This is Beirut 2025-08-21 12:35 - Reading : 1 minute(s)
The Lebanese Tenants’ Rights Commission has once again raised the alarm, accusing certain landlords and real estate developers of using “illegal methods, including threats,” to force families out of their homes. In a statement on Thursday, the commission emphasized that tenants “are not illegal occupants,” but families who have paid ...
Christiane Tager 2025-08-20 21:30 - Reading : 2 minute(s)
Lebanon Gulf Saudi Arabia agriculture
In many mountain communities, apples are far more than a dessert – they are an economic pillar. Families depend on the harvest to cover schooling, healthcare and daily expenses. When apples go unsold, the entire rural economy wobbles. Juice, jams, artisanal cider and vinegar exist as alternatives, but they are insufficient to handle ...
This is Beirut 2025-08-20 12:50 - Reading : less than a minute
Egypt is preparing a major energy project to export electricity to Iraq, Syria, and Lebanon via a new submarine cable through Jordan, with an initial capacity of 2,000 megawatts. The announcement follows a visit by Egyptian Prime Minister Mostafa Madbouly to Amman, where he met with his Jordanian counterpart to discuss expanding regional energy ...
Christiane Tager 2025-08-20 09:00 - Reading : 2 minute(s)
Covid-19 New York United Kingdom
Buying a Hermès or Chanel bag is no longer just a style statement – it has become a serious investment. Take the legendary Birkin. A Baghunter study found it delivered average annual returns of 14.2% over 35 years, outpacing the S&P 500’s 11.7% in the same period. Even more remarkable, some rare or exotic models have doubled in value in just ...
This is Beirut 2025-08-19 16:55 - Reading : 2 minute(s)
Lebanon Banks Central Bank of Lebanon Gulf economy
The latest index of the Beirut Traders Association-Fransabank (Q2 2025) shows the first signs of a recovery in local markets, a welcome development as the World Bank forecasts 4.7% GDP growth for Lebanon in 2025 and a sharp drop in inflation. The retail trade index rose to 33.13 points in Q2 2025, up from 30.01 the previous quarter (base 100 = Q4 ...
This is Beirut 2025-08-19 09:40 - Reading : 1 minute(s)
Nawaf Salam Beirut Port Imports Traffic Results
Despite Israel’s military escalation in Gaza and southern Lebanon, as well as Lebanon’s ongoing political, financial and social turmoil, the Port of Beirut continued to deliver strong results in the first half of 2025. According to Elie Zakhour, vice-president of the Arab Union of Maritime Navigation Chambers and former head of the ...
This is Beirut 2025-08-18 13:05 - Reading : less than a minute
The National Social Security Fund (NSSF) has reported a sharp rise in health expenditures since the start of 2025, signaling early signs of recovery. Health benefits, including hospitalizations, medical care, and medications, have surged by 65% compared with the entire year of 2024. On August 18, the NSSF approved two new financial advances ...
Liliane Mokbel 2025-08-18 11:00 - Reading : 4 minute(s)
Lebanon Gulf Turkey iraq syria
Will Iraqi oil once again flow through Tripoli, capital of North Lebanon? The project is back on the table, but its outcome remains uncertain. Baghdad is signaling determination. Oil Minister Hayan Abdel Ghani confirmed that the option is under serious study. To show goodwill, he also mentioned the possible rehabilitation of Kirkuk-Baniyas ...
This is Beirut 2025-08-18 10:00 - Reading : 4 minute(s)
The global games industry gathers for the vast Gamescom trade fair in Cologne this week, with hopes that upcoming heavy-hitters like "GTA VI" can help the industry escape its doldrums. Tuesday's opening night event will show off major releases slated for the months ahead, with the starring role going to "Black Ops 7" -- the new installment in the ...
This is Beirut 2025-08-16 19:15 - Reading : less than a minute
The international credit rating agency Standard & Poor’s has raised Lebanon’s long-term local currency rating to CCC with a stable outlook, while maintaining its foreign currency rating at SD, according to Reuters. The agency explained that the risks of Lebanon defaulting on local debt remain, due to spending pressures, limited access to ...
Liliane Mokbel 2025-08-16 15:00 - Reading : less than a minute
In 2024, the travel and tourism sector contributed 19.8% of Lebanon’s GDP, more than double its share in 2023 (8.4%), according to the World Travel & Tourism Council (WTTC). This marks a significant rebound from 2019, when the sector represented 18.9% of GDP, before Lebanon faced a series of overlapping crises. In terms of revenue, the sector ...
Christiane Tager 2025-08-15 20:35 - Reading : 4 minute(s)
Free to play… yet astonishingly profitable, today’s video games turn our clicks into cash. Microtransactions, virtual concerts and blockbuster partnerships have made Fortnite, Candy Crush and their peers billion-dollar giants. And in Lebanon, players show no sign of putting down their controllers anytime soon. Video games, once seen as mere ...