lebanon's economic crisis. SOUNDBITE 1 (Arabic): OMAR ARNAOUT, Candymaker "The crisis has affected business, which has slowed down because of the dollar situation

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Lebanese focus purchases on necessities amid local currency collapse

STORY: Lebanese focus purchases on necessities amid local currency collapse DATELINE: Jan. 24, 2023 LENGTH: 00:03:44 LOCATION: Beirut CATEGORY: ECONOMY SHOTLIST: 1. various of an exchange shop 2. SOUNDBITE 1 (Arabic): AYMAN TARABAY, Local resident 3. various of a market 4. SOUNDBITE 2 (Arabic): VIVIANE AL KADI, Saleswoman at a supermarket 5. SOUNDBITE 3 (Arabic): KHALED ABOU SHAKRA, Economist STORYLINE: The collapse of the Lebanese pound weighed heavily on people's ability to buy their daily needs as a big percentage of the population is employed by the public sector and gets paid in the local currency. The Lebanese pound on Jan. 19 dropped to 50,000 per one U.S. dollar for the first time in the country's history, Elnashra news website reported. SOUNDBITE 1 (Arabic): AYMAN TARABAY, Local resident "Of course, everyone will feel the difference. For example, a person in Lebanon used to generate an income of 1.5 million Lebanese pounds which was equivalent to 1,000 U.S. dollars, now if he has 1,000 U.S. doll

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Lebanon's olive oil farmers struggle to sell amid depreciation of local currency

STORY: Lebanon's olive oil farmers struggle to sell amid depreciation of local currency DATELINE: Nov. 17, 2022 LENGTH: 00:06:21 LOCATION: Beirut CATEGORY: SOCIETY SHOTLIST: 1. various of olive trees in Chouf, Mount Lebanon 2. various of farmers picking and sorting olives 3. various of the oil milling plant 4. SOUNDBITE 1 (Arabic): SALAH FAHD GHANNAM, Oil milling plant owner 5. SOUNDBITE 2 (Arabic): SAYYED CHARBEL ISSA, Farmer 6. SOUNDBITE 3 (Arabic): SALAH FAHD GHANNAM, Oil milling plant owner 7. various of the oil milling plant STORYLINE: Lebanon's steep financial crisis and the collapse of the local currency have led to a rise in olive oil prices and made selling for Lebanese farmers even harder. Salah Fahd Ghannam, owner of an oil milling plant, told Xinhua that oil milling plants have been unable to sell their products as most of those who consume olive oil are people employed by the public sector and their salaries are paid in the depreciating Lebanese currency. Lebanon has been going through an un

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LEBANON-TRIPOLI-EID AL-ADHA-FINANCIAL CRISIS

(220710) -- TRIPOLI (LEBANON), July 10, 2022 (Xinhua) -- Children spend time in a neighborhood during the Eid al-Adha holiday in Tripoli, Lebanon, on July 10, 2022. Celebrating Eid al-Adha this year in the traditional ways has become a vain hope for many Muslims in Lebanon, where the financial crisis and the collapse of the local currency plunged the majority of the population into poverty. (Photo by Khaled Habashiti/Xinhua) TO GO WITH Feature: Lebanon's steep crisis deprives people of joyous celebrations in Eid al-Adha

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LEBANON-TRIPOLI-EID AL-ADHA-FINANCIAL CRISIS

(220710) -- TRIPOLI (LEBANON), July 10, 2022 (Xinhua) -- People line up to buy bread at a bakery during the Eid al-Adha holiday in Tripoli, Lebanon, on July 10, 2022. Celebrating Eid al-Adha this year in the traditional ways has become a vain hope for many Muslims in Lebanon, where the financial crisis and the collapse of the local currency plunged the majority of the population into poverty. (Photo by Khaled Habashiti/Xinhua) TO GO WITH Feature: Lebanon's steep crisis deprives people of joyous celebrations in Eid al-Adha

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LEBANON-TRIPOLI-EID AL-ADHA-FINANCIAL CRISIS

(220710) -- TRIPOLI (LEBANON), July 10, 2022 (Xinhua) -- A woman walks past closed stores during the Eid al-Adha holiday in Tripoli, Lebanon, on July 10, 2022. Celebrating Eid al-Adha this year in the traditional ways has become a vain hope for many Muslims in Lebanon, where the financial crisis and the collapse of the local currency plunged the majority of the population into poverty. (Photo by Khaled Habashiti/Xinhua) TO GO WITH Feature: Lebanon's steep crisis deprives people of joyous celebrations in Eid al-Adha

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Lebanon's steep crisis deprives people of joyous celebrations in Eid al-Adha

STORY: Lebanon's steep crisis deprives people of joyous celebrations in Eid al-Adha DATELINE: July 10, 2022 LENGTH: 00:01:28 LOCATION: Beirut CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. SOUNDBITE 1 (Arabic): ALI ZARAZEER, Local resident 2. SOUNDBITE 2 (Arabic): MAHMOUD IBRAHIM, Local resident STORYLINE: Celebrating Eid al-Adha this year in the traditional ways has become a vain hope for many Muslims in Lebanon, where the financial crisis and the collapse of the local currency plunged the majority of the population into poverty. Families used to celebrate the three-day holiday through house gatherings, restaurant visits, gift exchanges, and relaxing at beaches. However, as many residents this year are barely capable of securing their basic necessities, the celebration almost becomes a luxury. Many Muslims also gave up the Islamic tradition of Eid sacrifice. SOUNDBITE 1 (Arabic): ALI ZARAZEER, Local resident "You went to Beirut, Tarik Jdide, Dahieh and other Islamic areas. Did you sense the atmosphere of

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Lebanese welcome Eid al-Adha amid financial crisis

STORY: Lebanese welcome Eid al-Adha amid financial crisis DATELINE: July 9, 2022 LENGTH: 00:01:57 LOCATION: Beirut CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of street views and markets 2. SOUNDBITE 1 (Arabic): MARWAN MERHEB, Lebanese citizen 3. SOUNDBITE 2 (Arabic): ZAKIA EL KHATIB, Sweets shop worker in Beirut STORYLINE: The Lebanese welcome this year's Eid al-Adha amid dire financial crisis as the collapse of the local currency has caused a huge drop in their purchasing power. SOUNDBITE 1 (Arabic): MARWAN MERHEB, Lebanese citizen "In the midst of the economic, financial and living situation, the Lebanese try to grab opportunities that make their holiday better. In the midst of these conditions, the Lebanese love to be happy and to smile and they can adapt to the reality. But this year's holiday is not a happy occasion for the Lebanese population." Eid al-Adha, or the Feast of Sacrifice, is one of the most anticipated celebrations in the Muslim world. The dire economic situation in Lebanon has fo

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Lebanese voters express mixed feeling on upcoming parliamentary elections

STORY: Lebanese voters express mixed feeling on upcoming parliamentary elections DATELINE: May 14, 2022 LENGTH: 00:04:11 LOCATION: Beirut CATEGORY: POLITICS SHOTLIST: various of BeirutSOUNDBITE 1 (Arabic): PIERRE GHOSN, Lebanese citizenvarious of BeirutSOUNDBITE 2(Chinese): ANTOINE SAKR, Lebanese citizenvarious of BeirutSOUNDBITE 3(Arabic): RABIH ZEAITER, Lebanese citizenvarious of Beirut STORYLINE: Lebanon will hold parliamentary elections on Sunday. The elections come amid an unprecedented economic crisis that emerged about three years ago, leading to the currency collapse and plunging over 70 percent of the population into poverty. Pierre Ghosn, a citizen of Ashrafieh in eastern Beirut, told Xinhua he is positive about seeing some change in the new parliament while assuring that he will vote as this is his duty. SOUNDBITE 1 (Arabic): PIERRE GHOSN, Lebanese citizen "I think there will be change if things go as planned. But this is very difficult, in my opinion, we may witness a change in only a few pe

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LEBANON-BEIRUT-MONEY-CURRECY-COLLAPSE-PROTEST

(220109) -- BEIRUT, Jan. 9, 2022 (Xinhua) -- People participate in a protest against the collapse of the national currency in front of the Central Bank "Banque du Liban" in Beirut, Lebanon, Jan. 8, 2022. (Xinhua/Bilal Jawich)

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LEBANON-BEIRUT-MONEY-CURRECY-COLLAPSE-PROTEST

(220109) -- BEIRUT, Jan. 9, 2022 (Xinhua) -- A man displays a banknote of 100,000 Lebanese pounds during a protest against the collapse of the national currency in front of the Central Bank "Banque du Liban" in Beirut, Lebanon, Jan. 8, 2022. (Xinhua/Bilal Jawich)

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LEBANON-BEIRUT-MONEY-CURRECY-COLLAPSE-PROTEST

(220109) -- BEIRUT, Jan. 9, 2022 (Xinhua) -- People participate in a protest against the collapse of the national currency in front of the Central Bank "Banque du Liban" in Beirut, Lebanon, Jan. 8, 2022. (Xinhua/Bilal Jawich)

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LEBANON-BEIRUT-MONEY-CURRECY-COLLAPSE-PROTEST

(220109) -- BEIRUT, Jan. 9, 2022 (Xinhua) -- People participate in a protest against the collapse of the national currency in front of the Central Bank "Banque du Liban" in Beirut, Lebanon, Jan. 8, 2022. (Xinhua/Bilal Jawich)