Liliane Mokbel 17/07 20:46 - Reading : 4 minute(s)
The Ministry of Finance has directed the Association of Banks in Lebanon (ABL) to notify its members to provide a list of their clients, individuals and entities, including names, addresses and tax registration numbers, who have repaid their debts in bank dollars or lollars. This request is based on provisions of tax procedural law and aims to ...
This Is Beirut 16/07 16:38 - Reading : 1 minute(s)
Hani Bohsali, President of the Union of Food Importers, assured on Tuesday that food prices would remain stable. In a statement, he described some reports of a rise in food prices due to the continuing rise in sea freight costs as a result of tensions in the Red Sea and the continuing Russian-Ukrainian war, as “exaggerated.” Bohsali stressed ...
This Is Beirut 16/07 14:42 - Reading : less than a minute
Caretaker Finance Minister, Youssef Khalil, on Tuesday, reiterated his ministry’s “commitment to submitting the 2025 budget within constitutional deadline.” In an administrative meeting devoted to assessing the stages reached in preparing the budget, in light of meetings with economic officials and international donors, Khalil reaffirmed ...
This Is Beirut 16/07 14:13 - Reading : 2 minute(s)
Iraqi authorities called on international private sector companies to bid for the expansion and operation of Baghdad's international airport after years of neglect in the conflict-scarred country. In September, the government signed an agreement with the World Bank's International Finance Corporation (IFC) to invite private companies to upgrade ...
This Is Beirut 16/07 13:36 - Reading : less than a minute
The Director General of the National Social Security Fund (NSSF), Mohamad Karaki, has issued a request to the relevant financial services to transfer 45 billion Lebanese pounds to hospitals. This sum is intended to pay for treatment of dialysis patients. This brings the total amount paid out since the beginning of the year to 626 billion pounds. ...
Christiane Tager 16/07 10:00 - Reading : 3 minute(s)
For some time now, the public provider of landline and Internet services, Ogero, has been reporting outages across the country. The cause is a lack of funds to purchase fuel to run the central office generators and to ensure maintenance. However, the outgoing Minister of Telecommunications seeks to reassure, asserting that no widespread outage is ...
This Is Beirut 15/07 18:53 - Reading : less than a minute
“Around 14,000 people arrive daily at the Beirut International Airport (BIA), with 85 to 90 aircraft landing every day,” revealed Jean Abboud, head of the travel and tourism offices syndicate, on Monday. He assured that the 2024 summer season is shaping up to surpass last year’s. He mentioned that “the aircraft occupancy rate is over ...
Maurice Matta 15/07 17:35 - Reading : 6 minute(s)
On Thursday morning, caretaker Minister of Energy and Water Walid Fayad announced that he received a call from the Director General of SOMO, the Iraqi Oil Ministry's company, informing him that the Iraqi Prime Minister, Mohammad al-Sudani, had permitted to load a fuel ship in solidarity with Lebanon and its people, allowing for the unloading of ...
This Is Beirut 15/07 14:33 - Reading : less than a minute
An Israeli aircraft bombed on Saturday night the main Marjayoun power station, causing “serious damage,” according to a statement issued by Électricité du Liban (EDL). This station supplies electricity to around 40 villages in the south of the country. The public electricity supplier reported that, during Israel's latest series of attacks ...
This Is Beirut 15/07 11:18 - Reading : 4 minute(s)
China posted lower than expected growth in the second quarter on Monday, with all eyes on how top officials gathering for a key meeting in Beijing might seek to tackle the country's deepening economic malaise. The world's second-largest economy is grappling with a real estate debt crisis, weakening consumption and an aging population. Trade ...
Liliane Mokbel 14/07 11:44 - Reading : 4 minute(s)
The retirement age for public sector employees is set to be raised to 68 for many reasons, and lawmakers are moving forward to make this happen. Two bills have been put forward to implement this change. One comes from the Democratic Gathering bloc, and the other by three MPs from the Change Coalition, namely Waddah Sadek, Michel Doueihy and Marc ...
Bassam Abou Zeid 13/07 13:33 - Reading : 3 minute(s)
Tensions between Lebanon and Iraq are intensifying due to Lebanon's failure to fulfill its financial obligations under the diesel supply agreement for Electricité du Liban. Lebanese authorities, including the caretaker prime minister, the ministry of energy, and the ministry of finance, have been perceived as expecting Iraq to provide fuel ...