This Is Beirut 05/07 14:23 - Reading : less than a minute
The Director General of the National Social Security Fund (NSSF), Mohammad Karaki, asked the relevant financial services on Friday to transfer LBP 60 billion to hospitals to pay for the treatment of dialysis patients. This brings the total amount paid since the beginning of the year to LBP 581 billion. This periodic procedure, specially carried ...
Christiane Tager 05/07 08:00 - Reading : 2 minute(s)
The power struggle between the Ministry of Finance (MOF) and Ogero lingers. As a result, the union representing employees of Lebanon's public telephone and internet provider took a stand on Thursday, denouncing a financial blockade. They announced that they would resort to escalating measures if positive and concrete actions are not implemented on ...
This Is Beirut 04/07 15:19 - Reading : 2 minute(s)
London's stock market and the pound advanced versus the dollar Thursday as Britons voted in a general election expected to be won by the centre-left and main opposition Labour party. Eurozone stocks also pushed higher amid political manoeuvring to try and block the far-right National Rally (RN) of Marine Le Pen from gaining power in France's ...
Nicolas Sbeih 04/07 11:00 - Reading : 5 minute(s)
Few bankers get the chance to speak freely in the media, as this is frowned upon. They're seldom invited to debates, and if they are, it's only to be bombarded with a well-prepared barrage of acidic slurs. In fact, we have been hearing the same tirades for the past five years, with each critic thinking they've made a groundbreaking ...
Liliane Mokbel 03/07 19:09 - Reading : 3 minute(s)
The commission tasked with drafting proposals to amend the Monetary and Credit Code (CMC) presented its project to Caretaker Prime Minister Najib Mikati on Monday after eleven months of rigorous effort. However, there is still a lengthy process ahead before the amendments become effective. The proposed text must first be examined by parliamentary ...
This Is Beirut 03/07 12:58 - Reading : less than a minute
Caretaker Minister of Telecommunications Johnny Corm revealed on Wednesday in an interview with the Voice of Lebanon that China has provided financial assistance estimated at $40 million to the Lebanese state. The Ministry of Telecommunications is seeking to benefit from a portion of this amount. He further explained that his ministry had ...
This Is Beirut 02/07 20:29 - Reading : less than a minute
Beirut International Airport (BIA) recorded its highest passenger and flight traffic since the start of the year in June. However, the figure remains below that recorded in June 2023, with a slight annual decline of around 0.25%. According to figures released by BIA, 707,201 departing and arriving passengers passed through the airport, compared ...
Christiane Tager 02/07 12:16 - Reading : 3 minute(s)
For several weeks, rumors have been spreading about a significant increase in the price of the “rabta”of bread (bundle in Arabic), causing concern. Most Lebanese rely heavily on bread as a staple food, due to the economic crisis. What is the truth behind these rumors? This is Beirut takes a closer look. For the past few weeks, rumors have ...
This Is Beirut 01/07 12:35 - Reading : 1 minute(s)
The euro rose and Paris equities surged Monday on signs France's far right would not win enough seats for an overall majority in legislative elections. The single currency had come under pressure in recent weeks on worries Marine Le Pen's National Rally (RN) would storm to victory and push through big-spending policies that could put the country ...
Maurice Matta 01/07 11:00 - Reading : 4 minute(s)
Some call it schizophrenia, others call it adaptation to reality, while some describe it as economic resistance. However, regardless of the term, what Lebanon, which has suffered from an economic and financial crisis characterized by the World Bank as one of the most severe crises globally since the mid-19th century, is experiencing, bears many ...
Liliane Mokbel 30/06 11:00 - Reading : 3 minute(s)
Medical care costs are experiencing significant inflation. Major private insurers in the Lebanese market, contacted by This is Beirut, have indicated that their health insurance premiums will increase by about 10% starting July 1st. The decision to raise health insurance premiums comes in a market that has been declining for several ...
Nicolas Sbeih 27/06 21:30 - Reading : 3 minute(s)
"They are everywhere, they buy everything, they show up with wads of cash in Ashrafieh and Metn, in Batroun, where they acquire luxury items, apartments, land and stores." An invasion so extensive that some mayors have established administrative barriers. "They" are the Shia, and the above statements reflect popular convictions, lacking verified ...