Children in a makeshift camp for Syrian refugees in Talhayat, northern Lebanon. AFP
Children in a makeshift camp for Syrian refugees in Talhayat, northern Lebanon. AFP
Children in a makeshift camp for Syrian refugees in Talhayat, northern Lebanon. AFP
Children in a makeshift camp for Syrian refugees in Talhayat, northern Lebanon. AFP

Eligible Syrian refugees in Lebanon to receive aid in dollars


Nada Homsi
  • English
  • Arabic

Syrian refugees in Lebanon who are eligible for cash assistance will be able to withdraw money in US dollars by the end of May, the UN High Commissioner for Refugees announced on Wednesday.

The change in cash assistance for Syrian refugees was made to match similar assistance programmes that provide cash aid to support Palestinian refugees and economically vulnerable Lebanese citizens in dollars rather than the rapidly devaluing Lebanese pound.

“As of the end of May, refugees will be able to redeem their cash assistance in both currencies,” said UNHCR spokeswoman Lisa Abu Khaled. “Therefore, the option of retrieving cash assistance in Lebanese pounds will still be available.”

The change to dual currency withdrawal will allow Syrian refugees in the economically deteriorating country to bypass the rapid depreciation of Lebanon’s unstable currency, which has lost over 98 per cent of its value since 2019.

Eligible Syrian refugee families will now be able to receive a maximum of $125 per month in cash assistance from UNHCR and the World Food Programme, although most families receive only partial assistance.

“Cash assistance provided to vulnerable persons in Lebanon, both Lebanese and refugees, should reflect the increasingly deteriorating situation with a view to ensure that minimum survival standards are fulfilled,” Ms Abu Khaled said.

She said the UNHCR faced operational challenges in obtaining large quantities of Lebanese bank notes. One dollar is worth about 94,000 Lebanese pounds and Lebanon’s largest denomination is a 100,000 pound banknote. Before the country's economic crisis began in 2019, the Lebanese pound was pegged at 1,507 to the dollar.

“The United Nations consulted with relevant counterparts on a sustainable solution to ensure that assistance provided to refugees remains effective and the delivery manageable. During these consultations, it became clear that the most appropriate solution under the current circumstances will be to enable refugees to redeem their cash assistance either in USD or Lebanese pounds,” Ms Abu Khaled said.

Syrian refugees who qualified for the needs-based assistance previously received 2,500,000 Lebanese pounds, or about $25, from UNHCR, while the WFP provided eligible families with 1,100,000 Lebanese pounds (around $11) per person for up to five people.

This meant that the maximum that a family of five could receive in assistance was about $80. When handed out in the local currency, the aid was susceptible to significant devaluation.

This change would mark the first time that Syrian refugees receive cash assistance in dollars since Lebanon’s economic crisis began in 2019, contrary to popular belief.

Lebanon has hosted Syrian refugees, currently estimated at around a million to 1.5 million, since war broke out in neighbouring Syria in 2011. The small Mediterranean country hosts the largest number of refugees in the world, per capita.

Its infrastructure and services, already failing, have been further strained by the population increase.

Syrian refugees have been met with greater hostility since the onset of the economic crisis because of the perception that Lebanese nationals must compete with Syrians for resources and that refugees are provided large amounts of cash assistance from humanitarian organisations.

This perception has largely been driven by political scapegoating as Lebanon’s political class seeks to deflect from the country’s financial crash.

With the Syrian government now back in control of most of Syria, calls have intensified in crisis-hit Lebanon for refugees to return home. But international rights groups have documented cases of torture and extreme abuse among refugees that have returned, insisting that Syria is not safe for return.

UAE%20SQUAD
%3Cp%3E%0DJemma%20Eley%2C%20Maria%20Michailidou%2C%20Molly%20Fuller%2C%20Chloe%20Andrews%20(of%20Dubai%20College)%2C%20Eliza%20Petricola%2C%20Holly%20Guerin%2C%20Yasmin%20Craig%2C%20Caitlin%20Gowdy%20(Dubai%20English%20Speaking%20College)%2C%20Claire%20Janssen%2C%20Cristiana%20Morall%20(Jumeirah%20English%20Speaking%20School)%2C%20Tessa%20Mies%20(Jebel%20Ali%20School)%2C%20Mila%20Morgan%20(Cranleigh%20Abu%20Dhabi).%3C%2Fp%3E%0A
MATCH INFO

World Cup 2022 qualifier

UAE v Indonesia, Thursday, 8pm

Venue: Al Maktoum Stadium, Dubai

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RESULT

Deportivo La Coruna 2 Barcelona 4
Deportivo:
Perez (39'), Colak (63')
Barcelona: Coutinho (6'), Messi (37', 81', 84')

Company name: Farmin

Date started: March 2019

Founder: Dr Ali Al Hammadi 

Based: Abu Dhabi

Sector: AgriTech

Initial investment: None to date

Partners/Incubators: UAE Space Agency/Krypto Labs 

UAE currency: the story behind the money in your pockets
JAPANESE GRAND PRIX INFO

Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday 

Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

THE SPECS

Engine: AMG-enhanced 3.0L inline-6 turbo with EQ Boost and electric auxiliary compressor

Transmission: nine-speed automatic

Power: 429hp

Torque: 520Nm​​​​​​​

Price: Dh360,200 (starting)

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

RESULTS

5pm Maiden (PA) Dh80,000 (Turf) 1,600m

Winner Thabet Al Reef, Bernardo Pinheiro (jockey), Abdallah Al Hammadi (trainer)

5.30pm Handicap (PA) Dh80,000 (T) 1,600m

Winner Blue Diamond, Pat Cosgrave, Abdallah Al Hammadi

6pm Arabian Triple Crown Round-1 Listed (PA) Dh230,000 (T) 1,600m

Winner Hameem, Adrie de Vries, Abdallah Al Hammadi

6.30pm Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,400m

Winner Shoja’A Muscat, Szczepan Mazur, Ibrahim Al Hadhrami

7pm Maiden (PA) Dh80,000 (T) 1,200m

Winner Heros De Lagarde, Szczepan Mazur, Ibrahim Al Hadhrami

7.30pm Handicap (TB) Dh100,000 (T) 2,400m

Winner Good Tidings, Antonio Fresu, Musabah Al Muhairi

COMPANY%20PROFILE
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COMPANY%20PROFILE
%3Cp%3E%0D%3Cbr%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EClara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EPatrick%20Rogers%2C%20Lee%20McMahon%2C%20Arthur%20Guest%2C%20Ahmed%20Arif%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ELegalTech%0D%3Cbr%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%244%20million%20of%20seed%20financing%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EWamda%20Capital%2C%20Shorooq%20Partners%2C%20Techstars%2C%20500%20Global%2C%20OTF%2C%20Venture%20Souq%2C%20Knuru%20Capital%2C%20Plug%20and%20Play%20and%20The%20LegalTech%20Fund%3C%2Fp%3E%0A
The specs: 2018 Volkswagen Teramont

Price, base / as tested Dh137,000 / Dh189,950

Engine 3.6-litre V6

Gearbox Eight-speed automatic

Power 280hp @ 6,200rpm

Torque 360Nm @ 2,750rpm

Fuel economy, combined 11.7L / 100km

Updated: May 24, 2023, 3:54 PM