Lebanon Faces Risk of Losing Summer Season Amid Ongoing War

Hadi Soubra, the deputy head of the Lebanese Companies Association, warned that the continuation of the war in Lebanon without any serious signs of its imminent end places the country at real risk of losing the summer season and incurring further human and material losses.

In a statement, Soubra expressed deep regret over the current situation, noting that thousands of businesses that had worked hard in recent times to persist and withstand challenges—hoping to receive a lifeline during the summer season—now find themselves having lost that hope entirely, facing a reality that could force many to shut down.

He emphasized that although the Ministry of Finance's measures, including the extension of deadlines related to legal obligations, are appreciated, they are no longer sufficient to achieve their goals. This is due to private companies and institutions losing their ability to endure after more than three months since the war began. Soubra warned that this situation will lead to tens of thousands of workers exiting the labor market, highlighting that officials in the tourism sector, the most affected industry, reported that approximately 60,000 workers have already left their jobs due to the war's repercussions.

Soubra concluded by urging all concerned parties to assume their national and historical responsibilities and work toward ending the war, which would help save Lebanon, its people, and its economy.