Economy

Lufthansa Extends Flight Suspension to Beirut
Lufthansa Extends Flight Suspension to Beirut

Lufthansa, Europe's largest airline, announced on Thursday that it would extend the suspension of its flights to Beirut until October 15, attributing this decision to heightened tensions in the Middle East. The airline group, which encompasses Eurowings, Austrian, Swiss and Brussels Airlines, initially suspended flights to the Lebanese capital at ...

Petition for Parliamentary Commission to Probe Electricity Sector Negligence
Petition for Parliamentary Commission to Probe Electricity Sector Negligence

Ten MPs – Ashraf Rifi, Michel Moawad, Fouad Makhzoumi, Ghassan Hasbani, Georges Okais, Adib Abdel Massih, Elias Hankach, Marc Daou, Bilal Houchaymi and Michel Douaihy – presented a petition on Thursday, calling for the formation of a parliamentary commission of inquiry to look into “the transgressions and acts of negligence committed in ...

FATF's Grey List: Transactions With Correspondent Banks Wont be Affected
FATF's Grey List: Transactions With Correspondent Banks Wont be Affected

Wassim Mansouri, the Acting Governor of Lebanon's Central Bank (BDL) has concluded his meetings with correspondent banks in London, returning with reassurances that these institutions will continue to cooperate with Lebanon, regardless of the anticipated decision by the FATF (Financial Action Task Force) on October 24. However, the risk of Lebanon ...

18 Lebanese Students Join HEC Thanks to CMA CGM Scholarships
18 Lebanese Students Join HEC Thanks to CMA CGM Scholarships

Eighteen Lebanese students supported by the “CMA CGM Excellence Fund for Education” program joined the HEC Paris campus on September 10. This program, launched in 2021 - in collaboration with HEC Paris and École Polytechnique in France, Oxford University, Imperial College and King's College in the UK, the American University of Beirut (AUB), ...

Fayad Launches Call for Solar Power Plant Tenders
Fayad Launches Call for Solar Power Plant Tenders

On Wednesday, the Caretaker Minister of Energy and Water, Walid Fayad, launched a new call for tenders via the public procurement platform for the construction of a solar power plant using photovoltaic cells with a total capacity of 8 megawatts. The plant will be financed entirely from the budget of the Ministry of Energy and Water and will be ...

Syria to Cut Transit Fees for Lebanese Trucks by 50%
Syria to Cut Transit Fees for Lebanese Trucks by 50%

Caretaker Minister of Public Works and Transport Ali Hamiye announced a 50% reduction in transit fees for trucks crossing Syria. This move is part of the ministry’s plan to strengthen bilateral cooperation. On his X account (formerly Twitter), he specified that positive discussions with Syria led to this decrease in transit fees for trucks ...

Salaries: The Enduring Struggle of Retired Military Personnel
Salaries: The Enduring Struggle of Retired Military Personnel

The government failed to fulfill its commitment to provide a decent salary for public sector employees, especially retired army personnel, who once again took to the streets on Tuesday to express their outrage. The decline in purchasing power of wages and pensions of military personnel, veterans and public sector employees is not a new issue. ...

Touch: Customer Count Hits Record High
Touch: Customer Count Hits Record High

The mobile phone operator Touch announced on Tuesday that it has "strengthened its leadership position in the telecommunications and cellular data sector in Lebanon by setting a record number of clients, reaching the highest number ever recorded in the history of telecom operators in Lebanon, with 2.57 million customers as of last August." Thus, ...

Real Estate in Lebanon: A Valuable Investment
Real Estate in Lebanon: A Valuable Investment

The real estate sector in Lebanon remains a valuable investment in the medium and long term, according to a new report by Bank Audi. The study highlights that the real estate market in Lebanon has been under significant pressure since the onset of the crisis in 2019, with an overall contraction in demand. This is mainly due to the notable decrease ...

NSSF: Increase in Surgical Coverage
NSSF: Increase in Surgical Coverage

The National Social Security Fund (NSSF) announced in a statement on Monday that surgical coverage will be increased to 90% starting September 10. This decision follows meetings between the NSSF and the Private Hospitals Syndicate to adjust surgery rates, ensuring that insured individuals will not incur additional costs. This measure restores ...

Budget 2025: An Equation with Many Unknowns
Budget 2025: An Equation with Many Unknowns

Listen to the article   The objective of the 2025 budget proposal is to maintain a relative balance between revenues and expenditures, with the aim of keeping the overall deficit under 4.1%, or approximately $190 million. The draft budget submitted in August by caretaker Finance Minister, Youssef Khalil, forecasts a substantial increase in ...