Liliane Mokbel 30/05 13:00 - Reading : 4 minute(s)
Power plant maintenance is resuming, the local fuel market is well supplied, and electricity rationing is beginning to ease gradually. These improvements raise the prospect of an average electricity supply of twelve hours per day. Yet, without activating the Regulatory Authority – mandated by law for more than twenty years – the resolution of ...
Christiane Tager 29/05 22:05 - Reading : 3 minute(s)
lebanon Beirut corruption Achrafieh Baabda
The “political stabilization” that followed Aoun’s election in January delivered an immediate boost to Lebanon’s real estate market. “All the buyers who had been hesitant for years rushed in during the first quarter,” says Karl Kanaan, Sales Director at S. Gestion, speaking to This is Beirut. As a result, “A significant number of ...
Liliane Mokbel 29/05 13:00 - Reading : 3 minute(s)
EDL Europe Hezbollah US Congress Energy
Arab support for the revival of Lebanon’s energy sector is back in the spotlight. On the sidelines of the Arab Summit in Amman, Prime Minister Nawaf Salam reopened this crucial file with his Jordanian counterpart. Shortly after, Lebanese Finance Minister Yassine Jaber and Energy and Water Minister Joe Saddi discussed the main points of energy ...
Marc Saikali 29/05 11:30 - Reading : 4 minute(s)
International Monetary Fund Europe Gulf Hezbollah
The International Monetary Fund wants to lend $3 billion to Lebanon. On paper, it’s an "opportunity" to get a devastated country back on its feet. In reality, it’s a cruel joke. Lebanon is staring into an $85 billion abyss - a gaping hole dug by decades of mismanagement, clientelism, and public governance as cynical as it is incompetent. In ...
This is Beirut 28/05 20:55 - Reading : 2 minute(s)
Banks Los Angeles Yassin Jaber Jean-Christophe Carret World Bank
In a bid to accelerate Lebanon’s post-war recovery, Finance Minister Yassine Jaber met with Jean-Christophe Carret, the World Bank’s Regional Director, on Wednesday to discuss the imminent launch of the Lebanon Emergency Assistance Project (LEAP), a reconstruction initiative designed to channel international aid into rebuilding efforts through ...
This is Beirut 28/05 20:45 - Reading : 3 minute(s)
Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms despite falling prices. The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and six other members surprised markets recently by sharply raising output for May and June. The ...
This is Beirut 27/05 21:40 - Reading : 3 minute(s)
Banks Hassan Nasrallah Central Bank of Lebanon Hezbollah Israel
Al-Qard al-Hassan, a financial institution linked to Hezbollah and operating through 34 branches in areas controlled by the militia, has recently drawn attention for its role in the group’s financial operations. The Israeli think tank Alma Research and Education Center, which focuses on security issues in northern Israel, has provided ...
Mario Chartouni 27/05 20:25 - Reading : 4 minute(s)
Under the patronage of Prime Minister Nawaf Salam, the third edition of the “Tripoli, Yes We Can” conference took place at the Beirut Arab University Tripoli campus on Monday. Bringing together political decision-makers and Lebanese diaspora representatives, the event aimed to map out a bold vision for national economic recovery – extending ...
Christiane Tager 27/05 19:45 - Reading : 2 minute(s)
In Lebanon, the apple is a cornerstone of both culture and agriculture. It fills market stalls, embodies the freshness of the mountain regions, and represents a significant share of local farming. But beneath its smooth skin, a quiet crisis is unfolding: apple scab. “Or more precisely, Venturia inaequalis – a fungus with little that’s ...
This is Beirut 27/05 19:00 - Reading : 2 minute(s)
Lebanon WorldBank Finance Modernization Yassine Jaber Reform
Finance Minister Yassine Jaber announced on Tuesday that Lebanon is in advanced talks with the World Bank for a $150 million loan aimed at modernizing the country’s public administration. The loan would fund a comprehensive digital transformation across ministries and state institutions, improving service delivery, increasing transparency and ...
Liliane Mokbel 27/05 12:45 - Reading : 4 minute(s)
Banks Beirut International Airport EDL Energy
Electricity rationing is the rule, contrary to all logic in a nation-state framework. A quarter of a century after the end of the Civil War, the Lebanese remain dependent on alternative means of energy supply – mostly at the mercy of the neighborhood private generator supplier. Électricité du Liban (EDL) will long remain in Lebanon’s history ...
This is Beirut 26/05 12:40 - Reading : 2 minute(s)
ABL Banks Banque du Liban Fadi Khalaf
In the editorial of its monthly report titled “A New Phase on the Horizon,” the Secretary-General of the Association of Banks in Lebanon (ABL), Fadi Khalaf, emphasized that no economic recovery plan can succeed without serious cooperation among all stakeholders. He stressed that this partnership must ensure the protection of depositors' rights ...