This is Beirut 21/11 12:20 - Reading : 3 minute(s)
Banks New York USA Tech AI Bubble
Tech firms led stock losses on Friday as investors struggled to shake off fears about an AI bubble, and after a sell-off on Wall Street sparked by job data dealt a further blow to hopes for a US interest rate cut. A blockbuster earnings report from chip bellwether Nvidia on Wednesday seemed to settle nerves that vast investments in the artificial ...
This is Beirut 20/11 12:05 - Reading : 2 minute(s)
USA Saudi Arabia Nvidia Humain AI
Saudi Arabia's state-backed artificial intelligence firm Humain has announced a new partnership with Nvidia, as US officials cleared the way for the sale of advanced microchips to the Gulf kingdom. The announcement came as Crown Prince Mohammed bin Salman visited Washington this week, where the heir to the Saudi throne secured a deal to purchase ...
This is Beirut 20/11 09:50 - Reading : 3 minute(s)
Shoppers could face higher prices for phones, laptops, and other gadgets next year, manufacturers and analysts warn, as AI data centers hoover up memory chips used in consumer electronics. The world's biggest tech companies are plowing head-spinningly huge sums into building the hardware that powers artificial intelligence tools like ...
This is Beirut 19/11 15:15 - Reading : 3 minute(s)
A cautiously tense meeting brought together Finance Minister Yassine Jaber and a delegation from the Association of Banks in Lebanon (ABL), dedicated to discussing the points related to the Financial Gap Law. The talks focused on how the banks, the Lebanese state, and the Central Bank would handle the existing gap and on reassessing the banks’ ...
Liliane Mokbel 19/11 13:50 - Reading : 4 minute(s)
Hezbollah Lebanon US Treasury Digital Dollar Cryptocurrency USDT
Hezbollah’s financing continues to raise serious concerns. A clash is unfolding between international law and the militia, which is using multiple strategies to protect its resources. According to several sources, the group has even turned to digital dollars, particularly Tether, to secure its financial survival. Last week, a US Treasury ...
This is Beirut 19/11 09:40 - Reading : 3 minute(s)
Donald Trump United States Bitcoin Value Economy
What Has Caused the Latest Price Drop? Prior to the recent slump, Bitcoin broke a series of record highs in the wake of Donald Trump's return to the White House. The US president came out strongly in favor of cryptocurrencies before his re-election, and has continued to do so. Bitcoin first surpassed $100,000 in May before reaching its latest ...
This is Beirut 18/11 12:15 - Reading : 2 minute(s)
United States Google AI Bubble Alphabet
The head of Google's parent company, Alphabet, warned that every company would be impacted if the AI bubble were to burst, in an interview to the BBC. Sundai Pichai acknowledged there was "irrationality" behind the boom in artificial intelligence investment, which has fueled a tech rally this year. But fears that the AI bubble could burst have ...
This is Beirut 18/11 11:00 - Reading : 1 minute(s)
Low-cost airline flydubai announced an order for 150 Airbus A321neo jets on Tuesday, more than doubling its fleet as it pursues an aggressive expansion plan. The Emirati company's first Airbus order is an "exciting step in expanding and diversifying our fleet", chairman Sheikh Ahmed bin Saeed Al Maktoum told a press conference at the Dubai ...
Liliane Mokbel 17/11 20:35 - Reading : 3 minute(s)
Lebanon Saudi Arabia Bahrain Gulf Kuwait Trade
Signs of warning relations between Lebanon and Saudi Arabia are becoming increasingly evident. Many see it as long overdue for Lebanon to reclaim its place within its natural sphere: the Arab world. On Monday, Prince Yazid bin Farhan, advisor to the Saudi Foreign Minister, visited Beirut with a technical delegation. The visit aimed to explore ...
Liliane Mokbel 17/11 15:30 - Reading : less than a minute
Byblos Bank chief economist Nassib Ghobril answers This is Beirut’s questions about the consequences of the systemic crisis.
This is Beirut 17/11 11:25 - Reading : less than a minute
Emirates ordered 65 Boeing 777X planes in a deal worth $38 billion on Monday, delivering a boost to the US manufacturer on day one of the Dubai Airshow. Deliveries are expected to start from the second quarter of 2027 under the deal, which also includes 130 GE9X engines from General Electric. "It's a long-term commitment that supports hundreds ...
Liliane Mokbel 15/11 15:00 - Reading : 1 minute(s)
Banks United Arab Emirates United Nations
According to World Population Review, the cost of electricity in Lebanon stands at $0.137 per kilowatt-hour (kWh). This makes the country the most expensive in the region and ranks it 74th worldwide out of 146 countries analyzed. In the region, Morocco follows with $0.121/kWh (86th), Jordan with $0.090/kWh (99th), the United Arab Emirates with ...