This Is Beirut 01/06 00:20 - Reading : 1 minute(s)
Ratings agency S&P on Friday downgraded France's credit score for the first time since 2013, citing a deterioration in the country's budgetary position. S&P justified its decision to lower its rating for the EU's second-largest economy to "AA-" from "AA" by saying the budget deficit was forecast to remain above three percent of GDP in ...
This Is Beirut 30/05 22:28 - Reading : 2 minute(s)
Public transport fares have risen from LBP 150,000 to LBP 200,000, according to the new price scale approved on Thursday by caretaker Minister of Public Works and Transport Ali Hamieh. Region Tariffs in LL Service Taxi Mini-bus Bus Inside administrative Beirut, bounded by Corniche al-Mazraa, Barbir, the Museum, the River, Karantina, ...
This Is Beirut 30/05 19:31 - Reading : less than a minute
The Traffic and Vehicle Management Authority has announced that the annual circulation fee (“mécanique”) can be paid as of Thursday, May 30 at all money transfer companies, namely OMT, Whish Money, Cash Plus and BOB Finance.
This Is Beirut 30/05 18:05 - Reading : 2 minute(s)
Global Blue, the Swiss tax-free shopping company, announced on Thursday the relaunch of tax-free shopping services in Lebanon after a stop of more than two years. "This move represents a significant boost for the local retail and tourism sectors, attracting more international shoppers and stimulating economic activity in Lebanon," reads a ...
This Is Beirut 29/05 20:49 - Reading : less than a minute
The Board of Directors of the Association of Banks in Lebanon (ABL) met on Wednesday, reiterating the need to return deposits and preserve the banking sector. According to a press release issued by the ABL, various topics were discussed. In particular, the Council unanimously stressed the need to approach any bank restructuring project in ...
This Is Beirut 29/05 17:38 - Reading : less than a minute
Caretaker Minister of Economy and Trade Amin Salam assured on Wednesday that “the World Bank (WB) is committed to supporting Lebanon,” emphasizing that “the Ministry of Economy and Trade is keen on close cooperation with the financial institution to achieve results in the coming year, notably the beginning of the implementation of the GATE ...
This Is Beirut 28/05 19:02 - Reading : 1 minute(s)
As per the latest figures released by the Central Bank of Lebanon, the number of outstanding bank payment cards reached 2,063,252 cards at end-August 2023, down from 2,379,207 cards at end-2022, witnessing a drop of 315,955 cards or 13.3% over the first eight months of 2023. In detail, resident payment cards continued to make up the majority of ...
Mario Chartouni 28/05 15:00 - Reading : 5 minute(s)
Finding out ways to preserve and increase one's wealth is a permanent concern worldwide, but it is an acute need in Lebanon due to the ongoing multidimensional crisis that has been afflicting the country for over four years. This issue is a persistent challenge, especially as cash is the number one ruler, and its financial management has proven to ...
This Is Beirut 27/05 21:26 - Reading : 1 minute(s)
Caretaker Minister of Finance Youssef el-Khalil and World Bank (WB) Executive Director Abdel Aziz al-Mulla discussed, over a meeting, the WB budget for Lebanon, the projects carried out in the country and the institution's strategy for the next two years. Also on the agenda were discussions regarding the framework of support provided by the WB to ...
This Is Beirut 27/05 21:14 - Reading : 1 minute(s)
The President of the FBN Family Business Network, Ricardo Hosri, highlighted in a statement the vulnerability of family businesses in Lebanon in light of the current circumstances, warning that "their situation is tragic and their sustainability is challenging due to the war in Gaza, the tensions at the southern border in Lebanon and the financial ...
Maurice Matta 27/05 08:27 - Reading : 6 minute(s)
So far, TotalEnergies Group's report on drilling and exploration results in Block 9, southern Lebanon, remains unpublished, albeit the legal deadline passing for TotalEnergies to submit it to the Lebanese State represented by the Ministry of Energy. Drilling operations in the mentioned block ceased in mid-October 2023, and despite Minister Walid ...
Liliane Mokbel 26/05 10:20 - Reading : 2 minute(s)
In 2023, Lebanon imported 31,814 kg of gold bars, valued at $1.9 billion, compared to 16,776 kg in 2022, an increase of 89.6% year-on-year. This marked a record high for Lebanon in terms of the weight and value of gold bar imports over a decade, namely, from 2014 to 2023. According to the research and statistics bureau Information ...