Liliane Mokbel 13:00 - Reading : less than a minute
Today, 335 telecom sites in Lebanon run on solar energy, offering a lifeline to a network long weakened by power cuts. Switching to clean energy reduces reliance on diesel generators, cuts costs, and most importantly, ensures a more stable Internet for everyone. This transformation was made possible thanks to a donation from China, according to ...
This is Beirut 03/12 15:15 - Reading : less than a minute
Lebanon Ibrahim Kanaan Budget 2025 Finance and Budget Committee
Following a Finance and Budget Committee meeting on Wednesday, its chairman, MP Ibrahim Kanaan, issued sharp warnings over the state’s continued failure to produce audited financial accounts, describing this as a “clear constitutional violation” of Article 87. Kanaan stressed that Lebanese citizens are required to submit their accounts for ...
Liliane Mokbel 27/11 15:10 - Reading : less than a minute
The State must acknowledge its main share of responsibility in the crisis. Yet nothing suggests it is ready to do so. The political class opposes it, and the plan supported by the IMF also seeks to absolve those responsible at the expense of depositors.
Hala Abdallah 26/11 09:30 - Reading : less than a minute
As Lebanon prepares for Pope Leo XIV, businesses are hopeful and hotels are offering discounts, but security fears continue to shape expectations.
This is Beirut 25/11 11:00 - Reading : 1 minute(s)
Lebanon Economy Banks Nawaf Salam
This Is Beirut has learned that the legal committee tasked by Prime Minister Nawaf Salam—in coordination with Finance Minister Yassine Jaber—with drafting the financial gap law is composed of a three-member team operating within the orbit of the Kulluna Irada organization. The committee includes attorney Ali Zbib, Judge Rana Al-Akkoum, ...
Salam El Zaatari 22/11 15:30 - Reading : 6 minute(s)
Lebanon Economy Cash Hezbollah
Lebanon finds itself in a paradox. While its broader economy is collapsing, the food-and-beverage (F&B) sector is showing surprising vitality. It may look like a feel-good tale of resilience, but in fact it reveals one of the greatest structural threats to Lebanon’s recovery: a cash-based economy that undermines transparency, fuels illicit ...
Liliane Mokbel 22/11 14:00 - Reading : 1 minute(s)
The Civil Service Council has proposed an unprecedented plan: cutting 5,600 positions from the 28,000 currently in the public administration. This 20 percent reduction is described as essential to modernize a state apparatus that has become heavy, costly, and ill-suited to current needs. Most of the positions targeted are already vacant or ...
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 ...