This is Beirut 03/06 20:10 - Reading : 1 minute(s)
Lebanon’s Minister of Labor Mohammad Haidar held a series of meetings during the 113th International Labor Conference in Geneva aimed at strengthening regional cooperation on employment and working conditions. He met with the Syrian Minister of Labor Hind Kabawat, in the presence of both Lebanese and Syrian delegations. Their discussions ...
Johnny Kortbawi 03/06 18:40 - Reading : 2 minute(s)
Banks Central Bank of Lebanon economy finance
Lebanon’s economic crisis cannot be measured solely by the six years since its visible eruption in September 2019. Its roots extend much further back—to 1992 and the first government formed after the Taif Agreement. This period marked the beginning of Lebanon’s modern economic policies, shaped by the country’s financial establishment with ...
This is Beirut 03/06 16:15 - Reading : 1 minute(s)
As Eid al-Adha approaches, Lebanese households can find some reassurance: prices of imported food items are expected to remain stable, offering a rare moment of relief amid ongoing economic challenges. Hani Bohsali, President of the Lebanese Food Importers’ Union, confirmed that no significant increase in imported food prices is anticipated in ...
Christiane Tager 02/06 19:50 - Reading : 2 minute(s)
Thursday night brought a shocking surprise at the fuel station: gasoline and diesel prices surged, despite a 17% drop in global oil prices since February. Yes, you read that correctly. While prices are falling worldwide, in Lebanon, they’re climbing. This is the Lebanese exception – flammable edition. In short, a price hike running completely ...
This is Beirut 02/06 17:15 - Reading : 1 minute(s)
lebanon Banking Parliament Reform finance auathority
The parliamentary subcommittee tasked with banking reform held a pivotal session to examine Articles 5 and 6 of the draft law proposing the creation of an independent banking authority. Two competing visions are at the center of the debate. The first, supported by Banque du Liban (BDL), calls for the establishment of a new, autonomous body ...
This is Beirut 02/06 17:15 - Reading : 2 minute(s)
USA Donald Trump European Union Washington
US stocks mostly slipped Monday on global trade tensions, with China rejecting Washington's accusations that it violated a pact to de-escalate tariffs, while President Donald Trump's plans to double steel levies added to strain with the EU. The Dow Jones Industrial Average slipped 0.4 percent to 42,109.92, while the broad-based S&P ...
This is Beirut 02/06 16:50 - Reading : 1 minute(s)
Lebanon Washington Energy Reform Syria WorldBank
Lebanon’s Minister of Energy and Water, Joe Saddi, is on an official visit to Washington, where he has held a series of high-level meetings with United States officials and World Bank representatives in a bid to secure international backing for Lebanon’s ailing energy sector. Saddi met with Laura Lochman, the Deputy Assistant Secretary for ...
This is Beirut 02/06 10:25 - Reading : 4 minute(s)
Nintendo hopes to match the runaway success of the Switch when its levelled-up new console hits shelves Thursday, with strong early sales expected despite the gadget's high price. Featuring a bigger screen and more processing power, the Switch 2 is an upgrade to its predecessor, which has sold 152 million units since launching in 2017 -- making ...
Christiane Tager 31/05 21:00 - Reading : 3 minute(s)
Europe United States USA tobacco Lebanon
For decades, cigarettes were a real nicotine cash cow for governments. A thriving industry, lucrative taxes, countless jobs and mass consumption that, despite health warnings, was an integral part of the global economic and social landscape. But that was before public health got seriously involved. On May 31st, we take a collective breath: it’s ...
This is Beirut 31/05 19:40 - Reading : 4 minute(s)
United States Tarrifs Donald Trump European Union
US President Donald Trump's announcement that he would double steel and aluminum import tariffs to 50 percent from next week drew ire from the European Union Saturday in the latest salvo in his trade wars aimed at protecting domestic industries. The EU warned it was "prepared" to retaliate against the latest tariffs, adding the sudden move ...
Liliane Mokbel 31/05 12:00 - Reading : 1 minute(s)
Save the Children conducted a survey of 4,099 Lebanese households, excluding those in the North and Akkar governorates. The findings reveal that 66% of families surveyed face serious difficulties accessing quality food. The situation is especially critical in the Baalbeck-Hermel region, where 11% of households were unable to obtain enough food to ...
Christiane Tager 31/05 10:15 - Reading : 4 minute(s)
Could Lebanon finally be on the cusp of fast, stable, uninterrupted internet? For once, fingers are crossed—not to reboot the router, but in genuine anticipation. After years of trudging through a digital experience as slow and congested as traffic on the Dora highway, Lebanon may be looking skyward for solutions. Starlink, which provides ...