With attention focused on another corner of the Arab world, it is easy to forget the political crisis in the Lebanon.
So a reminder from Moody’s on Monday that last week’s government collapse would hit the local economy is salutory. Moody’s warned economic growth may slow and bring losses at the country’s banks.
But investors aren’t panicking. Years of conflict has produced a remarkably resilient economy. And prudent policies have helped accumulate $30bn of foreign currency reserves – among the world’s largest on a per capita basis.