Liliane Mokbel 01/11 14:30 - Reading : 1 minute(s)
Every year, the Lebanese state spends 135 million dollars to house its ministries, administrations, and public institutions in rented buildings across the country. This astronomical sum could have been largely saved. With better management of public finances, successive governments could have grouped several ministries under one roof, as is the ...
Christiane Tager 31/10 12:15 - Reading : 3 minute(s)
In Lebanon, industry remains both a social buffer and a key provider of foreign currency. Yet its macroeconomic footprint has shrunk, reflecting an economy battered by currency collapse, weak domestic demand, and high energy costs. Caught between export momentum and fragile profit margins, the “made-in-Lebanon machine” moves forward ...
This is Beirut 31/10 09:30 - Reading : 2 minute(s)
New York Washington Apple iPhone
Asian stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon. Investor confidence in artificial intelligence has fuelled a rally in global stock markets this week that saw California-based chip designer Nvidia become the first-ever $5 ...
This is Beirut 30/10 16:15 - Reading : 2 minute(s)
EDL lebanon Joe Saddi Iraq Dubai South Lebanon
Energy and Water Minister Joe Saddi defended his ministry’s energy policy, stressing that Lebanon “has nothing to hide” and is working to stabilize electricity production despite severe financial and technical constraints. In an interview with LBCI, Saddi said that public institutions in the South, including Electricity of Lebanon (EDL) and ...
This is Beirut 30/10 11:20 - Reading : less than a minute
Dollars Artificial intelligence AI Nvidia
Artificial intelligence (AI) continues to push the limits – literally. On Wednesday, Nvidia became the first company in the world to surpass $5 trillion in market capitalization, a historical record cementing its dominance in the semiconductor industry. Once a simple graphics card manufacturer, Nvidia has become a cornerstone of the AI ...
This is Beirut 30/10 11:20 - Reading : less than a minute
Europe Lebanon Beirut Tourism Flights Eurowings
Good news for Lebanese travelers: the German airline Eurowings, a subsidiary of the Lufthansa Group, is expanding its network from Beirut with two new direct routes to Prague and Salzburg. Based in Düsseldorf, the low-cost carrier already operates flights to Berlin, Düsseldorf, and Stockholm. This expansion marks another step in the recovery of ...
This is Beirut 30/10 09:25 - Reading : 2 minute(s)
Israel USA Gold Jewelry Interest
Demand for gold hit a record high in the third quarter as the precious metal's price hit all-time highs on geopolitical unrest, industry data showed Thursday. Total demand grew three percent year-on-year in the July-September period to 1,313 tonnes, the World Gold Council said, as the metal, perceived as a safe haven investment, benefitted from ...
Christiane Tager 29/10 21:50 - Reading : 3 minute(s)
Donald Trump United States China Asia
From Handshakes to Deals: Trump Reshapes Asia’s Trade World Christiane Tager During a visit to Asia, Donald Trump traded speeches for deals. In Gyeongju, South Korea, the former U.S. president sealed a major trade agreement with Seoul, one that extends beyond economics and is already sending shivers through global markets, from gold to the ...
This is Beirut 29/10 13:20 - Reading : 1 minute(s)
USA China Copper Economy Trade
The price of copper reached a record high in trading Wednesday, the industrial metal boosted by hopes of a truce in the US-China trade war. Copper hit $11,143 a tonne on the London Metal Exchange, also on concerns about tight global supply as a major mine in Indonesia remains shut following a deadly mudslide last month. The new high beat the ...
This is Beirut 29/10 12:50 - Reading : less than a minute
New York Elon Musk United States SpaceX Hyperloop
Elon Musk continues to push the boundaries of engineering. According to The Economic Times, the founder of SpaceX has revealed new details about his ambitious project for an underwater tunnel connecting New York to London in just 48 minutes using Hyperloop technology. The concept is based on magnetic levitation trains propelled through vacuum ...
Christiane Tager 29/10 10:00 - Reading : 3 minute(s)
Banks International Monetary Fund
Since early September, queues at gas stations in Bamako have been endlessly growing. The jihadist group JNIM (Jamaʿat Nuṣrat al-Islam wal-Muslimin) has blocked fuel convoys from Senegal and Côte d’Ivoire, destroying nearly 100 tanker trucks, according to the Associated Press (AP). As a landlocked country, Mali relies on imports for more ...
Liliane Mokbel 29/10 09:00 - Reading : 3 minute(s)
Lebanese insurance companies have long been active in the Syrian market, establishing a presence decades ago when Hafez al-Assad’s regime opened the door to private sector activity. However, international sanctions forced most to withdraw, as the market became too risky. Today, any move to re-enter Syria is considered premature, according to a ...