This is Beirut 12/11 11:25 - Reading : 2 minute(s)
Global wine production is on course for a modest recovery in 2025 after suffering a sharp downturn last year, the industry's international body said Wednesday. Output will, however, continue below recent averages as climate change and changing consumer habits take their toll, the International Organization of Vine and Wine (OIV) said in a ...
This is Beirut 11/11 13:00 - Reading : 2 minute(s)
Nawaf Salam Demon Slayer Tokyo Culture Cinema Art
Shares in Japanese giant Sony jumped more than five percent Tuesday after it hiked full-year profit forecasts thanks to the latest Demon Slayer anime blockbuster. The company also attributed the improved forecasts to higher expected sales of its PlayStation console and a smaller-than-anticipated impact from US tariffs. For the 2025-26 financial ...
This is Beirut 11/11 10:40 - Reading : 4 minute(s)
Lebanon Banks International Monetary Fund Alain Hakim
Lebanon’s financial and economic situation is going through an unprecedented crisis “that requires decisive measures to restore confidence and protect depositors’ funds, while clarifying the responsibilities of the State.” These are the words of Alain Hakim, former Minister of Economy, summarizing the depth of the country’s economic ...
This is Beirut 10/11 19:35 - Reading : 6 minute(s)
The Senior Director for Counterterrorism Sebastian Gorka’s visit to Lebanon over the past two days has added an unexpected but timely dimension to the country’s search for economic and political stability. His meetings with local officials and policy advisors reportedly centered on policies to cut off ...
Élie-Joe Kamel 10/11 19:00 - Reading : 4 minute(s)
Europe South Lebanon Turkey agriculture
Lebanon is facing an unusually dry year, with autumn bringing far less rainfall than normal. According to the Minister of Energy and Water, precipitation is down about 51 percent compared with the average. The winter of 2024-2025 had already been exceptionally dry, with Beirut recording just 382 mm, compared with 1,051 mm the previous year. The ...
Liliane Mokbel 10/11 16:50 - Reading : 3 minute(s)
Hezbollah Beirut International Airport Banque du Liban Central Bank of Lebanon Gulf
The time has come to deprive Hezbollah of its footing and halt its systematic effort to dismantle what remains of the Lebanese state. John Hurley, the Under Secretary of the U.S. Treasury for Terrorism and Financial Intelligence, stated last week that there is now a favorable opening in Lebanon to disrupt Iranian funding to Hezbollah and exert ...
This is Beirut 10/11 14:30 - Reading : 1 minute(s)
The economic collapse is systemic and cannot be resolved without the state assuming its share of responsibility, the Association of Banks in Lebanon (ABL) warned in its latest monthly report for October 2025. The statement directly challenges the government’s draft “financial gap” law, which omits any reference to a systemic crisis, a move ...
This is Beirut 10/11 09:20 - Reading : 4 minute(s)
Google Microsoft Amazon AI Meta
In the race for AI dominance, American tech giants have the money and the chips, but their ambitions have hit a new obstacle: electric power. "The biggest issue we are now having is not a compute glut, but it's the power and...the ability to get the builds done fast enough close to power," Microsoft CEO Satya Nadella acknowledged on a recent ...
Liliane Mokbel 08/11 14:00 - Reading : 1 minute(s)
Thirteen. That is the number of implementing decrees still pending to activate the pension and social protection law passed in 2023. Without them, the long-awaited reform remains on hold. The new system was meant to gradually replace the decades-old end-of-service indemnity scheme. So far, only one decree has been partially addressed, the one ...
Nadia Hallak 08/11 09:00 - Reading : 4 minute(s)
Lebanon Economy IMF Banks Central Bank
As the financial collapse continues and losses keep mounting with no clear plan yet for their distribution, attention is once again turning to the stalled negotiations between the Lebanese government and the International Monetary Fund (IMF), amid conflicting official approaches on how to address the crisis and restructure the banking sector. The ...
Liliane Mokbel 07/11 17:20 - Reading : 2 minute(s)
Lebanon Central Bank of Lebanon EDL economy finance
The rebound in Lebanese state deposits at the central bank (BDL), estimated at nearly $800 million, marks a rare financial upswing amid the prolonged crisis that began in 2019. It is a welcome breath of fresh air, but still far from a genuine structural recovery of public finances. Above all, this renewed momentum reflects the early stages of a ...
This is Beirut 07/11 15:45 - Reading : 3 minute(s)
Lebanese Economy and Trade Minister Amer Bsat made several key statements during his appearance on the television program “Sar El Waet.” He addressed multiple sensitive issues, including the financial-gap law, bank restructuring, and negotiations with the International Monetary Fund (IMF). Bsat emphasized that it is not possible to commit to ...