This Is Beirut 2024-03-06 15:19 - Reading : 1 minute(s)
Caretaker Minister of Energy and Water Walid Fayad, who took part in a conference in Paris on "the role of gas in energy transition in the Mediterranean basin," emphasized the importance of stability around the Mediterranean, so that coastal countries can achieve energy transformation, enabling them to meet international objectives related to ...
2024-03-05 23:14 - Reading : 4 minute(s)
Every Lebanese government routinely and systematically tracks the state's expenditures and revenues. Yet, they consistently failed to accurately assess the substantial revenue losses, totaling around $3 billion. Despite persistently seeking assistance from the international community, they remain unwilling to implement the much-needed reforms that ...
This Is Beirut 2024-03-05 19:40 - Reading : less than a minute
On Tuesday, the caretaker Minister of Finance, Youssef Khalil, published four decisions extending the payment deadlines for certain taxes. The aim is to give taxpayers additional time to pay their dues, and thus avoid late payment fines. The payment deadline for the annual flat-rate and proportional tax levied on establishments selling alcoholic ...
This Is Beirut 2024-03-05 15:35 - Reading : 1 minute(s)
The Consumer Price Index (CPI) jumped 18.8% year-on-year in January 2024 compared to the same month last year. All nine main indices showed increases in January 2024. The country recorded triple-digit inflation rates as it plunged into a multidimensional crisis. Policymakers still refuse to take responsibility and implement the structural reforms ...
This Is Beirut 2024-03-04 16:39 - Reading : less than a minute
Traffic at Beirut International Airport (BIA) recorded an increase in passenger numbers in February, but a fall in the number of flights. According to figures released by the airport, 413,111 departing and arriving passengers passed through the airport, an increase of 1% compared to February 2023. The number of arrivals in Lebanon rose by 2.57% ...
This Is Beirut 2024-03-04 13:43 - Reading : 1 minute(s)
The Director of the UN Food and Agriculture Organization's (FAO) Liaison Office with Russia, Oleg Kobyakov, warned that the situation in Bab el-Mandeb and the Red Sea is affecting food trade and driving up product prices. He asserted that "the Houthis' siege of the Bab el-Mandeb Strait and the Red Sea is negatively impacting world food trade," ...
2024-03-04 13:14 - Reading : 2 minute(s)
The president of the General Confederation of Lebanese Workers (CGTL), Bechara Asmar, said that it is necessary to increase salaries in both the public and private sectors and, in doing so, alleviate the suffering of citizens. In an interview granted to the IMLebanon website, he pointed out that the economic situation in Lebanon is deteriorating ...
2024-03-03 22:53 - Reading : 3 minute(s)
The question of civil servants' salaries is once again at the forefront of the economic scene, following the government's approval on Wednesday, under strong pressure from strikes, of decrees aimed at increasing them. This decision reinforces fears of a repeat of the 2017 scenario when the wage scale law was passed. Experts believe that the wage ...
2024-03-03 22:06 - Reading : 1 minute(s)
The directors of the Ministry of Finance announced on Sunday the "temporary" suspension of their strike from Monday, March 4, to "complete the process of paying salaries and carry out all transactions of citizens and other departments and institutions of the state." These remarks came in a statement issued the day after a meeting held on Saturday ...
Maurice Matta 2024-03-02 11:10 - Reading : 3 minute(s)
The agreement, approved by the caretaker government, between the Teachers' Syndicate and the Federation of Private Educational Institutions under the auspices of the Ministry of Education for financing the indemnity fund (amounting to 100 billion Lebanese Pounds) for the teaching community has enabled the fund to pay salary increases to retired ...
This Is Beirut 2024-03-01 17:34 - Reading : 2 minute(s)
Following rumors implying that the striking employees of the Ministry of Finance will not process the February salaries of civil servants, sources close to the Ministry assured This is Beirut that the mood surrounding discussions to resolve the problem is positive and the Ministry's employees are not heading for escalation — quite the ...
This Is Beirut 2024-03-01 13:01 - Reading : less than a minute
In an interim circular bearing number 693 dated 29/2/2024, the Banque du Liban (BDL) made a temporary adjustment to the operating conditions of financial companies operating in Lebanon. Circular 693, which refers to the decision adopted by the Central Council of the Banque du Liban, which met on February 28, 2024, commands financial companies to ...