This Is Beirut 2024-02-06 18:13 - Reading : less than a minute
Year-on-year traffic at Beirut International Airport (BIA) declined by 8.49% in January, according to figures released by BIA. A total of 450,989 passengers, arrivals and departures combined, recorded an 8.49% decrease compared to January 2023. The number of arrivals in Lebanon dropped by 5.17%, totaling 201,269 passengers. Departures from ...
This Is Beirut 2024-02-06 15:42 - Reading : 1 minute(s)
Électricité du Liban (EDL) announced on Tuesday that certain charges have been abolished or reduced, based on decisions taken by its Board of Directors following approval by the relevant ministerial authorities. These amendments will be reflected in electricity bills issued from May 2023 onwards, with printing starting next week, according to a ...
This Is Beirut 2024-02-06 15:40 - Reading : less than a minute
Chairman of the Board of Directors and CEO of Banque de l'Habitat (BDH) Antoine Habib informed caretaker Minister of Finance Youssef Khalil that the disbursement of the Arab loan worth 50 million Kuwaiti dinars ($165 million) to BDH would begin on March 31, 2024. This date corresponds to the start of the fiscal year in the Gulf countries. The ...
Maurice Matta 2024-02-06 09:00 - Reading : 4 minute(s)
As expected, Parliament Speaker Nabih Berri signed the draft law for the 2024 budget and transferred it to the Caretaker Prime Minister. All eyes are now on the final budget draft, which will most probably be published in the official gazette this week. According to certain information, the Lebanese Forces bloc formed a smaller parliamentary ...
Liliane Mokbel 2024-02-05 20:58 - Reading : 2 minute(s)
The Central Bank's (BDL) first deputy governor Wassim Mansouri issued on Saturday Circular 166 on exceptional measures for the gradual repayment of bank deposits made in foreign currency after the date of 10/31/2019. Mansouri specified that Circular 166 was adopted after he had obtained the opinion of the Association of Banks in Lebanon (ABL), ...
This Is Beirut 2024-02-05 17:29 - Reading : 1 minute(s)
In a letter sent to employees on Monday, the union of cell phone operators Alfa and Touch announced "a complete work stoppage starting this afternoon." It demanded that employees' salaries be adjusted and paid in full in fresh dollars and that the collective labor agreement be signed. The union pointed out that negotiations have been going on for ...
This Is Beirut 2024-02-04 20:35 - Reading : 1 minute(s)
President of the Association of Petroleum Importing Companies Maroun Chammas reassured people that "gasoline is available," in response to citizens' fears of gas stations' rationing. However, in an interview on Sunday with local channel MTV, Chammas warned that events in the Red Sea could affect Lebanon, "where we could see an increase in fuel ...
This Is Beirut 2024-02-03 14:18 - Reading : 1 minute(s)
The acting governor of the Central Bank of Lebanon (BDL), Wassim Mansouri, communicated on Saturday the amendments made to Circular 151 through a new circular, Circular 166. Following Friday's meeting of the BDL Central Council, Mansouri announced two decisions concerning the repayment of foreign currency deposits and the conversion of foreign ...
Liliane Mokbel 2024-02-03 11:57 - Reading : 2 minute(s)
On Friday, Mohamad Karaki, the Director-General of the National Social Security Fund (NSSF), made a pivotal decision to set the exchange rate at 89,500 Lebanese pounds per one dollar for calculating contributions from NSSF members who receive their salaries, either in full or in part, in foreign currencies. This adjustment becomes effective as of ...
Maurice Matta 2024-02-02 12:07 - Reading : 3 minute(s)
All eyes are on the meeting of the Central Council of the Banque du Liban, scheduled for today, led by the vice-governor Wassim Mansouri, alongside council members. The agenda for this meeting, initially set for Wednesday and rescheduled due to some members' travel, includes the amendment of Circular 151 after extensive weeks of discussions and ...
2024-02-01 23:38 - Reading : 2 minute(s)
Twenty-four hours after the Association of Oil Importing Companies declared the suspension of fuel deliveries in protest against the 10% exceptional tax levied on businesses benefiting from the subsidy policy introduced by the state in 2020 and 2021, a solution seems to be looming on the horizon. The president of the association, Maroun Chammas, ...
2024-02-01 22:32 - Reading : 2 minute(s)
Wassim Mansouri, the Central Bank's (BDL) Acting Governor, will set off to Riyadh on Monday upon a special invitation to participate in a conference on regional financial stability. But before he leaves, he is scheduled to finalize, on Friday, the details of a new directive with BDL’s Central Council. This directive allows depositors who were ...