Economy

Blackout: A Loan to Transport 5 Million Liters of Diesel Fuel
Blackout: A Loan to Transport 5 Million Liters of Diesel Fuel

The board of directors of Électricité du Liban (EDL) is meeting on Sunday to find a temporary solution to the total blackout that has hit Lebanon since Saturday afternoon due to a lack of fuel. According to information reported by the Al Jadeed television channel, the aim of the meeting is to send 5 million liters of diesel to the Zahrani power ...

Fayad: Diesel From Egypt by August 23
Fayad: Diesel From Egypt by August 23

Caretaker Minister of Energy Walid Fayad announced, late on Saturday evening, that a solution had been found to the total blackout that Lebanon has been experiencing since Saturday afternoon. According to Fayad, Egypt is expected to send diesel fuel, which will arrive by August 23 and enable the power stations to start operating again. In an ...

Lebanon Is Officially in the Dark
Lebanon Is Officially in the Dark

Despite the preventive measures taken since July 27 and repeated warnings from Lebanon's electricity company, Electricité du Liban (EDL), the Zahrani power plant is now out of service, following the shutdown of the Deir Ammar plant on August 7. As a result, Lebanon is now in total darkness. Despite every possible precaution taken by EDL to ...

Fayad: An Impossible Mission to Avoid a Blackout
Fayad: An Impossible Mission to Avoid a Blackout

Caretaker Minister of Energy Walid Fayad “hoped” that the total blackout would not take place, as announced on August 17. He indicated that the ministry was working hard to find solutions, with the first shipment of diesel not expected until the first week of September. In this context, it should be noted that as early as Saturday, August 17, ...

Order of Malta Launches Food Aid Project
Order of Malta Launches Food Aid Project

The Knights of Malta association, also known as the Order of Malta, announced that it is preparing to launch a food aid project for Lebanon, with the support of the French Ministry of Europe and Foreign Affairs. The project is set to start in September 2024 and will run for 16 months, according to a press release issued by the association on ...

No Need to Worry, Fuel Is Available!
No Need to Worry, Fuel Is Available!

Amid the threats facing Lebanon, citizens fear shortages of all kinds, particularly fuel, as the memory of the gasoline shortages in the summer of 2021 lingers. However, there is no reason to panic at the moment, as gasoline and diesel are available, reassures Maroun Chammas, president of the Association of Petroleum Importing Companies, to This ...

UAB Publishes Interview with Robot Sophia
UAB Publishes Interview with Robot Sophia

The Union of Arab Banks stood out by publishing an exclusive interview with the renowned robot Sophia. The interview was issued in French in the UAB Magazine and in English in The Banking Executive magazine, published by the International Arab Bankers Union. Sophia, activated on April 19, 2015, in Hong Kong, is a humanoid robot developed by ...

Resumption of Flights: Are Insurance Companies Reassured?
Resumption of Flights: Are Insurance Companies Reassured?

Air France and Transavia resumed their flights to Beirut on Thursday, after suspending them on July 29. Does this mean that Beirut International Airport (BIA) is now considered safe for civil aviation, despite ongoing hostilities in southern Lebanon? Is this an indication that reinsurance and insurance companies have revised their assessment of ...

One Last Solution to Avoid Total Blackout
One Last Solution to Avoid Total Blackout

Lebanon’s electricity company, Électricité du Liban (EDL), is considering using bill payments to fund Iraqi fuel purchases and avert a blackout. The Ministry of Energy and Water is preparing to resort to an emergency measure to avoid a total blackout, which could occur within the next three days, by August 17, due to the absence of any fuel ...

ITU Condemns Israel's Jamming of Telecommunication in Lebanon
ITU Condemns Israel's Jamming of Telecommunication in Lebanon

The Ministry of Telecommunications has received a letter from the Permanent Mission of Lebanon to the United Nations and international organizations, via the Ministry of Foreign Affairs, stating that the Radiocommunication Bureau of the International Telecommunication Union (ITU) has reminded Israel of its obligation to respect laws and decisions ...

What if Lebanon Is Placed on FATF’s Gray List?
What if Lebanon Is Placed on FATF’s Gray List?

Wassim Mansuri, the Acting Governor of Lebanon's Central Bank (BDL), is set to travel to Washington, D.C., in the first week of September, in an attempt to shield Lebanon from being placed on the Financial Action Task Force's (FATF) gray list, which monitors countries for financial crimes. His visit comes just days before a critical meeting where ...

Online Import and Export Procedures Begin on Wednesday
Online Import and Export Procedures Begin on Wednesday

Export and import procedures will be handled online starting Wednesday. In a statement issued on Tuesday, the Ministry of Economy announced that starting Wednesday, importers and exporters will no longer be required to go to the port or the Ministry’s headquarters to complete import and export procedures. These procedures, which include ...