Nicolas Sbeih 2024-01-31 11:45 - Reading : 4 minute(s)
It seems that the Beirut Stock Exchange is the next victim of the creeping state genocide. In reality, it's not the stock exchange itself that's directly targeted; it should continue to operate, but rather the Capital Markets Authority, which oversees its management. Persistent information and rumors indicate a forced and collective resignation of ...
2024-01-30 23:35 - Reading : 4 minute(s)
The wave of recriminations has once again engulfed Lebanon's public sector, which went on total strike on Tuesday, January 30, until February 9. Civil servants are denouncing a government that failed to keep its promises and commitments. The Lebanese public administration is on strike starting today, January 30, until February 9. The strike was ...
Liliane Mokbel 2024-01-30 21:33 - Reading : 3 minute(s)
The issue of the bank dollar exchange rate remains unresolved. Parliament withdrew from this task during the review of the 2024 Budget, while the Central Bank of Lebanon (BDL) is taking its time to decide on the matter. The acting governor of the Central Bank of Lebanon, Wassim Mansouri, is expected to arrive in Beirut from Paris on Tuesday ...
This Is Beirut 2024-01-30 13:13 - Reading : 1 minute(s)
Lebanon's Corruption Perception Index (CPI) 2023 is 24/100 and the country ranked 149th out of 180, recording its lowest score in three years. This confirms the need for urgent remediation and corrective action, says the annual report of Transparency International, a leader in the fight against corruption, published on Tuesday. The organization ...
This Is Beirut 2024-01-29 23:09 - Reading : 2 minute(s)
The board of the International Confederation of Lebanese Businesspeople (MIDEL), which met under the chairmanship of Fouad Zmokhol, considered that the budget should not purely involve accounting but should be based on a strategic, economic and financial vision and outlook. Commenting on the finance law approved by Parliament on Friday, it noted ...
Maurice Matta 2024-01-29 13:31 - Reading : 5 minute(s)
The Lebanese Parliament approved last weekend, within the constitutional timeframe, the draft budget law for the year 2024, after bringing in the necessary amendments. However, the draft law neglected to include crucial reforms that could help the country come out of its financial collapse. The Parliament-approved budget underwent a thorough ...
This Is Beirut 2024-01-29 12:55 - Reading : 4 minute(s)
Oil prices rose on Monday due to fresh Middle East fears, as President Joe Biden pledged to retaliate after blaming Iran-backed rebels for a deadly attack on US troops, while equities were boosted by China's latest move to support its troubled markets. The drone strike on a base in Jordan, which came days after the Houthis struck a vessel in the ...
2024-01-27 21:21 - Reading : 2 minute(s)
Lawmakers deflect responsibility by shifting the decision on the dollar exchange rate to the Central Bank of Lebanon (BDL), a move criticized by economic experts as an evasion of addressing pressing financial issues, notably the plight of depositors. This reflects a persisting corrupt climate apparent in various numbers reported by the Central ...
2024-01-27 17:37 - Reading : 1 minute(s)
The Traffic Management and Vehicles Authority, known as ‘Mécanique’, announced on Saturday that it will be receiving citizens over the next two weeks to provide new services at the Dekwaneh center. These services include lifting seizures and mortgages and replacing lost vehicle permits and social security forms. On January 30 and 31, and on ...
2024-01-27 17:09 - Reading : 1 minute(s)
The League of Civil Servants announced on Saturday that it would observe a general strike from Tuesday, January 30 to February 9 inclusive. Calls for sit-in protests will also be issued. In a statement issued on Saturday, the League attacked the "salvation" government which continues to ignore the rights of all low-income public sector workers, ...
2024-01-27 00:45 - Reading : 2 minute(s)
Parliament approved the draft budget for fiscal year 2024 after examining it article by article. More than half the articles were amended. It was adopted within the time limit set by the Constitution, a first in almost 20 years. Parliament approved the draft budget for fiscal year 2024 on Friday after studying it article by article. The draft ...
2024-01-26 11:46 - Reading : 1 minute(s)
According to sources quoted by MTV, the collection of bills from Syrian refugee camps has brought in LBP 1.2 billion for Electricité du Liban (EDL). "Collection in the camps is going well," said Tarek Abdallah, a member of EDL's Board of Directors to MTV, hoping that these positive results will reduce the rates of waste and non-collection from ...