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 ...
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 ...