For Muslims across the world, Eid Al Adha festivities are synonymous with a lavish meal of home-cooked mutton.
But this year, many Lebanese will have to forgo meat altogether. Prices have soared in the past months and their purchasing power has plummeted.
“Eid? There is no Eid this year,” said the lone client at a butcher shop in Saida, in the south of the country. “I used to buy seven or eight kilos of meat that would last me two weeks. Now, I buy the same amount for one month.”
The price of mutton has more than quadrupled, from 7,000 Lebanese pounds a kilo to 33,000 Lebanese pounds, said the shop's owner, Muhammad Al Jamal.
As hyperinflation hits the country, basic goods have become unaffordable.
The local currency has crashed in a country that imports nearly everything it consumes. Meat, like baby milk or spare car parts, must be bought with dollars purchased on the black market, driving up prices. But salaries have not changed.
A sheep to slaughter for Eid now costs more than twice the monthly minimum wage, or 1.6 million Lebanese pounds.
“I have lost 70 per cent of my customers,” said Mr Al Jamal, who pulled out his mobile phone to show a video of an empty slaughterhouse in Saida shot one month ago. “Around 15 sheep and 40 cows would be slaughtered there a day. Look, there is nothing now,” he said.
To limit the spread of Covid-19, authorities implemented a five-day shutdown during Eid Al Adha, compounding the general feeling of hopelessness. “We will stay at home like poor people,” said Mr Al Jamal’s client, a father of two.
Half an hour south of Saida, in the city of Nabatieh, hundreds of people queued for free mutton and rice on Thursday.
“The last time I ate meat was five months ago,” said one woman, who declined to give her name, as she left with two kilos of mutton that she said she would freeze and cook in small portions to last her an entire month. “I can’t afford it, even at half price.”
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Eid Al Adha around the world
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During the last Ramadan, a local NGO, Nabatieh First Aid, set up a tent in the city centre for people to buy half-price meat and vegetables every Sunday.
Volunteers selected 320 local families with an income lower than 350,000 Lebanese pounds a month to benefit from the discounted market which continued to operate after Ramadan. Goods were given away for free for Eid Al Adha.
“We help as much as we can, but of course, the need is greater than our capacities,” said Mahdi Sadek, a volunteer at Nabatieh First Aid, which is supported by private donations and is not politically affiliated. At the tent’s entrance, a desperate man waited, hoping that someone would give him medicine for his diabetic son even though the NGO distributes only food.
Salma Salloum, a 50-year-old pharmacy employee, told The National she could barely make ends meet for her family of three with her monthly salary of 700,000 Lebanese pounds. "I stopped buying meat from butchers when prices started going up," she said. "My salary is not enough to pay for electricity, water, and the private generator."
To have electricity round the clock, Lebanese households must subscribe to a private neighbourhood generator. Their charges have doubled recently because of a diesel shortage. Daily power cuts were the norm before the crisis, but they have increased to more than 20 hours a day.
“This is the first year that I cannot buy meat. Before, our salaries were sufficient. The dollar was at 1,500,” said Ali Chahrour, an employee at a local mosque, referring to the pound’s official peg to the American currency. For 22 years, it allowed the Lebanese to enjoy strong purchasing power. The remains in place officially but is rarely used in everyday life.
“Unfortunately, our officials stole from us,” Mr Chahrour said, echoing an oft-heard criticism of the Lebanon’s politicians. Although the economic situation is worsening by the day, the government has been unable to implement anti-corruption reforms that are demanded by the International Monetary Fund in exchange for a bailout.
“If they stay in power, our situation will worsen,” said Mr Chahrour. “We need reforms.”
Last October, hundreds of thousands of Lebanese took to the streets as the first cracks in the country’s economic model started to appear. For the first time, people of all religions hurled insults at the ruling political class, which has been in power for decades.
But the movement only lasted a few months. Most Shiite Muslims, who constitute roughly one third of Lebanon's population, quit protesting after a few weeks. The two parties that represent their community, Hezbollah and its ally Amal, criticised protesters. Some were offended by what they perceived as lack of respect for their leaders.
In some cities, including Nabatieh, an Amal stronghold, protesters were beaten. Activists accused supporters of the party, which did not comment on the incidents.
“I protested at the beginning, but then there were insults, and I stopped,” said Mr Chahrour. “A revolution should not be like that. It should be civilised.”
5 of the most-popular Airbnb locations in Dubai
Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:
• Dubai Marina
The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.
Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739
Two bedroom: Dh627 to Dh960
Three bedroom: Dh721 to Dh1,104
• Downtown
Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure. “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."
Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154
• City Walk
The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena. “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”
Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809
Two bedroom: Dh682 to Dh1,052
Three bedroom: Dh784 to Dh1,210
• Jumeirah Lake Towers
Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.
Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629
Two bedroom: Dh549 to Dh818
Three bedroom: Dh631 to Dh941
• Palm Jumeirah
Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.
Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770
Two bedroom: Dh654 to Dh1,002
Three bedroom: Dh752 to Dh1,152
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5