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Lebanon's creatives face war pressure and Gulf funding decline
The article discusses the deterioration of financial relations and creative opportunities in Lebanon as a result of the ongoing regional war lasting more than six months. In particular, it highlights the link to the decline in Gulf funding, which had been a main source of support for the creative sector, including fashion design, advertising, and communication sciences. The reduction in funding has led to project delays, decreased payments, layoffs, and a significant drop in income for academies and creative establishments. Additionally, the general economic situation in Lebanon is affected, as many Lebanese rely on financial remittances from the Gulf to support their families. There are forecasts of an economic recession in Gulf countries this year, followed by a return to growth in 2027. Reports indicate that this crisis is causing a substantial decline in corporate revenues and advertising consultancy operations, along with overdue payments and project management difficulties, which threaten the overall sustainability of the Lebanese creative sector.
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