LAU and Restaurants Syndicate Join Forces to Boost Hospitality Training

This is Beirut 25/04 17:15 - Reading : 1 minute(s)

LAU lebanon Horeca 2025 The Syndicate of Restaurant

At HORECA 2025, the Syndicate of Restaurant, Cafe, Nightclub, and Pastry Owners in Lebanon signed a strategic partnership with the Lebanese American University (LAU), paving the way for enhanced educational and professional opportunities in the hospitality sector. The memorandum of understanding, formalized during the industry event, signals the ...

Travel and Tourism Syndicate Discusses Sector Revival Amid Hopes for Political Stability

This is Beirut 25/04 17:10 - Reading : less than a minute

Lebanon The Syndicate of Owners of Travel and Tourism Offices

The Syndicate of Owners of Travel and Tourism Offices in Lebanon, headed by Jean Abboud, held its Annual General Assembly at the Middle East Airlines (MEA) conference center on Friday, gathering a large number of industry members. The session covered key agenda items, including the presentation and approval of the 2024 financial report, and ...

China's BYD posts strong quarterly profit on EV sales surge

This is Beirut 25/04 15:25 - Reading : 2 minute(s)

Donald Trump USA China economy

Chinese electric vehicle giant BYD reported strong first-quarter profits on Friday, propelled by surging sales as US rival Tesla struggles to maintain pace. China's EV market is the largest in the world, and BYD has emerged in recent years as the clear leader of the highly competitive sector, outperforming Tesla in annual revenue last year. The ...

AnalysisTrump’s Four-Wheel Boomerang: Clearing the Road for China

Christiane Tager 24/04 22:00 - Reading : 3 minute(s)

Donald Trump Europe USA China

Trump, determined to “bring the auto industry back home,” recently imposed a 25% tariff on steel, aluminum, and crucially, the entire automotive sector. His goal was straightforward: to reshore production and safeguard American industry. However, in trying to curb imports, Trump has inadvertently given China’s EV sector a significant push. ...

Support for Syrian Refugees: Lebanon Says Stop

Liliane Mokbel 24/04 15:40 - Reading : 2 minute(s)

Lebanon Syria Refugees Displaced UNHCR

Lebanon, which is facing a prolonged crisis, is raising its voice once again. For more than 15 years, the Land of the Cedars has borne the direct consequences of the war in Syria, hosting more than two million Syrian refugees—nearly 40% of its population. According to the World Bank, the annual cost of this presence exceeds two billion ...

Lebanon’s Inflation Drops to Five-Year Low, but Food Prices Remain a Strain

This Is Beirut 24/04 15:35 - Reading : 1 minute(s)

Lebanon CPI

The annual inflation rate in Lebanon dropped to 14.2% in March 2025, marking the lowest level in five years, according to official figures released this week. The decline follows a 15.6% rate recorded in February and reflects a broader easing in price increases across several key sectors. The most notable slowdowns were seen in housing and ...

Lebanon Launches AGRILAB Project to Modernize and Green Agricultural Sector

This Is Beirut 24/04 15:25 - Reading : 1 minute(s)

Under the patronage of Minister of Agriculture Nizar Hani, Lebanon officially launched the AGRILAB project on Thursday at the Baakline station in the Shouf region. Developed in partnership with the German Agency for International Cooperation, the initiative seeks to modernize the country’s agricultural sector by equipping farmers with ...

UAB Executive Committee Vows Support for Crisis-Hit Banking Sectors

This Is Beirut 24/04 15:20 - Reading : 1 minute(s)

Banks Kuwait Saudi Arabia

The Executive Committee of the Union of Arab Banks (UAB) convened in Beirut on Thursday under the chairmanship of Dr. Joseph Torbey, with the participation of Secretary General Wissam Fattouh and representatives from seven Arab nations: Saudi Arabia, Kuwait, Jordan, Oman, Morocco, Lebanon and Sudan. During the meeting, the committee reviewed a ...

Gold: The Unsteady Safe Haven

Christiane Tager 24/04 15:00 - Reading : 2 minute(s)

Israel Middle East

  Christiane Tager   Since the beginning of the year, gold has been on a rollercoaster ride, swinging between sharp rallies and sudden pullbacks. On April 22, gold soared more than 2% in a single day—only to face an unexpected correction less than 24 hours later. This dramatic back-and-forth raises a pressing question: what’s happening in ...

In Washington, Lebanon’s Central Bank Governor Calls for a Structured National Recovery

This is Beirut 24/04 11:35 - Reading : 2 minute(s)

Banks Washington International Monetary Fund Banque du Liban

During the Spring Meetings of the International Monetary Fund and the World Bank in Washington, Banque du Liban Governor Karim Souhaid delivered a stark and candid assessment of Lebanon’s critical condition. Speaking to an audience of international experts and policymakers, Souhaid described a country “at a crossroads—between fragility and ...

Nintendo Bullish on Switch 2 Pre-Sales in Japan

This is Beirut 24/04 09:55 - Reading : 2 minute(s)

United States Nintendo

Nintendo shares surged Thursday after the gaming giant boasted of higher than expected demand in Japan for pre-orders of its hotly anticipated Switch 2 console. The successor to the Switch -- the third best-selling console ever behind Sony's PlayStation 2 and the Nintendo DS -- is set to hit shelves worldwide on June 5. And the stakes are high: ...

Tesla's EU Sales Plunge as Musk Takes Flak

This is Beirut 24/04 09:15 - Reading : 3 minute(s)

European Union Donald Trump Tesla

Tesla electric car sales in Europe plunged in the first three months of the year, industry data showed Thursday, in a fresh blow to its boss Elon Musk who has been criticised for his work in US President Donald Trump's administration. Sales of the sleek machines fell 45 percent to just over 36,000 units in the first quarter of 2025 in the ...