This is Beirut 12/04 12:25 - Reading : 4 minute(s)
Iraq Iran Sanctions US economy
Every Friday, Alawi crosses the border from Iran into Iraq to sell his produce in the markets of Basra, which serve as a haven for Iranians grappling with economic sanctions. He is just one of many Iranian peddlers who endure the arduous journey into southern Iraq through the Chalamja border crossing. They bring essential goods such as chicken, ...
Liliane Mokbel 12/04 12:00 - Reading : 1 minute(s)
lebanon Gold exports imports dollars
The demand for precious metals in Lebanon continues to grow. According to data from the Economic Studies Center of the Beirut and Mount Lebanon Chamber of Commerce, Industry and Agriculture (CCIAB), imports of precious metals (customs classification) reached $2.572 billion in 2024, marking an increase of $46 million compared to the previous ...
This Is Beirut 12/04 10:55 - Reading : 1 minute(s)
EDL electricity outage Deir Ammar
The power supply is steadily being restored. According to sources at Électricité du Liban (EDL), Lebanon’s public power provider, the breakdown at the Deir Ammar thermal power plant—which had caused a temporary shutdown of production units—has been repaired. The same sources said the plants were reconnected to the grid at around 2:30 AM, ...
Christiane Tager 11/04 20:35 - Reading : 2 minute(s)
Since the beginning of March, the euro has enjoyed a notable resurgence on the markets. After a somewhat sluggish start to the year, the single currency has regained strength, trading around 1.14 US dollars on Friday — a rise of over 5%. An explainable performance that intrigues some, reassures others, and worries a few. Who would have thought ...
This is Beirut 11/04 19:55 - Reading : 4 minute(s)
Donald Trump Banks New York United Kingdom US Treasury
Investors dumped US government bonds, the dollar tumbled and stocks seesawed Friday, capping a volatile week as President Donald Trump's unpredictable tariff policy rattled market confidence. Trump triggered a massive market sell-off last week by announcing universal tariffs, and this week he sparked a huge but short-lived rally by pausing higher ...
Liliane Mokbel 11/04 19:15 - Reading : 3 minute(s)
Gold Silver International Markets
The gold rush is now mirrored by a growing fervor for silver. Investors are increasingly flocking to precious metals as safe havens amidst global economic uncertainty. This shift is unfolding in the context of persistent volatility driven by US President Donald Trump’s unpredictable trade policies, highlighted by his announcement on Wednesday of ...
This is Beirut 11/04 18:55 - Reading : 2 minute(s)
Over the past year, Lebanon’s agricultural sector has suffered massive losses estimated at more than $700 million, according to a joint assessment by the Food and Agriculture Organization (FAO), the Ministry of Agriculture, and the National Council for Scientific Research (CNRS). A report by the FAO presents an initial overview of the damage ...
This is Beirut 11/04 18:50 - Reading : 1 minute(s)
economy lebanon finance minister
Finance Minister Yassine Jaber stated that reforms are above all a national necessity, rather than merely a condition imposed by the international community. He made these remarks during a meeting held on Friday with a delegation from the European Bank for Reconstruction and Development (EBRD), led by Vice President Matteo Patrone. The minister ...
This is Beirut 11/04 18:15 - Reading : 1 minute(s)
Labor Minister Mohammad Haidar on Friday led a key meeting of the Ministry of Labor’s Price Index Committee to discuss the salaries and allowances of private sector employees. Regarding retirement, Haidar recalled the adoption last November of a new law establishing a retirement and social protection system. He stated that the ...
This is Beirut 11/04 09:05 - Reading : 4 minute(s)
Donald Trump dollar Washington
The dollar tumbled with most stocks while gold hit a fresh record high as panic gripped markets again on Friday, while China retaliated against Donald Trump's latest tariff blitz against the world's number two economy. The US president's decision to delay crippling duties for 90 days sparked a frenzied scramble for equities that had ...
Christiane Tager 10/04 21:35 - Reading : 4 minute(s)
Donald Trump Europe United States China Tarifs
After 15 hours of market instability, US President Donald Trump put the brakes on his tariff measures. But China remains firmly in the crosshairs of the US president, now facing increased tariffs. Why such a rapid backpedal? Here’s a breakdown of this "pause on tariffs that lasted barely the blink of an eye." On Wednesday morning, global ...
Liliane Mokbel 10/04 20:15 - Reading : 3 minute(s)
Lebanon Law on old rental agreements
The issue of former tenants of residential properties remains stalled. While waiting for a resolution, it is the property owners who are bearing the brunt of this paralysis, penalized by a poorly defined law on old rental agreements. Facing the deadline for the liberalization of residential leases, many former tenants are turning to the courts to ...