27/06 18:11 - Reading : less than a minute
Daily workers at Lebanon’s electricity company, Electricité du Liban (EDL), warned the management of the public electricity supplier that it had until Friday to implement the new contract stipulating wage adjustments proportionate to the high cost of living, threatening to escalate protests. In a statement, the EDL day workers explained that ...
This Is Beirut 27/06 14:11 - Reading : 1 minute(s)
Banque Du Liban (BDL) announced on Thursday that it would be extending the effects of Circulars 158 and 166. In a communique, the financial institution stated that the Central Council, which met on Wednesday, decided to extend the validity of Circulars 158 and 166 for one year, with the possibility of renewal, effective starting July 1, ...
Liliane Mokbel 26/06 18:21 - Reading : 4 minute(s)
In a country where state institutions are almost paralyzed and the specter of war is looming, recommendations for breaking out of the stagnation in the real estate sector are nothing short of hypothetical. Panelists at the second Annual Real Estate Forum in Lebanon, that took place on Tuesday, highlighted the plethora of challenges facing the ...
Christiane Tager 26/06 16:00 - Reading : 2 minute(s)
A crisis cell has been established in partnership with the Ministry of Economy and the key pillars of the health sector, notably the hospital syndicate, the medical association, and third-party payers, to monitor the issue of skyrocketing hospitalization costs and find ways to reduce them. Caretaker Minister of Economy and Trade Amine Salam ...
This Is Beirut 24/06 21:25 - Reading : 2 minute(s)
The Secretary-General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, stated in the introduction of the association's monthly report that "cooperation between political, monetary, and banking authorities could pave the way towards achieving a balance between the security of deposits and liquidity, to ensure a better future for Lebanon ...
This Is Beirut 24/06 20:59 - Reading : 1 minute(s)
Lebanon’s Caretaker Minister of Transport and Public Works, Ali Hamiye, announced on Monday the formation of joint specialized commissions between his department and the Ministry of Finance to re-examine the estimated price per square meter of public maritime domain to determine the annual fee for temporary occupation of these ...
Maurice Matta 24/06 11:00 - Reading : 3 minute(s)
In Beirut, the souks in the downtown area are preparing for the reopening of numerous commercial establishments that closed their doors following the economic and financial crisis, the subsequent popular upheaval, and the devastating explosion at the port of Beirut on August 4, 2020, which caused considerable damage to shops and markets. Hopes ...
This Is Beirut 23/06 11:32 - Reading : 1 minute(s)
The caretaker Minister of Energy, Walid Fayad, assured that electricity distribution hours would be increased in July, without specifying when or the number of hours. He revealed that a call for tenders had been launched for the purchase of fuel, which would be delivered in July, enabling production to rise from 550 megawatts to 800 ...
Christiane Tager 22/06 12:17 - Reading : 3 minute(s)
A few weeks after the dismantling of unlicensed internet transmission networks across Lebanon by teams from Ogero, the public provider of telecommunications and internet services, where do we stand? This Is Beirut provides an update. Contacted by This Is Beirut, outgoing Minister of Telecommunications Johnny Corm states that dismantling is ...
This Is Beirut 21/06 18:38 - Reading : 1 minute(s)
Jean Abboud, president of the Union of Travel and Tourism Agencies in Lebanon, assured on Friday that "Cyprus is not going to close its doors to the Lebanese." He confirmed that "contacts have been made with the Cyprus Embassy in Lebanon," stressing that "things are going well and there is no fear of the island's doors being closed to the ...
This Is Beirut 21/06 17:11 - Reading : 2 minute(s)
The Real Estate Syndicate of Lebanon is pleased to announce the upcoming 2nd Real Estate Forum of Lebanon, titled "The Real Estate and Housing Sector in Lebanon: Between Stagnation and Revival." This important event will take place on June 25, 2024, at the prestigious Phoenicia Hotel in Beirut, under the patronage of caretaker Prime Minister Najib ...
This Is Beirut 21/06 12:43 - Reading : less than a minute
The Central Administration of Statistics (CAS) reported on Friday that Lebanon's Consumer Price Index (CPI) for May 2024 increased by 0.02% compared to April 2024. This rise is notably modest in contrast to the significant increases recorded in 2023 (33.27% in March and 5.35% in May). CAS further specified in their statement that the CPI showed a ...