This is Beirut 2025-10-02 15:37 - Reading : 1 minute(s)
Elon Musk billion Forbes fortune
Elon Musk has set yet another record: he is now the first individual in history to amass a personal fortune of $500 billion, according to Forbes. The milestone highlights the extraordinary ascent of the world’s most talked-about entrepreneur. The pace of Musk’s wealth accumulation has been nothing short of astonishing. Back in 2020, his net ...
This is Beirut 2025-10-02 15:35 - Reading : less than a minute
Lebanon Beirut Port container traffic
Omar Itani, the Chairman of the Board of Beirut Port, announced a significant rise in container traffic in September 2025, with a 35% increase compared to the same period last year. According to published figures, 80,676 standard containers were handled last month, up from 59,724 in September 2024. Meanwhile, the container terminal operated by ...
Liliane Mokbel 2025-10-02 13:35 - Reading : 2 minute(s)
The country’s gold market has entered a phase of sharp volatility. Against the backdrop of a prolonged crisis, transactions are picking up in both directions: some are selling jewelry and bullion to lock in immediate gains, while others are rushing to buy the yellow metal, long regarded as the ultimate safe haven. This contradictory dynamic ...
This is Beirut 2025-10-02 11:50 - Reading : 9 minute(s)
Lebanon IMF Central Bank Banks Depositors
As Lebanon faces multiple challenges with economic and financial recovery from the country’s 2019 economic collapse, two interconnected issues remain particularly controversial: recovering the money of Lebanese who lost access to their bank deposits and holding those responsible for squandering their money ...
This is Beirut 2025-10-01 12:10 - Reading : less than a minute
Gold prices hit a new all-time high on Wednesday, driven by a surge of investors seeking safe-haven assets following the official start of the U.S. government shutdown and disappointing employment data, which have strengthened expectations of an interest rate cut by the Federal Reserve. Spot gold rose 0.1% to $3,861.99 per ounce, after reaching a ...
This is Beirut 2025-09-30 18:15 - Reading : 1 minute(s)
Lebanon Syndicate of Poultry Producers Tariffs
The Syndicate of Poultry Producers, led by William Boutros, issued a warning on Tuesday, urging authorities to act swiftly to save local businesses now facing extinction. The reason is that Lebanese poultry products are banned from Arab markets, while similar goods imported from neighboring countries freely enter Lebanon duty-free. “Most Arab ...
Christiane Tager 2025-09-30 17:50 - Reading : 3 minute(s)
Lebanon Collectible cars Fédération Internationale des Véhicules Anciens
In a world where traditional investments fluctuate with economic and geopolitical crises, collectible cars seem to hold steady. They do more than captivate enthusiasts; they also attract investors. In the United States and Europe, auction prices are soaring, and museums compete for rare models. What about Lebanon? Between roaring American muscle ...
Liliane Mokbel 2025-09-29 19:05 - Reading : 3 minute(s)
Lebanon Central Bank of Lebanon Banks International Monetary Fund economy deposits BDL
At a luncheon debate hosted by the École supérieure des affaires (ESA), Karim Souhaid, the Governor of Lebanon’s Central Bank (BDL), presented his assessment of the country’s economic situation – “slowly but surely moving in the right direction” – to around 40 members of the Mouvement des entreprises de France (MEDEF), currently on ...
This is Beirut 2025-09-29 16:25 - Reading : less than a minute
Less than five days after authorizing further advance payments to hospitals and doctors, bringing total healthcare spending to LBP 4.174 trillion since the start of the year, the Director General of the National Social Security Fund (NSSF), Mohammad Karaki, has approved an additional LBP 208 billion in payments for previously processed surgical ...
This is Beirut 2025-09-29 14:00 - Reading : less than a minute
Gold Investments Dollar Washington Beijing
Gold continues to break records. The price per ounce (31.1 g) rose 1.3% on Monday, reaching $3,809, its highest level ever. The precious metal has surged 45% since the start of the year and nearly 130% over three years, outperforming most other investments. Several factors drive this gold rush: geopolitical uncertainties, from Russia’s invasion ...
This is Beirut 2025-09-29 13:20 - Reading : 1 minute(s)
Lebanon EDL Illegal Connections
In a statement issued Monday, Électricité du Liban (EDL) announced the launch of a large-scale campaign to dismantle illegal connections to the power grid. According to the statement, the initiative, set to be implemented nationwide, aims to “ensure equal rights and obligations for all citizens” and addresses the “urgent need to preserve ...
Liliane Mokbel 2025-09-27 15:00 - Reading : less than a minute
A fresh wind is blowing through Lebanon’s tourism scene, and it’s coming from the mountains: guesthouses are on the rise. Once limited to around 40 discreet spots, there are now more than 300 open to visitors – true hidden gems nestled in the heart of villages. More than just places to stay, each guesthouse reflects the soul of its region: ...