Economy

Souhaid Concludes Reform-Focused Consultations in Paris and Washington
Souhaid Concludes Reform-Focused Consultations in Paris and Washington

Central Bank Governor Karim Souhaid wrapped up a round of high-level technical consultations in Paris and Washington focused on advancing structural reforms in the banking sector, according to a statement issued by Banque du Liban (BDL). The meetings aimed to lay the groundwork for a comprehensive reform plan supported by legislative and ...

Khalaf Warns: “Comprehensive Plan Urgently Needed”
Khalaf Warns: “Comprehensive Plan Urgently Needed”

In an op-ed published ahead of the Association of Banks in Lebanon’s (ABL) monthly report, Secretary General Fadi Khalaf once again sounded the alarm, warning that the absence of a comprehensive solution remains the greatest threat to Lebanon’s economic and financial future. With the country’s systemic crisis entering its sixth year, Khalaf ...

Top Chinese Diplomat in Europe to Promote Closer Ties
Top Chinese Diplomat in Europe to Promote Closer Ties

China's top diplomat heads to Europe on Monday for a visit that Beijing said will highlight ties as an "anchor of stability" in a world in turmoil. Wang Yi's tour will take him to the European Union's headquarters in Brussels as well as France and Germany as China seeks to improve relations with the bloc as a counterweight to superpower rival the ...

Central Bank of Lebanon’s Governor Proposes a Specialized Body for Bank Restructuring
Central Bank of Lebanon’s Governor Proposes a Specialized Body for Bank Restructuring

The subcommittee of the parliamentary Finance and Budget Committee, chaired by MP Ibrahim Kanaan, continues its review of the draft Banking Sector Restructuring Law. The discussions are centered on resolving divergences between the government's proposal, the IMF’s recommendations, and the proposals presented by Central Bank of ...

$4 Billion: The True Weight of Lebanon’s Agriculture Sector
Figure of the week$4 Billion: The True Weight of Lebanon’s Agriculture Sector

As Lebanon endures a prolonged economic crisis, one figure remains widely overlooked: the country’s agriculture sector generates over $4 billion annually when including the entire value chain: transport, packaging, and agro-food processing. On its own, raw agricultural production is valued at $2.2 billion per year. Strengthening agriculture and ...

A Home for $100,000: Housing Bank Boosts Loan Cap
A Home for $100,000: Housing Bank Boosts Loan Cap

The Housing Bank (Banque de l'Habitat, BDH) has raised the ceiling for subsidized housing loans to $100,000. No miracle here, just solid financing. “This increase from $50,000 to $100,000 was made possible by a funding package – currently under negotiation – granted by the Qatar Fund to the Housing Bank,” said BDH CEO Antoine Habib in a ...

CNSS: 45 Billion Lebanese Pounds Allocated to Hospitals
CNSS: 45 Billion Lebanese Pounds Allocated to Hospitals

The National Social Security Fund (CNSS) has approved a new financial advance of 45 billion Lebanese pounds for contracted hospitals. It aims to cover fixed-rate surgical procedures. The funds will be transferred to healthcare institutions and doctors in the coming days, as part of the CNSS’s policy of maintaining regular payments. CNSS ...

Unemployment: Lebanon Ranks 11th in MENA Region
Unemployment: Lebanon Ranks 11th in MENA Region

According to the latest World Bank data, Lebanon ranks 11th among MENA (Middle East and North Africa) countries in terms of unemployment, with an estimated rate of 11.5% in 2024. This figure reflects the ongoing impact of Lebanon’s compounded economic, political, and social crises since 2019. Topping the regional chart is Palestine, with a ...

The Ministry of Finance Still Stuck in the Paper Age
The Ministry of Finance Still Stuck in the Paper Age

Finance Minister Yassine Jaber has announced a $6 million allocation from the Lebanon Financing Facility (LFF) to modernize tax and land registry systems and support the ministry’s ongoing reform and digital transformation efforts. Established in December 2020 under the World Bank’s guidance following the Beirut port explosion, the LFF is a ...

BIA Sees Sharp Rebound in Passenger Traffic
BIA Sees Sharp Rebound in Passenger Traffic

Passenger traffic at Beirut International Airport (BIA) has surged again following a brief slowdown caused by heightened regional tensions. On Wednesday alone, the airport recorded 11,203 arrivals, marking a significant uptick in travel activity that may continue in the coming days. The rebound comes as several major Arab and international ...

Bitter Fruits, Pricey Greens: Lebanon’s Food Basket Feels the Heat
Bitter Fruits, Pricey Greens: Lebanon’s Food Basket Feels the Heat

Think your tomatoes are overpriced? It’s not a pricing trick. It's the harsh reality of Lebanon’s agricultural market in 2025. Amid unpredictable weather patterns, ongoing conflict, soaring fuel prices, and fertilizer costs reaching unprecedented heights, the prices of fruits and vegetables have climbed to new levels. Ibrahim Tarchichi, ...