This Is Beirut 2024-03-08 23:41 - Reading : 2 minute(s)
On Friday, Bitcoin reached a new historic high, surpassing $70,000, driven by the growing risk appetite of investors who seem to overlook the scandals, bankruptcies, and colossal losses of recent years. Bitcoin soared to $70,085.85, a new peak since its creation, before experiencing a slight decline. The leading cryptocurrency exceeded its ...
Liliane Mokbel 2024-03-08 21:56 - Reading : 4 minute(s)
For those wondering when the bank dollar exchange rate is going to increase, it is becoming increasingly clear that it won't happen anytime soon. It's a complete mystery. The causes are many. The government, the Central Bank of Lebanon (BDL) and the Ministry of Finance continue to pass the blame, leaving depositors frustrated. None of them is ...
This Is Beirut 2024-03-08 21:16 - Reading : less than a minute
Caretaker Finance Minister Youssef Khalil signed a decision on Friday to grant temporary compensation to all active and retired civil servants, as outlined in Decree 13020. The amounts set to be calculated with retroactive effect will be disbursed during the last week of March, precisely starting from March 22, 2024. It is worth noting that the ...
This Is Beirut 2024-03-08 16:20 - Reading : 1 minute(s)
Lebanon's stamp crisis is finally on the way to resolution. On Friday, Caretaker Minister of Finance Youssef Khalil announced in a press release that his ministry had completed the preparatory procedures for the printing of thirty million stamps in denominations of twenty, one hundred, two hundred, and four hundred thousand Lebanese pounds, ...
This Is Beirut 2024-03-07 23:19 - Reading : 1 minute(s)
Following media outlet reports and social media outbursts regarding the decision made by Metn judge of expedited matters, Ralph Karkabi, to unload a wheat shipment that was reportedly “moldy” based on initial analysis results on a grain sample, the Office of the Higher Judicial Council issued a statement providing clarification from Judge ...
This Is Beirut 2024-03-07 21:32 - Reading : less than a minute
The Ministry of Finance (MOF) announced on Thursday that the salaries and pensions of all civil servants have been disbursed. The MOF said in a statement that the Expenditure and Treasury Departments successfully transferred funds to the Central Bank. The concerned parties will be able to withdraw their money from their respective banks as of ...
This Is Beirut 2024-03-07 21:30 - Reading : less than a minute
The Traffic and Vehicles Management Authority announced that vehicle license plates are now available. The Authority stated in a press release that it “distributed car and motorcycle license plates, per the approved model, to authorized license plate printing presses in all regions of Lebanon.” According to the press release, motorists who ...
This Is Beirut 2024-03-07 21:27 - Reading : 1 minute(s)
Caretaker Minister of Transport and Public Works Ali Hamieh engaged in discussions in Paris with his French counterpart, Patrice Vergriete, regarding the reconstruction plan for the Port of Beirut. The unveiling of the French plan for the rehabilitation of the Port of Beirut is officially scheduled for March 13. More than a year ago, Hamieh had ...
This Is Beirut 2024-03-07 19:29 - Reading : 2 minute(s)
The General Directorate of Land Registry and Cadastre announced on Thursday that “the land registry secretariats of Mount Lebanon will deliver the first batch of completed property deeds to the concerned parties or their proxies on Friday, March 8, 2024. This process will follow a regulated delivery mechanism.” Property titles can be ...
Nicolas Sbeih 2024-03-07 07:30 - Reading : 5 minute(s)
If you haven't fully grasped the new public sector employees’ salary scale, don’t sweat it. No one has, not even the main beneficiaries or those tasked with the responsibility of crushing the numbers every single month. The saga of the public sector employees’ salary scale is spiraling into unprecedented levels of absurdity that deserve a ...
2024-03-06 22:34 - Reading : 5 minute(s)
Yet another scandal has unsettled the Lebanese population, shedding light on the deep-seated corruption within the country. It revolves around the delivery of wheat and rice into the Lebanese market, both of which are allegedly spoiled and a health threat. A statement from the Consumer Association in Lebanon, warning of “carcinogenic rice” ...
This Is Beirut 2024-03-06 16:30 - Reading : 2 minute(s)
The dollar retreated on Wednesday ahead of the Federal Reserve (Fed) Chairman's hearing before Congress, including data that could confirm expectations of an imminent interest rate cut, while bitcoin and gold remained close to their record highs. Fed chair Jerome Powell is due to answer questions from a House of Representatives committee on ...