Economy

BIA Sees Sharp Rebound in Passenger Traffic

This is Beirut 26/06 16:05 - Reading : less than a minute

Beirut International Airport Emirates Air France UAE lebanon

Passenger traffic at Beirut International Airport (BIA) has surged again following a brief slowdown caused by heightened regional tensions. On Wednesday alone, the airport recorded 11,203 arrivals, marking a significant uptick in travel activity that may continue in the coming days. The rebound comes as several major Arab and international ...

Bitter Fruits, Pricey Greens: Lebanon’s Food Basket Feels the Heat

Christiane Tager 26/06 11:30 - Reading : 2 minute(s)

War Drought Fruit Vegetables Price

Think your tomatoes are overpriced? It’s not a pricing trick. It's the harsh reality of Lebanon’s agricultural market in 2025. Amid unpredictable weather patterns, ongoing conflict, soaring fuel prices, and fertilizer costs reaching unprecedented heights, the prices of fruits and vegetables have climbed to new levels. Ibrahim Tarchichi, ...

Brief Surge Lifts Airline Stocks Amid Geopolitical Relief

Liliane Mokbel 26/06 08:10 - Reading : 1 minute(s)

Israel United Arab Emirates Airline Stocks

European markets opened slightly higher on Wednesday, hovering between caution and relief following the announcement of a fragile truce between Israel and Iran. In early trading, Paris was up 0.17%, Frankfurt 0.20%, London 0.16%, and Milan 0.34%. The previous day, attention had shifted to the aviation sector, buoyed by hopes of easing ...

World Bank Announces Lebanon, Syria Reconstruction Projects

This is Beirut 25/06 14:05 - Reading : 3 minute(s)

Hezbollah Israel Middle East

The World Bank announced on Wednesday it had approved $250 million to support Lebanon's post-war reconstruction and a $146 million grant to rehabilitate neighbouring Syria's electricity sector. Lebanon is reeling from last year's devastating war between Israel and Iran-backed Hezbollah, while Syria faces massive needs after Islamist-led forces ...

Numbers & FiguresAs War Recedes, Oil Prices Plunge and Markets Rally

Christiane Tager 24/06 22:00 - Reading : 3 minute(s)

Donald Trump Europe Israel Tehran oil

From Cold Sweats to Cooling Oil: Why Crude Prices Are Plunging After the Iran-Israel De-Escalation A bomb can send oil prices soaring – unless it doesn’t hit as hard as expected. That’s exactly what played out in the markets following Iran’s limited strike on a United States base in Qatar, followed by a surprise ceasefire between Tehran ...

Parliamentary Committees Approve $200 Million WB Loan to Revitalize Agricultural Sector

This is Beirut 24/06 21:20 - Reading : 2 minute(s)

Banks Nizar Hani lebanon GATE World Bank

In a move described as a “decisive step toward economic recovery and food security,” joint parliamentary committees on Tuesday approved a bill allowing Lebanon to sign a $200 million loan agreement with the World Bank (WB) to fund the Green Agri-Food Transformation for Economic Recovery (GATE) program. Backed by the Ministry of ...

SpotlightMinimum Wage: The Debate Heats Up Again

Liliane Mokbel 24/06 21:00 - Reading : 2 minute(s)

Lebanon wages labor ministry

As regional tensions momentarily subside, Lebanese households refocus on their most urgent issue: wages. The minimum wage debate has resurfaced under intense social pressure, yet concrete progress remains elusive. The sudden silence from the labor minister adds to the growing uncertainty. Notably, the latest minimum wage increase did not ...

Parliamentary Committee Debates LBP 2,000 Billion Credit Allocation

This is Beirut 24/06 20:55 - Reading : 2 minute(s)

Banque du Liban NSSF Ibrahim Kanaan lebanon Adel Nassar Finance and Budget Committee Yassine Jaber

The Finance and Budget Committee, chaired by MP Ibrahim Kanaan, convened on Tuesday to review a proposed supplementary credit of 2,000 billion Lebanese liras to the national budget. The session, held in the presence of Finance Minister Yassine Jaber, Justice Minister Adel Nassar, numerous MPs and representatives from key public institutions, ...

Alfa Modernizes: A Data Center, 5G and AI

This is Beirut 24/06 17:45 - Reading : 2 minute(s)

Alfa AI Lebanon

On the sidelines of the 10XICT conference, sponsored by Minister of Telecommunications Charles Hage, CEO of mobile operator Alfa Jad Nassif outlined the main features of ongoing projects aimed at modernizing the network and improving service quality. Indeed, Alfa has embarked on a three-year network modernization plan, with investments covering ...

Oil Slides, Stocks Rise as Trump Says Iran-Israel Ceasefire Holds

This is Beirut 24/06 17:35 - Reading : 3 minute(s)

United States Donald Trump Oil & Gas China Iran

Oil prices sank and stock markets rose Tuesday as US President Donald Trump said a ceasefire between Iran and Israel was taking hold after he berated both countries for violating the truce. In volatile trading, crude futures slumped more than five percent after Trump announced a ceasefire. "This morning's ceasefire further reduced the perceived ...

Lebanon Launches Agricultural Census for Reliable Data

This is Beirut 24/06 12:55 - Reading : less than a minute

Lebanon UN FAO Agriculture Census Data

Lebanon’s Ministry of Agriculture and the Food and Agriculture Organization of the United Nations (FAO) signed on Tuesday a new Technical Cooperation Programme (TCP) to prepare for the next national agricultural census. This agreement marks the beginning of a crucial preparatory phase aimed at reviving the country’s agricultural data systems. ...

Oil Prices Drop as Israel Agrees to Ceasefire Proposal

This is Beirut 24/06 10:40 - Reading : 3 minute(s)

Israel Ceasefire Donald Trump Middle East Oil Markets

Oil prices sank more than five percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. Shares in Asia were buoyant, as fears of an energy market shock eased following 12 days of war between Israel and its arch-foe. London, Paris and Frankfurt also rose at the open. At around ...