Lebanese Firms Back Shquir Calls

The article focused on the Lebanese Business Gatherings' warnings about the deterioration of Lebanon's economy, where they expressed support for the positions of Minister of Economy Muhammad Shuqeir, who warned of the risk of a major economic collapse. The statement indicated that economic activity has declined by approximately 35%, commercial movement has decreased by 40%, and the tourism sector by 50%, along with the deterioration of key sectors such as trade, industry, and tourism. The figures confirmed that indicators foreshadow further decline, driven by factors such as the Gulf war and Israeli assaults. The call was made to officials to swiftly implement support measures for institutions and companies to ensure economic and social stability in Lebanon.

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