Liliane Mokbel 2024-02-11 22:19 - Reading : 5 minute(s)
Should the approval of the Finance Law within constitutional deadlines be enough to presume that "the country is operating effectively"? Taxes and fees have increased by 10 to 46 times, while Lebanese citizens struggle to keep their heads above water. Under the Finance Law, taxes on goods and services, the primary revenue source, are estimated at ...
Maurice Matta 2024-02-11 17:36 - Reading : 8 minute(s)
No signs of a solution loom on the horizon for the escalating crisis between the Caretaker Minister of Telecommunications, Johnny Corm, and the unions of employees of the telecommunications companies in Lebanon, Alfa and Touch. So far, the Minister has refused to sign the new collective labor contract requested by the employees, arguing that given ...
2024-02-10 18:52 - Reading : less than a minute
According to information obtained by This is Beirut, the strike observed by employees of Lebanon's cell phone companies, Alfa and Touch, has led to the shutdown of several transmission stations, which is beginning to affect cell phone networks. At the same time, there is a shortage of top-up cards on the market. Against this backdrop, the Alfa ...
Mario Chartouni 2024-02-09 17:47 - Reading : 3 minute(s)
Lebanese cannabis is often hailed as among the finest in the world, a sentiment echoed by former Minister of Economy Raëd Khoury, MP of Baalbek-Hermel, Antoine Habchi, and supported by a 2018 report from the consulting agency McKinsey & Co. Let’s focus on showcasing the profitability of legalizing cannabis for medicinal purposes. National ...
This Is Beirut 2024-02-09 16:00 - Reading : 1 minute(s)
Million, a revolutionary content monetization platform, was launched on February 8 in the Middle East. Promising to revolutionize the digital content creation landscape, Million aims to fundamentally change the dynamics between creators and their audiences. Conceived by CEO Julien Hawari, Million is driven by the desire to empower creators and ...
This Is Beirut 2024-02-09 13:32 - Reading : 1 minute(s)
The Lebanese public administration, which has been on strike since January 30, decided to extend its protest until February 23. In a press release, the Civil Servants League denounced “the disparate policy adopted by the government since the beginning of the financial and economic crisis, and its obstinacy in restricting the rights of civil ...
This Is Beirut 2024-02-08 22:07 - Reading : 1 minute(s)
A memorandum of cooperation was signed between the Lebanese and Iraqi Ministers of Agriculture Abbas al-Hajj Hassan and Abbas Jabr al-Ali al-Maliki, respectively, within the framework of agricultural activities, imports and combating diseases and epidemics affecting agriculture and livestock. An expanded Lebanese-Iraqi agricultural meeting was ...
2024-02-08 10:34 - Reading : 3 minute(s)
The strikes by civil servants have persisted for over two years, detrimentally impacting the Lebanese economy and undermining state revenues. While civil servants advocating for salary increases rightfully seek to enhance their purchasing power, their actions have also resulted in the closure of public administrations. These closures hinder the ...
Riad Obégi 2024-02-08 09:00 - Reading : 4 minute(s)
This document does not claim to be exhaustive, rather it aims to give a few ideas that might help in finding solutions to Lebanon’s current crisis. 1 – Diagnosis: Lebanon’s GDP has fallen from 55 billion dollars to around 20 billion. Whole economic sectors have been damaged. State debt has been reduced by over 50 billion dollars due to ...
Nicolas Sbeih 2024-02-08 07:30 - Reading : 5 minute(s)
It is customary at the beginning of the year to take stock of fortunes and misfortunes in the international economic press. We won't drown you in numbers or provoke gloomy desolation so as not to add to your worries. But in essence, over the past few years, there have been many more billionaires who have become much richer than before. The ...
This Is Beirut 2024-02-07 15:04 - Reading : less than a minute
Lebanon recorded the second-highest inflation rate in the world, rising from 70% to 192% over the course of 2023, according to a study conducted by Russia's Novosti agency, based on data from the national statistical services of 193 UN member states. Argentina tops the list of countries with the highest inflation rate in 2023 (211%), followed by ...
This Is Beirut 2024-02-06 19:30 - Reading : 2 minute(s)
The Purchasing Managers Index (PMI), published by BlomInvest, rose to 49.4 points in January, compared to 48.4 in December. This suggests a moderate increase in business activity, less than what was observed at the end of 2023. Commenting on the figure, Fadi Osseiran, Managing Director of BLOM Business Bank, stated, “The Purchasing Managers ...