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Economy, Services

Lebanese government, slow recovery, casinos, civil war, banking

Before the civil war erupted in 1975, domestic, foreign, and transit trade (the re-export of products manufactured outside Lebanon but distributed through it) stimulated prosperity; these forms of trade have begun to revive since the war. Financial services such as banking, investment, and insurance—significant before the war—have also begun a slow recovery. Tourists, who support an industry of hotels, restaurants, casinos, and nightclubs, are attracted to Lebanon’s scenery, climate, historical sites, and cultural activities. Before 1975 an estimated 550,000 tourists visited Lebanon annually. In 2000, there were about 742,000 visitors, mostly from Europe, the Middle East, and the Americas. In 1987 the United States government restricted its citizens from entering Lebanon due to Islamic militant activity; the United States lifted the travel ban in 1997 after the Lebanese government pledged to boost efforts against terrorism. Superior educational and medical facilities attract thousands of clients and also add an important service element.



Article key phrases:

Lebanese government, slow recovery, casinos, civil war, banking, prosperity, United States government, citizens, Tourists, cultural activities, medical facilities, historical sites, nightclubs, climate, Americas, restaurants, insurance, terrorism, Financial services, travel, investment, Middle East, Europe, visitors, efforts

 
 

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