Liliane Mokbel 2024-02-14 10:31 - Reading : 3 minute(s)
On Tuesday, the administrative court ruled on the dispute between the Association of Banks in Lebanon (ABL) and the State. The Council of State invalidated the government's plan to abolish bank reserves at the Banque du Liban (BDL). A major blow, which calls into question the validity of the banking resolution proposed by the government. On ...
Maurice Matta 2024-02-13 22:59 - Reading : 6 minute(s)
In its final "constitutional" session before transitioning into a caretaker government, on May 20, 2022, Najib Mikati’s Cabinet endorsed a plan for financial and economic recovery. It included a document titled "Strategy for Financial Sector Revitalization," which, in its third clause, outlined the cancelation of a significant portion of the ...
2024-02-13 14:29 - Reading : 2 minute(s)
Following an intervention by MP Farid el-Khazen, the employees of Alfa and Touch decided to take a break in their dispute with the caretaker Minister of Telecommunications, Johnny Corm, by suspending the open strike they began on February 5. In a bid to defuse the prevailing crisis in the cell phone sector, Keserwan MP Farid el-Khazen received a ...
Liliane Mokbel 2024-02-11 22:19 - Reading : 5 minute(s)
Should the approval of the Finance Law within constitutional deadlines be enough to presume that "the country is operating effectively"? Taxes and fees have increased by 10 to 46 times, while Lebanese citizens struggle to keep their heads above water. Under the Finance Law, taxes on goods and services, the primary revenue source, are estimated at ...
Maurice Matta 2024-02-11 17:36 - Reading : 8 minute(s)
No signs of a solution loom on the horizon for the escalating crisis between the Caretaker Minister of Telecommunications, Johnny Corm, and the unions of employees of the telecommunications companies in Lebanon, Alfa and Touch. So far, the Minister has refused to sign the new collective labor contract requested by the employees, arguing that given ...
2024-02-10 18:52 - Reading : less than a minute
According to information obtained by This is Beirut, the strike observed by employees of Lebanon's cell phone companies, Alfa and Touch, has led to the shutdown of several transmission stations, which is beginning to affect cell phone networks. At the same time, there is a shortage of top-up cards on the market. Against this backdrop, the Alfa ...
Mario Chartouni 2024-02-09 17:47 - Reading : 3 minute(s)
Lebanese cannabis is often hailed as among the finest in the world, a sentiment echoed by former Minister of Economy Raëd Khoury, MP of Baalbek-Hermel, Antoine Habchi, and supported by a 2018 report from the consulting agency McKinsey & Co. Let’s focus on showcasing the profitability of legalizing cannabis for medicinal purposes. National ...
This Is Beirut 2024-02-09 16:00 - Reading : 1 minute(s)
Million, a revolutionary content monetization platform, was launched on February 8 in the Middle East. Promising to revolutionize the digital content creation landscape, Million aims to fundamentally change the dynamics between creators and their audiences. Conceived by CEO Julien Hawari, Million is driven by the desire to empower creators and ...
This Is Beirut 2024-02-09 13:32 - Reading : 1 minute(s)
The Lebanese public administration, which has been on strike since January 30, decided to extend its protest until February 23. In a press release, the Civil Servants League denounced “the disparate policy adopted by the government since the beginning of the financial and economic crisis, and its obstinacy in restricting the rights of civil ...
This Is Beirut 2024-02-08 22:07 - Reading : 1 minute(s)
A memorandum of cooperation was signed between the Lebanese and Iraqi Ministers of Agriculture Abbas al-Hajj Hassan and Abbas Jabr al-Ali al-Maliki, respectively, within the framework of agricultural activities, imports and combating diseases and epidemics affecting agriculture and livestock. An expanded Lebanese-Iraqi agricultural meeting was ...
2024-02-08 10:34 - Reading : 3 minute(s)
The strikes by civil servants have persisted for over two years, detrimentally impacting the Lebanese economy and undermining state revenues. While civil servants advocating for salary increases rightfully seek to enhance their purchasing power, their actions have also resulted in the closure of public administrations. These closures hinder the ...
Riad Obégi 2024-02-08 09:00 - Reading : 4 minute(s)
This document does not claim to be exhaustive, rather it aims to give a few ideas that might help in finding solutions to Lebanon’s current crisis. 1 – Diagnosis: Lebanon’s GDP has fallen from 55 billion dollars to around 20 billion. Whole economic sectors have been damaged. State debt has been reduced by over 50 billion dollars due to ...