Economy

EDL Cracks Down on Illegal Connections
EDL Cracks Down on Illegal Connections

In a statement issued Monday, Électricité du Liban (EDL) announced the launch of a large-scale campaign to dismantle illegal connections to the power grid. According to the statement, the initiative, set to be implemented nationwide, aims to “ensure equal rights and obligations for all citizens” and addresses the “urgent need to preserve ...

Lebanese Hospitality Reaches New Heights
Figure of the weekLebanese Hospitality Reaches New Heights

A fresh wind is blowing through Lebanon’s tourism scene, and it’s coming from the mountains: guesthouses are on the rise. Once limited to around 40 discreet spots, there are now more than 300 open to visitors – true hidden gems nestled in the heart of villages. More than just places to stay, each guesthouse reflects the soul of its region: ...

Trade War Redraws the Map: China Shifts Course
Trade War Redraws the Map: China Shifts Course

Since Donald Trump took office, Sino-American trade has sometimes resembled a high-stakes ping-pong match. Containers once destined for US ports now appear to have lost their way. In August 2025, exports to the United States fell 12% in a single month, representing around $5 billion worth of goods no longer crossing the Pacific, at least not ...

Beirut Port Climbs to 54th in Global Ranking
Beirut Port Climbs to 54th in Global Ranking

The Port of Beirut has registered a major leap in the World Bank’s Container Port Performance Index 2024, published on Friday. It ranked 54th worldwide, consolidating its role as a key regional hub for logistics and trade. The rise marks a sharp improvement from 81st place in 2023 and 323rd in 2022, reflecting the port’s modernization ...

Jounieh Highway: When Public Land Becomes Private Property
Jounieh Highway: When Public Land Becomes Private Property

Widening Jounieh Highway will not happen overnight. The project is expected to take 36 to 40 months. As the saying goes, “A journey of a thousand miles begins with a single step.” Funding for the project is secured, Minister of Public Works and Transport Fayez Rasamny told the press, though he provided no further details. Sources close to the ...

Olive Oil 2025: A Harvest That Leaves a Bitter Aftertaste
Olive Oil 2025: A Harvest That Leaves a Bitter Aftertaste

In Lebanon, it’s hard to imagine a meal without a drizzle of olive oil. It flavors the morning man’oushe, enlivens salads, and graces every mezze platter. But this year, this staple of the Lebanese table risks becoming a luxury. The 2025 olive season is exceptionally poor, with serious consequences for both producers and consumers. A ...

Lebanese Restaurants: A Short, Busy Summer and Rising Prices
Lebanese Restaurants: A Short, Busy Summer and Rising Prices

Although the summer season lasted only forty-five days, from July 15 through the end of August, Lebanese restaurants recorded a dynamic performance. Political and security instability, compounded by broader regional conflict, may have curtailed the season, but the sector’s momentum remained intact. The diaspora, loyal as always, turned out in ...

Consumer Prices Rise by 0.56% in August
Consumer Prices Rise by 0.56% in August

Lebanon’s Central Administration of Statistics (CAS) reported that the Consumer Price Index (CPI) rose by 0.56% in August 2025. On a year-on-year basis, the index increased by 14.17%, the agency said in a statement. The highest monthly increases were recorded in the North Lebanon governorate (+0.96%), followed by South Lebanon (+0.80%), Beirut ...

Aradina: A Green Boost for Lebanese Agriculture
Aradina: A Green Boost for Lebanese Agriculture

Agriculture Minister Nizar Hani on Monday launched the Aradina project, a four-year program to be implemented in partnership with CIHEAM Montpellier, Action Against Hunger and Fair Trade Lebanon. Aradina is funded by the French Development Agency (AFD) and aims to support 2,500 farmers and 145 cooperatives across Lebanon in adopting sustainable ...

Burberry Returns to London's Top Shares Index
Burberry Returns to London's Top Shares Index

British luxury fashion label Burberry rejoined London's FTSE 100 on Monday, one year after exiting the top-tier stock index, and ahead of unveiling its latest collection at London Fashion Week. The company is in the midst of a turnaround plan aimed at boosting sales and cutting costs as the global luxury sector struggles with weak consumer ...

Lebanese Businesses Reject Proposed 3% Tax
Lebanese Businesses Reject Proposed 3% Tax

Lebanese business organizations voiced strong opposition on Monday to a proposed 3% tax outlined in Article 31 of the 2026 draft budget, describing it as illogical, inflationary, and punitive for compliant companies in a country where the informal economy thrives. Officially framed as an advance on income tax, the measure, business leaders warn, ...