Every single business in Beirut has been affected by yesterday's deadly blast, Lebanon's Economy Minister Raoul Nehme said.
“There is not one apartment in Beirut that wasn’t impacted, not one businesses that wasn’t impacted – whether the storefront of the goods” he said.
”The impact on the economy is massive and the port has been practically erased,” Nehme told CNBC Arabia in an interview Wednesday, adding it was too soon to fully gauge the scale of the damage on the economy.
“No one can know the numbers right now. One billion [dollars], two billion, three, five, ten – we can’t know. It’s too soon. But it’s very high and more than our capacity,” he added.
He said the government’s priority was to secure people’s basic necessities – mainly food but also supplies to help repair the extensive damage to homes and infrastructure across the city.