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Lebanese fishermen struggle amid ongoing Israeli attacks

China

China

China

Lebanese fishermen struggle amid ongoing Israeli attacks

2024-10-16 22:03 Last Updated At:22:47

Fishermen in the city of Sidon in southern Lebanon have seen their livelihoods severely impacted due to the Israeli attacks, which have disrupted their daily operation of fishing.

Sidon is situated along the Mediterranean coast. Despite being the farthest from the country's borders, it has not been spared from Israeli airstrikes.

Fishing represents a vital source of income for many residents, with small boats often seen anchored along the coast.

"I left school at 16 and took over the job from my father. Fishing runs in my family, and I love it more than studying. I still fish today. I have three children, two girls aged 21 and 10 and a boy aged 20. They are all in school," said Rabie Sonbol, a local fisherman.

Fishing is the only source of income for Sonbol and over 200 residents in this small port city.

When Israel escalated its offensive on Lebanon, the Lebanese army gave orders prohibiting fishing activities.

As Sonbol and his fellow fishermen are not allowed to sail, they lose money every day while their boats lay idle.

"This is a very difficult time for us without work, as we have no insurance or social benefits. Our income relies solely on fishing. We also have daily expenses to maintain our boats, equipment and nets," he said.

Local markets that once thrived with fishermen, sellers, and customers purchasing fish daily are now deserted completely. Only cobwebs inhabit the place.

Fishermen have sought assistance from their syndicate, but the syndicate's chief said he has exhausted all avenues without success.

"We take orders from the Lebanese Army. If they say stop, we stop. The army gives us permission cards for fishing and prioritizes our safety. We are under their command and totally support them. What can the syndicate do? We went there and it's empty. The taxes and fees are so high that we can't work here. We want the government to help us, treat us like the displaced. They are given money and food. We should, too," said Mohamed Bojy, chief of Sidon Fishermen Syndicate.

Lebanese fishermen struggle amid ongoing Israeli attacks

Lebanese fishermen struggle amid ongoing Israeli attacks

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China's finance ministry issues additional 8 bln yuan treasury bonds in HK

2024-10-16 22:20 Last Updated At:22:37

China's Ministry of Finance (MOF) issued yuan-denominated treasury bonds worth eight billion yuan (about 1.12 billion U.S. dollars) targeting institutional investors in Hong Kong on Thursday.

The issuance, the fifth tranche of this year, was well received by investors with the total bid amount 3.61 times the amount in circulation, the ministry said in a statement.

It included three billion yuan of two-year bonds, priced at 100.63 yuan with an interest rate of 1.75 percent; three billion yuan of three-year bonds, priced at 101.01 yuan with an interest rate of 1.85 percent; and two billion yuan of five-year bonds, priced at 101.72 yuan with an interest rate of 1.98 percent, according to the ministry.

The MOF plans to issue a total of 55 billion yuan (about 7.8 billion U.S. dollars) in RMB-denominated treasury bonds in six tranches in the Hong Kong Special Administrative Region this year, as part of the efforts to bolster the city's role as an influential global financial hub.

China's finance ministry issues additional 8 bln yuan treasury bonds in HK

China's finance ministry issues additional 8 bln yuan treasury bonds in HK

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