This Is Beirut 2025-08-06 12:40 - Reading : 1 minute(s)
Beirut’s Rafic Hariri International Airport experienced a significant increase in activity during July 2025, both in terms of passenger numbers and airline traffic to and from Lebanon. The most notable rise was in the number of incoming passengers, which jumped by over 15% compared to July 2024. A total of 873,095 passengers traveled through ...
Liliane Mokbel 2025-08-05 17:25 - Reading : 3 minute(s)
As of June, Lebanon’s Consumer Price Index recorded an annual increase of around 15%, a sharp drop from the staggering 253.55% seen during the same period in 2023. This decline is largely due to the stabilization of the exchange rate following months of severe devaluation of the Lebanese pound (LBP). Yet, despite this slowdown in inflation, ...
Christiane Tager 2025-08-05 10:30 - Reading : 3 minute(s)
Lebanon New York United Kingdom Japan Climate
There was a time when fuel prices were the main concern. Today, it’s the cost of food that’s raising eyebrows. What ends up on our plates is no longer determined solely by supply, demand or inflation. Temperature has become a key factor. Behind the sharp rise in food prices, a quieter but increasingly decisive force has emerged: climate ...
This is Beirut 2025-08-05 10:05 - Reading : 1 minute(s)
Gulf Middle East Saudi Energy Oil Aramco
Saudi Aramco's profit slid 22 percent in the second quarter to 85 billion riyals ($22.67 billion) as a slump in prices hit revenues, the oil giant said on Tuesday. Aramco, the world's biggest oil exporter and driver of the Saudi economy, has now seen profits decline for 10 straight quarters since record results in late 2022. "The decrease in ...
This is Beirut 2025-08-03 17:20 - Reading : 3 minute(s)
Saudi Arabia, Russia and six key members of the OPEC+ alliance said Sunday they will increase production by 547,000 barrels a day in a move that analysts say aims to regain market share amid resilient crude prices. Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, along with the Saudis and Russians, together nicknamed the ...
Liliane Mokbel 2025-08-02 15:00 - Reading : less than a minute
Banks Beirut Port European Union
The Ministry of Finance is accelerating its efforts to modernize Lebanon’s customs operations. With a clear goal of enhancing public revenue collection, a large-scale digital transformation is underway, impacting both the Directorate of Revenues and the Customs Directorate. Key initiatives include the gradual rollout of electronic payment ...
Liliane Mokbel 2025-08-02 12:10 - Reading : 2 minute(s)
The Levant’s maritime landscape is rapidly shifting. Since the easing of Western sanctions on Syria, investors have flocked to its shores. Emirati logistics giant DP World has launched an $800 million investment plan to modernize Tartus port. Meanwhile, CMA CGM is investing $262 million in Lattakia, and China is expanding its footprint in ...
This is Beirut 2025-08-01 09:05 - Reading : 3 minute(s)
A range of new tariffs due to take effect in one week were announced Thursday on most US trading partners, with separate sector specific duties -- on copper -- also being implemented. President Donald Trump unveiled an array of import levies that ranged as high as 41 percent on Syria and included a hike on Canadian imports from the current 25 ...
Liliane Mokbel 2025-07-31 17:36 - Reading : 2 minute(s)
Lebanon Customs revenues Fiscal revenues Economy
It’s both a welcome and surprising development: in 2025, Lebanon’s state treasury saw a significant rise in customs revenues – and this happened without any increase in customs duty rates. According to the World Bank (Lebanese Monitor report, Turning the Tide, Spring 2025), public revenues reached $4 billion in 2024, with $3 billion coming ...
Christiane Tager 2025-07-31 17:00 - Reading : 3 minute(s)
Lebanon Summer Weddings Economy
Today, Lebanese weddings are no longer just about love; they’re major financial productions. Each celebration activates an entire economic ecosystem: fully booked wedding planners, photographers and videographers charging thousands of dollars, gourmet caterers offering five-star menus, florists capable of transforming any venue into a lush ...
This is Beirut 2025-07-30 22:20 - Reading : 2 minute(s)
Lebanon Yassin Jaber George Maarawi FDA
Finance Minister Yassine Jaber announced on Wednesday tangible progress in Lebanon’s public finance reform efforts, during a joint press conference with French Ambassador Hervé Magro and representatives from the French Development Agency (FDA) and Expertise France. The conference focused on the ongoing project “Strengthening Budget ...
Liliane Mokbel 2025-07-30 15:20 - Reading : 4 minute(s)
Lebanon Economy Private sector Public sector
Jaber wants a smarter, more effective PPP law, one that reflects the lessons of what he describes as a disappointing past. He was rather clear in an early July statement to An-Nahar, as he sharply criticized the PPP contract between Electricité du Liban (EDL) and service providers, calling it a “big lie.” He believes the deal should have been ...