Lebanon, officially known as the Lebanese Republic, is a country in the Levant region of Western Asia, and the transcontinental region of the Middle East. It is bordered by Syria to the north and east and Israel to the south, while Cyprus lies west across the Mediterranean
Capital: Beirut
President: Michel Aoun
Population:5,261,372 (July 2021 est.)
Languages
Arabic (official), French, English, Armenian
Religions
Muslim 61.1% (30.6% Sunni, 30.5% Shia, smaller percentages of Alawites and Ismailis), Christian 33.7% (Maronite Catholics are the largest Christian group), Druze 5.2%, very small numbers of Jews, Baha'is, Buddhists, and Hindus (2018 est.)
Lebanon has a free-market economy and a strong laissez-faire commercial tradition. The government does not restrict foreign investment; however, the investment climate suffers from red tape, corruption, arbitrary licensing decisions, complex customs procedures, high taxes, tariffs, and fees, archaic legislation, and inadequate intellectual property rights protection. The Lebanese economy is service-oriented; main growth sectors include banking and tourism.
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