Iran-backed Hezbollah Opens a Supermarket
Newsrael News Desk 12.04.2021
Iran-backed Hezbollah has officially launched a supermarket chain in Lebanon called al-Sajad to provide cheap products to its supporters as part of plans that critics say are designed to develop another parallel economy of its own.
Hezbollah supporters celebrated the opening of al-Sajjad cooperatives, where they shared photos of the launch of the first branch near the airport, calling for "focusing on the term branch," referring to the series of supermarkets that opened.
Lebanon is experiencing an unprecedented economic crisis caused by decades of corruption and mismanagement due to the instability caused by the country’s sectoral political system. The crisis was exacerbated by the Coronavirus epidemic and a huge explosion in the port of Beirut last August that left 300,000 displaced, more than 2,000 injured, and at least 200 dead.
The crisis has caused a 10-fold drop in the Lebanese currency, putting nearly half of the population below the poverty line, according to the World Bank.
Hezbollah opponents criticized the establishment of the supermarket, saying the terrorist organization "needed to work with its parliamentary majority and the Lebanese government to establish an aid program for all Lebanese in order to minimize the consequences of the economic crisis they caused."
Hezbollah, which has distributed al-Sajad cards to tens of thousands of people, brings customers to shopping malls to maintain cash flow in its controlled business environment.
By entering the supermarket business, Hezbollah will attract consumers who will inevitably buy from those stores that receive their own brand with prepaid tickets.
Source: Nziv
🇮🇱 IF YOU LOVE ISRAEL - SHARE NEWSRAEL! 🇮🇱
Did you find this article interesting?