This Is Beirut 24/04 12:40 - Reading : 1 minute(s)
The Central Administration of Statistics (CAS) has published the consumer price index for March (+1.72%) which shows that prices have continued to rise, bringing cumulative inflation from the end of 2018 to the end of March 2024 to 5,751%. Of note, this index rose by 70.36% year-on-year, the CAS said. The restaurant and hotel sectors continue ...
This Is Beirut 23/04 17:59 - Reading : 2 minute(s)
According to the financial statement from the Lebanese Central Bank (BDL), the total assets of BDL decreased by 8.27% over the course of a year, reaching $93.48 billion by mid-April 2024, following the adoption of the official exchange rate of 89,500 Lebanese pounds per dollar since early February 2024. The decrease is mainly due to a 98.9% ...
This Is Beirut 23/04 17:19 - Reading : 2 minute(s)
It's a first in Lebanon. The Ministry of Economy and Trade has gone digital, becoming the first public administration to implement e-government. Eighteen of the Ministry's administrative procedures have now been digitized, and all formalities will go digital by 2024. This initiative, which the Ministry of Economy and Trade has worked on with the ...
This Is Beirut 23/04 16:28 - Reading : less than a minute
Caretaker Minister of Finance Youssef Al-Khalil issued a decision on Tuesday in which he extended "exceptionally and for the last time" until August 15, 2024, the deadline for filing the declaration of income from foreign shares, debt securities, and various other foreign income from movable capital for the years 2022 and 2023.Owners of these ...
This Is Beirut 23/04 14:34 - Reading : 2 minute(s)
The World Bank published a report on Tuesday on the economic outlook for the Middle East and North Africa (MENA) region for April 2024, in which it forecasts economic growth of 0.5% for Lebanon in 2024, compared with an economic contraction of 0.2% in 2023 and 0.6% in 2022. Average real GDP per capita growth is also expected to improve from 1.2% ...
22/04 21:30 - Reading : less than a minute
The Central Administration of Statistics reported on Monday that the consumer price index in Lebanon for March 2024 recorded an increase of 1.72% compared with February 2024. This increase remains moderate compared with the rebounds recorded during the months of 2023 (33.27% in March and 5.35% in May). In addition, the index rose by 70.36% ...
22/04 21:17 - Reading : 1 minute(s)
Caretaker Minister of Agriculture Abbas Al Hajj Hassan and the President of the Union of Lebanese Chambers of Commerce, former minister Mohammad Choucair, signed a memorandum of understanding on Monday, to activate the partnership and cooperation between the Ministry and the Chambers of Commerce. The memorandum aims to strengthen the role of the ...
22/04 20:55 - Reading : less than a minute
Gold fell by more than 2% on Monday, recording its lowest level in a week. An ounce of gold fell by 2.3% to $2,336.29, marking the biggest drop in over a year. This comes at a time when concerns about the Middle East are waning, prompting investors to cut back on safe-haven purchases. In this context, it is worth recalling that geopolitical ...
22/04 17:52 - Reading : less than a minute
The Traffic and Vehicle Management Authority (Mécanique) announced on Monday that the Jounieh vehicle registration center will resume its services starting Tuesday, April 23, a year and a half after suspending its services. Offices will only be open on Tuesdays, Wednesdays and Thursdays, with few services provided, notably: transferring vehicle ...
Nicolas Sbeih 20/04 16:00 - Reading : 4 minute(s)
"We're a bit fed up, you know, my dear, with all this bad news every day; we can't wait to get back to our lives; in fact, I need to do some shopping, it'll cheer me up." And so, the "completely outdated" items are renewed, a few pieces to ornament the new Art Deco secretary, the coveted shawls, the sparkling jewelry sets, dinner at the latest ...
Maurice Matta 20/04 11:00 - Reading : 3 minute(s)
In a noteworthy development, employees of the Compensation Fund for Educational Staff in private schools apologized for suspending all reviews for two days. This action underscores the financial difficulties that the fund has been encountering since 2019, with its monetary revenues declining and depreciating in the Lebanese currency, compounded by ...
Liliane Mokbel 19/04 20:10 - Reading : 2 minute(s)
The finance world holds its breath, awaiting the unfolding of the simmering yet sustained tensions in the Middle East region. On Friday morning, having woken up on the wrong side of bed to the news of Israeli strikes against Iran's center, investors did not immediately realize that the conflict between the two parties, for the moment, resembles a ...