Christiane Tager 21/03 14:00 - Reading : 2 minute(s)
Over the course of just one year, the price of eggs in the US has surged, jumping from under $2.52 in February 2024 to $8 per dozen in February 2025—a staggering increase of more than 65%. So, what’s behind this sudden price spike? The avian flu epidemic is a major factor. The outbreak has devastated millions of egg-laying hens in the US, with ...
This is Beirut 21/03 13:30 - Reading : less than a minute
The Turkish lira has experienced a historic plunge, recording its steepest weekly decline in nearly two years, following the arrest of Ekrem Imamoglu, the Mayor of Istanbul and leading opposition figure – a key opponent to President Recep Tayyip Erdogan. The lira lost 3.7% over five days, marking its worst performance since June 2023, with the ...
Maurice Matta 20/03 21:35 - Reading : 3 minute(s)
Lebanon Banque du Liban Governor Appointments
The Cabinet approved on Thursday the administrative appointment mechanism, reaffirming ministers’ role in the process. Under the agreed framework, the relevant minister will propose a list of hors-cadre candidates, while the final decision rests with the Cabinet. Meanwhile, the appointment of a new Bank of Lebanon (BDL) governor remains ...
Liliane Mokbel 20/03 15:03 - Reading : 1 minute(s)
The Director-General of the National Social Security Fund (NSSF), Mohammad Karakeh, recently announced that CNSS benefits will gradually return to their pre-2019 levels once the necessary executive decisions regarding the increase in fixed hospital service rates are issued. These services include hospitalization in standard rooms, intensive care, ...
Christiane Tager 20/03 14:00 - Reading : 4 minute(s)
Hospitals Insurance medical health
The conflict between the hospital owners' syndicate and insurance companies remains unresolved. Hospitals say they are grappling with soaring inflation and steadily rising operating costs, prompting them to demand a 15% increase in hospital fees. According to hospital executives, this adjustment is essential to offset the rising costs of ...
This is Beirut 20/03 13:00 - Reading : 3 minute(s)
Major European and Asian stock markets retreated Thursday following a weaker-than-forecast US economic outlook and despite the Federal Reserve trying to calm fears over President Donald Trump's tariffs. Fed boss Jerome Powell on Wednesday suggested that any increase to consumer prices caused by tariffs would likely be short-lived, even as the ...
This is Beirut 20/03 11:15 - Reading : 3 minute(s)
Thursday's release of action-adventure epic "Assassin's Creed Shadows" marks a make-or-break moment not just for struggling French games heavyweight Ubisoft, but for the entire European gaming ecosystem. With its almost 18,000 employees and global footprint, Ubisoft has nevertheless suffered one setback after another in recent years with ...
This is Beirut 19/03 20:30 - Reading : 3 minute(s)
The US Federal Reserve paused interest rate cuts again on Wednesday and noted an increase in economic uncertainty, as it navigates an economy unnerved by President Donald Trump's stop-start tariff rollout. Policymakers voted to hold the US central bank's key lending rate at between 4.25 percent and 4.50 percent, the Fed announced in a ...
Liliane Mokbel 19/03 18:20 - Reading : 3 minute(s)
Salaries Minimum wage Government inflation GDP
In one of his first statements to the press, the new Minister of Labor, Mohammad Haidar, said that raising the minimum wage is among his priorities. He noted that the matter would be discussed with Finance Minister Yassine Jaber but did not specify a figure. Recently, some have called for a minimum wage of $1,000—five times the current ...
This is Beirut 19/03 10:30 - Reading : less than a minute
The Turkish lira plunged to an all-time low against the dollar on Wednesday, after police raided the home of Istanbul's powerful opposition mayor, Ekrem Imamoglu. The currency was trading at 39 liras per dollar after the mayor, a key opponent of President Recep Tayyip Erdogan, was detained over a corruption probe, a move denounced by his ...
This is Beirut 18/03 20:30 - Reading : 1 minute(s)
agriculture water global warming
The Ministry of Agriculture and the Directorate of Agricultural Research called on Tuesday for rational management of water consumption this year due to a significant drop in rainfall, which has only reached 30% of the usual annual average. In addition to low rainfall, temperatures have been higher than normal, due to climate change. The ...
This is Beirut 18/03 19:30 - Reading : less than a minute
Based on the latest statistics from the Guide to Lebanese Exports and Industrial Institutions for the end of 2024, Lebanon has 18,542 factories producing 1,656 products. This includes 8,771 factories classified according to the international harmonized system, and 1,179 products exported internationally, meeting the legal and technical standards ...