Christiane Tager 12/07 20:52 - Reading : 5 minute(s)
The Lebanese are now accustomed to seeing the threat of a total blackout reemerge occasionally, often accompanied by the threat of the shutdown of vital public facilities. This situation was narrowly avoided on Thursday thanks to the intervention of the Iraqi Prime Minister, who authorized the unloading of fuel before Lebanon paid the amounts due. ...
This Is Beirut 11/07 10:05 - Reading : 2 minute(s)
Caretaker Minister of Energy Walid Fayad announced in a press release that he had "received a call from the Oil Marketing Company’s (SOMO) General Manager and the Iraqi Ministry of Petroleum. They informed him of Iraqi Prime Minister Mohammad Al-Sudani’s approval and his authorizing the unloading of diesel fuel at the Zahrani and Deir Ammar ...
Nicolas Sbeih 11/07 09:45 - Reading : 4 minute(s)
After delving into the topic of banks, let's assess the current state of their regulatory body, Lebanon’s Central Bank (BDL). Overall, the outcome is somewhat meager. However, we will refrain from preempting conclusions before outlining the pros and cons of this interim governorship, now in its one-year tenure. We will partially rely on ...
This Is Beirut 10/07 18:57 - Reading : 1 minute(s)
The Caretaker Minister of Public Works and Transport, Ali Hamiyeh, launched the operation plan for 96 public transport buses during a press conference on Wednesday. The plan includes specific routes for Beirut initially and will extend to the rest of the country's regions by September. After inspecting several vehicles and reviewing their ...
This Is Beirut 10/07 18:53 - Reading : less than a minute
The general assembly of the Association of Banks in Lebanon (ABL), scheduled for Wednesday, was postponed due to a lack of quorum. According to the Al-Markazia news agency, a banking source indicated that the current mandate of the association's board of directors has not yet expired. Therefore, the board will continue to perform its duties until ...
This Is Beirut 10/07 18:43 - Reading : less than a minute
The Federation of Bakery Unions of Lebanon met on Wednesday under the chairmanship of Nasser Srour, with Antoine Seif, the President of the Union of Bread Manufacturers, in attendance. The meeting primarily focused on the upcoming end of the wheat subsidy and the development of a plan to regulate market competition post-subsidy. Notably, the $150 ...
Maurice Matta 09/07 14:10 - Reading : 4 minute(s)
The Association of Banks in Lebanon (ABL) is preparing to elect its new board of directors next Wednesday. Consensus has historically shaped the outcome of each election, and this year's electoral process is equally critical, mirroring the importance of the two previous ones, given the precise circumstances, ongoing presidential vacancy, financial ...
This Is Beirut 08/07 17:22 - Reading : 4 minute(s)
Electricité du Liban (EDL) announced on Monday that it is taking preventive measures to avoid a blackout until it receives the second portion of diesel allocated for June 2024. In a press release, the public supplier explained that it had to resort to these measures to extend the period of energy production for citizens and maintain a continuous ...
08/07 13:45 - Reading : 1 minute(s)
Over the past three years, 1,300 industrial licenses have been granted in all sectors in Lebanon. This was stated on Monday by caretaker Minister of Industry George Bouchikian, who assured that the Lebanese industry is doing well, and that today, the industry sector represents 37 to 41% of the gross domestic product (GDP). Bouchikian believes ...
This Is Beirut 08/07 13:40 - Reading : 1 minute(s)
European stock markets edged up on Monday as investors digested snap French elections in which a hung parliament appeared the likeliest outcome. In France, the left was set to emerge as the biggest group in a new parliament, beating out a resurgent far-right in a vote called by President Emmanuel Macron three years ahead of schedule. The ...
Liliane Mokbel 07/07 17:47 - Reading : 2 minute(s)
The lack of funds in EDL's account at Lebanon's Central Bank (BDL) is delaying the unloading of essential Iraqi fuel oil for the country's power plants, which is currently stored on board the tanker Sky Rider off the coast of Lebanon. Consequently, the risk of Lebanon being plunged into total darkness starting Monday is significantly increasing. ...
05/07 16:33 - Reading : less than a minute
Lebanon has risen to 54th place globally and 6th among Arab countries in the mid-2024 global cost of living index, with a value of 41.78. In the report related to the global cost of living index, published by the statistics site Numbeo, 121 countries are ranked in comparison to figures from the United States. Four other indicators are also ...